NVA 2.70% 19.0¢ nova minerals limited

POG, page-237

  1. 5,768 Posts.
    lightbulb Created with Sketch. 1405
    For perspective, RPM-059 (uphill) passed beside the motherload (not through it) and got 396m @ 0.67g/t.

    https://hotcopper.com.au/data/attachments/5818/5818528-4b1c795cfe9b563b55a7ae27cb166aec.jpg

    RPM-065 (uphill) passed partially through the motherload. 314m @ 1.85g/t.
    https://hotcopper.com.au/data/attachments/5818/5818531-9957ba3d082ae073dcc2b6b88f2c8ac4.jpg

    And VG hole RPM-043 (from downhill, not passing through the motherload). 282m @ 0.6g/t
    https://hotcopper.com.au/data/attachments/5818/5818545-398ad44a572c030816c192d0d0998c48.jpg


    RPM South has highlights of 333m @ 0.9g/t and 344m @ 0.5g/t (but a lot of it too hard to access, deep under the mountain).

    Is Valley matched South's numbers, it would probably be a positive, as it's easier to access (the big Valley pit would include most of the full length of the drill hole holes, unlike South).

    Valley is assumed/inferred to go a fair way up toward surface, but not all the way, and not all the way up to the drill pad. (The inferred does not seem to assume the drills will have 300m intersections, but intersect 20m + 100m in 2 vertical zones - the yellow. Yellow being the 0.3g/t resource shell. There's a lot of assumptions in the inferred, so anything is possible though.)

    https://hotcopper.com.au/data/attachments/5818/5818583-5db271cf057098ce3df1a77177b88858.jpg

    I'm not sure what to expect from Valley. Eg. trending towards the red arrow, or towards the green (management assume the green, probably geology hinting at it eg. hole orientation showing the veins heading vertically).

    https://hotcopper.com.au/data/attachments/5818/5818598-d59e55ca0c252def923aa393d5f31978.jpg

    Hard to know whether we'll have holes with sporadic intervals or nice strong continuous holes. But the amount of red intersection in Valley (from 2 holes) is already quite competitive with South. So there might be some good grades there (but it needs to be shallower).


    https://hotcopper.com.au/data/attachments/5818/5818617-9d83a2f0b354214814c5e22eb16fc47b.jpg

    This is how much South has at shallow depth. That is the target to beat within the Valley pit design (that amount/density of green, yellow, orange, red). Valley pit is way bigger, so it needs enough intersection density to justify the stripping (to get to the deeps), but if having the density, then the big pit means a big resource.

    https://hotcopper.com.au/data/attachments/5818/5818624-71c8d2edd2ef486b1ef96f7590f22d19.jpg

    It's crazy that 1 pad at the center of the huge Valley pit will define whether Valley is a go (North/South are smaller pits, so 1-2 pads test a larger proportion of the pit). It's possible to find ore elsewhere in that huge pit with future pads, but the center of the pit is the most important right now, and the best place to test if only having time for 1 pad. 1 pad is still a big jump in data, from just the tail ends of 2 deep holes previously.
    https://hotcopper.com.au/data/attachments/5818/5818637-9cd1956a26ae7c710ac3ceddab881158.jpg



    The 3D model still seems to not be updated online. I think it's going to show: a very clear edge of North (dead holes to the left), but open uphill (consistent holes from uphill pad).

    https://hotcopper.com.au/data/attachments/5818/5818651-82ab5831b34c1b47dcfd21fd90e6ac8e.jpg

    There's a decent view in the presentation, but I can't rotate around it etc.
    https://hotcopper.com.au/data/attachments/5818/5818658-17b7cb9e81a794bb01279fa594d2d30f.jpg

 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $40.86M
Open High Low Value Volume
18.0¢ 19.0¢ 17.8¢ $63.16K 346.9K

Buyers (Bids)

No. Vol. Price($)
1 7633 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 93561 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.