Annuncio • Apr 15
Nova Minerals Limited Announces Significant New Gold Anomaly At Portage Pass Nova Minerals Limited announced assay results from its 2025 surface sampling program in the Portage Pass area of its flagship Estelle Gold and Critical Minerals Project, located within Alaska’s prolific Tintina Gold Belt has identified a new broad zone of gold mineralization 2.5km from Korbel. Potentially significant new gold anomaly defined at Portage Pass from field observations and 2025 surface assays. Geochemical signature comparable to the multi-million ounce Korbel gold deposit across the ridgeline to the north, with mineralization appearing more consistent and higher grade. Strong potential for valley-scale extension analogous to the exploration pathway that led to the Korbel discovery. Anomaly supported by seven rock samples grading >2 g/t Au including a high of 14.3 g/t Au, and 10 soil samples grading >0.5 g/t Au with a peak of 1.8 g/t Au discovered along the ridgelines above the Portage Creek valley floor. 2026 soil sampling program planned, with a follow-up IP geophysical survey to be undertaken in line with the exploration approach that led to the Korbel discovery. During the 2025 field season, Nova’s geologist team undertook an extensive surface exploration mapping and sampling program across three main areas of the Estelle Project comprised of over 30 traverses covering 75-line kilometers, 430 soil samples, 170 rock samples, and 26 stream sediment samples. Assay results from recent rock and soil sampling have outlined a newly developing large-scale gold-copper system at West Wing. Surface results from the RPM regional and ridgeline areas, including high-grade RPM-style gold assays of up to 24.6 g/t Au, have identified new drill targets at RPM. Assay results from recent rock and soil sampling have identified a significant new gold anomaly at Portage Pass. All results from 2025 soil and rock sampling across the project district have now been reported. 139 soil samples and 68 rock samples were collected along traverses in the central portion of the claim block between Korbel and Stoney/West Wing. A moderate grade anomaly is developing in the headwaters of Portage Creek with 23 soil samples greater or equal to 0.2 g/t Au, including 10 soil samples greater or equal to 0.5 g/t Au. 11 rock samples primarily focused on the Estelle pluton granodiorite are greater than 1.0 g/t Au, including 5 greater or equal to 4 g/t Au and a high of 14.3 g/t Au. The anomalies were identified across two separate traverses of approximately 3.5km and 2.8km, highlighting the potential for this moderate-grade mineralization to extend into the valley in a manner comparable to the Korbel deposit, located immediately north across the ridge. Notably, mineralization identified in talus fines and base of outcrop samples above the Portage Pass valley appears more consistent and of slightly higher grade than that observed at Korbel. A detailed soil sampling grid is planned across the valley in 2026. Subject to the results, a ground-based induced polarization (IP) geophysical survey will be undertaken, following a similar exploration pathway to that which led to the discovery at Korbel. Material PFS test-work results as they become available. Airborne geophysical surveys to commence in the spring of 2026. Antimony phase 1 project updates. Metallurgical test work ongoing. Environmental test work ongoing. West Susitna access road updates. Updated MRE. Updates on the company redomiciliation to the US. Vannu Khounphakdy, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic consulting services. Mr. Khounphakdy holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least 5 years experience with this type of project. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Khounphakdy fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data QA/QC checks relevant to this announcement. Hans Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr. Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement. Christopher Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists, and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Gerteisen is a qualified person for the purposes of SEC Regulation S-K 1300. Annuncio • Apr 14
Nova Minerals Limited Appoints Ashlie Thorburn as Chief Financial Officer, Effective April 20, 2026 Nova Minerals Limited announced the appointment of Ms. Ashlie Thorburn as Chief Financial Officer (CFO), commencing April 20, 2026. Ms. Thorburn is an accomplished finance executive with more than 20 years’ experience in senior financial leadership roles, primarily within the mining industry across both publicly-listed and private companies. She brings extensive expertise in SEC, TSX and ASX reporting, alongside deep capabilities in financial reporting, audit and compliance, corporate governance, investor relations support, and engagement with boards and audit committees. Ms. Thorburn has also played key roles in debt and equity financings, corporate strategy, and transactions, including public listings and mergers and acquisitions. Most recently, Ms. Thorburn served as the U.S. Finance Lead at Southwest Critical Materials, where she was responsible for acquisition integration, budgeting, treasury management and private equity reporting. Prior to this, she was a Senior Manager at Armanino Advisory, advising on finance transformation, public company readiness and technical accounting matters. Her earlier experiences include senior roles such as Vice President, Controller at Hycroft Mining Holding Corp., where she supported the company’s transition to a public entity and enhanced financial reporting processes, as well as multiple Controller and Corporate Controller positions with a strong track record in strengthening internal controls and supporting early-stage high-growth organizations. Ashlie brings a strong track record in the mineral resources sector, with deep expertise in project financing, capital allocation, and cost control across the mining lifecycle. Her experience includes financial modelling for feasibility studies and mine development, and the implementation of robust reporting frameworks aligned with industry standards. She also has significant experience managing funding strategies for exploration and development assets. Importantly, Ashlie brings extensive experience in U.S. capital markets, including SEC reporting and compliance, financial disclosures, and internal controls. Her background includes oversight of periodic filings, adherence to regulatory requirements, and engagement with U.S.-based institutional investors. This expertise will be instrumental as they continue to strengthen their governance framework and expand their presence in U.S. capital markets as a U.S. domiciled company. Annuncio • Mar 10
Nova Minerals Limited Announces Further High-Grade Gold Discovered At RPM Nova Minerals Limited (“Nova” or the “Company”) announced assay results from its 2025 surface sampling program in the RPM regional and ridgeline area of the Company’s flagship Estelle Gold and Critical Minerals Project, located in the prolific Tintina Gold Belt in Alaska. Highlights: Field observations and 2025 surface assays have identified new gold anomalies emerging to the west of RPM and along the northern end of the main RPM ridgeline; Anomaly highlighted by: Three rock samples grading >10 g/t Au including a high of 24.6 g/t Au (Table 1), and three soil samples grading >1 g/t Au with a peak of 5.5 g/t Au; These results build on earlier surface reconnaissance along the RPM ridge line, which previously returned 20 rock samples > 1.0 g/t Au, with a high of 52.3 g/t Au, and 11 soil samples > 0.5 g/t Au, with a high of 4.8 g/t Au; The RPM ridgeline is slated as a high-priority drill target for 2026 as the Company aims to identify the next high-grade pod similar to RPM North. 2025 Estelle Surficial Reconnaissance Program: During the 2025 field season, Nova’s geologist team, led by General Manager and geologist Mr. Hans Hoffman, undertook an extensive surface exploration mapping and sampling program across three main areas of the Estelle Project comprised of over 30 traverses covering 75-line kilometers, 430 soil samples, 170 rock samples, and 26 stream sediment samples. As a result of that program and reported to date: Assay results from recent rock and soil sampling have outlined a newly developing large-scale gold-copper system at West Wing; Surface results from the RPM regional and ridgeline areas, including high-grade RPM-style gold assays of up to 24.6 g/t Au, have identified new drill targets at RPM, as outlined in this announcement. Further results from 2025 soil and rock sampling across the project district will be reported by area as they are received and processed in the coming weeks. RPM Regional and Ridgeline: Additional sampling was conducted at the northern end of the main RPM ridge as well as along spur ridges 2-3km west of there. At the northern end of the main RPM Ridge, nine soil samples were greater than 0.2 g/t Au, including five greater than 0.4 g/t Au, and a high of 1.6 g/t Au. At this same location, four rock samples were greater than 1.0 g/t Au with a high of 11.7 g/t Au. These samples were collected primarily in granodiorite which was discovered in the creek drainage below the hornfelsed ridges above. Two to three kilometers to the west a season high 24.6 g/t Au quartz-sulfide vein in felsic intrusive was discovered along a spur ridge as well as a 14.6 g/t Au rock sample of sedimentary rock in a drainage just below there. No felsic intrusive had been previously noted in this region. Five soil samples collected in the vicinity were greater than 0.3 g/t Au with high of 1.0 g/t Au. Sampling in this area is relatively sparse and warrants follow-up in 2026. Annuncio • Mar 03
Nova Minerals Limited Confirms New Gold-Copper System Developing at West Wing Nova Minerals Limited announced assay results from its 2025 surface sampling program in the West Wing area within the Company's Estelle Gold and Critical Minerals Project (Estelle or the Project), located in the prolific Tintina Gold Belt in Alaska. Field observations and 2025 surface assay results have delineated a gold-copper anomaly at West Wing measuring approximately 1,500m by 800m. Anomaly supported by: Seven rock samples grading >3 g/t Au including a high of 15.5 g/t Au, and 16 soil samples grading >1 g/t Au with a peak of 3.8 g/t Au, and; These results build on earlier surface reconnaissance at West Wing, which returned rock samples of up to 25.8 g/t Au. During the 2025 field season, Nova's geologist team, led by General Manager and geologist Mr. Hans Hoffman, took an extensive surface exploration mapping and sampling program across three main areas of the Estelle Project comprised of over 30 traverses covering 75-line kilometers, 430 soil samples, 170 rock samples, and 26 stream sediment samples. As a result of that program and reported to date: Assay results from recent rock and soil sampling have outlined a newly developing large-scale gold-copper system at West Wing. Annuncio • Feb 04
Nova Minerals Limited Announces Resignation of Michael Melamed as CFO, Effective 30 April 2026 Nova Minerals Limited announced that as part of the company’s corporate reorganization, Mr. Michael Melamed has provided three months’ notice that he intends to resign from his position as CFO, effective 30 April 2026, to give the company time to identify a suitable replacement. Mr. Melamed has served as CFO since July 2015 and oversaw the company’s financial management and reporting during a significant growth phase, including the advancement of Estelle. Annuncio • Jan 27
Nova Minerals Limited Announces Resignation of Executive Director Louie Simens, Effective January 27, 2026 Nova Minerals Limited advised that Mr. Louie Simens has resigned as an Executive Director of the Company, effective January 27, 2026, for personal reasons. Mr. Simens was appointed to the Board on December 19, 2017 and has served the Company in various capacities, including as interim Executive Chairman during key periods of advancement of the Estelle Gold and Critical Minerals Project and other strategic initiatives. Annuncio • Jan 21
Nova Minerals Limited Confirms Higher-Grade Starter Pit Potential Within the 4.05 Moz Pit-Constrained Korbel Gold Deposit Nova Minerals Limited announced that Technical Report Summary on the Estelle Gold Project, Alaska, USA, with an effective date of January 31, 2024. The S-K 1300 compliant pit-constrained resource at a USD 2,000/oz gold price as per the S-K 1300 Initial Assessment. Technical Report Summary on the Estel Gold Project, Alaska, USA., with an effective date of January 30, 2024. This press release reports the S-K 1300 pit-constrained resource, while the ASX announcement reports the JORC global resource. Drill results from Stibium; Further results and potential new discoveries from the 2025 surface exploration mapping and sampling program; Material FS test-work results as they become available; Updated MRE; Winter trail mobilization of heavy equipment; Airborne geophysical surveys to commence in the spring of 2026; Antimony phase 1 project updates; Metallurgical test work ongoing; Environmental test work ongoing; West Susitna access road updates. Qualified Persons: Vannu Khounphakdee, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic geologic geologic geophysical surveys and sampling program; and Updated MRE; Winter trail mobil of heavy equipment; Airborne Geophysical surveys to commence in the Spring of 2026; and Antimony phase 1 project updates. Metallurgical test work ongoing. Environmental test work ongoing; WestSusitna access road updates. Annuncio • Jan 13
Nova Minerals Limited Announces Further Drill Results from RPM Valley Deposit Nova Minerals Limited announced further drill results from the RPM Valley deposit with the 2025 closely spaced infill results returning multiple broad intercepts >1 g/t Au, and visible gold observed in an Estelle Project record intercept of 0.5 m @ 364 g/t Au, within the Company's Estelle Gold and Critical Minerals Project, located in the prolific Tintina Gold Belt in Alaska. Further drill results will be released once received and validated under Nova's QA/QC procedures, after which an updated Mineral Resource Estimate (MRE) will incorporate results from the 2023-2025 drill programs. With all assays now received from the 2025 RPM infill and step-out drilling program, expect these results to positively inform the next mineral resource update. With a number of near-term milestones ahead and a strong pipeline of exploration targets across the broader project area, RPM Valley continues to demonstrate its potential as a key growth asset for Nova. A total of 10 holes were drilled at RPM Valley in 2025, designed to: Conduct infill drilling at the RPM Valley deposit to increase the confidence of the resource. The latest diamond core drill results continue to increase resource confidence at the RPM Valley deposit. It was set at a 040 degree azimuth and a -60 degree dip and missed the valley intrusion, but intersected the bottom of the RPM North granodiorite. Annuncio • Jan 07
