NVA 3.23% 16.0¢ nova minerals limited

Ann: New Gold-Antimony targets discovered at Estelle, page-29

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,155 Posts.
    lightbulb Created with Sketch. 1494
    Stibium -

    https://hotcopper.com.au/data/attachments/5653/5653104-b1efa131125ea1c745b2fabfd164d488.jpg
    For the soil samples, the antimony added an average of 0.09g/t AuEq to the gold assays. So that is the value of the by-product.

    Kingsgate in Thailand is marginally profitable from 0.5g/t ore for example, from multiple pits spread over 3km (largest pit soon to be 1km long). The by-product gets you almost 20% of the way to that grade.

    But actually, the soil samples averaged 2g/t Au, so the 0.09g/t AuEq Antimony on top added 4.5% to the grade. Stibium's samples run for 400m.

    So it's good grades (if soil samples are not so selective to be deceiving). (Somebody tell me if there are soil samples for Korbel or RPM, so I can compare to their drill results.)

    So it's a minor by-product, being 1/21 as valuable as the gold in this soil, unless they could find a big vein. Eg. Donlin, RPM North.

    So it's a minor by-product, unless finding a big vein. I guess antimony has potential for veins like gold does. But the soil seems to have more gold.


    Looks like Stibium was on their radar since 2019 at least. Trumpet was apparently not.
    https://hotcopper.com.au/data/attachments/5653/5653155-749f06db2816bc1ae1ea4f8f4e7aa1fe.jpg

    This other colour anomaly seems to be called Revelation, but got no attention recently -

    https://hotcopper.com.au/data/attachments/5653/5653160-bea5fe5df2b252b814937e78d8513dff.jpg

    Same thing occurs for GoldMiningInc

    https://hotcopper.com.au/data/attachments/5653/5653163-574f20a7673ee8695ce9e8580f1f1ae5.jpg
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
0.005(3.23%)
Mkt cap ! $43.50M
Open High Low Value Volume
16.0¢ 16.0¢ 16.0¢ $40.51K 253.2K

Buyers (Bids)

No. Vol. Price($)
2 28413 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 61 1
View Market Depth
Last trade - 10.08am 07/10/2024 (20 minute delay) ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.