Skip Navigation Links

Bookmark and Share
Nova Minerals Ltd (ASX:NVA) Thompson Brothers Lithium Project Resource Upgrade
The directors of Nova Minerals Limited (ASX:NVA) (QM3.F) (OTCMKTS:NVAAF) are pleased to announce a resource update at the Thompson Brothers Lithium Project through its majority owned subsidiary, Snow Lake Resources Ltd.


o Mineral Resource Estimate:

- Indicated Resource Estimate of 9.08 Mt @ 1.00 % Li2O using a 0.3 % Li2O cut-off grade and;

- Inferred Resource Estimate of 1.97 Mt @ 0.98 % Li2O using a 0.3 % Li2O cut-off grade.

o Canmine Consultants and ABH Engineering as Independent Consultants in support of Maiden SK 1300 MRE Report.

o Resource entirely from a single high grade lithium bearing pegmatite dyke partially outcropping at surface which remains open along strike and to depth.

o Resource represents less than 5% of the project area. Engage Brent Hilscher of DRA Global fast progressing PEA

Snow Lake Resource CEO, Mr. Phil Gross said:

This resource update represents a major milestone in achieving our ambitions of becoming North America's first fully sustainable, carbon neutral and fully traceable lithium supplier. To date the exploration budget has been relatively modest and with the current resource limited to 5% of our property footprint, Snow Lake has the potential of being leveraged into a world class lithium producer. As we enter the tipping point of vehicle electrification, we will be in a unique position to play an important role and fully integrate into the EV industry supply chain.

To view the Snow Lake Resources announcement, please visit:

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550

Disclaimer | Terms Of Use And Privacy Statement

© Metals News. All rights reserved.