Nova Minerals Limited (ASX: NVA | OTC: NVAAF | FSE: QM3) has announced that the Rotor X Aircraft Manufacturing Company of Chandler Arizona has now completed a major milestone with the development and hundreds of unmanned test flights of its new fully electric eVTOL Dragon personal air vehicle (PAV).
Nova holds a 9.9% investment stake in Rotor X, which is partnered with US defense contractor Advanced Tactics. With this major milestone achieved, manned flights will now commence, with commercial delivery of the PAV beginning in September 2023.
“Drones are becoming part of our everyday life…and for mining particularly they already provide an opportunity to remotely control many mining activities,” commented Nova CEO, Christopher Gerteisen.
“The drones being developed by Rotor X take this a step further and are designed to transport heavy payloads such as tools, fuel, core samples, drills, and equipment remotely around the mine site from one area to another very quickly and much cheaper compared to expensive helicopters.”
The Dragon eVTOL Personal Air Vehicle (PAV) is a fully electric ultralight aircraft which will be sold as a quick build kit set and will not require a pilot’s license in the US to use. The aircraft, which will cost around US$90,000, has eight electric motors which can reach speeds of over 60mph, with a passenger weight of up to 250lbs and has a flight time of around 20 minutes, with batteries being able to be easily swapped out and re-charged in less than two hours.
Nova Minerals Limited is developing North America’s next major gold trend at its flagship Estelle Gold Project across a 35km long mineralized corridor of over 20 identified gold prospects, including two already defined multi-million-ounce resources across four deposits containing a combined 9.9Moz Au. The company voiced continued support in the technology company and enthusiasm at having heavy lifting drones for future mining operations.
For further information, please visit: www.novaminerals.com.au
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