Nova Completed $4.3 Million Placement; Ample Funds to Accelerate Exploration & Development at The Estelle Gold District

  • Jan 15, 2020 AEDT
  • Team Kalkine

The Directors of Nova Minerals Limited (ASX: NVA) announced the successful completion of Share Placement to raise $4.3 million, before costs to various Institutional and Sophisticated investors. With this, the company is now fully funded to continue its progression of the Korbel deposit that supports a future low strip, bulk mining, heap leach mining operation as well as for working capital reasons.

The layout of Drill holes completed with the view of growing the resource & upgrading the confidence level to Measured or Indicated at Korbel Blocks A & B.

Drill targeting Block B starter pit would start feasibility works. Exploration focus would be on Korbel Blocks C & D, the RPM prospect & early stage exploration at Shoeshine.

Snow Road about to complete & Camp procurement competed.

 

 

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