Nova Minerals Limited's RPM North Drilling Confirms Further Resource Upside with East Extension Discovery Nova Minerals Limited announced 2025 drilling extends the halo around the high-grade core zone at RPM North with further broad intercepts and a new eastern discovery. RPM Valley results from the high-grade zone expected shortly. Broad near-surface gold intersections continue at RPM North, with the 2025 drill program confirming the eastern strike extension and infill results expected to support potential upgrades to the existing Measured and Indicated Mineral Resources at the main deposit, in support of the Feasibility Study (FS). Significant results include: RPM-080; 180m @ 0.7 g/t Au from 4m, including; "Technical studies and optimization work are progressing to advance the project towards commercial production, and will keep shareholders informed as relevant studies are completed to realize further value from the Estelle Gold and Critical Minerals Project". A total of seven diamond core holes were drilled at RPM North in 2025, designed to: Follow-up previous drilling to the East, where hole RPM-004 intersected 259m @ 0.5 g/t Au from surface. Conduct infill drilling at the main RPM North deposit to increase resource confidence; Add definition to the southern boundary of the ore zone; Test the connection with RPM Valley to the west. The latest diamond core drill results continue to increase resource confidence at RPM North, as well as adding new resource potential to the east. RPM North has exciting resource upside to the east, where drill holes RPM-004, RPM-068, and RPM-070 show extensive intervals of moderate-grade gold hosted in the Kahiltna flysch sedimentary rocks. Annuncio • Dec 19
Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $20.000289 million. Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $20.000289 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 2,928,300
Price\Range: $6.83
Discount Per Security: $0.4098 Annuncio • Dec 18
Nova Minerals Limited has filed a Follow-on Equity Offering. Nova Minerals Limited has filed a Follow-on Equity Offering.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock) Annuncio • Oct 28
Nova Minerals Limited Commences Key Mining and Processing Equipment Procurement to Expediate Antimony Production Nova Minerals Limited announced that the company is well positioned as the sole emerging, fully integrated U.S. antimony producer. 2025 drilling and surface sampling programs have been completed with all assays pending. An updated Mineral Resource Estimate (MRE) will commence once results are received, aimed at further expanding and defining Nova's multi-million ounce gold resource base. All equipment is scheduled for delivery in the coming months, ahead of transportation to site via the snow road in January 2026. Equipment purchases include two ore sorters, following successful ore sorting test work which demonstrated strong potential for onsite recovery and upgrading of antimony ore. The forthcoming Mineral Resource Estimate update is expected to further demonstrate the scale and quality of Nova's growing gold and antimony portfolio in Alaska. Annuncio • Sep 08
Nova Minerals Limited, Annual General Meeting, Nov 11, 2025 Nova Minerals Limited, Annual General Meeting, Nov 11, 2025. New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$110.4m market cap, or US$71.0m). Annuncio • Aug 07
Nova Minerals Limited Announces Results from the Styx Antimony Ore Sorting Test Work Program Nova Minerals Limited announced that 500kg bulk ore sorting test work on Styx sample demonstrated positive results from a single pass yielding high antimony recovery of 60.3% in 26.1% of the mass, at a grade of 35.2% Sb (49.1% Sb2S3) - a 2.3 times upgrade from the feed grade 15.2% Sb (24.5% Sb2S3). Gold is beneficially rejected to the antimony ore sorting tail. Test work results demonstrate a gold recovery of 52.5%, upgrading the grade from 1.90 g/t Au to 2.99 g/t Au - an increase of 57.4% which demonstrates a strong potential for synergy between antimony and gold processing circuits at the Estelle Project. The test work confirms that an upgraded, saleable antimony ore concentrate can be produced for further processing, with Nova continuing to explore options to establish a U.S. domestic supply chain for antimony in Alaska. Beneficiation and purification test work are underway to develop and refine the rest of the downstreamflowsheet. Western Defense Supply Chains Under Pressure -- Nova's high-grade antimony discoveries at Estelle offer a potential strategic U.S. solution. With Styx and Stibium now confirmed as high-grade, near-term development prospects, and U.S. government engagement well underway through DIBC membership and DoD grant applications, Nova is fast-tracking a solution to the critical antimony supply gap. Ore Sorting Test Work Results: Nova and METS Engineering (METS) partnered with Steinert Mining (Steinert) to evaluate the amenability of the Estelle ore body to sensor-based ore sorting test. The results from the bulk test demonstrated the Estelle antimony ore is amenable to ore sort upgrading with an XRT algorithm. China's export restrictions on critical minerals have intensified pressure on Western defense supply chains, particularly for antimony -- an essential material in munitions, electronics, and other strategic applications. Nova's Estelle Gold and Critical Minerals Project in Alaska has emerged as a potential U.S.-based solution, delivering high-grade antimony results from surface samples at numerous prospects across the project area. Mr. Connelly has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves and as Qualified Person as defined in Securities Act of 1933, as amended (S-K 1300). Annuncio • Aug 04
Nova Minerals Limited Achieves High Gold Recoveries at RPM Nova Minerals Limited announced that High pressure grinding rolls (HPGR) crushing test work is in progress to further optimize the flowsheet and provide power cost efficiencies in the PFS. The ability to extract up to 68.7% gold recovery from lower-grade material through heap leaching, combined with a 4.33 times upgrade using ore sorting technology, is a significant technical breakthrough, in opinion. These results underscore the economic potential through innovative processing methods as continue to refine development pathway. These preliminary results strengthen the belief that Estelle is a potential world-class, long-life gold district capable of delivering sustained value to shareholders. Nova remains focused on delivering the next major North American gold mine, and these latest results from RPM bring another step closer to achieving that vision. Particle density X-Ray Transmission (XRT) ore sorting is a proven technology which has been successfully implemented as part of the pre-treatment concentration process in many mines around the world. X-rays are used to examine the density of the rock being sorted in order to separate a target mineral, ore or element from waste prior to the haulage, crushing and processing mining stages. Test work at Steinert was conducted in 2 stages with sighter test work undertaken followed by a large 1,000 kg bulk test. The result from the bulk test program demonstrated the Estelle RPM ore is amenable to ore sort upgrading with a XRT and 3D-laser combination algorithm. Cumulative gold recovery (%), mass pull (%) and grade (g/t) for the Estelle RPM gold bulk sample.ap leaching is a low capital and operating cost alternative to conventional mill processing techniques for gold recovery from lower grade ore sources. This has the potential to significantly increase the gold production from the project. Table 1 presents the results of the column leach test work which shows that at an achievable crush size of 3.35 mm after 59 days of leaching 68.7% gold extraction can be achieved from RPM low grade ore. Annuncio • Jul 21
Nova Minerals Limited Ramps Up Drilling At RPM Nova Minerals Limited announced that the 2025 drilling program has commenced at the high-grade RPM deposit, with two diamond drill rigs and one reverse circulation (RC) rig operating during all daylight hours, currently around the clock under Alaska's continuous daylight. Initial geological observations from the first drillholes are highly encouraging and showing similar characteristics to those previously encountered at RPM North. The RC rig has successfully demonstrated its capability to drill through glacial till, with the first hole achieving 30 meters of penetration within just a few hours. Significant resource upside exists within the highly mineralized valley-fill material, which is believed to be derived from erosion of the high-grade RPM North deposit, where a >1g/t gold-in-soil anomaly extending over 1.7km has been identified, with estimated mineralized thickness of nearly 40 meters. Further exploration mapping and sampling, environmental baseline studies, access road projects, and various technical studies are also underway as part of the ongoing PFS. Progress continues on the potential U.S. Department of Defense grant to fast-track development of the Antimony Project, with the Company anticipating an update in the near term. The first drillhole into the RPM Valley zone has already delivered some of the most promising sulfide mineralization and quartz veining observed at RPM to date. RC drilling program is also performing well, rapidly penetrating glacial till and confirming its effectiveness in testing the mineralized valley-fill material derived from RPM North. This material, averaging over 1g/t gold across surface samples, extends for approximately 1.7 kilometers with estimated thickness nearly 40 meters -- offering substantial potential for near-surface resource upside. Drilling activities at RPM are progressing at full pace, and expect to receive assay results in the near term. Annuncio • Jul 15
Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $11.1 million. Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $11.1 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 1,200,000
Price\Range: $9.25
Discount Per Security: $0.6475 Annuncio • Jun 24
Nova Minerals Limited Appoints Chaim (Dovi) Berger as an Independent Non-Executive Director, Effective 1 July 2025 and to Appoint to the Audit & Risk Committee and the Remuneration & Nomination Committee Nova Minerals Limited announced that Mr. Chaim (Dovi) Berger has been appointed as an Independent Non-Executive Director with effect from 1 July 2025. Mr. Berger is a U.S.-based finance and legal executive with over 10 years of experience structuring and closing complex transactions. He brings a cross-disciplinary background in corporate law, accounting, taxation, and M&A, coupled with hands-on operational experience in high-growth businesses. Mr. Berger has a proven track record in executing strategic acquisitions, ensuring regulatory compliance, and implementing enterprise-wide financial controls, while leading and mentoring cross-functional teams. He is an admitted attorney and Certified Public Accountant (CPA). Mr. Berger will be appointed to the Audit & Risk Committee and the Remuneration & Nomination Committee. Annuncio • Jun 11
Nova Minerals Limited Commences Antimony-Gold Drilling At Its Stibium Prospect Nova Minerals Limited advised that drilling has commenced at its highly prospective Stibium prospect targeting both gold and antimony mineralization. The first diamond drill rig is now operational, with a second diamond rig and the Company-owned RC rig currently being mobilized and scheduled to begin drilling later in June. A maiden 3,000m diamond drill program is now underway at the Stibium prospect located in close proximity to Nova's Whiskey Bravo camp and the bulk tonnage Korbel gold deposit. The first drill hole is designed to test a potential high-grade gold-antimony zone, delineated through extensive surface sampling. Surface sampling has confirmed a significant mineralised footprint, approximately 800 metres long and 400 metres wide, with standout results including: 12 rock samples > 30% Sb with a high of 60.5% Sb; 10 soil samples > 0.1% Sb with a high the 2.8% Sb; 16 rock samples > 5 g/t Au with a high of 141 g/t Au; 35 soil samples > 1 g/t Au with a High of 25.6 g/t Au; A second diamond drill rig, along with the Company-owned reverse circulation (RC) rig, is currently being mobilized and is scheduled to commence drilling later in June. Nova's application for potential U.S. Department of Defense (DoD) funding to fast track its antimony assets from mining to refining has continued to progress and if successful, upon receipt of such grant funds the Company intends to: Add further diamond drill rigs to this year's exploration program; Develop a antimony metallurgical processing hub at Port Mackenzie, Alaska. Annuncio • May 30
