UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of October 2024
Commission
File Number 001-42132
NOVA
MINERALS LIMITED
(Translation
of registrant’s name into English)
Suite
5, 242 Hawthorn Road,
Caulfield,
Victoria 3161
Australia
+61 3 9537 1238
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
☒
Form 20-F ☐ Form 40-F
NOVA
MINERALS LIMITED
EXPLANATORY
NOTE
Attached
to this report on Form 6-K as Exhibit 99.1 is a copy of the press release of Nova Minerals Limited (the “Company”) dated
October 16, 2024, titled “Nova Minerals Drills 39m @ 5.4 g/t Au from Surface at the RPM Deposit on its Estelle Gold-Antimony Project,
in Alaska”.
This
report on Form 6-K (including the exhibits hereto) shall not be deemed to be “filed” for purposes of the Securities Exchange
Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such filing.
Financial
Statements and Exhibits.
The
following exhibits are being furnished herewith:
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
NOVA
MINERALS LIMITED |
| |
|
|
| Date:
October 16, 2024 |
By: |
/s/
Craig Bentley |
| |
Name: |
Craig
Bentley |
| |
Title: |
Director
of Finance and Compliance and Director |
Exhibit
99.1
Nova
Minerals Drills 39m @ 5.4 g/t Au from Surface at the RPM Deposit on its Estelle Gold-Antimony Project, in Alaska
Anchorage,
Alaska, October 16, 2024 - Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ:
NVA) (ASX: NVA) (FRA: QM3) is pleased to announce further high-grade thick intercepts from another seven holes of the 21 hole
reverse circulation (RC) drilling program conducted in the RPM starter pit area in 2024, within its over 500km2 flagship Estelle Gold
Project, located in the Tintina Gold Belt in Alaska. The shallow drilling program was focused on near surface mineralization <50m
in depth in support of the RPM starter mine Feasibility Study (FS) currently underway.
Highlights
| ● |
Results
from shallow infill drilling continues to hit the target area extending the current high-grade core zone at RPM to surface with significant
broad intercepts grading > 5 g/t Au. |
| |
|
| ● |
High-grade
gold intersections targeting near surface mineralization above the current high-grade Measured and Indicated core continue at RPM
North with all holes ending in mineralization. Significant results include (Table 1 and Figures 1 to 4): |
| |
|
■ |
39m
@ 5.4 g/t Au from surface including; |
| |
|
■ |
25m
@ 8.2 g/t Au from surface |
| |
|
■ |
20m
@ 10.2 g/t Au from 5m |
| |
|
■ |
12m
@ 15.3 g/t Au from 12m |
| |
|
■ |
11m
@ 16.4 g/t Au from 12m |
| |
|
■ |
26m
@ 3.7 g/t Au from surface including; |
| |
|
■ |
18m
@ 4.8 g/t Au from 8m |
| |
|
■ |
5m
@ 14.0 g/t Au from 19m |
| |
|
■ |
46m
@ 1.9 g/t Au from 1m including; |
| |
|
■ |
39m
@ 2.1 g/t Au from 1m |
| |
|
■ |
24m
@ 2.8 g/t Au from 1m |
| |
|
■ |
2m
@ 14.4 g/t Au from 7m |
| |
|
■ |
38m
@ 1.9 g/t Au from 3m including; |
| |
|
■ |
33m
@ 2.1 g/t Au from 3m |
| |
|
■ |
17m
@ 2.7 g/t Au from 11m |
| |
|
■ |
5m
@ 5.8 g/t Au from 22m |
| ● |
All
drill holes end in gold mineralization. |
| |
|
| ● |
Assay
results from 6 remaining holes from the 2024 drill program at RPM to follow. |
| |
|
| ● |
Assay
results from the over 500 soil and 225 rock samples collected as part of the extensive 2024 surface exploration and mapping program
targeting gold, antimony and other critical minerals from traverses at Stibium, Wombat, West Wing, Stoney, Muddy Creek, RPM, Styx,
and the new claims added in 2023, will be reported by area once received and processed. |
| |
|
| ● |
Resource
update including both the 2023 and 2024 drill results to be completed once all results are received. |
| |
|
| ● |
RPM
starter mine Feasibility Study (FS), and updated economic study of the Estelle wide project in progress, with the aim to commence
with a smaller scale, low capex, high-margin starter mine at RPM as soon as possible, which will provide cashflow to fund the expansion
of the larger Estelle project organically. |
| |
|
| ● |
Whittle
Consulting engaged to complete project optimization, METS Engineering engaged to complete metallurgical and process design work,
and Roughstock Mining engaged for pit and engineering design. |
Nova
Minerals CEO, Mr Christopher Gerteisen commented: “We continue to hit broad intercepts of high-grade mineralization which bodes
well for the upcoming resource update and PFS which will be focused on RPM as a scale-able low capex/high margin project with future
expansion plans into the larger project achieved through cashflow.
