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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.
Nova Minerals has announced significant antimony discoveries from its 2024 exploration season at the Styx prospect within its Estelle Gold and Critical Minerals Project in Alaska. Surface sampling revealed exceptional antimony grades up to 54.1% Sb, with additional samples showing 39.1% and 28.0% Sb. The main Styx occurrence features a ~1m thick quartz-stibnite vein with 50% stibnite, exposed over 20m. The anomaly likely extends over a 150m strike length. A 500kg bulk sample was collected for metallurgical testing. Nova, through its subsidiary, has joined the Defense Industrial Base Consortium and is advancing in the Department of Defense grant application process, noting antimony's status as a critical mineral for US security.
Nova Minerals (NASDAQ: NVA) has completed its 2024 Estelle drilling and surface exploration programs, with initial results showing high-grade gold continuity at RPM North. Key drilling results include intersections of 43m @ 4.4 g/t Au and 45m @ 3.4 g/t Au from surface. The company has advanced antimony discoveries at Stibium and Styx, with bulk samples collected for metallurgical testing. Nova is pursuing a staged development strategy, considering a smaller-scale operation at RPM for near-term cashflow and potential fast-track antimony production. The company completed its NASDAQ listing, raising US$3.3m, followed by an additional US$2.4m raise, maintaining approximately $9.4m in cash and liquid investments.
Nova Minerals (NASDAQ: NVA) announced its participation in the ThinkEquity conference in New York on October 30, 2024. The company, which focuses on the Estelle Gold Project in Alaska, will also conduct a road show for US investors during the same week. Nova has made available both a PDF version of their presentation and an interactive 3D Vrify version, which includes their 2024 drilling results, on their company website.
Nova Minerals announced significant results from its final six holes of the 21-hole reverse circulation drilling program at the RPM starter pit area within the Estelle Gold Project in Alaska. Notable intercepts include 29m @ 7.1 g/t Au from surface, with some sections reaching up to 52.7 g/t Au. The 2024 drilling program extended the high-grade core zone at RPM to surface with over 20 significant broad intercepts grading >5 g/t Au. All drill holes ended in gold mineralization. A resource update including both 2023 and 2024 drill results is underway, along with a Pre-Feasibility Study focusing on developing RPM as a scalable, low-capex starter operation.
Nova Minerals (NASDAQ: NVA) will present at The ThinkEquity Conference on October 30, 2024, highlighting advancements in its Estelle Project in Alaska. The project, spanning 514 km2 in the Tintina Gold Belt, contains two near-surface multi-million-ounce gold resources and several drill-ready antimony prospects. Nova has commenced a Feasibility Study considering a scalable operation starting with the high-grade RPM deposit for potential near-term cashflow.
The company is also investigating fast-tracking its Stibium gold-antimony prospect, potentially with US Department of Defense support, given recent export restrictions on antimony from China. With an experienced Alaska-based CEO, clear permitting pathway, and strong exploration potential, Nova Minerals presents an attractive asset for investors in the gold and critical minerals sectors.
Nova Minerals (NASDAQ: NVA) has announced high-grade gold intercepts from seven holes of its 21-hole reverse circulation drilling program at the RPM starter pit area within its Estelle Gold Project in Alaska. Highlights include:
- RPMRC-24016: 39m @ 5.4 g/t Au from surface, including 25m @ 8.2 g/t Au from surface
- RPMRC-24015: 26m @ 3.7 g/t Au from surface
- RPMRC-24009: 46m @ 1.9 g/t Au from 1m
The drilling program focused on near-surface mineralization <50m in depth to support the RPM starter mine Feasibility Study. All drill holes ended in gold mineralization. Nova Minerals CEO Christopher Gerteisen stated that these results bode well for the upcoming resource update and PFS, which will focus on RPM as a scalable, low capex/high margin project.
The company is progressing towards production and early cashflow at RPM within the greater Estelle gold and critical minerals district.
RedChip Companies will air interviews with Alliance Entertainment Holding (Nasdaq:AENT) and Nova Minerals (Nasdaq:NVA) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 5, at 7 p.m. ET. Bruce Ogilvie, Executive Chairman of Alliance Entertainment, discusses the company's position as the leader in physical media distribution, highlighting its $4.6 million net income in fiscal 2024, a $40 million improvement from the previous year.
Christopher Gerteisen, CEO of Nova Minerals, presents the company's Estelle Gold Project in Alaska, which holds a 5.2 million ounce gold resource. Nova Minerals trades at A$6 per ounce of gold on an enterprise value basis, compared to the sector average of A$70/oz. The company is conducting a Feasibility Study expected to optimize project economics and incorporate critical minerals like antimony.
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