Nova Minerals Limited Outlines Estelle 15,000m Exploration and Project Advancement Plan Nova Minerals Limited announced that preparations are now well underway for the upcoming field season at its over 500km Estelle Project located in the Tintina Gold Belt in Alaska. A 15,000m drill program is set to commence shortly which will focus on key targets at RPM, Stibium, and Korbel. Helicopters, pad building crews, drillers, and geologists are now onsite to commence preparations for the 2025 field program, with drilling expected to commence in the coming weeks. The 2025 field campaign will concentrate on infill and expansion drilling at RPM and Korbel, supporting the advancement of feasibility studies and streamlining the permitting process. Initial drilling will also commence at the Stibium prospect, where surface sampling programs have identified an extensive 800m long by 400m wide gold-antimony rich zone with results up to 141 g/t Au and 60.5% Sb (ASX Announcement: 14 January 2025), aiming to establish a maiden mineral resource estimate for both gold and antimony. A comprehensive multi-element surface sampling exploration program will be carried out across the broader Estelle project area. Pending a successful outcome of its funding application, the Company intends to deploy additional diamond drill rigs to expand the 2025 drilling program. This would allow for extended drilling at the Stibium prospect and the potential commencement of initial drill testing at the highly prospective Styx target. A majority of the drilling undertaken this year will be assayed for gold, antimony, and a suite of multi-elements, with results to be released to the market progressively as laboratory assays are received. To ensure cost efficiency, the 2025 drilling campaign will utilize two diamond drill rigs alongside the Company-owned reverse circulation (RC) rig. Adjustments will be made as needed based on initial drill core observations as the campaign advances, and additional diamond drill rigs will be added if the Company is successful in its application for U.S. Department of Defense funding to fast track its antimony assets. The hornfels/intrusive contact hosts a bulk of the high-grade mineralization encountered at RPM, and testing this eastern extent will follow an observed fault zone that appears to be the primary pathway for late-stage mineralization at RPM. Upgrade the measured and indicated resources at the main RPM deposit and test intrusive dikes to the south. Continue to expand the RPM resource in the valley to the west, by targeting the targeting the hornfels/intr intrusive contact. New Risk • May 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$108.2m market cap, or US$69.9m). New Risk • Mar 13
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$12m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$12m). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (AU$3.0m revenue, or US$1.9m). Market cap is less than US$100m (AU$93.4m market cap, or US$59.0m). Annuncio • Feb 03
Nova Minerals Limited Identifies RPM Style Gold in Regional Sampling Up to 52.3 g/t Au on its Estelle Gold and Critical Minerals Project, in Alaska Nova Minerals Limited announced final results from its 2024 exploration season with 20 rock samples grading > 1 g/t Au, including a high of 52.3 g/t Au, 11 soil samples > 0.5 g/t Au, including a high of 4.8 g/t Au, and 34 till samples > 1.0 g/t Au, including a high of 3.6 g/t Au from the wider RPM regional area at the Company’s over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. Highlights: 2024 surficial sampling in the wider regional area north of the current RPM deposit reveals 20 out of 40 rock samples collected greater than 1 g/t Au, including 52.3 g/t Au, 18.4 g/t Au, and 17.5 g/t Au. 100 soil samples collected with 11 greater than 0.5 g/t Au including a high of 4.8 g/t Au. 138 glacial till samples collected with 34 greater than 1 g/t Au, 10 greater than 2 g/t Au, and a high of 3.6 g/t Au. Geologic mapping identified glacial debris lobe where 68 till samples averaged 1.1 g/t Au over 1.7 km. 2024 Exploration Mapping and Sampling Program Results: During the 2024 field season Nova’s Head of Exploration, Mr. Hans Hoffman, continued the surface exploration mapping and sampling program across the Estelle claim block with a particular focus on following up results at prospects identified in the 2023 season. 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected across the property. As a result of that program, and reported to date: Assay results from soil and rock chip samples from the Styx prospect identified high-grade antimony (Sb) and gold in outcrop, with grades up to 54.1% Sb and 9.8 g/t Au (ASX Announcement: 22 November 2023). Assay results from soil and rock chip samples collected from the Muddy Creek prospect, with a high of 128.5 g/t Au, have extended the high-grade gold mineralization zone by a further 400m to 800m in length now. Muddy Creek is considered to be one of the most impressive gold anomalies on the claim block to date (ASX Announcement: 27 November 2024). Assay results for antimony from rock samples collected at the Stibium prospect have identified an 800m long by 400m wide antimony rich zone with results of up to 56.7% Sb and 11 samples grading > 30% Sb (ASX Announcement: 5 December 2024). Assay results for gold from rock samples collected at the Stibium prospect show the previously identified 800m long by 400m wide zone is rich in both gold and antimony, with gold results of up to 141 g/t Au and seven samples greater than 20 g/t Au (ASX Announcement: 11 December 2024). Assay results for gold and antimony from soil samples collected at the Stibium prospect have identified high-grade resource targets within the previously identified 800m long by 400m wide zone (ASX Announcement: January 13, 2025). Assay results from rock chip samples at the Wombat prospect have identified high-grade gold and gallium with grades up to 360 g/t Au and 74.5 ppm Ga, as well as further anomalous gold, silver, copper, and antimony at Stoney (ASX Announcement: January 23, 2025), and Surficial results from the RPM regional area with high-grade RPM style gold up to 52.3 g/t Au have been received and are reported in this announcement. All assays results from the 2024 surface sampling program have now been received and reported. RPM Regional Rocks and Soils: While the main focus at RPM in 2024 was to continue resource drilling at the main deposit, field crews continued follow-up sampling along the ridge and bases of outcrop in the RPM area to expand on previous anomalies. 40 rock samples and 100 soil samples were collected. 20 rock samples measured greater than 1.0 g/t Au, with a high of 52.3 g/t Au. 11 soil samples measured over 0.5 g/t Au, with a high of 4.8 g/t Au. Annuncio • Jan 23
Nova Minerals Discovers Further High-Grade Gold at its Wombat Prospect up to 360 g/t Au on its Estelle Gold and Critical Minerals Project, in Alaska Nova Minerals Limited announced additional high-grade gold and gallium surface sample assay results from its 2024 exploration season with 7 rock samples grading > 2 g/t Au, including a high of 360 g/t Au which is the 2nd highest gold sample found at Estelle to date, and 10 multi-element samples from 2023 and 2024 grading > 30 ppm Ga (gallium), with a high of 74.5 ppm Ga from the Wombat prospect at the Company's over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. 2024 follow-up sampling of the thick, up to 4m, high-grade quartz-arsenopyrite veins discovered at Wombat in 2023 further confirms the presence of a gold anomaly with up to a 1km long strike length. 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected across the property. As a result of that program, and reported to date: Assay results from soil and rock chip samples from the Styx prospect identified high-grade antimony (Sb) and gold in outcrop, with grades up to 54.1% Sb and 9.8 g/t Au (ASX Announcement: 22 November 2023). Assay results from soil and Rock chip samples collected from the Muddy Creek prospect, with a high of 128.5 g/t Au, have extended the high-grade gold mineralization zone by a further 400m to 800m in length now. Muddy Creek is considered to be one of the most impressive gold anomalies on the claim block to date. Assay results for antimony from rock samples collected at the Stibium prospect have identified an 800m long by 400m wide antimony rich zone with results of up to 56.7% Sb and 11 samples grading > 30% Sb. Assay results for gold from rock samples collected at theStibium prospect show the previously identified 800m long by400m wide zone is rich in both gold and antimony, with gold results of up to 141 g/t Au and seven samples greater than 20 g/t Au. Assay results for gold and antimony from soil samples collected at the Stibia prospect have identified high-grade resource targets within the previously identified 800m long By 400m wide zone, and Assay results for gold and multi-elements including silver, copper, gallium, and antimony from samples collected at both Wombat and Stoney have now been received, and reported in this announcement. Final results from the soil and rock chip samples taken from the wider RPM area in 2024 will be reported shortly. Estelle property map showing the sampling program undertaken in 2024. Field crews conducted another surface sampling program over the newly discovered Wombat area in 2024. New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$96.2m market cap, or US$59.7m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$86.5m market cap, or US$53.9m). Annuncio • Jan 13
Nova Minerals Identifies Stibium Gold-Antimony Resource Drill Targets on its Estelle Gold and Critical Minerals Project, in Alaska Nova Minerals Limited announced assay results for gold and antimony from soil samples collected at the Stibium prospect have now been received and have identified high-grade resource targets within the previously identified 800m long by 400m wide zone at Stibium within the Company’s over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. Highlights: New drill-ready broad structurally controlled gold and antimony zones identified at Stibium through systematic ground exploration. US grant applications for antimony and critical minerals development progressing Assay results for soil and rock chip samples taken as part of the 2024 follow-up reconnaissance mapping and sampling program have now proven the Stibium prospect is an extensive gold and antimony rich zone with grades up to 141 g/t Au and 60.5% Sb (Announcements: 10 October 2023, and 5 and 11 December 2024). 180 soil samples collected to delineate the mineralized zone. 35 soil samples greater than 1 g/t Au with a high of 25.6 g/t Au. 10 soil samples greater than 0.1% Sb with a high of 2.8% Sb. For soil samples, grades > 1 g/t Au and > 0.1% Sb are considered high-grade. Best rock sampling results for gold previously reported at Stibium include: 141.0 g/t Au, 64.7 g/t Au, 62.3 g/t Au, 42.8 g/t Au, 34.8 g/t Au, 29.1 g/t Au, 22.3 g/t Au. Best rock sampling results for antimony previously reported at Stibium include: 60.5% Sb, 56.7% Sb, 55.7% Sb, 54.8% Sb, 54.5% Sb, 46.2% Sb, 45.9% Sb, 43.3% Sb. The Stibium gold-antimony occurrence is hosted in quartz diorite intrusive rocks and hornfels sedimentary rock over an approximately 800m long by 400m wide zone, and remains open.Results incoming on the remainder of the 2024 sampling, including further regional exploration from the broader RPM and Stoney areas.Nova Minerals, through our 100% owned subsidiary Alaska Range Resources LLC, is a member of the Defense Industrial Base Consortium (DIBC), and as an early mover is well advanced with the Dept of Defense (DoD) grant application process. Antimony is listed as a critical and strategic mineral to US economic and national security interests by the US Department of Interior. The European Union also has antimony on their critical materials list and both are 100% import reliant. China, which produces ~54% of the worlds antimony, recently banned all exports of the critical mineral to the US. 2024 Exploration Mapping and Sampling Program Results: During the 2024 field season Nova’s Head of Exploration, Mr. Hans Hoffman, continued the surface exploration mapping and sampling program across the Estelle claim block with a particular focus on following up results at prospects identified in the 2023 season. 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected across the property. As a result of that program, and reported to date: Assay results from soil and rock chip samples from the Styx prospect identified high-grade antimony (Sb) and gold in outcrop, with grades up to 54.1% Sb and 9.8 g/t Au (ASX Announcement: 22 November 2023). Assay results from soil and rock chip samples collected from the Muddy Creek prospect, with a high of 128.5 g/t Au, have extended the high-grade gold mineralization zone by a further 400m to 800m in length now. Muddy Creek is considered to be one of the most impressive gold anomalies on the claim block to date (ASX Announcement: 27 November 2024). Assay results for antimony from rock samples collected at the Stibium prospect have identified an 800m long by 400m wide antimony rich zone with results of up to 56.7% Sb and 11 samples grading > 30% Sb (ASX Announcement: 5 December 2024). Assay results for gold from rock samples collected at the Stibium prospect show the previously identified 800m long by 400m wide zone is rich in both gold and antimony, with gold results of up to 141 g/t Au and seven samples greater than 20 g/t Au, and Assay results for gold and antimony from soil samples collected at the Stibium prospect have now been received and have identified high-grade resource targets within the previously identified 800m long by 400m wide zone, as reported in this announcement. Further results from the soil and rock chip samples taken from across the project area in 2024 will be reported once received and processed. Annuncio • Dec 11
Nova Minerals Limited Finds Gold Up to 141 g/t Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in Alaska Nova Minerals Limited announced gold rock chip assay results from its 2024 exploration season confirming an extensive 800m long by 400m wide gold and antimony rich zone at its Stibium prospect, within its over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. Assay results for gold on the rock chip samples taken as part of the 2024 follow-up reconnaissance mapping and sampling program has now proven that the Stibium prospect is an extensive gold and antimony rich zone with grades up to 141 g/t Au and 60.5% Sb. Seven samples greater than 20 g/t Au, and 16 samples greater than 5 g/t Au. The Stibium occurrence is hosted in quartz diorite intrusive rocks and hornfels sedimentary rock over an approximately 800m long by 400m long by 400m wide zone, and remains open. Awaiting further soil sample assay results for Stibium. Results incoming on the remainder of the 2024 sampling, including further regional exploration from the broader RPM and Stoney areas. During the 2024 field season Nova's Head of Exploration, Mr. Hans Hoffman, continued the surface exploration mapping and sampling program across the Estelle claim block with a particular focus on following up results at prospects identified in the 2023 season. 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected across the property. As a result of that program, and reported to date: Assay results from soil and rock chip samples from the Styx prospect identified high-grade antimony (Sb) and gold in outcrop, with grades up to 54.1% Sb and 9.8 g/t Au. Assay results from soil and Rock chip samples collected from the Muddy Creek prospect, with a high of 128.5 g/t Au, have extended the high-grade gold mineralization zone by a further 400m to 800m in length now. Muddy Creek is considered to be one of the most impressive gold anomalies on the claim block to date. Assay results for antimony from rock samples collected at the Stibium prospect have been received and identified an 800m long by400m wide antimony rich zone with results of up to 56.7% Sb and 11 samples grading > 30% Sb, and Assay results for gold from rock samples collected at the Stibium prospect have now been received and show the previously identified 800m long by 400mwide zone is rich in both gold and antimony with gold results of up to141 g/t Au and seven samples greater than 20g/t Au, as reported in this announcement. A total of 80 rock samples were collected, 7 of which were greater than 20 g/t gold, including a high of 141 g/t Au. 180 soil samples were also collected from the area, with assay results still outstanding for both gold and antimony. It should be noted that the location for the bulk sample was selected from geological observations indicating the coincidence of antimony with high-grade gold which has been proven in the assay results. Annuncio • Nov 27
