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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.510 -0.165 (-24.44%)+
Announcement
Release
28 May 2026 8:58AM
Price at Release
$0.675
Full Release
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Summary
Nova Minerals Limited has announced the commencement of its fully funded 2026 exploration and project development programs at the Estelle Gold and Critical Minerals Project in Alaska. The program includes an extensive drilling campaign of up to 10,000 meters, focusing on gold resource expansion and antimony development, supported by a US$43.4 million U.S. Department of War award. Key efforts include advancing the RPM deposit, the Stibium and Styx antimony prospects, and streamlining permitting processes. The company has mobilized a team for one of its largest field programs to date, with significant infrastructure and equipment already delivered to the site. This initiative aims to establish Nova as a key player in the U.S. critical minerals sector while progressing towards antimony production and a vertically integrated supply chain.
Key Points
  • Nova Minerals Limited commences 2026 exploration and project development programs.
  • Focus on the Estelle Gold and Critical Minerals Project in Alaska.
  • Extensive 10,000-meter drilling campaign planned.
  • Aimed at gold resource expansion and antimony development.
  • Supported by a US$43.4 million U.S. Department of War award.
  • Advancing RPM deposit, Stibium and Styx antimony prospects, and permitting activities.
  • Fully funded with over A$85 million available.
  • Positioning as a key player in the U.S. critical minerals sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.