Martin Place Securities - Research Report - 12-month target > $0.20
https://mailchi.mp/mpsecurities/dawes-points-nova-minerals-research-update
Key Points from BD's summary:
- Maiden 2.5Moz Inferred JORC Resource achieved in Sept 2019
- Resource size 181m tonnes @0.43g/t Au at 0.18g/t cut-off
- Korbel is a near-surface, large scale and low strip IRGS deposit
- Blocks A & B are open at depth and along strike
- Resources drilling program underway in early 2020
- Expect resource upgrade to double current resource base
- Follow up drilling on RPM target - 102m @1.04g/t Au
- Estelle tenement area extended by 85% to 220km2
- Tenements have 15 known gold prospects so far
- Estelle value could exceed $0.20/NVA share
Martin Place Securities - Research Report - 12-month target > $0.20
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