37% Owned Snow Lake Lithium Presentation
Sydney, Mar 23, 2023 AEST (ABN Newswire) - Nova Minerals Ltd (
ASX:NVA) (NVAAF:OTCMKTS) key focus is the development of its 9.6Moz Estelle Gold Project located in Alaska's prolific Tintina Gold Province. Underpinned by last year's 30,000m diamond drill program, an updated Mineral Resource Estimate (MRE) is nearing completion, with a Phase 2 Scoping Study close behind. However, to note that NVA also holds a substantial (37%) interest in lithium-developer Snow Lake Lithium (NASDAQ:LITM).
An update to LITM's 11.1Mt @ 1% Li2O resource is imminent, and a restructured board has outlined a new development path.
To view the Snow Lake Presentation, please visit:
https://abnnewswire.net/lnk/VLYV30XC
About Nova Minerals Limited
Nova Minerals Limited (ASX:NVA) (FRA:QM3) is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
About Snow Lake Resources Ltd
Snow Lake Resources Ltd (NASDAQ:LITM) is committed to operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the electric vehicle and battery markets. The company aspires to not only set the standard for responsible lithium battery mining, but intends to be the first lithium producer in the world to achieve Certified B Corporation status in the process.
The wholly owned Thompson Brothers Lithium Project covers a 21,703-acre site that has only been 3% explored and contains an 11.1 million metric tonnes indicated and inferred resource at 1% Li2O.
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