NVA 6.82% 20.5¢ nova minerals limited

Estelle Gold Camp and Tintina Gold Belt Fly-through (2019), page-8

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    The low strip-ratio will help with economics. That's pretty clear from the shape of the ore body and proximity to surface.

    Screen Shot 2019-11-03 at 7.30.56 pm.png
    That will allow a strip ratio of less that 1. Victoria Gold is 0.95 tonnes waste to every 1 tonne of ore.

    Screen Shot 2019-11-04 at 8.27.30 am.png

    A key issue in the failure of GCY was their very high strip ratio. 16 to 1 in Q1 of CY 2019. Plus they had a very patchy ore body ( very narrow zones of ore ).

    Screen Shot 2019-11-04 at 8.22.55 am.png

    Donlin gold project gas pipeline will run to the north of the property, so that's one solution for power. Water supplies for heap leaching won't be a problem in Alaska ( unlike gold projects in Western Australia and dry parts of South America ). Water is a key input for heap leaching which is the most economic way to process bulk-tonnage intrusive-related gold ore.

    Screen Shot 2019-11-04 at 8.30.28 am.png
 
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