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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.595 0.055 (10.19%)+
Announcement
Release
30 Jun 2026 8:19AM
Price at Release
$0.540
Full Release
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Summary
Nova Minerals Limited announced significant results from their metallurgical test program on the Korbel deposit, which demonstrated the potential for coarse particle flotation to produce high-grade gold concentrates with up to 26.7 g/t Au and over 95% recovery. The coarse particle flotation technology could lower processing costs and is part of a broader Pre-Feasibility Study focusing on optimizing production and plant design. These promising results are set to enhance the economic viability of the Korbel deposit, leveraging a technology that allows for early upgrading of ore and improved downstream processing efficiency.
Key Points
  • Nova Minerals Corp reported results from bench-scale rougher flotation testing on low-grade Korbel ore.
  • The flotation tests produced high-grade gold concentrate up to 26.7 g/t Au with recoveries exceeding 95%.
  • The tests were part of an ongoing Pre-Feasibility Study (PFS) level metallurgical test-work program.
  • Coarse particle flotation technology used has potential to reduce processing costs while maintaining high gold recovery.
  • The application of this technology could significantly enhance the project's economics at the Korbel deposit.
  • Test work was conducted on samples from diamond drill core representing primarily fresh sulfide intrusive-hosted ore.
  • Nova Minerals plans further optimisation of its production flowsheet and plant design.
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.