Nova Minerals Releases Its Corporate Presentation- Envisages Bunch Of Opportunities

By Kunal Sawhney -January 18, 2019

Nova Minerals Limited (ASX: NVA) offers mining services. The Company provides extraction, exploration, and production of gold, copper, silver, and other precious metals.

The company has through the latest release on ASX gave their corporate presentation and stated that the company is very well poised for growth as it is an emerging resource company, with an extensive portfolio of undervalued projects. The firm’s focus is on discovery, development, and monetization of Project Portfolio. 

Nova Minerals Ltd (ASX:NVA) Investor Presentation – Positioned for Growth

WWW:novaminerals.com.auCompany Overview

Investor Presentation – Positioned for GrowthMelbourne, Jan 18, 2019 AEST (ABN Newswire) – Nova Minerals Ltd (

ASX:NVA) provides the Company’s latest Investor Presentation. 

WHY NOVA MINERALS? 

– Emerging resource company with extensive portfolio of undervalued projects 

– Focus is discovery, development and monetisation of Project portfolio 

– Estelle an underexplored GOLD belt with district-scale potential for multiple large deposits 

– High Grade Hard Rock Lithium project in Canada 

– Large land packages with significant exploration potential 

– Stable jurisdictions with rich mining history 

– Two GOLD Projects – two opportunities to re-rate 

– Major GOLD Discovery Potential 

– Catalysts for a Higher Valuation Leveraged to the GOLD Price 

– Management has a large equity position and aligned with shareholders 

– Exposure to an extensive multi-commodity project portfolio with strong upside potential 

To view the full presentation, please visit:
http://abnnewswire.net/lnk/7QQ04Z56

About Nova Minerals Ltd

Nova Minerals Limited (ASX:NVA) (FRA:QM3) is an ASX-listed minerals explorer focused on lithium, gold and mineral exploration in Canada, Alaska and Australia.

The company plans to create shareholder value through two-pronged strategy:

– Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.

– Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper silver project and our Northern Australian gold exploration assets.

Contact
Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au

Link: Investor Presentation – Nova Positioned for Growth

Demand for lithium expected to put a charge in Manitoba’s beleaguered mining sector

Discovery of mineral used in batteries has drills turning around Snow Lake

Ian Froese · CBC News · Posted: Jan 12, 2019 6:00 AM CT | Last Updated: January 12

The growing prominence of electrified vehicles may be of huge benefit to Snow Lake, which is home to a large lithium find. The commodity is used in batteries. (Canadian Press)28 comments

It may not offset the hundreds of mining jobs that northern Manitoba is losing, but exploration companies are bullish on the potential for lithium.

One of the hubs of activity for a mineral vital in the world’s drive to electrification is around Snow Lake, 200 kilometres east of Flin Flon.

“If we get three or four mines going up there again, we could probably get 500 directly employed people,” said geologist Dale Schultz, who is collaborating with a new mining company called Snow Lake Resources.

It’s a lofty goal, but then lithium, used in batteries, is a hot commodity in the expected electrification of our society, including vehicles. And jurisdictions are taking notice: only months ago the B.C. government promised it would take steps to ensure all new cars and trucks sold in the province are emission-free by 2040.

That means the resource will become more valuable as time goes on, Schultz says.

“That’s the common wisdom right now.”

Betting on lithium

In and around Snow Lake, drills are turning for lithium. 

Snow Lake Resources has dibs on a 6.3-million-tonne resource estimate, while Far Resources is digging into an initial resource of 1.1 million tonnes.

The exploration comes amid a downturn in the province’s mining industry.

The sector faced a body blow last year when Hudbay announced its intentions to pull up stakes in Flin Flon by 2021 due to a lack of ore in the ground. In another setback, Vale laid off 169 employees last year at its Thompson mine.

To save even some of those Hudbay positions, Snow Lake is being held up as a saving grace. The miner expects to transfer employees to the Stall mill, Lalor mine and a refurbished New Brit Gold mill, all near Snow Lake.

It will lessen the blow, but it won’t save all 800 Hudbay jobs at risk in Flin Flon.  

A helicopter view of a drill rig Far Resources is using to uncover lithium deposits. (Far Resources )

That’s where further exploration may come into play.

