Nova Minerals Limited (ASX:NVA) Snow Lake Lithium Prepares Lithium Resource Upgrade

Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) advises that 37% owned Snow Lake Resources Ltd, d/b/a Snow Lake Lithium Ltd (NASDAQ:LITM) ("Snow Lake" or the "Company"), today announced that the Company has successfully completed over 20,000 meters of additional drilling on the Snow Lake Lithium project, tripling the amount of drilling that can be used towards the Company's resource expansion plans scheduled to be completed this fall.

The incremental drilling marks significant advancement of the Company's ongoing drilling campaign and accelerates Snow Lake's path towards commercial production. Snow Lake is progressing on both its environmental and feasibility studies in parallel with the requisite metallurgical testing that is required to deliver resource validation.

NVA CEO, Mr. Christopher Gerteisen commented: "We look forward to the resource upgrade and development at our majority owned Thompson Brothers Lithium Project through Snow Lake Resources. Given the recent activity in the lithium market with higher prices and strong demand from the electric vehicle and battery storage markets the company is well positioned to capitalize on this demand."

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au