Thread by @ambulatus

1 - My thread on $NVA.AX $QTPRF @novaminerals planned 2020 exploration at Estelle.

Timely for #PDAC2020

Speculation on size of $gold resources in 2020.

Own DD encouraged!

Graphics based on $NVA.AX maps. Other data from recent announcements/videos.

asx.com.au/asxpdf/2020011…

@novaminerals 2 - $NVA.AX $QTPRF

First my summary map based on info from announcements.

- Current resource 2.5 Moz au inferred.
- Up to 23,500m drilling in 2020
- 1st Resource upgrade at Korbel by June
- Other $gold Resources October to December

@novaminerals 3 - $NVA.AX $QTPRF

Estelle hosts many prospects with sheeted vein-swarms. The mineralisation style is similar to Kinross Fort Knox and Victoria Gold Eagle deposits.

This means that deep-drilling guided by geophysics can be effective to rapidly define resources.

@novaminerals 4 - $NVA.AX $QTPRF

Korbel A&B

Deep-drilling to expand existing resource (2.5 Moz)
Agressive drilling pattern.
Guided by geophysics

Potential upgrade to 4 to 7 Moz by June?

@novaminerals 5 - $NVA.AX $QTPRF

Korbel C&D

Promising targets indicated by geophysics
Based on size of resource at A&B a potential 2 to 4 Moz resource at C&D by September?

@novaminerals 6 - $NVA.AX $QTPRF

RPM

Deep near-surface at 102m @ 1.04 g/t
4,000m drilling planned
(limited fieldwork to date)
Potential for 1 Moz+ by November?

@novaminerals 7 - $NVA.AX $QTPRF @novaminerals

Korbel A&B - currently 2.5 Moz $gold

My speculation on potential for 2020 ...
🔸Korbel A&B - 4 to 7 Moz ?
🔸Korbel C&D - 2 to 4 Moz ?
🔸RPM - 1 Moz + ?

Total 7 to 12 Moz $gold by December?

@novaminerals @threadreaderapp unroll

@novaminerals Correct total on this map 🙄 (7 to 12 Moz as above)

Notice also the performance milestones for the new CEO. I think this supports my thinking.

Important - he has experience on the Carlin Trend which is also disseminated gold.

asx.com.au/asxpdf/2020022…