Additional broad zones of high-grade intersected at the RPM North prospect, planning now underway for a Maiden Resource in line with Nova strategy of unlocking the Estelle Gold

District (Figure 3)

Drilling at RPM returns impressive results including (refer Figure 1 & 2):

RPM-006

• 175m @ 1.3 g/t Au fr surface
• 144m @ 1.5 g/t Au fr surface
• 115m @ 1.8 g/t Au fr 14m
• 101m @ 2.0 g/t Au fr 34m
• 95m @ 2.1 g/t Au fr 34m
• 80m @ 2.4 g/t Au fr 37m
• 61m @ 2.9 g/t Au fr 56m
• 29m @ 3.1 g/t Au fr 56m
• 18m @ 4.5 g/t Au fr 99m
• 6m @ 10.3 g/t Au fr 56m
• 3m @ 17.2 g/t Au fr 108m

(RPM-006 returned an overall average grade of 1.0 g/t Au over 220m from surface within the RPM North mineralized zone)

RPM-004

• 259m @ 0.5 g/t Au fr surface
• 34m @ 0.7 g/t Au fr 205m
• 78m @ 0.8 g/t Au fr 287m
• 43m @ 1.0 g/t Au fr 287m
• 3m @ 2.4 g/t Au fr 290m

(RPM-004 returned an overall average grade of 0.4 g/t Au over 405m from surface within the RPM North mineralized zone)

These results complement the impressive results that demonstrated the high-grade nature of the prospect from surface, released on 11 October 2021:

RPM-005

• 373m @ 3.8 g/t Au fr 7m
• 287m @ 4.8 g/t Au fr 7m
• 241m @ 5.7 g/t Au fr 7m
• 187m @ 7.3 g/t Au fr 34m
• 153m @ 8.8 g/t Au fr 68m
• 132m @ 10.1 g/t Au fr 89mo
• 123m @ 10.8 g/t Au fr 95m
• 98m @ 12.6 g/t Au fr 95m
• 86m @ 14.1 g/t Au fr 123m
• 3m @ 32.8 g/t Au fr 181m
• 2.6m @ 35.6 g/t Au fr 128m
• 2.4m @ 41.8 g/t Au fr 125m
• 2.4m @ 50.3 g/t Au fr 161m
• 3m @ 97.8 g/t Au fr 169m

(RPM-005 returned an overall average grade of 3.5 g/t Au over 400m from surface within the RPM North mineralized zone)

RPM-002

• 128m @ 1.0 g/t Au fr 31m
• 42m @ 1.5 g/t Au fr 74m
• 12m @ 2.0 g/t Au fr 102m
• 6m @ 2.7 g/t Au fr 108m
• 3m @ 3.0 g/t Au fr 86m
• 3m @ 4.1 g/t Au fr 108m

(RPM-002 returned an overall average grade of 0.6 g/t Au over 274m from surface within the RPM North mineralized zone)

RPM-001

• 37m @ 1.0 g/t Au fr 224m
• 6m @ 4.2 g/t Au fr 224m
• 3m @ 7.0 g/t Au fr 227m

(RPM-001 returned an overall average grade of 0.3 g/t Au over 326m from surface within the RPM North mineralized zone)

o Historical (2012) diamond drill hole SE12-008 re-sampled returned results of (ASX:17 September 2019):

• 177m @ 0.8g/t fr 4m incl.120m @ 1.0g/t fr 26m and 50m @ 1.8g/t fr 75m

High-grade reconnaissance rock chip samples define an expanded footprint of high priority North and South zone targets within the RPM Prospect (ASX: 22 October 2020)

• Rock samples included high-grade gold results: 291 g/t, 103 g/t, 13.1 g/t, 9.3 g/t, 9.0 g/t, 8.8 g/t and 5 g/t

2021 maiden drill program completed at RPM with all rigs moved back to Korbel Main to continue drilling for the upcoming MRE update

NVA CEO, Mr. Christopher Gerteisen commented: “These latest results at RPM North further confirm the discovery of another massive Intrusive Related Gold System within the Estelle Gold Project. Nova now has two: Korbel and RPM, and we believe there are many more to come as we continue to unlock the district (ASX: 20 September 2021 and 23 September 2021). The Company recently reported Bonanza Grades at RPM North Including 132m @ 10.1 g/t Au (ASX: 11 October 2021). These broad zones of extremely high-grade are believed to be just a glimpse of the geological potential at RPM. The mineralization at RPM is hosted along the intrusive contact with hornfels sediment country rocks. This contact zone appears be an ideal structural corridor where the important litho geochemical reactions are focused, enabling high-grade gold deposition. It is encouraging that we can follow these intrusive contacts in mapping for quite a distance along strike at RPM North and at the RPM South zone. RPM remains wide open, and we are confident in further intersecting this high-grade zone by stepping out in a series of 200m spaced lines to the west of holes RPM-005 and 006 as a priority in the next phase of drilling.

The continuity and tenor of these drilling intersections at RPM are certainly world-class by any measure. We are now in a position to send all of the data to independent consultants to prepare our Maiden Inferred Resource for RPM north.

We are now designing the next phase of drilling programs to commence as soon as possible in 2022, where we plan to have at least 2 drill rigs at RPM to follow up the RPM North Zone and begin to target what looks to be the much larger RPM South Zone which may converge at depth.

This intrusive-hornfels contact zone seems to be a critical site for hosting super high-grade gold mineralization, so we will also be employing the same ore deposition model at the Korbel deposit which currently is hosted entirely within the intrusive, but several similar contact zone targets have already been identified and will be followed up as a matter of priority. Korbel is already a very large bulk IRGS system in its own right, so adding a few extra high-grade sweetener zones would be an added bonus in a mining scenario (figure 3).

The drill program at Korbel will continue at full pace into the foreseeable future, and we look forward to bringing shareholders results as they become available. In time, we expect to define multiple new shallow gold resources that will further support our goal of aggressively growing the resource inventory as we continue to move towards gold production at the Estelle Gold Project. Remember, we are on the fast-track towards production, that is our goal. We currently have 4.7Moz at the Korbel Main deposit which is expected to grow and the RPM maiden resource is to be added in the short term, representing just the beginning of our Estelle journey with our global resource base set to increase significantly in Q4 this year.”

Nova Minerals Limited (ASX: NVA, OTC: NVAAF, FSE: QM3) is pleased to announce Further high-grade extensions at RPM North at RPM, within the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt.

Disclaimer: Nova Minerals is a paid marketing client*

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