Divests Interests in HPA Project
Melbourne, Nov 18, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (QTRPF:OTCMKTS) are pleased to advise that the company has divested its interest Halcyon Resources Pty Ltd, which owns the Tambellup Kaolin Project to Accelerate Resources Limited (ASX:AX8) for an initial consideration of 1,335,600 ordinary shares of AX8 and subsequent milestone shares.
Further details of the sale are included in the announcement made by Accelerate Resources Limited (ASX:AX8) and can be found here:
https://www.abnnewswire.net/lnk/0E8L7WZM
The company remains solely focussed on its strategy to upgrade and expand its gold resource inventory at its district scale Estelle Gold Project and pursue its fast track cash flow strategy from the Thompson Brothers Lithium Project held in majority Nova owned Snow Lake Resources. We will update the market on developments in due course.
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.
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