Nova Minerals Limited Announces Additional High-Grade Gold Surface Sample Assay Results from its 2024 Exploration Season at its Muddy Creek Prospect in Tintina Gold Belt in Alaska Nova Minerals Limited announced additional high-grade gold surface sample assay results from its 2024 exploration season with 6 rock samples grading > 10 g/t Au and 8 soil samples grading > 2 g/t Au, confirming a 400m extension to the high-grade gold zone at its Muddy Creek prospect, within its over 500km Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. Highlights: 2024 surface reconnaissance comprising of 14 rock samples, with a high of 128.5 g/t Au, and 11 soil samples, with a high of 6.3 g/t Au, continue to show Muddy Creek to be one of the most impressive gold anomalies on the claim block with these results extending the high-grade zone by approximately 400 meters. Best 2024 surface sampling results at Muddy Creek include: 4 rock samples greater than 20 g/t Au: 128.5 g/t Au; 93.2 g/t Au; 33.9 g/t Au; 22.3 g/t Au. 5 soil samples greater than 3 g/t Au: 6.3 g/t Au; 4.7 g/t Au; 4.0 g/t Au; 3.2 g/t Au; 3.0 g/t Au. Previously announced results from Muddy Creek in 2023 included six samples greater than 50 g/t Au – 127.5 g/t Au, 90.5 g/t Au, 76.8 g/t Au, 75.5 g/t Au, 65.6 g/t Au, and 51.8 g/t Au. The Muddy Creek high-grade zone now measures 800m x 400m. Mineralization hosted in arsenopyrite-bearing quartz veins in granodiorite intrusive rocks consistent with intrusion-related gold deposits. Part of a larger mineralized trend greater than 4km including the Muddy Creek, Discovery, Shadow, Shoeshine, and Train prospects. Results incoming on the remainder of the 2024 sampling, including the Stibium antimony-gold prospect, and further regional exploration from the broader RPM and Stoney areas. Annuncio • Nov 21
Nova Minerals 2024 Sampling Finds Up to 54.1% Antimony At the Styx Prospect on Its Estelle Gold and Critical Minerals Project in Alaska Nova Minerals Limited announced soil and rock chip assay results from its 2024 exploration season confirming a continued abundance of high-grade antimony at its Styx prospect, within its over 500km2 Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska. During the 2024 field season Nova’s Head of Exploration, Mr. Hans Hoffman, continued the surface exploration mapping and sampling program across the Estelle claim block with a particular focus on following up results at prospects identified in the 2023 season. 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected across the property. Assay results from soil and rock chip samples collected from the Styx prospect have all been received and are reported in this announcement. Further results from the soil and rock chip samples taken from across the project area in 2024 will be reported once received and processed Field crews collected a total of 11 rock samples at Styx, 6 of which were greater than 1 g/t Au or 1% Sb, including a high of 9.8 g/t Au and 54.1% Sb. 10 soil samples were also collected in the vicinity of Styx. The majority of the sampling focused on the main vein occurrence and splays running oblique to it. The quartz-stibnite veins are hosted in the hornfelsed Kahiltna flysch sedimentary rocks. A quartz diorite intrusive rock (E406939) containing mm-scale quartz calcite veins was sampled close to the main stibnite occurrence. Quartz monzonite dikes were sampled further to the west and to the south (E406797) of occurrence but were weakly mineralized. Sample E406941 had the highest antimony content at 54.1%. This sample was from a newly discovered outcropping quartz vein located approximately 130 meters southwest and 100 meters in elevation below the main occurrence. This may be an extension of the main occurrence, but is difficult to determine due to the undulating nature of both the veins. In addition to the sampling shown above, a 500kg bulk sample was collected for metallurgical testing. It was collected from surface material at the main vein and from splays above it. The 3D Vrify decks on the company’s website will be updated with the 2024 surface sampling exploration results when all the assays for the soil and rock chip samples taken across the entire Estelle Gold and Critical Minerals Project have been received back from the laboratory. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Richard Beazley was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$57.4m market cap, or US$38.1m). Annuncio • Oct 16
Nova Minerals Limited Drills 39m @ 5.4 g/t Au from Surface at the RPM Deposit on its Estelle Gold-Antimony Project, in Alaska Nova Minerals Limited announced further high-grade thick intercepts from another seven holes of the 21 hole reverse circulation (RC) drilling program conducted in the RPM starter pit area in 2024, within its over 500km2 Estelle Gold Project, located in the Tintina Gold Belt in Alaska. The shallow drilling program was focused on near surface mineralization <50m in depth in support of the RPM starter mine Feasibility Study (FS) currently underway. A total of 21 RC holes were drilled at RPM as part of the 2024 drilling program, of which assay results for 15 holes have now been received, with seven holes reported in this announcement, and 8 holes reported in the announcement dated 9 October 2024. The drilling was focused on near surface mineralization <50m in depth and had two main objectives. The first and primary objective was to infill and prove up near surface inferred resources that define the up dip extension of the steep to vertical dipping RPM North high-grade core zone. A new drill pad (Pad 24-1) was located between the two previous drill pads (Pad 1 and Pad 23-1) at RPM North to fill this data gap and prove up this high-grade material. Assay results from Pad 24-1 including holes RPMRC-24005 to RPMRC-24008 announced previously, and now holes RPMRC-009 and RPMRC-011 to RPMRC-016 continue to support this objective. The secondary objective of the shallow 2024 drill program was to extend drilling to the South and Southwest of the current RPM North resource to begin to test a potential link with the RPM Valley zone situated approximately 150m to the Southwest. Highly prospective mineralized intrusive rocks have been observed in this area in recent geological mapping and confirmed with anomalous surface sample results. The results returned from previously announced holes RPMRC-24001 to RPMRC -24004 indicate the RPM North deposit remains wide open to the South-Southwest and is potentially connected to the RPM Valley zone. This warrants further follow-up diamond drilling to test the considerable resource upside potential. These latest results continue to prove up areas of thick intervals of high-grade gold mineralization (+2g/t) within the existing RPM North resource area, confirming the continuity of the high-grade bonanza core zone, as well as indicating the potential for significant extensions to the existing resource. Representative cross-sections (Figures 2, 3, and 4) clearly show the latest drill holes intersecting up and down dip continuity to mineralization outside of the current resource grade shell. This has the potential to significantly grow the resource in the upcoming MRE update. Geological observations also indicate the mineralized intrusive unit is a steeply dipping funnel shaped body which flares out to have a wider footprint near the surface where substantial up-dip potential remains. In the central core zone where the intrusive unit is thick and continuous the deposit remains wide open with further significant resource upside potential, up-dip, down-dip, and throughout the intrusive, particularly to the South which remains largely untested by drilling. The majority of the holes drilled in 2024 were collared in granodiorite intrusive rocks, the primary host of mineralization at RPM. The granodiorite-hornfels contact was intercepted to the north from Pad 24-1 and to the south from Pad 23-1 where gold mineralization is encountered in both the intrusive and the hornfels. The drillhole intersections as well as observed outcrop between these two drill pads consist entirely of granodiorite crosscut by quartz-tourmaline-sulfide veins, with massive quartz zones of over 1-m thick hosting samples up to 291 g/t Au. The holes announced in this release covered southeast (145) to southwest (250) azimuths and were comprised entirely of the mineralized granodiorite intrusive with the exception of the bottom 15 meters of hole RPMRC-016 which ended in mineralized hornfels. For the 2024 reverse circulation drilling program, 1.52m chip samples were riffle split (dry) to obtain 3-5 kg samples at the drill site, these samples were crushed to achieve >90% passing a 2mm sieve and split down to 225 g to 275 g samples at Nova’s on-site prep facility. Samples were then sent to ALS Fairbanks for additional prep and chemical analysis. Field duplicates (RC) for recent data were collected every 1 in 20 samples at the same time using the same method (riffle split) as the parent sample. Blank material was inserted 1 in 40 samples. Standard Reference Material (SRM) was inserted 1 in 20 samples. Three different SRMs at three different grades levels were used. ALS is a certified commercial laboratory and is independent of Nova Minerals. Gold analyses were completed by Au-ICP21 which is gold by fire assay and ICP-AES. For overlimits greater than 10 g/t Au analyses were completed by fire assay and gravimetric finish. Annuncio • Oct 14
Nova Minerals Limited, Annual General Meeting, Nov 14, 2024 Nova Minerals Limited, Annual General Meeting, Nov 14, 2024. Annuncio • Oct 09
Nova Minerals Limited Announces 41m @ 4.6 g/t Au from Surface at the RPM deposit on its Estelle Gold-Antimony Project, in Alaska Nova Minerals Limited announced further high-grade intercepts from the first eight holes of the 21 hole reverse circulation (RC) drilling program conducted in the RPM starter pit area in 2024, within its over 500km2 Estelle Gold Project, located in the Tintina Gold Belt in Alaska. The shallow drilling program was focused on near surface mineralization <50m in depth in support of the RPM starter mine Feasibility Study (FS) currently underway. RPM Drilling Discussion A total of 21 RC holes were drilled at RPM as part of the 2024 drilling program, of which assay results for eight holes have now been received and are reported in this announcement. The drilling was focused on near surface mineralization <50m in depth and had two main objectives. The first and primary objective was to infill and prove up near surface inferred resources that define the up dip extension of the steep to vertical dipping RPM North high-grade core zone. A new drill pad (Pad 24-1) was located between the two previous drill pads (Pad 1 and Pad 23-1) at RPM North to fill this data gap and prove up this high-grade material (Figures 1 and 2). The initial assay results from holes RPMRC-24005 to RPMRC-24008 indicate this objective was achieved. The secondary objective of the shallow 2024 drill program was to extend drilling to the South and Southwest of the current RPM North resource to begin to test a potential link with the RPM Valley zone situated approximately 150m to the Southwest. Highly prospective mineralized intrusive rocks have been observed in this area in recent geological mapping and confirmed with anomalous surface sample results. The results returned from holes RPMRC-24001 to RPMRC -24004 indicate the RPM North deposit remains wide open to the South-Southwest and is potentially connected to the RPM Valley zone (Figures 1 and 3). This warrants further follow-up diamond drilling to test the considerable resource upside potential. These latest results continue to prove up areas of thick intervals of high-grade gold mineralization (+2g/t) within the existing RPM North resource area, confirming the continuity of the high-grade bonanza core zone, as well as indicating the potential for significant extensions to the existing resource. A representative cross-section (Figures 2 and 3) clearly shows the latest drill holes intersecting up and down dip continuity to mineralization outside of the current resource grade shell. This has the potential to significantly grow the resource in the upcoming MRE update. Geological observations also indicate the mineralized intrusive unit is a steeply dipping funnel shaped body which flares out to have a wider footprint near the surface where substantial up-dip potential remains. In the central core zone where the intrusive unit is thick and continuous the deposit remains wide open with further significant resource upside potential, up-dip, down-dip, and throughout the intrusive, particularly to the South which remains largely untested by drilling. The majority of the holes drilled in 2024 were collared in granodiorite intrusive rocks, the primary host of mineralization at RPM. The granodiorite-hornfels contact was intercepted to the north from Pad 24-1 and to the south from Pad 23-1 where gold mineralization is encountered in both the intrusive and the hornfels. The drillhole intersections as well as observed outcrop between these two drill pads consist entirely of granodiorite crosscut by quartz-tourmaline-sulfide veins, with massive quartz zones of over 1-m thick hosting samples up to 291 g/t Au. Estelle is a major mineralized trend, hosting gold, antimony, silver, copper, and other critical elements and Nova is working to begin production as early as possible with the potential to operate for decades supplying the minerals the world needs. A Feasibility study has commenced for RPM with METS Engineering engaged for metallurgical and process design, RoughStock Mining for pit and engineering design, and Whittle Consulting for complete project optimization, from starter operation with the view of minimizing capex, to finding a steady state mine plan to clear expansion plans. The studies currently underway have the objective of: Getting RPM into production as soon as possible Early year low capex with high margin to fund expansion of the greater Estelle Project Optimized mine plan for highest grade with least strip material for early years Pit Slope scope and design Optimum flow sheet design to increase recovery whilst decreasing reagents to bring down operating costs Plant size, design, and location In addition, the Company is also very aware of the value of a domestically sourced critical mineral antimony, and in parallel with the above plans in the FS, the company is also looking at its antimony discoveries at both Stibium and Styx in particular from many angles with multiple parties to potentially establish a small scale, stand-alone, quick start up antimony-gold mine, with potential US Dept. of Defense (DoD) support to fully secure the US supply chain. New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (AU$47k revenue, or US$33k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$34.1m market cap, or US$23.4m). Annuncio • Sep 25
Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $2.15 million. Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of $2.15 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 430,000
Price\Range: $5
Discount Per Security: $0.35 Annuncio • Sep 20
Nova Minerals Limited has filed a Follow-on Equity Offering. Nova Minerals Limited has filed a Follow-on Equity Offering.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 430,000 New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (AU$47k revenue, or US$32k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$39.0m market cap, or US$26.1m). Annuncio • Sep 05
Nova Minerals Limited Collects Bulk Antimony Material for Test Work at its Estelle Gold-Antimony Project, in Alaska Nova Minerals Limited provided an update on its Antimony-Gold prospects at Stibium and Styx on its over 500km Estelle Project, located in the prolific Tintina Gold Belt in Alaska, which historically was also a North American antimony producer. Highlights: 2,500kg bulk sample of antimony rich material collected from Stibium for metallurgical test work. 500kg bulk sample of antimony rich material collected from Styx for metallurgical test work. Numerous antinomy rich samples have also been sent to the ALS laboratory for analysis, with results expected back in the coming weeks. Test work to develop a process flow sheet and plant design in anticipation of a fast track stand-alone antimony production scenario at Stibium. Nova has submitted a proposal to the US Dept. Of Defense (DoD) for potential grant funding to fast track Estelle's antimony production. Antimony at Estelle: With widespread massive stibnite (antimony) veining observed in surface mapping and sampling at Stibium and Styx, the strong relationships the Company has developed with various US government agencies, and China recently announcing export restrictions on antimony, Nova sees a first mover opportunity to develop the prospects and supply antimony to the US domestic market in the near term. Over 2,500kg of antimony rich stibnite material has now been collected from Stibium, and 500kg from Styx, for test work to develop a process flow sheet and plant design in anticipation of a fast track production scenario. The Company is working with METS Engineering and the University of Alaska-Fairbanks CORE-CM group who will complete these studies, and have already received initial stibnite samples from the project. Numerous antimony and gold rich rock and soil samples collected from the prospects have also been sent to the ALS laboratory for analysis, with results expected back in the coming weeks. An extensive surface mapping and sampling program is continuing at Stibium and Styx, with drilling planned to follow up on a previously reported 2m massive stibnite (antimony) vein zone over 30m in strike length at Stibium with results including 60.5% Sb and 12.7 g/t Au. Annuncio • Jul 29
Nova Minerals Limited Announces Formal Appointment of Richard Beazley as Independent Non-Executive Chairman Nova Minerals Limited announced the formal appointment of Mr. Richard Beazley to the Board of Directors as Independent Non-Executive Chairman, following the Company’s successful completion of its NASDAQ listing. Mr. Beazley is an internationally experienced mining professional and director with over 35 years of experience in senior corporate, operational and project development roles. He is a qualified Mining Engineer and has worked in a range of projects throughout Australia, Africa, North and South America, in both underground and open cut operations, producing gold, base metals and critical minerals. New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (AU$47k revenue, or US$31k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$41.4m market cap, or US$27.1m). New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (AU$47k revenue, or US$32k). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$55.0m market cap, or US$36.6m). Annuncio • Apr 17
Nova Minerals Limited has filed an IPO in the amount of $17.25 million. Nova Minerals Limited has filed an IPO in the amount of $17.25 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Transaction Features: New Market Listing Annuncio • Apr 09
Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Nova Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,083,334
Price\Range: AUD 0.24
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,083,334
Price\Range: AUD 0.24
Transaction Features: Subsequent Direct Listing New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings have declined by 8.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$2.3m revenue, or US$1.5m). Market cap is less than US$100m (AU$52.7m market cap, or US$34.3m). Recent Insider Transactions • Jan 14
Board Member recently bought AU$67k worth of stock On the 12th of January, Craig Bentley bought around 200k shares on-market at roughly AU$0.34 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$492k more in shares than they have sold in the last 12 months. Annuncio • Sep 27
Nova Minerals Limited, Annual General Meeting, Oct 29, 2023 Nova Minerals Limited, Annual General Meeting, Oct 29, 2023, at 09:00 AUS Eastern Standard Time. Agenda: To consider election of Directors. Annuncio • Sep 18
Nova Minerals Limited(ASX:NVA) dropped from S&P/ASX Emerging Companies Index Nova Minerals Limited(ASX:NVA) dropped from S&P/ASX Emerging Companies Index New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$59.0m market cap, or US$38.3m). Recent Insider Transactions • Jun 27
Board Member recently bought AU$135k worth of stock On the 23rd of June, Craig Bentley bought around 512k shares on-market at roughly AU$0.26 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$472k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 19
Board Member recently bought AU$105k worth of stock On the 17th of May, Craig Bentley bought around 300k shares on-market at roughly AU$0.35 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$420k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 14
Board Member recently bought AU$100k worth of stock On the 12th of April, Craig Bentley bought around 300k shares on-market at roughly AU$0.33 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$315k more in shares than they have sold in the last 12 months. Annuncio • Jan 31
Novas Majority Owned Snow Lake Lithium Chairman Update Nova Minerals Limited provided an update on the Thompson Brothers Lithium Project, through its majority owned investment in Snow Lake Resources Ltd. This approach, is well thought out and prudent for the benefit of shareholders, and Nova looks forward to reporting further progress as Snow Lake Lithium implements its new strategy. Annuncio • Jan 17
Nova Minerals Limited Announces New Broad Zone High-Grade Gold System Discovered at Estelle Nova Minerals Limited announced further major mineralized zones within the Company's flagship Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska. 2022 Exploration Mapping and Sampling Program Results: Field reconnaissance exploration in 2022 extended the known mineralization at Train and lead to a new discovery at Trumpet. Highlights include an 80.2 g/t Au rock sample from subcrop at Train and a 32.8 g/t Au rock sample at the base of outcrop at Trumpet. Numerous multi-gram samples were returned from both rocks and soils at both prospects. The new discovery at Trumpet continues to define another very large Intrusive Related Gold System at the Estelle Gold Project. Geological observations, with high-grade RPM style intrusive/hornfel contact mineralization, indicate a genetic link between the Train area prospects, now including Trumpet, making the area a high priority target for exploration drilling in 2023. Train: In the 2022 exploration program, 17 rock samples and 11 soil samples were collected along the Northwest-Southeast trending ridge at Train. 7 soil samples measured greater than 1 g/t Au, with a high of 2.45 g/t Au. 5 rock samples measured greater than 10 g/t Au, with a high of 80.2 g/t Au. These results are summarized in the plan view. The majority of the high-grade rock samples were collected in intrusive host rock, with sheeted veins containing quartz and massive arsenopyrite, and lesser amounts of chalcopyrite. The mineralized veins vary in thickness from a few millimetres to meter scale and have a Northwest orientation dipping steeply to the Southwest. Granodiorite is the dominant lithology at Train. Mineralization is consistent with the reduced intrusion related gold deposit model, and Nova is targeting Train as the next priority drill target as the company continue to unlock the potential at the Estelle Gold Project. Trumpet: In the 2022 exploration field program, Nova also identified a new prospect, Trumpet, as evidenced by numerous multi-gram gold samples, located 1.5 km Northwest of Train, along an East-West trending ridge. 49 rock samples and 35 soil samples were collected along the East-West trending ridge and along base of outcrop on the cirques to the North and South of this ridge. 2 soil samples measured greater than 1 g/t Au, at 2.86 g/t and 2.06 g/t. 5 rock samples measured greater than 10 g/t Au, with a high of 32.8 g/t Au. The majority of the high-grade rock samples were collected from outcropping steeply dipping quartz-tourmaline-sulfide veins striking Northwest or Southeast. Host lithology was almost entirely granodiorite, with a few samples of diorite and hornfels. The granodiorite has a subtle chlorite alteration. Mineralization at Trumpet is similar to Train, but with a slightly greater chalcopyrite content. Nova is strongly encouraged by these initial results at Trumpet, and will be well positioned to drill test this prospect immediately after completing the initial drilling at Train in 2023. Further Unlocking Multiple Mining Complexes Within the Estelle Gold Project: With recent exploration programs showing that the Train area prospects, including the new discovery at Trumpet, appear to be located on one very large Intrusive Related Gold System, less than 7 km North of the extremely high-grade RPM Deposit, the case for another processing plant sited within the RPM Mining Complex is growing even stronger. Upon the completion of Phase 2 Scoping Study, PFS level trade off studies will be used to investigate the possibility of establishing an initial standalone processing plant within the RPM Mining Complex, for the initial years, with another processing plant within the Korbel Mining Complex to be commissioned in later years, as outlined in the previously released Phase 1 Scoping Study. Annuncio • Dec 22
Nova Minerals Limited Announces Further Major High-Grade Gold Intersections At Rpm and the Potential for A Second Mining Center in the Southern Area Nova Minerals Limited announced further major high-grade gold Intersections at RPM and the potential for a second mining center in the southern area, of the Company's Estelle Gold Trend, located in the prolific Tintina Gold Belt in Alaska. RPM North Drill Results · Exceptional, broad high-grade gold intersections continue at RPM North and mineralization remains open. Significant results at 0.3 g/t cutoff grade include: o RPM-030 76m @ 1.8 g/t Au from 95m including; 70m @ 2.0 g/t Au from 95m 21m @ 4.5 g/t Au from 143 (RPM-030 upper intercept returned an overall average grade of 1.1 g/t Au over 143m from 37m within the RPM North mineralized zone at 0.1g/t cutoff) And 31m @ 1.6 g/t Au from 203m including; 27m @ 1.8.g/t Au from 206m 9m @ 3.4 g/t Au from 206m (RPM-030 lower intercept returned an overall average grade of 1.0 g/t Au over 55m from 203m within the RPM North mineralized zone at 0.1g/t cutoff) o RPM-035 111m @ 1.6 g/t Au from 93m including; 67m @ 2.2 g/t Au from 93m 24m @ 4.7 g/t Au from 109m 18m @ 6.0 g/t Au from 112m (RPM-035 returned an overall average grade of 0.9 g/t Au over 237m from 5m within the RPM North mineralized zone at 0.1 g/t cutoff) o RPM-036 74m @ 0.8 g/t Au from 111m including; 18m @ 1.2 g/t Au from 133m 19m @ 1.0 g/t Au from 166m (RPM-036 returned an overall average grade of 0.5 g/t Au over 163m from 35m within the RPM North mineralized zone at 0.1 g/t cutoff) o RPM-037 98m @ 1.7 g/t Au from 41m including; 40m @ 3.7 g/t Au from 81m 12m @ 9.5 g/t Au from 93m (RPM-037 upper intrusive returned an overall average grade of 1.2 g/t Au over 152m from 35m within the RPM North mineralized zone at 0.1g/t cutoff) 103m @ 1.0 g/t Au from 325m including; 30m @ 1.9 g/t Au from 325m 21m @ 2.5 g/t Au from 325m and 79m @ 1.0g/t Au from 471m including; 30m @ 2.0 g/t Au from 501m (RPM-037 lower intrusive returned an overall average grade of 0.7g/t Au over 268m from 282m within the RPM North mineralized zone at 0.1g/t cutoff) Maiden drilling at RPM South has delivered gold grades and widths similar to the initial discovery holes at RPM North. Geological observations from RPM South also indicate that the system is genetically linked to RPM North, and mineralization remains open. Significant results at 0.3g/t cutoff grade include: o RPM-013 101m @ 0.7 g/t Au from 3m including; 18m @ 1.0 g/t Au from 35m (RPM-013 returned an overall average grade of 0.6 g/t Au over 125m from 3m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-019 259m @ 0.6 g/t Au from 5m including; 39m @ 1.0 g/t Au from 9m 38m @ 1.0 g/t Au from 130m (RPM-019 returned an overall average grade of 0.5 g/t Au over 344m from 5m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-026 309m @ 0.5 g/t Au from 7m including; 40m @ 0.8 g/t Au from 252m (RPM-026 returned an overall average grade of 0.5 g/t Au over 373m from 7m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-028 131m @ 0.6 g/t Au from 8m including; 52m @ 0.7 g/t Au from 8m 13m @ 1.4 g/t Au from 8m (RPM-028 returned an overall average grade of 0.3 g/t Au over 352m from 8m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-029 15m @ 1.2 g/t Au from 5m including; 18m @ 2.0 g/t Au from 188m (RPM-029 returned an overall average grade of 0.6 g/t Au over 250m from 5m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-032 125m @ 0.6 g/t Au from 27m including; 37m @ 1.0 g/t Au from 27m (RPM-032 returned an overall average grade of 0.5 g/t Au over 220m from 11m within the RPM South mineralized zone at 0.1 g/t cutoff) o RPM-034 143m @ 0.5 g/t Au from 9m including; 21m @ 0.7 g/t Au from 12m (RPM-034 returned an overall average grade of 0.4 g/t Au over 260m from 7m within the RPM South mineralized zone at 0.1 g/t cutoff) The 2022 infill and extensional resource drilling programs at both RPM North and RPM South are complete and pending an upgraded Mineral Resource Estimate and oriented core structural studies. The latest results continue to prove up and increase the size of the broad zone of high-grade gold mineralization (+2 g/t) within the RPM area which includes previous significant drill results of: · RPM-005 400m @ 3.5 g/t Au (1,400 gram meters), including 132m @ 10.1 g/t Au (ASX Announcement: 11 October 2021) · RPM-0015 258m @ 5.1 g/t Au (1,316 gram meters), including 78m @ 16.0 g/t Au (ASX Announcement: 11 October 2021) and; · RPM-008 260m @ 3.6 g/t Au (936 gram meters), including 140m @ 6.5 g/t Au (ASX Announcement: 8 August 2022) The drilling also continues to provide high quality geological data that is being collated and interpreted to provide greater deposit knowledge. The nature and geometry of the intrusive units, and interplay with structures, are key to controls on gold mineralization. These geological and interpretative insights are invaluable in developing further targets for the systematic exploration programs within the RPM area, as well as across the greater Estelle Gold Trend. Infill and step-out holes were completed to prove up and increase the resource and further test the extent of high-grade mineralization around hole RPM-005 (ASX Announcement: 11 October 2021 400m @ 3.5 g/t Au, including 132m @ 10.1 g/t Au) and RPM-008 (ASX Announcement: 8 August 2022 260m @ 3.6 g/t Au, including 140m @ 6.5 g/t Au). The results confirm strong continuity of the high-grade zone which remains wide open. Additionally, recently drilled deeper holes have now also intersected a second much larger mineralized intrusive at RPM North, with structural data collected from oriented drill core confirming a genetic geological connection to RPM South. With over 600m of strike length between the RPM North and RPM South zones, and the potential for additional super high- grade bonanza zones to be targeted in upcoming drill programs, significant further resource upside remains with the RPM area. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Chair Anna Ladd-Kruger was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 07
Nova Minerals Limited, Annual General Meeting, Nov 29, 2022 Nova Minerals Limited, Annual General Meeting, Nov 29, 2022, at 11:01 AUS Eastern Standard Time. Annuncio • Sep 20
Craig Bentley Agrees to Step Up and Take on the Role of Executive Director Finance and Compliance of Nova Minerals Limited Nova Minerals Limited advised that Non-Executive Director, Mr. Craig Bentley has agreed to step up and take on the role of Executive Director Finance and Compliance. Annuncio • Sep 19
Nova Minerals Limited(ASX:NVA) dropped from S&P Global BMI Index Nova Minerals Limited(ASX:NVA) dropped from S&P Global BMI Index Annuncio • Aug 30
Nova Minerals Limited Focused Drilling Program Has Commenced at Cathedral with One Diamond Rig Operating Nova Minerals Limited to advise that a focused drilling program has commenced at Cathedral with one diamond rig operating. The drilling program aims to rapidly test for shallow (<100m) resource extensions at Cathedral which has the potential to be the feeder system of the 8.1Moz Korbel Main Deposit, within the Company's Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska. These high-grade grab samples, and the correlation between gold and arsenopyrite which has been proven from drilling and metallurgical testing within the Korbel Main Deposit, provides encouragement that the Cathedral target has the potential to be the feeder system for the large presently identified gold system at Korbel Main. The resource potential within the Korbel Valley alone has progressively grown in stature with each round of drilling completed to date. This targeted drilling is not only aimed at increasing the size of the resources in the immediate area, but will also give Nova an improved geological understanding of the systems within the wider Korbel Valley. Annuncio • Aug 22
Nova Minerals Limited Announces Further Broad, Shallow, and High-Grade Gold Results At the Rpm North Deposit Located in the Prolific Tintina Gold Belt in Alaska Nova Minerals Limited announced further broad, shallow, and high-grade gold results at the RPM North Deposit, within the Company's Estelle Gold Trend, located in the prolific Tintina Gold Belt in Alaska. RPM Drilling Summary Infill and extensional resource drilling at RPM is currently ongoing with drill rigs at both RPM North and RPM South. The latest results continue to not only prove up, but now also extend, the areas of high-grade gold mineralization (+2g/t) at the RPM North resource area. Drill holes RPM-015 and RPM-018 were completed as step out holes to test the continuity of high- grade mineralization around hole RPM-005 to prove up and extend the resource beyond the current RPM North Deposit. Results from both RPM-015 and RPM-018 extend out from previous results from RPM-005 which confirms continuity of the high-grade gold zone from surface to a depth of over 250m tested thus far, and remains open at depth. The ongoing drilling program continues to provide high quality geological data that is being collated and interpreted to provide greater deposit knowledge. The nature and geometry of the intrusive units and interplay with structures are key to controls on gold mineralization. These geological and interpretative insights are invaluable in developing further targets for the ongoing exploration programs within the RPM area as well as the greater Estelle Gold Trend. Annuncio • Aug 11
Nova Minerals Limited Receives Highly Encouraging Results from Its First Phase Metallurgical Test Work on Mineralization from Its High-Grade Rpm North Deposit in Alaska Nova Minerals Limited announced that it has received highly encouraging results from its first phase metallurgical test work on mineralization from its high-grade RPM North Deposit in Alaska. Tests were conducted at Bureau Veritas Vancouver to determine the potential for intensive leach of gold contained in flotation concentrate. Results were outstanding with 96.2% of gold recovered. Concentrate leach recovery was calculated by Bureau Veritas based on gold recovered into solution and gold left in solid tailings. Relatively minor losses can be expected from the electrowinning circuit. Tests were conducted at Bureau Veritas Vancouver to determine the potential for flotation to concentrate gold. Results were outstanding with 92.4% of gold recovered into a concentrate with 14.3% of the flotation feed mass. A high flotation concentration ratio is important as it allows fine grinding and intensive leaching of a small flotation concentrate, at a reasonable cost. Flotation and leach recoveries were 92.4% and 96.2% respectively. Combined Flotation and leach recovery is 88.9% using 73 microns in flotation and 16 microns in leaching. Minor losses could be expected. Annuncio • Aug 08
Nova Minerals Limited Continues Exceptional High-Grade Gold At Rpm North Nova Minerals Limited announced bonanza grade gold results at the RPM North Deposit, within the Company's Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska. Infill and extensional resource drilling at RPM is currently ongoing with two rigs at RPM North and one rig at RPM South. The latest results at RPM continue to prove up areas of high-grade gold mineralization (+2g/t) within the existing RPM North resource area. Drillholes RPM-008 and RPM-010 were completed to infill and test the continuity of high-grade mineralization around hole RPM-005 to prove up the resource within the RPM North Deposit to the higher confidence Indicated category. Results from both RPM-008 and RPM-010 support previous results from RPM-005 which confirms continuity of the high-grade gold zone from surface to a depth of over 250m tested thus far, and remains open at depth (Figure 1). Visible gold was also observed in drill core from RPM-008 as previously reported. The ongoing drilling program continues to provide high quality geological data that is being collated and interpreted to provide greater deposit knowledge. The nature and geometry of the intrusive units and interplay with structures are key to controls on gold mineralization. These geological and interpretative insights are invaluable in developing further targets for the ongoing exploration programs within the RPM area as well as the greater Estelle Gold Trend. Recent Insider Transactions • Jun 05
Independent Non-Executive Director recently bought AU$67k worth of stock On the 3rd of June, Craig Bentley bought around 100k shares on-market at roughly AU$0.67 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$710k more in shares than they have sold in the last 12 months. Annuncio • Jun 02
Nova Minerals Limited Announces Further High Grade Lithium Results for Snow Lake Lithium Nova Minerals Limited advised that 37% owned Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq: LITM) (Snow Lake), confirmed an update on the current drilling campaign at the Snow Lake Lithium project in Northern Manitoba. Snow Lake intercepts high grade lithium in 4 separate pegmatite dykes. Drilling Results continue to validate resource expansion across the property. Lithium intercepts confirm growth at near surface SG & Grass River. Drilling campaign continuing to execute against previously stated objective. Best Results: SGP = 1.84% Li2O over 6.32 meters (GRP-003). TBL = 1.36% Li2O over 17.97 meters 429.50 meters down hole (TBL-035). BYP = 1.50% Li2O over 7.00 meters (BYP-001). Snow Lake's project now contains four identified dykes with high grade lithium intercepts above 1% Li2O with the TBL and GRP continuing to return positive results. In addition, the Snow Lake is happy to report intercepts on the SGP and BYP dykes. Both the SGP and BYP dykes were located and sampled during last fall's prospecting campaign (Dec 06, 2021- Snow Lake Resources Ltd. Samples Up To 6.97 WT% Li2O from its Manitoba Project). Geology of the GRP and SGP dyke and host rocks -The GRP dykes crosscut plutonic intrusive rocks of Monzonite composition, exhibiting medium to coarse grained Plagioclase crystals within a fine to medium grained mafic groundmass. Albitic to potassic feldspars occur frequently within the rock. The groundmass consists of amphiboles and occasional biotite. Garnet has been observed in small clusters within rare melanocratic groundmass. The Monzite has been subject to considerable seracitic and hematitic alteration, often resulting in destruction of the original plutonic minerals and gives the rock a "bleached" appearance. Small quartz and granitic Aplite dykes are common. The GRP pegmatite dykes appear to strike 110° and dip about 60-65o SSW. The mineralogy of the dykes is typical for lithium bearing pegmatite dykes, and consists of potassic feldspars, quartz, muscovite and to a lesser extent biotite, tourmaline and rare garnets and very rare beryl. The lithium bearing mineral is spodumene, which varies considerably in both grain size and distribution within the dykes. Spodumene crystals can vary in size from 1 cm to over 10+ cm in size. The GRP dykes often exhibit very large spodumene crystals, often ranging in size from 10-15 cm long, and in the case of GRP-003, larger than the NQ core dimensions. The distribution of the crystals within the dyke intersections is sporadic, with some sections containing up to 25 to 30 percent Spodumene, and other sections that are Spodumene poor to barren, suggesting multiple pulses of fluids and crystal mush from the parent granitic magma. The mineralogy and mineral zonation of the dyke(s) will be the subject of further study in the coming months. Annuncio • May 18