More
2024 drill results are pending and once all received we will begin work on the resource update. We look forward to updating all stakeholders
on these fronts as we continue to progress on our path towards production and early cashflow at RPM within the greater Estelle gold and
critical minerals district.”
RPM
Drilling Discussion
A
total of 21 RC holes were drilled at RPM as part of the 2024 drilling program, of which assay results for 15 holes have now been received,
with seven holes reported in this announcement, and 8 holes reported in the announcement dated 9 October 2024. The drilling was focused
on near surface mineralization <50m in depth and had two main objectives.
| 1. | The
first and primary objective was to infill and prove up near surface inferred resources that
define the up dip extension of the steep to vertical dipping RPM North high-grade core zone.
A new drill pad (Pad 24-1) was located between the two previous drill pads (Pad 1 and Pad
23-1) at RPM North to fill this data gap and prove up this high-grade material. Assay results
from Pad 24-1 including holes RPMRC-24005 to RPMRC-24008 announced previously, and now holes
RPMRC-009 and RPMRC-011 to RPMRC-016 continue to support this objective. |
| 2. | The
secondary objective of the shallow 2024 drill program was to extend drilling to the South
and Southwest of the current RPM North resource to begin to test a potential link with the
RPM Valley zone situated approximately 150m to the Southwest. Highly prospective mineralized
intrusive rocks have been observed in this area in recent geological mapping and confirmed
with anomalous surface sample results. The results returned from previously announced holes
RPMRC-24001 to RPMRC -24004 indicate the RPM North deposit remains wide open to the South-Southwest
and is potentially connected to the RPM Valley zone (Figure 1). This warrants further follow-up
diamond drilling to test the considerable resource upside potential. |
These
latest results continue to prove up areas of thick intervals of high-grade gold mineralization (+2g/t) within the existing RPM North
resource area, confirming the continuity of the high-grade bonanza core zone, as well as indicating the potential for significant extensions
to the existing resource. Representative cross-sections (Figures 2, 3, and 4) clearly show the latest drill holes intersecting up and
down dip continuity to mineralization outside of the current resource grade shell. This has the potential to significantly grow the resource
in the upcoming MRE update.
Geological
observations also indicate the mineralized intrusive unit is a steeply dipping funnel shaped body which flares out to have a wider footprint
near the surface where substantial up-dip potential remains.
In
the central core zone where the intrusive unit is thick and continuous the deposit remains wide open with further significant resource
upside potential, up-dip, down-dip, and throughout the intrusive, particularly to the South which remains largely untested
by drilling.
The
majority of the holes drilled in 2024 were collared in granodiorite intrusive rocks, the primary host of mineralization at RPM. The granodiorite-hornfels
contact was intercepted to the north from Pad 24-1 and to the south from Pad 23-1 where gold mineralization is encountered in both the
intrusive and the hornfels. The drillhole intersections as well as observed outcrop between these two drill pads consist entirely of
granodiorite crosscut by quartz-tourmaline-sulfide veins, with massive quartz zones of over 1-m thick hosting samples up to 291 g/t Au.
The holes announced in this release covered southeast (145) to southwest (250) azimuths and were comprised entirely of the mineralized
granodiorite intrusive with the exception of the bottom 15 meters of hole RPMRC-016 which ended in mineralized hornfels.
