Nova Minerals Limited’s (ASX: NVA) 37% owned Snow Lake Resources Ltd, d/b/a Snow Lake Lithium Ltd, has successfully completed over 20,000 m of additional drilling on the Snow Lake Lithium project in Canada.
The programme tripled 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.
“We look forward to the resource upgrade and development at our majority owned Thompson Brothers Lithium Project through Snow Lake Resources,” Nova CEO, Christopher Gerteisen, said.
“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.”
For further information please visit https://snowlakelithium.com