Nova Minerals Limited Recommences Drilling At the Estelle Gold Trend Nova Minerals Limited announced the recommencement of drilling at the Company's Estelle Gold Trend, located in the prolific Tintina gold belt in Alaska. With the timely capital management strategy announced on 11 April 2022, which has now capitalised the company with circa AUD 28,000,000 in cash and further liquid investments underpinning continuous work on the PFS, drilling operations have now recommenced, with the various mine and process optimisation, material haulage and environmental studies still ongoing. Additional drill crews are currently being mobilized to the project site as the Company continues to ramp up the drilling program significantly over the coming weeks, with 4 diamond drill rigs and the RC scout drill to be used this year, and the possibility of further rigs being added later, dependant on assay result confirmations. The drill program planned for this year will be the most important and transformational for the Company to date, with the aim being to increase the size and confidence of both the Korbel and RPM deposits for inclusion in the Phase 2 Scoping Study, due out later this year, and the PFS in 2023. Highlights: The drill program commences in the Korbel Valley with the initial goal of infill drilling the saddle area within the proposed conceptual Korbel Main pit zone to convert additional Inferred resources from the 8.1 Moz total gold resource (3.0 Moz Indicated | 5.1 Moz Inferred ASX Announcement: 23 December 2021) into the higher indicated category; Maiden drill testing the exciting Cathedral target within the greater Korbel Valley, which has reconnaissance rock chip samples of up to 114 g/t, and which geophysics show could potentially be the source of the Korbel Valley mineralized system; Additional near-term opportunity to increase resource tonnages, outside the current 8.1 Moz Resource at Korbel Main (Blocks A and B), at Korbel Blocks C, D, Isabella and You Beauty; RPM drill crews to assemble at site while pad building crews build pads over the coming weeks to follow up on the RPM-005 132m @ 10.1g/t intercept (ASX Announcement: 11 September 2021). Drill rigs are in final preparation of being mobilized to RPM, subject to weather conditions and pads being completed; Field exploration work to commence in coming months to advance the pipeline of additional high priority prospects across the Estelle Gold Trend, with a focus on the RPM surrounds and Muddy Creek; Continue the various mine and process optimisation, material haulage and environmental studies for the Phase 2 Scoping Study, which data will also be incorporated into the PFS, and which will include the Korbel and RPM deposits; Continuous flow of drill results from the ongoing Korbel and RPM programs to be reported throughout the year, as assay results become available; Drill Plan for RPM: The absolute focus of the Company and the drill plans this year is on converting more of the Korbel Main Inferred resource into the higher Indicated category and expanding and converting the high- grade RPM 1.5 Moz @ 2g/t resource into Indicated to feed into the Company's Phase 2 Scoping Study scheduled for delivery later this year. The proposed lower priority extensional drill holes are provisional and subject to change as assay results are returned. Drill rigs may also be moved around from the plan based on assay results as they come in, and if justified further drill rigs may be added. Nova has grown its delineated world-class global gold resource inventory very quickly at the Estelle Gold Trend development since 2018, increasing it by 190% alone since 2020 from 3.3 Moz to 9.6 Moz (including 3.0 Moz Indicated category) and is on track to maintain this trajectory. Growing Gold Resource From 0 to 9.6 Moz in just over 3 years: Strict financial discipline over the past three years has allowed Nova to deliver strong returns on capital and equity, which will only be enhanced in 2022 with less helicopters required, and the independent sample preparation facility fully dialled in for all samples. Nova's discovery cost per ounce to date is less than $3.50/oz, which is well below the industry average of over $20/oz. Annuncio • May 04
Nova Minerals Limited Appoints Rodrigo Pasqua to the Board of Directors Nova Minerals Limited announced that it has appointed experienced mining executive Mr. Rodrigo Pasqua, to the Board of directors to provide technical and corporate advice as the Company progresses the development of its flagship Estelle Gold Project in Alaska. Rodrigo has worked at corporate offices and mining sites across the world, including his tenure at Evolution Mining Limited as Group Head of Mining and Transformation. Technically, Rodrigo's skills encompass most aspects of underground and open pit engineering, going from mining studies, financial valuations and project execution to systems and new technology implementation, operations management, and technical teams' supervision. Rodrigo has worked in a variety of roles on projects in Australia, Africa, Europe, and North and South America. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Craig Bentley was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 12
Nova Minerals Limited Provides an Update on Snow Lake Lithium Proposed Lithium Hydroxide Plant Nova Minerals Limited provided an update on Snow Lake Lithium's proposed creation of a Lithium Hydroxide Plant in South Manitoba. Snow Lake has been a remarkable investment for company and company see the next 12 months as being an exciting and pivotal time for Snow Lake, as it delivers on its key value creating milestones of advancing and expanding its resource, completing its economic and downstream processing studies. Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. has commissioned a scoping study to assess the proposed creation of a Lithium Hydroxide Plant in South Manitoba. The study is a strategically important step towards creating North America's first fully renewable and fully electric, integrated lithium processing operation which is crucial for the future of the electric vehicle industry. Starting in April 2022, the scoping study will accelerate the company towards commercialized lithium production from both Snow Lake Lithium's mine and the proposed lithium hydroxide plant in CentrePort Canada in Southern Manitoba. The study will identify the technologies, innovations, skills and potential partners required to deliver a world-class lithium hydroxide plant within the Manitoba province. Snow Lake Lithium has contracted Primero to deliver the Scoping Study of the Lithium Hydroxide Plant in Southern Manitoba. Primero brings world-class, hands-on lithium experience through its vertically integrated project management across the global resources industry. The scoping study will start in April 2022 and is expected to be completed by Spring 2023. In parallel with this, Snow Lake Lithium will continue its engineering evaluation and drilling programme across its Thompson Brothers Lithium Project site, with the expectation that the mine will transition to commercial production in late 2024. Annuncio • Mar 04
Nova Minerals Limited announces High Grade RPM Gold Exploration and Plant Design Purpose Nova Minerals Limited has defined a number of exciting targets at the High-Grade RPM Gold Project to increase and prove-up the current Inferred Resource. The aim of the extensive drilling program planned for 2022 is to delineate additional high grade Indicated Resources at the RPM Project to include in the production schedule through the Korbel Central Processing Facility as designed in the Scoping Study. The RPM high grade resource provides an exciting opportunity to deliver a higher average mill feed grade and substantially increase and improve the gold production profile over the life of the project. Highlights: Phase 1 - Two rigs drilling 5,000m at the RPM North Deposit to infill around RPM-005 (132m at 10.1 g/t Au) - (RPM-005 returned an overall average grade of 3.5 g/t Au over 400m from surface within the RPM North mineralized zone) and the current Inferred Resource of 23mt at 2g/t for 1.5Moz to prove it up to the higher confidence Indicated status to include in the production schedule immediately; Phase 2 - Three rigs drilling 15,000m at the RPM North Deposit to step-out in order to increase the current resource which remains wide open along strike, depth, and thickness, as well as initial drilling to test the highly prospective RPM South zone which shows a much larger surface footprint from rock chip sampling and geological observations; The initial Scoping Study represents a starter operation that provides a solid platform for growth and identifies clear opportunities for improvements, which the company now intends to aggressively pursue. The Korbel Central Processing Facility, as designed in the Scoping Study, provides the flexibility to schedule feed from numerous ore sources that are expected to come online over the life of the Project. Inclusion of the high-grade RPM resources to feed the centralised 6Mt pa Mill, in order to take advantage of the high sensitivity to grade as outlined in the Scoping Study, is a priority to greatly improve the overall project economics; The gold production rate and project mine life have the potential to grow significantly with continued resource definition and expansion, as demonstrated in recent announcements at the Korbel and RPM Projects, and ongoing exploration activities across the wider Estelle Gold Trend, with a clear early focus to prove up the high grade 1.5Mozs at 2.0g/t Au resource at the RPM North Deposit to the Indicated category as well proving further Indicated and expanding the resource at Korbel. Recent Insider Transactions • Mar 03
Independent Non-Executive Director recently bought AU$238k worth of stock On the 28th of February, Craig Bentley bought around 400k shares on-market at roughly AU$0.59 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$610k more in shares than they have sold in the last 12 months. Annuncio • Feb 18
Nova Minerals Limited Appoints Craig Bentley as Non-Executive Director Nova Minerals Limited announced the appointment of Mr. Craig Bentley to the board, as non-executive director with immediate effect. As part of his role with the company, Mr. Bentley will also be tasked with compliance and risk management, as well as assisting with the company's strategy during the company's forecasted rapid growth period. Annuncio • Feb 16
Nova Minerals Limited Announces Update on Estelle Gold Trend Nova Minerals Limited completed starter pit mine plan and pit optimization program at the company's Korbel Gold Project in Alaska, ahead of releasing its Scoping Study in the next few weeks. Korbel Project starter pit mine plan completed. The scoping studies remain on track on the Korbel project, which lies at the northern end of the company's Estelle Gold Trend development, 35km long corridor of 21 identified gold prospects bracketed by the RPM project in the south. Currently, these two flagship projects have a combined total estimated JORC gold resource of 9.6 million ounces(Moz) (3.0 Moz Indicated and 6.6 Moz Inferred)1. The starter pit scoping study is focused around Korbel's 3.0 Moz indicated resource. Nova's Estelle gold trend lies within Alaska's prolific Tintina gold belt, a province which hosts a 220 Moz documented gold endowment and some of the world's largest gold mines and discoveries including Victoria gold's eagle mine and Kinross gold corporation's fort knox gold mine. Mr. Gerteisen emphasised that the company's upcoming scoping study was only contained to its Korbel Main prospect and did not include other major targets in close proximity including Cathedral, Isabella, Blocks C&D, Portage, You Beauty and NK. Annuncio • Feb 01
Nova Minerals Limited Announces Resignation of Romy Hersham as Joint Company Secretary Nova Minerals Limited announced that Mr. Romy Hersham has stepped down as joint Company Secretary with immediate effect. Mr. Ian Pamensky is now the sole Company Secretary. Annuncio • Jan 19
Nova Minerals Limited Announces Geophysics Confirms Extension of Rpm High-Grade Gold Deposit Nova Minerals Limited is gearing up to commence further resource development drilling at the company's Estelle Gold Project in Alaska's prolific Tintina Gold Belt after geophysics confirmed further continuous zones at the RPM deposit. Hosting a current total estimated JORC gold resource of 9.6Moz, Estelle is a 35km long corridor of 17 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. Magnetic anomaly in regional geophysics confirms a 1km continuity of the mineralized intrusive contact zone recently identified by drill hole RPM-005. The anomaly correlates directly with the high grade mineralized intrusive contact and is further supported by drillhole structural data and surface geological observations. The unconstrained 3D magnetic inversion modeling was performed on regional scale airborne geophysical data flown by Fugro Geoservices Inc. during 2008 and obtained from the Alaskan Division of Geological and Geophysical Surveys (DGGS). The models were created using the GeoSoft Voxi modeling software and incorporated digital elevation models provided by Nova Minerals. The 3D magnetic Inversions were performed by RDF Consulting Ltd. based in Newfoundland, Canada. RDF has over 30 years experience performing geophysical and geological consulting services to the exploration and mining industry in Canada and internationally. All work was performed by a qualified and professionally registered geophysicist. Gold deposits at Estelle are classified as Intrusive Related Gold Systems (IRGS). At RPM mineralization is closely associated with a series of E-W striking, steep dipping Grano-Diorite Intrusive dikes. Geological observations from drill core at RPM North shows these dikes to vary from 50-150m in thickness with high-grade bonanza zones, as intersected in hole RPM-005, focussed along the intrusive hanging wall contact emplaced within a Hornfels sediment country rock. The contrast in magnetic signature between the Intrusive versus Hornfels is extreme, with the intrusive units exhibiting a much higher magnetic response relative to surrounding Hornfels. Locating and confirming continuity of the Intrusive dike units is a critical component to potentially intersecting additional high-grade material to expand the resource at RPM. In plan view, the southern edge of the magnetic high correlates to a barren sharp footwall contact of the intrusive dike unit, whereas the north side of the anomaly appears as a more disrupted, attributed to the geological process related to mineralization which extends beyond the hanging wall contact into the surrounding Hornfels rocks. This is a strongly data supported target with massive potential upside in light of the previous bonanza intercepts in drill hole RPM-005. As such, follow up resource step out drilling is planned to commence in 2022 to confirm this interpretation. The magnetic high target at RPM South is interpreted to be a further Intrusive dike unit as per RPM North. Although the magnetic anomaly is not as strong, geological observations confirm grano-diorite Intrusive rocks at surface, as well as a large footprint of high grade rock chip samples up to 103g/t. RPM South is considered a prime corollary target which remains untested to date. As such, drilling is planned in 2022 to test this target at RPM South to potentially add significant to the RPM resource. Follow up work program: Program planning and design now complete as Nova ramps up to continue drilling at RPM with the aim to expand and prove-up the existing 1.5Mozs Au Inferred resource. A minimum of 2 rigs gearing up to commence 2022 RPM resource development drilling programs. Over 20,000m of diamond drilling planned at RPM North to extend strike up to 1km to the west as confirmed by magnetic anomaly. Dense drill spacing around existing resource area aimed at proving up significant portion of RPM resource to higher confidence Indicated status. Over 3,000m of diamond drilling planned to intersect and define additional resources at RPM South, which shows a much larger surface sample mineralized footprint. Ground and/or drone detailed IP geophysics surveys across the RPM wider prospect area to further identify additional mineralised zones. Annuncio • Dec 23
