HomeCategory

Investments

Snow Lake Resources Ltd (NASDAQ: LITM) - The Thompson Brothers Lithium ProjectSnow Lake Lithium

0123456789001234567890%
OwnedSnow Lake Resources
NASDAQ:LITM
https://novaminerals.com.au/wp-content/uploads/2021/12/snowlake-1280x1280-1.png

Nova majority owned Snow Lake Resources Ltd, listed on the NASDAQ (LITM), is engaged in lithium exploration at the Thompson Brothers Lithium Project located in the province of Manitoba, Canada. Snow Lake is committed to being the first fully renewable energy powered electric mine in the world capable of delivering a completely traceable, conflict free, net zero carbon, battery grade lithium to the growing electric vehicle, battery storage and consumer markets.

https://novaminerals.com.au/wp-content/uploads/2021/12/snowlake.png

Snow Lake aspires to not only set the standard for responsible lithium battery manufacturing but intends to be the first lithium producer in the world to achieve Certified B Corporation status in the process. Snow Lake intends to discover and develop economically viable deposits of lithium bearing ore on their properties in Manitoba and to derive substantial revenues in the longer term from the sale of lithium hydroxide that it expects to mine and process.

Snow Lake has a dominant 56km2 land position, and the Thompson Brothers Lithium Project currently has a mineral resource estimate of 9.08 Mt @ 1.00% Li2O indicated and 1.97 Mt @ 0.98% Li2O inferred and is currently undertaking resource expansion drilling to significantly increase the resource size and confidence.

In 2022 Snow Lake will initiate its feasibility studies with an aim to be mining by 2024/25.

For more information, see www.snowlakelithium.com

Torian Resources Ltd (ASX: TNR) – Gold and Rare Earths ExplorationTorian Resources

01234567890.0123456789001234567890%
OwnedTorian Resources
ASX:TNR
https://novaminerals.com.au/wp-content/uploads/2021/12/torian-logo.png

Torian Resources Ltd (ASX:TNR) is a highly active gold exploration and development company with an extensive and strategic land holding comprising six projects and over 400km² of tenure in the Goldfields Region of Western Australia. All projects are nearby to excellent infrastructure and lie within 50km of major mining towns.

Torian is continuing with its exploration strategy aimed at making significant gold and rare earth discoveries that have near term production potential. The Company is entering an exciting phase in its development as its exploration to date has already resulted in several gold discoveries.

Torian’s flagship Mt Stirling Project is situated approximately 40km NW of Leanora, and neighbours Red 5’s Kind of the Hills mine. The region is rich in gold endowment with producing mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.

For more information, see www.torianresources.com.au

Rotor X Aircraft ManufacturingRotor X

01234567890.01234567890%
OwnedRotor X
Pre-listing
https://novaminerals.com.au/wp-content/uploads/2021/12/rotorx.png

Rotor X Aircraft Manufacturing is a helicopter kit manufacturing company that provides the world’s most affordable and reliable 2 seat personal helicopter.

Recently Rotor X also announced that it has entered the electric vertical take-off and landing (eVTOL) market with the aim of developing innovative, low operating cost heavy-lift electric helicopters and drones, to support mining and other industries, as well as the growing urban air taxi market.

For more information, see www.rotorxaircraft.com

eVTOL Aircraft of the Future for Mining Transport & Exploration

The unprecedented potential benefits for Nova’s mining operations through the innovative application of clean aircraft technology, have been the primary motive behind the Company’s investment in aerospace company RotorX.

RotorX is in the process of developing the ground-breaking RX eTransporter, an electric vertical take-off and landing aircraft, designed for difficult terrain and heavy payloads of up to 1600lbs.

The unique advancement is its potential ability to fly for more than 1.5 hours (or hover for more than 45 minutes) on a single charge, together with a maximum air speed of over 160mph which translates into a range of up to 200 miles.

Its future application is the capability to support remote mining sites with the essential tasks of cargo delivery and transportation of personnel, which will improve both productivity and operational safety.

The RX is intended to be produced both as a piloted aircraft and in a pilotless version. It will be a model of sustainability for Nova as part of its ESG development, while at the same time lowering estimated logistics costs by a third.

Artist impression of the RX eVTOL delivering supplies to the exploration site:

https://novaminerals.com.au/wp-content/uploads/2022/02/eVTOL.jpg