A new Executive Informational Overview is now available on Nova Minerals, Ltd. (NVA-NASDAQ)/(NVA-ASX), a gold, antimony, and critical minerals exploration and development company focused on advancing its flagship Estelle Project in Alaska, where it holds an 85% interest. This 66-page report explores Nova's business model, growth strategy, market opportunity, competitive landscape, and key risks. Download the full report below.
Snapshot
Nova Minerals Limited (“Nova” or “the Company”) is a gold, antimony, and critical minerals exploration and development company focused on advancing its flagship Estelle Project in Alaska, where it holds an 85% interest. Estelle sits on mining-friendly, state-owned land in the prolific Tintina Gold Belt. The district-scale project spans 514 km² and hosts more than 20 gold and antimony prospects. Its two main gold deposits, Korbel and RPM, support a JORC-compliant resource of 9.9 million ounces of gold, making Estelle one of the largest undeveloped gold projects globally. The region also has a long history of antimony production. Nova is prioritizing seven gold-antimony prospects for near-term evaluation and development, led by Stibium and Styx, where stibnite is exposed at surface. Backed by strong federal, state, and local support, and with the U.S. Department of War recognizing the strategic value of Nova’s antimony assets, the Company is executing a dual-commodity strategy. It is advancing its gold assets toward tier-one scale while using the US$43.4 million U.S. Department of War award to build a fully domestic, integrated antimony supply chain in the U.S., targeting military-grade production in 2026/2027. The Company trades on both the NASDAQ and Australian Stock Exchange (ASX).
Key Points of Nova Minerals Ltd.
- Gold and antimony prices have reached record highs during 2025, with gold exceeding US$4,000/oz for the first time and antimony prices rising to nearly US$63,000/ton, more than quadrupling since early 2024.
- Estelle is among the largest undeveloped gold projects globally. In 2025, Nova is drilling to advance the RPM and Korbel deposits toward feasibility and permitting. The project has also been independently identified as one of only nine worldwide—and just two in the U.S.—with near-term antimony production potential, positioning Nova to help reduce U.S. reliance on foreign supply.
- A 2023 JORC compliant scoping study yielded an estimated pre-tax NPV of US$654 million, and an IRR of ~53%. Of note, the study focused on only the three gold locations, without considering antimony operations, and used a base gold price of US$1,850/oz. With gold recently surpassing US$4,000/oz in October 2025, the project’s outlook has significantly improved.
- Nova was awarded US$43.4 million in funding from the U.S. Department of War (formerly the Department of Defense) to onshore a domestic U.S. supply chain for the critical mineral antimony based in Alaska.
- Nova is led by an experienced management team with a history of advancing resource projects into production, and who have collectively invested over US$5 million in the Company.
- By quarter-end September 2025, Nova had over A$86.3 million available: A$17.5 million in cash, a US$43.4 million (A$65.5 million) 24-month U.S. Department of War award for Alaska antimony, and about A$3.3 million in liquid investments and in-the-money warrants, with no debt.
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Nova Minerals: Inside Alaska’s Gold and Antimony Strategy
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