Nova Minerals' Estelle project has 'all the hallmarks of a world-class gold district'

(via NewsDirect)

Nova Minerals Ltd (ASX:NVA) CEO Christopher Gerteisen speaks with Proactive following the release of a phase 2 scoping study for the flagship Estelle Gold Project in Alaska, US. It has revealed an impressive 11-month payback period and an internal rate of return (IRR) of 53%. Estelle’s resource estimate sits at 9.9 million ounces with 340,000 ounces at a 2.3 g/t gold cut-off originating from the RPM North deposit, which also holds a shallow, measured-category component of 180,000 ounces at a 4.1 g/t cut-off.

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