Figure
1. RPM North plan view with all drill holes to date
Figure
2. RPM North Section A-A’_250azi showing continuity of mineralization
Figure
3. RPM North Section B-B’_220azi showing continuity of mineralization
Figure
4. RPM North Section C-C’_145azi showing continuity of mineralization
Table
1. Significant intercepts*
| Hole_ID |
|
From
(m) |
|
To
(m) |
|
Interval
(m) |
|
Au
g/t |
| RPMRC-24009 |
|
1 |
|
47 |
|
46 |
|
1.9 |
| including |
|
1 |
|
40 |
|
39 |
|
2.1 |
| |
|
1 |
|
25 |
|
24 |
|
2.8 |
| |
|
7 |
|
9 |
|
2 |
|
14.4 |
| RPMRC-24011 |
|
2 |
|
20 |
|
18 |
|
2.6 |
| including |
|
14 |
|
21 |
|
7 |
|
3.3 |
| RPMRC-24012 |
|
3 |
|
41 |
|
38 |
|
1.9 |
| including |
|
3 |
|
36 |
|
33 |
|
2.1 |
| |
|
11 |
|
28 |
|
17 |
|
2.7 |
| |
|
22 |
|
27 |
|
5 |
|
5.8 |
| RPMRC-24013 |
|
0 |
|
34 |
|
34 |
|
1.4 |
| including |
|
14 |
|
34 |
|
20 |
|
1.5 |
| RPMRC-24014 |
|
0 |
|
24 |
|
24 |
|
2.1 |
| including |
|
3 |
|
8 |
|
5 |
|
3.0 |
| |
|
16 |
|
25 |
|
9 |
|
2.6 |
| RPMRC-24015 |
|
0 |
|
26 |
|
26 |
|
3.7 |
| including |
|
8 |
|
26 |
|
18 |
|
4.8 |
| |
|
19 |
|
24 |
|
5 |
|
14.0 |
| RPMRC-24016 |
|
0 |
|
39 |
|
39 |
|
5.4 |
| including |
|
0 |
|
25 |
|
25 |
|
8.2 |
| |
|
5 |
|
25 |
|
20 |
|
10.2 |
| |
|
12 |
|
24 |
|
12 |
|
15.3 |
| |
|
12 |
|
23 |
|
11 |
|
16.4 |
| |
* |
At 0.1
g/t Au cutoff and a minimum 10m width |
Table
2. Drill hole details
| Hole_ID |
|
UTM_E |
|
UTM_N |
|
ELEV
(m) |
|
EOH
(m) |
|
AZI |
|
DIP |
|
Assays |
| RPMRC-24001 |
|
501995 |
|
6848795.9 |
|
1772 |
|
31 |
|
180 |
|
-45 |
|
Reported
9/10/24 |
| RPMRC-24002 |
|
501991 |
|
6848802.8 |
|
1772 |
|
48 |
|
270 |
|
-60 |
|
Reported
9/10/24 |
| RPMRC-24003 |
|
501992 |
|
6848801 |
|
1771 |
|
42 |
|
210 |
|
-60 |
|
Reported
9/10/24 |
| RPMRC-24004 |
|
501993 |
|
6848802 |
|
1773 |
|
34 |
|
0 |
|
-90 |
|
Reported
9/10/24 |
| RPMRC-24005 |
|
501955 |
|
6848871 |
|
1743 |
|
45 |
|
70 |
|
-60 |
|
Reported
9/10/24 |
| RPMRC-24006 |
|
501955 |
|
6848869.6 |
|
1744 |
|
23 |
|
100 |
|
-50 |
|
Reported
9/10/24 |
| RPMRC-24007 |
|
501954 |
|
6848868.4 |
|
1746 |
|
16 |
|
130 |
|
-50 |
|
Reported
9/10/24 |
| RPMRC-24008 |
|
501954 |
|
6848868.7 |
|
1742 |
|
47 |
|
0 |
|
-90 |
|
Reported
9/10/24 |
| RPMRC_24009 |
|
501954 |
|
6848869.5 |
|
1746 |
|
47 |
|
145 |
|
-50 |
|
Reported
16/10/24 |
| RPMRC_24010 |
|
501954 |
|
6848869.5 |
|
1746 |
|
43 |
|
145 |
|
-70 |
|
Pending |
| RPMRC_24011 |
|
501954 |
|
6848870 |
|
1744 |
|
21 |
|
150 |
|
-50 |
|
Reported
16/10/24 |
| RPMRC_24012 |
|
501954 |
|
6848869 |
|
1743 |
|
40 |
|
160 |
|
-50 |
|
Reported
16/10/24 |
| RPMRC_24013 |
|
501953 |
|
6848870.1 |
|
1744 |
|
34 |
|
175 |
|
-50 |
|
Reported
16/10/24 |
| RPMRC_24014 |
|
501952 |
|
6848871 |
|
1745 |
|
24 |
|
190 |
|
-50 |
|
Reported
16/10/24 |
| RPMRC_24015 |
|
501953 |
|
6848870.2 |
|
1743 |
|
26 |
|
220 |
|
-60 |
|
Reported
16/10/24 |
| RPMRC_24016 |
|
501953 |
|
6848870.2 |
|
1744 |
|
39 |
|
250 |
|
-60 |
|
Reported
16/10/24 |
| RPMRC_24017 |
|
501954 |
|
6848869.9 |
|
1743 |
|
29 |
|
280 |
|
-70 |
|
Pending |
| RPMRC_24018 |
|
501956 |
|
6848868.9 |
|
1745 |
|
16 |
|
130 |
|
-50 |
|
Pending |
| RPMRC_24019 |
|
501955 |
|
6848869.8 |
|
1744 |
|
66 |
|
130 |
|
-70 |
|
Pending |
| RPMRC_24020 |
|
501957 |
|
6848869.4 |
|
1743 |
|
28 |
|
115 |
|
-60 |
|
Pending |
| RPMRC_24021 |
|
501956 |
|
6848870.2 |
|
1742 |
