NVA

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13.5¢ nova minerals limited

Ugh, that was hard to watch. Chris is so flakey.I am guessing...

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13/04/23

07:57

Post #: 67247514
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Originally posted by NovaMInerals2: ↑

Nova Minerals is here but we have been busy reading everyone's questions and preparing the interview below to answer as many as we can.

Firstly though I would just like to correct some mis-statements which have been posted on here.

The claim that the previous resource estimate was done by an employee of Nova is totally incorrect. While we could do the resource models internally if we wanted to, for integrity reasons we choose to ALWAYS use independent specialist geological modellers, who calculate the resource based on the best drill and other geological data available at the time, and so the derived resource is absolutely independent to the company.

As previously advised, the independent geologist who prepared the last resource model sadly passed away late last year and so we had to use a new independent modeller this year. Contrary to what some people may believe, the new geologist does not simply take the last geologist's model and update from that. They create a completely new model based on their interpretation of the best available data at the time of creating that model, which in the latest MRE included all the 2022 drilling results as well.

For further information as to why there have been changes to the inferred portions of the RPM and Korbel resources in the latest MRE please see the video below from Chris on Small Caps.

With the MRE update now complete and an additional 400 koz Au added to the indicated category, including the 340 koz @2.3 g/t Au high-grade M&I core suitable for a starter pit at RPM, we are now well on the way to completing the Phase 2 Scoping Study and look forward to presenting it to the market once its to complete to show the true value of the incredible asset that we have at the Estelle Gold Project.

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Ugh, that was hard to watch. Chris is so flakey.

I am guessing that the SP will drop below because of this.

NVA Price at posting: 30.0¢ Sentiment: Sell Disclosure: Not Held
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Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $36.71M

Open	High	Low	Value	Volume
14.0¢	14.0¢	13.5¢	$111.9K	812.7K

Buyers (Bids)

No.	Vol.	Price($)
16	959533	13.0¢

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Price($)	Vol.	No.
13.5¢	21998	2

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No.	Vol.	Price($)
15	889533	0.130
10	337777	0.125
5	301000	0.120
3	56794	0.115
1	10000	0.110

Price($)	Vol.	No.
0.140	114804	2
0.145	69400	3
0.150	50000	1
0.155	17500	1
0.170	68422	4

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Ugh, that was hard to watch. Chris is so flakey.I am guessing...

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ACCC seeks Olam divestments before it can buy Namoi Cotton

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