Ann: Nova Corporate and Operational Update, page-17

https://www.goldinvest.de/aus-der-r...w-lake-resources-trifft-auf-enormes-interesse

A google translate version of the above link:

The weekend has brought some interesting news from the Australian Nova Minerals (WKN A2H9WL / ASX NVA) : A report on recent developments from the Gold and Lithium Explorer .

Amongst others, these news are characterized by successful financing measures of the company for the newly formed Canadian company Snow Lake Resources Ltd. It was possible to get around one million Canadian dollars into the company via a significantly oversubscribed start-up financing from investors. Nova Minerals intends to complete an additional flow-through financing of more than 3 million Canadian dollars by the end of the year. There is a strong demand and firm commitments come in, according to the company.

The "feedback" of the stock market is a positive news for the Australians. All in all, it is expected that IPO capitalization of 30 million Canadian dollars, according to the forecast of Nova Minerals. This is based on the current status of the Snow Lake Resources project. With the targeted progress in the planned exploration of the Nova spin-off on the Thompson Bros. lithium project in Canada, this capitalization could continue to increase.

Drilling work on the lithium project "Thompson Bros." is being prepared
The main focus is on the upcoming winter drilling program. Approximately 12,000 meters of total length to include the drilling on the Canadian lithium project. On the one hand, with the results from the exploration wells, Nova Minerals intends to match already existing JORC-compliant resource data with the requirements of the Canadian quality standard NI 43-101. The work is an important preparatory milestone for the project's planned preliminary cost-effectiveness calculation. On the other hand, exploratory drilling is to be carried out as part of the work.

The drilling permits for this are already available. First holes are to be sunk on the pegmatite "Sherritt Gordon". Currently, the logistical preparations for the project are under way, including the clearing of an area for the planned camp on Lake Wekusko in the Canadian province of Manitoba.
Also in terms of personnel, Nova Minerals has upgraded for the upcoming projects. With David Richardson and Lewis Lawrick, men with additional technological and management expertise join Snow Lake Resources. Richardson will join the Nova spin-off's new advisory board, while Lawrick will serve on the Board of Directors of Snow Lake Resources as a non-executive director. At Nova Minerals itself, Avi Geller will serve on the Board of Directors in the future. Geller previously served as Chief Investment Officer for Leonite Capital.