Ann: Drilling program completed at Nova Minerals lithium project, page-2

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Drilling program completed at Nova Minerals’ lithium project in Canada Emerging Australian exploration company, Nova Minerals Limited (ASX: NVA), today announced the completion of a preliminary resource drilling program at its Thompson Brothers Lithium project in Canada. The Company said the program had been completed on time and under budget (see maps appended to the end of this release). Samples from drill holes up to TBL-20 have been submitted to the SRC laboratory in Saskatoon Saskatchewan for analysis. Samples from drill holes TBL-21 to TBL-24 will be transported to SRC next week. The company will release results as they become available. The company has now commenced drafting its initial NI 43-101 technical Qualifying Report. In formulating the report by covering the historical and existing drilling data, the independent technical consultants have identified 20 drill holes at the Sherritt- Gordon Zone (figure 1) – located within the tenement in Manitoba, Canada - which have not been historically reported. The company will update the market on these findings in due course. Figure 1: Sherritt-Gordon Pegmatite Zone NOVA MINERALS LIMITED ASX: NVA Nova Minerals Limited is an Australian domiciled mineral resources exploration and development company with North American focus. Board of Directors: Mr Avi Kimelman Managing Director / CEO Mr Louie Simens Non-Executive Director Mr Dennis Fry Non-Executive Director Mr Olaf Frederickson Non-Executive Director Company Secretary: Mr Adrien Wing Contact: Nova Minerals Limited Level 17, 500 Collins Street Melbourne, VIC, 3000 P: +61 3 9614 0600 F: +61 3 9614 0550 W: www.novaminerals.com.au
Significant Spodumene intercepts at TBL 21, 22, 23 and 24 The mineralised pegmatite body continues to show persistence at depth with each new hole drilled and to date remains open both at depth and along strike to the north and to the south. The additional pegmatite at Sherritt Gordon appears to be independent of the Thompson Brothers deposit, and the company eagerly awaits determination of the historic data from the project as well being able to conduct field observations after the winter thaw. Focus is now on consolidation and interpretation of the data from the winter drilling program and Nova Minerals looks forward to quantifying the deposit with completion of the NI 43 -101 resource estimation in the coming months. Significant Milestones: • Spodumene floatation test work for completion prior to May 2018. • Maiden JORC and/or NI 43 101 Qualifying Report with Mineral Resource estimate is expected to be completed during August 2018. • Mapping and drill planning for north of the project area to commence once initial resource estimation is complete. Nova Minerals Managing Director, Mr. Avi Kimelman said: “We are pleased - and credit to our team on the ground - that drilling has been completed on time and under budget. We have now commenced the initial Ni 43-101 technical and resource estimation report. The speed of drilling and our commencement of the Metallurgical studies, Ni 43-101 technical and resource estimation report shows the commitment by all involved to unlock the potential of the Thompson Brothers Lithium Project.” “This exploration program, ground works and commencement of the NI 43-101 historic research clearly demonstrates the resource is open in all directions as exploration activities to date has not found the end of the mineralisation and has opened up exciting new targets. “The north of the project area is yet to be drilled out and is open for discovery as highlighted in our geochemical testing works in the early parts of 2018. The Sherritt-Gordon zone and Thompson #5 are exciting new advanced prospects we look forward to test as both have the potential to add significant tonnage with future desktop mining and exploration activities.”