NVA 2.13% 24.0¢ nova minerals limited

Ann: 1,290g/t Au Rock Sample Returned from Shoeshine, page-51

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    hi @danbradster. I had to talk to Chris about this as we are still only at the very early stages of looking at the antimony to firstly see how wide spread it is across the claims, from the exploration we have done this year and the re-examination of historical multi-element samples as we have been reporting the last couple of weeks, and also to investigate what grants/funding from the US govt might potentially be available to us to investigate and explore it more. The great thing is that the gold and antimony are coincident at Estelle so if we can get funding for drilling the antimony that drilling will also assay for gold and saves us funding the drilling from other sources meaning less dilution.

    To answer your question though, as we are only in that very early stage, we have not yet done any test work or flowsheet for the antimony so we don't know costings or recovery, but it would be processed as a concentrate of gold, antimony, silver and copper. Chris said that showing the gold equivalent values is the best indication we have at the moment of its value. Having said that, the best case to look at for gold/antimony recovery and costs would be to look at what Perpetua Resources https://perpetuaresources.com/ have done at their Stibnite Gold Project. They have completed a feasibility study on their project in December 2020 which can be found here if you are interested https://perpetuaresources.com/wp-content/uploads/2021/06/2021-01-27-feasibility-study.pdf Perpetua also recently received USD$40m in US Govt grants to advance their project and as announced previously we have appointed corporate advisors to assist us to see if any grants/funding might be available for Estelle as well.
 
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