Nova Minerals Limited (ASX:NVA, OTC:NVAAF, FRA:QM3) is a dynamic mineral explorer with exploration interests in Tintina Gold Province of Alaska. Nova holds 100% interest in the Estelle Gold Project. Currently, the project holds 4.7 million ounces of Inferred Mineral Resource that remains open. Nova has identified several prospects in the project area, spread over an area of 324km2. The Inferred Mineral Resource is from the 2% of the holding, and major part of the tenure remains sparsely explored.
The Estelle Project lies in world-class geography within a premium Tintina Gold Belt of Alaska. The Tintina Gold Belt is estimated to hold more than 220 million ounces of gold deposits. With Estelle Project, Nova is aiming to be the next major low-cost gold producer in the Alaska region. The project has potential for significant upside in the gold mineralisation as more area comes under the exploration activities.
Nova is set on a fast-track growth and development path led by an experienced management and board. The management aims to position Nova to be the next low-cost gold producer in Alaska while growing gold resources.
Nova Minerals has a diversified investment portfolio and is positioned well for future growth. Nova owns 73.8% of Snow Lake Resources Limited, which operates Thompson Brothers Lithium Project. The project boasts a Mineral Resource of 6.3Mt @ 1.3 Li2O containing 86,940 tonnes of Li2O with a cut-off grade of 0.6% Li2O. Snow Lake has filed for an IPO with the SEC for US$23 million.
Nova also holds 12.99% in Torian Resources Ltd and 9.9% in Rotor X Aircraft Manufacturing Co.