NVA 3.23% 16.0¢ nova minerals limited

Ann: Quarterly Activities Report and Appendix 5B - 30 June 2021, page-105

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    It feels like a lot of people complaining that we need to infill drill and get M & I as soon as possible haven't taken the time to note that this is exactly what is happening. Even better, the first of our infill results is affirming the resource or better. My personal opinion is that our inferred resource with the fanned drilling is very conservative and that the infill drilling can now be better targeted to the intersect the orientation of the veining. Please note I am still an advocate of their initial approach with the fan drilling, the main reason they did this was capital management. Prepping extra drill pads and extra drill rig moves in difficult terrain adds significant costs. The fan approach proved the principal and brought the 20m raise to the table as cost effectively as possible IMO. I don't think most people realise just how savvy these guys are at running a drill program.
 
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