Nova Minerals Limited Increases its Total Gold Resource Estimate by 54.9% to 9.6 Million Ounces at its Flagship Estelle Project, Located in Alaska's Prolific Tintina Gold Province Nova Minerals Limited has increased its total gold resource estimate by 54.9% to 9.6 million ounces (Moz) at its flagship Estelle Project, located in Alaska's prolific Tintina Gold Province. The 9.6 Moz gold resource at Estelle is hosted at the company's primary Korbel and RPM deposits, two of 15 major prospects over a 324m2 exploration tenement, and was estimated in accordance with the JORC Code (2012) and classified as follows: Korbel Main Deposit - Indicated 286Mt @ 0.3 g/t Au for 3.0Mozs (cut-off 0.15 Au g/t). Korbel Main Deposit - Inferred 583Mt @ 0.3 g/t Au for 5.1Mozs (cut-off 0.15 Au g/t). RPM Deposit - Inferred 23Mt @ 2.0g/t Au for 1.5Mozs (cut off 0.30 Au g/t). The company's maiden 3.0Mozs Indicated Resource at Korbel Main follows ongoing infill and extension drilling at the site, which is located in the tenement's north. Inferred Resources at Korbel increased from 4.7Moz to 5.1 Moz. The RPM deposit in the tenement's south maintains an Inferred Resource of 1.5Mozs after Phase 1 resource drilling in October was highlighted by bonanza grades including 132m at 10.1g/t Au.1. Nova Minerals chief executive, Mr. Christopher Gerteisen, said the upgrade supported his high confidence in the Estelle Project, which shares geological characteristics analogous to other major Alaskan gold mines including Victoria Gold's Eagle Mine and Kinross Gold Corporation's Fort Knox Gold Mine. Recent Insider Transactions • Nov 09
Non-Executive Chairman recently bought AU$159k worth of stock On the 4th of November, David Hersham bought around 1m shares on-market at roughly AU$0.14 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Oct 30
Executive Director exercised options to buy AU$685k worth of stock. On the 29th of October, Louie Simens exercised options to buy 5m shares at a strike price of around AU$0.032, costing a total of AU$148k. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. Since June 2021, Louie has owned 58.94m shares directly. Company insiders have collectively bought AU$163k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Sep 29
Nova Minerals Limited announced that it expects to receive AUD 12 million in funding Nova Minerals Limited announced a private placement of 109,090,910 shares at a price of AUD 0.11 per share for gross proceeds of AUD 12,000,000.1 on September 27, 2021. The company will also issue 12,000,000 options in the transaction. The options will be exercisable at a price of AUD 0.22 for a period of 2 years. Annuncio • Jun 16
Nova Minerals Limited Announces That Drilling at RPM Nova Minerals Limited announced that drilling at RPM has commenced within the company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt. Reconnaissance mapping and sampling was conducted on the RPM target, south of the Korbel blocks. Sampling focused on the quartz-tourmaline-arsenopyrite veining present as stockwork and sheeted vein sets contained in felsic intrusive outcrops within the target area. Spectacular high-grade gold values of 103 g/t and 291 g/t Au were returned from high-grade vein samples collected from outcrop. A total of 37 rock samples were collected in outcrop, subcrop, and locally derived float. Arsenopyrite and lesser amounts of chalcopyrite and pyrite are observed as disseminated sulphides within felsic intrusives and adjacent hornfels, as well as vein-hosted in both sheeted and stockwork quartz-tourmaline veins also hosted within the felsic intrusive. Mineralization extends into the nearby hornfels, but is primarily hosted within the intrusive rocks. These high-grade samples, in addition to numerous multi-gram per tonne rock samples, further confirm the correlation between gold and arsenopyrite within the district. These newly discovered mineralized zones have increased the previously understood extent of the RPM system and elevates the RPM target to one of Nova Mineral's highest priority drilling targets for the 2021 drilling campaign. Annuncio • Jun 09
Nova Minerals Limited Announces Significant Early Results at Korbel Main South East Zone Nova Minerals Limited announced that the significant grades at Korbel Main, within the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt. Korbel Drilling is ongoing with almost 10,000m drilled to date and further results to follow in the near term. Geologically, some of these samples are looking very promising, showing encouraging gold grade indicators in terms mineralogy and high vein densities as revealed in hole KBDH-066. They are currently establishing an on-site sample prep-lab facility which will result in reduced cost per assay and faster turnaround. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalisation and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at the Project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that cause results not to be as anticipated, estimated or intended, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward looking information is made as of the date of this announcement and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws. Annuncio • Mar 15
Nova Minerals Limited Receives Highly Encouraging Results from Further Ore Sorting Test Work on Mineralization from Its Bulk Tonnage Korbel Main Deposit in Alaska Nova Minerals Limited advised that it has received highly encouraging results from further ore sorting test work on mineralization from its bulk tonnage Korbel Main deposit in Alaska, confirming the potential for this technology to significantly enhance the project. Samples for this test work were selected from KBDH-005 and KBDH-025. These holes represent the discovery holes from the South-East extension drilled in 2020. The South-East extension will be explored further in the 2021 spring drilling campaign. Both of these holes were sampled top to bottom and split into two lots. One lot was kept at the project in Alaska for back-up and future test work, and the second lot was sent to TOMRA in Castle Hill, Sydney for XRT Sorting. TOMRA then blended the material together and split them into two sub-lots of 588 kg each. TOMRA will keep one sub-lot for future test work; the second lot was run through the XRT Sorting Equipment. The sub-lot was run through the equipment in 4 Stages. Both Products and waste were sampled and sent to Bureau Veritas (Adelaide) for Fire Assay (FA0001). After each run TOMRA scanned the material checking for the higher density Arsenopyrite material at the end of each Stage. Note: By Stage 4 the XRT sorter has picked out almost all material that has Arsenopyrite mineralization with the final Waste grading at 0.12 g/t Au, essential back ground gold content for the Granites at Korbel Main. Conclusion - Sensor based particle sorting tests on a 588kg sample confirmed the viability for it to be included in the upcoming Scoping Study. By concentrating the highest-grade rocks into a relatively small mass, Nova Minerals could create a high value material that is suited for high recovery extraction through to cyanidation. This method is intended to reduce cost per oz, lower cut-off grade, lower energy usages and increase gold production. Annuncio • Feb 16
Nova Minerals Limited Provides an Update on Further Results at Estelle Gold Project Located in the Prolific Tintina Gold Belt Nova Minerals Limited provide an update on further results at the Company's Estelle Gold Project located in the prolific Tintina Gold Belt. Established 3.3Moz gold resource at Korbel Blocks A and B supported by the first 16 holes. Updated Mineral Resource estimate now scheduled for April 2021 supported by 81 holes completed to date at the Korbel Main deposit (PAD1-4, and 6). Continuous gold zone at Korbel Main extends across >1800m strike length. Significant growth potential remains as deposit remains wide open. Many holes end in mineralisation or have further depth potential. New zones discovered, particularly to the south-east, north-west increase mineralised strike length by 60%. Significant upside remains within the Korbel deposit area with numerous additional geophysical anomalies drill tested at Blocks C, D and Isabella as well as high-grade rock chip results returned from Cathedral. Drilling continues in these zones. Korbel is only one of fifteen known prospects within the Estelle gold district. PEA scheduled for completion mid 2021 with an aim to investigate lower capital cost along with scalable and flexible mining alternatives at Korbel Drilling now scheduled at RPM for commencement in early second quarter of 2021 with Maiden Resource Estimate expected in late 2021. Annuncio • Feb 02
Nova Minerals Limited Provides Update on Further Drilling Results at Estelle Gold Project Located in the Prolific Tintina Gold Belt Nova Minerals Limited provided an update on further drilling results at the Company's Estelle Gold Project located in the prolific Tintina Gold Belt. Wide near surface intersections from Pad 6 at Korbel Main South-East extends strike of already identified mineralised zone by 30%, 174m @ 0.6 g/t (104 gram-meters) incl. 61m @ 0.9 g/t, 24m @ 1.0 g/t, 21m @ 1.2 g/t and 3m @ 4.2 g/t in KDBH-052, KBDH-052 returned an overall average grade of 0.4 g/t Au over 320m (128 gram- meters) within the Korbel intrusive. 256m @ 0.4 g/t (102 gram-meters) incl. 61m @ 0.8 g/t, 46m @ 0.9 g/t and 18m @ 1.0 g/t in KBDH-056, Assays for KBDH-054, KBDH-050 from PAD6 and KBDH-021, KBDH-023 from PAD4 are now imminent. Further higher-grade zones (1+ g/t) continuing within the structure PEA under preparation aiming to investigate optimal capital costs and mining and treatment alternatives at Korbel Main. Over 16,000m of drill samples (30 holes) will be assayed during the current quarter. Further resource upgrade due in Second Quarter 2021 supported by assays from all holes completed by 31 December 2020 at the Korbel Main deposit (PAD1-4, and 6). Annuncio • Dec 21
Nova Minerals Limited Elects Mr. David Hersham as A Director The directors of Nova Minerals Limited advised that shareholders Elected Mr. David Hersham as A Director in Annual General Meeting on 21 December, 2020. Annuncio • Dec 20
Nova Minerals Limited Announces Phase 1 Ore Sorting Results from Korbel Main Nova Minerals Limited provided an update on ore sorting test results at the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt. Nova cautions this test work is on only one relatively small
volume sample (10kg) and further test work is planned to provide additional confidence in the ore sorting technique. Ore Sorting Background: Various forms of ore sorting are increasingly used in many commercial mines throughout the world and in operation on large scale, including manganese, iron ore, nickel, phosphate, uranium, coal and gold mines. Australian companies either carrying out test work or using ore sorting in their mines includes: Newcrest, Evolution, Northern Star, St Barbara, KCGM, Saracen, Westgold and Resolute. Ore sorting is typically the separation of a target mineralogy, ore or element from waste. These technologies can be separated into two categories: particle sorters and bulk sorters. Ore sorting can be: Accurate with high recovery; High tonnage; mature and proven technology; and key to removing variability in plant feed. Ore sorting can create additional value in the mining and processing functions, potentially including: increase in deposit exploitation and life of mine; decrease in mining costs; efficient preconditioning of ore providing reliable ore availability; decrease in haul costs; increases in production; reduced energy costs and water consumption; reduced tailings requirements; and saleable coarse waste product. Ore sorting aims to reject the baren portion of the mined mass prior to the haulage, crushing and
processing stages. Sensor-based ore particle sorting can be used to significantly upgrade run-of-mine ores prior to feeding to the concentrator. Numerous benefits can be achieved including lower plant capital costs, lower plant operating cost, lower unit mining costs and potential extension to the mine life. Benefits in the plant can include a significant reduction in energy, water and reagent consumption, as well as higher gold production. ABH Engineering Evaluation: In scoping studies, utilizing data obtained from the 2019 R/C drilling, bulk sorting has been shown to upgrade Estelle's 0.25g/t material to 0.31g/t with a reject grade of 0.06g/t. Mass rejection in this scenario was 25%. Initial particle sorting test work showed a potential to create an upgraded material stream of 6g/t using dual energy Xray transmission and samples from Estelle. Potential Impacts: The rejection of waste allows barren or near barren waste material to be rejected from the system without incurring additional processing costs. At the same time, rejected material can be replaced with higher grade material. The ability to create high and low grade material streams allows the company to maximize recovery for high value material, while maintaining low cost heap extraction for low-medium value material. Initial particle sorting work is ongoing with completion scheduled for early January 2021.
Particle sorting work on a larger representative sample is being planned for the first quarter of 2021 with results expected in early in the second quarter of 2021. An advanced stage of bulk sorting test work is beginning, with results expected early second quarter of 2021. Annuncio • Dec 09
Nova Minerals Limited Appoints Colin Belshaw to the Board Nova Minerals Limited announced the appointment of highly experienced international mining professional Colin Belshaw as a non-executive Director. The appointment comes as Nova's Korbel Main prospect makes the transition from exploration to development. Korbel Main forms part of the Company's large-scale Estelle Gold Project in Alaska. Mr. Belshaw will provide valuable advice on development, mining operations and on the strategic extension of the gold resource within the Estelle gold district. His career spans four decades of base metals and gold mining across three continents.