Nova Minerals Limited American Depositary Shares - NVA STOCK NEWS

Nova Minerals (NVA) reported significant results from its 2024 exploration program at the Estelle Gold and Critical Minerals Project in Alaska. The company's drilling program at RPM delivered high-grade gold results, including notable intersections of 29m @ 7.1 g/t Au from surface and multiple broad intersections grading >5 g/t Au.

Surface exploration revealed impressive findings at multiple prospects: Muddy Creek extended by 400m with samples up to 128.5 g/t Au, Stibium showing gold results up to 141 g/t Au, and high-grade antimony samples up to 56.7% Sb. The company strengthened its financial position by selling its Snow Lake Resources shares for US$6.73 million and eliminating its Nebari debt facility through share conversion.

Nova currently has approximately A$16 million in cash and is advancing its Pre-Feasibility Study, considering various development options including a smaller-scale operation at RPM for near-term cashflow and a larger mining operation for increased production.

Nova Minerals (NVA) has announced significant findings at its Stibium prospect within the Estelle Gold and Critical Minerals Project in Alaska. The company identified high-grade gold and antimony targets through soil sampling, revealing an extensive mineralized zone measuring 800m by 400m.

Key findings include:

• 35 soil samples exceeding 1 g/t Au, with peaks up to 25.6 g/t Au
• 10 soil samples above 0.1% Sb, reaching up to 2.8% Sb
• Rock sampling yielded up to 141 g/t Au and 60.5% Sb

The company is advancing US grant applications for antimony development, particularly significant given China's recent export ban on antimony to the US. Nova plans to commence resource drilling programs at Stibium and RPM in 2025, with the prospect offering favorable access conditions for drilling operations.

Nova Minerals (NVA) has announced the elimination of its convertible debt facility with Nebari Gold Fund through conversion into ordinary shares. Nebari will convert approximately US$5.42m of outstanding debt into shares at A$0.25 per share. This follows Nova's recent sale of its Snow Lake Resources investment, which generated US$6.73M (AU$10.85M) in gross proceeds.

The company has also received A$795,761 from NASDAQ warrant exercises since January 2025, bringing its total cash reserves to approximately A$16m (~US$9.9m). Nova is now debt-free and plans to use these funds to accelerate development of its Estelle Gold and Critical Minerals Project, focusing on both gold production and establishing a domestic antimony supply chain in the US.

Gorilla Technology Group (NASDAQ:GRRR) and Nova Minerals will be featured on Bloomberg TV's RedChip Small Stocks, Big Money™ show on January 4, 2025. In his interview, Gorilla's interim-CFO Bruce Bower discusses the company's position as an AI solutions leader with a $2 billion project pipeline and $93 million backlog. The company projects 2025 revenue between $90-100 million, targeting growth across U.S., EMEA, and Southeast Asian markets.

Nova Minerals' CEO Christopher Gerteisen presents their Estelle Gold Project in Alaska, featuring a 5.2 million ounces pit-constrained S-K 1300 compliant gold resource. The company is conducting metallurgical and flow sheet work for their Feasibility Study, which may include revenue potential from antimony minerals. The project is located in a region known for major gold deposits including Donlin Creek (45Moz), Fort Knox (11Moz), and Pogo (6.9Moz).

Nova Minerals (NVA) has announced the sale of its 6.6 million shares in Snow Lake Resources for $6.73 million. The company has allocated $4 million of the proceeds to reduce the Nebari loan, leaving only $1.42 million in debt. The remaining funds will support exploration and development activities at the Estelle Gold and Critical Minerals Project in Alaska, focusing on RPM and antimony prospects.

Additionally, Nova has received approximately $0.79 million from the exercise of 109,237 warrants over recent months. The company aims to strengthen its position in antimony, a critical mineral with growing demand in emerging industries and defense purposes, while advancing its gold assets. The strategic moves align with Nova's objective to optimize its asset portfolio and create long-term shareholder value.

Nova Minerals (NVA) has announced significant gold and antimony discoveries at its Stibium prospect within the Estelle Gold and Critical Minerals Project in Alaska. The 2024 exploration program revealed an extensive 800m long by 400m wide gold and antimony-rich zone, with rock samples yielding up to 141 g/t Au and 56.7% Sb. Seven samples returned values greater than 20 g/t Au, and 16 samples exceeded 5 g/t Au.

The Stibium occurrence, hosted in quartz diorite intrusive rocks and hornfels sedimentary rock, remains open. A bulk sample collected from a 3.5m wide zone returned an average composite grade of 10.3 g/t Au and 0.5% Sb. The company plans additional bulk sampling from high-grade antimony zones identified across the prospect area.

Nova Minerals has announced significant antimony discoveries at its Stibium prospect within the Estelle Gold and Critical Minerals Project in Alaska. The 2024 exploration season revealed an extensive antimony-rich zone measuring 800m by 400m, with exceptional grades up to 56.7% Sb from rock samples.

Key findings include multiple high-grade samples above 30% Sb, with the top samples measuring 56.7%, 55.7%, 54.8%, and 54.5% Sb. The company collected a 2,500kg bulk sample for metallurgical testing and completed an extensive sampling program with 80 rock samples and 180 soil samples.

As a member of the Defense Industrial Base Consortium (DIBC), Nova is advancing with Department of Defense grant applications, particularly significant given China's recent ban on antimony exports to the US. Antimony is listed as a critical mineral by both US and EU authorities.

Nova Minerals (NASDAQ: NVA) has announced two upcoming investor webinars to present details about its Estelle Gold and Critical Minerals Project. CEO Christopher Gerteisen will host presentations at the Emerging Growth Conference on December 5, 2024, at 1:10 PM EST and the RedChip Investor Webinar on December 11, 2024, at 4:15 PM EST.

The presentations will cover three development options under investigation as part of feasibility studies, potential Department of Defense grants, recent assay results, and the company's exploration strategy and path towards production. Investors can submit questions in advance or during the events, and archived webcasts will be available on Nova's website.

Nova Minerals (NVA) has announced significant gold surface sample results from its 2024 exploration at the Muddy Creek prospect within its Estelle Gold and Critical Minerals Project in Alaska. The sampling revealed 6 rock samples grading >10 g/t Au and 8 soil samples grading >2 g/t Au, extending the high-grade gold zone by 400m. Notable results include rock samples up to 128.5 g/t Au and soil samples up to 6.3 g/t Au. The Muddy Creek high-grade zone now measures 800m x 400m, with mineralization hosted in arsenopyrite-bearing quartz veins in granodiorite intrusive rocks.