Nova Minerals (Nasdaq: NVA) is a gold, antimony and critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant antimony deposits and was a historical North American Antimony producer.
Nova Minerals is positioned to capitalize on a significant opportunity with antimony at its Estelle Project. The antimony project represents a near-term revenue opportunity separate from Nova's potential large-scale gold operations at RPM and Korbel. With ongoing testing and exploration, Nova aims to establish itself as a key player in supplying antimony to the U.S. market, mitigating risks from global supply chain constraints—particularly in light of recent export restrictions from China, the world’s dominant antimony producer.
Recent fieldwork at Estelle has confirmed the presence of extensive high-grade stibnite (antimony) vein zones, with assay results from a previous discovery at Stibium showing 60.5% antimony (Sb) and 12.7 g/t gold over a 2-meter vein. Bulk samples of 2,500 kg and 500 kg have been collected from the Stibium and Styx prospects, respectively, and are currently undergoing metallurgical test work. This is a crucial step towards fast-tracking a stand-alone antimony production scenario, with Nova actively collaborating with the U.S. Department of Defense for potential grant funding.
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