In addition to the play for lithium, Rockcliff Metals, a Toronto-based miner, is after a gold deposit in the region. 

Toby Mayo, president and CEO of Far Resources, says there’s no denying the demand for lithium can lift the fortunes of Snow Lake. 

“There’s no reason why a huge number of additional discoveries can’t be made that will really put Snow Lake on the map — again.”

Hope during a downturn

Snow Lake has a storied mining history, but is subject to the whims of the industry’s cyclical nature.

Mayor Peter Roberts acknowledges his northern community may be approaching a time when a stream of Flin Flon residents come to their community to work, instead of a flow of citizens travelling in the opposite direction.

He’s encouraged by any sign of drilling, but said he cannot hang his hopes on firms which haven’t started mining yet. In the meantime, he’s hopeful that Hudbay, still exploring in the region, can strike riches. 

“As long as there is exploration, there’s always hope for a longer future,” he said.

In Manitoba, senior mining companies intended to spend $41.3 million toward exploration in 2018, while junior miners invested $6.3 million toward the same task, according to Natural Resources Canada figures.

Ken Klyne, president of the Manitoba Prospectors and Developers Association, said provincial exploration can rise again by simplifying the permitting process and reducing the need for onerous consultations. 

“It’s a huge problem created and we’re not going to turn it around overnight.”

Company encouraged by lithium results near Snow Lake

Eric Westhaver / Flin Flon Reminder

JANUARY 28, 2019 12:00 PM

Although it is far away from any proposed development, a mining company near Snow Lake thinks they might have a major find on their hands.

Snow Lake Resources, a spin-off group of companies Nova Minerals and Progressive Planet Solutions, has announced their latest results from the 5,600 hectares the company owns near Wekusko Lake. The company has been seeking lithium on land including the Thompson Brothers property, the Sherritt Gordon property and another property the company has named Grass River. article continues below 

Snow Lake Resources CEO Derek Knight said the Thompson Brothers and Sherritt Gordon properties have both shown high indications of lithium-containing minerals.

“They are pretty good samples,” he said.

Estimates of the area show an implied resource of 6.3 million tons. At the Thompson Brothers deposit, one area of the resource has tested at 1.3 per cent dilithium oxide.

At the Sherritt Gordon area, named for the company that formerly owned and processed the site, Knight said historical data for the site has often mentioned spodumene, a mineral that contains lithium as well as aluminum and silicon.

“In 1942, Sherritt Gordon put 20 holes into it. It’s also on our property. That’s not included in any of the estimates so far, but they had 20 holes that all had spodumene,” said Knight.

“We think there’s a very good chance for us to put a couple holes over there and increase that inferred resource.”

Both the Thompson Brothers and Sherritt Gordon areas have been prospected in the past, with historical mining data for the areas available dating back all the way to 1942. However, none of the companies examining the area thought highly of lithium. In the 20th century, lithium had little value, used mostly in glass and ceramic production, industrial greases and metal work.

Since then, lithium has grown more valuable through two uses. It is a key element in the batteries of phones, laptops, electric cars and other technology, and is used as medication for people with some forms of mental illness.

“I think for a long time, there just wasn’t a market for it. Whenever people looked for lithium, they were looking for the cheapest way to get it,” said Knight.

Knight sees lithium items as a key part for clean energy in the future, less damaging to the environment than other forms of mining and as a preferable method to find energy than other means, including fossil fuel extraction.

“I think what’s important to know is that renewable clean energy is not going away,” he said.

“The idea that we’re going to have less energy storage in northern climates, electric cars, and all that – those are certainly going to be increasing. The question is going to be if the supply matches up with the demand.”

Knight said some areas of land owned by the company have not yet been fully tested, but he is hoping for big things.

“There’s lots of other possibilities. There are lots of known pegmatite dikes that we just haven’t gotten to yet because we got the ones that are most likely and most favourable targets. There are lots more dikes that haven’t even been looked at yet,” he said.

The ultimate goal for the project is to have a fully functioning lithium mine somewhere near Snow Lake. Snow Lake Resources has a public offering in the works and Knight hopes the recent buzz will help the company further their findings.

“We’re planning on moving this project along, hopefully to the stage where we can create some jobs in the area,” said Knight.