|
34 |
|
85 |
|
-70 |
|
Pending |
Qualified
Persons
Vannu
Khounphakdee, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic
consulting services. Mr. Khounphakdee holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least
5 years experience with this type of project. By reason of education, affiliation with a professional association, and past relevant
work experience, Mr. Khounphakdee fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data
QA/QC checks relevant to this announcement.
Hans
Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr.
Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering
with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects.
By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements
of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement.
Christopher
Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists,
and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained
herein. Mr. Gerteisen is a “qualified person” for the purposes of SEC Regulation S-K 1300.
Data
Verification
For
the 2024 reverse circulation drilling program, 1.52m chip samples were riffle split (dry) to obtain 3-5 kg samples at the drill site,
these samples were crushed to achieve >90% passing a 2mm sieve and split down to 225 g to 275 g samples at Nova’s on-site prep
facility. Samples were then sent to ALS Fairbanks for additional prep and chemical analysis. Field duplicates (RC) for recent data were
collected every 1 in 20 samples at the same time using the same method (riffle split) as the parent sample. Blank material was inserted
1 in 40 samples. Standard Reference Material (SRM) was inserted 1 in 20 samples. Three different SRMs at three different grades levels
were used.
ALS
is a certified commercial laboratory and is independent of Nova Minerals. Gold analyses were completed by Au-ICP21 which is gold by fire
assay and ICP-AES. For overlimits greater than 10 g/t Au analyses were completed by fire assay and gravimetric finish.
About
Nova Minerals Limited
Nova
Minerals Limited 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.
Further
discussion and analysis of the Estelle Gold Project is available through the interactive Vrify 3D animations (which will be updated for
the new drill data once the assays for all holes have been received back), presentations, and videos, all available on the Company’s
website. www.novaminerals.com.au
Forward
Looking Statements
This
press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,”
“could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,”
“plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar expressions, although not all forward-looking
statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject
to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based
on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully
in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and
Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes
no duty to update such information except as required under applicable law.
For
Additional Information Please Contact
Craig
Bentley
Director
of Finance & Compliance & Investor Relations
E:
craig@novaminerals.com.au
M:
+61 414 714 196
Nova Minerals (PK) (USOTC:NVAAF)
過去 株価チャート
から 11 2024 まで 12 2024
Nova Minerals (PK) (USOTC:NVAAF)
過去 株価チャート
から 12 2023 まで 12 2024
