Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Nova Minerals Ltd (NVA.ASX) |
|---|---|
| Release Time | 27 Oct 2025, 8:28 a.m. |
| Price Sensitive | Yes |
Nova Minerals Secures US$43.4M for Domestic Antimony Supply
- Awarded US$43.4M from U.S. Department of War to accelerate antimony production
- Advancing dual-commodity strategy: Estelle gold and antimony assets
- Robust balance sheet with over A$86.3M in funding
Nova Minerals Limited has reported a highly active quarter, marked by the execution of the 2025 drilling and surface exploration programs at its Estelle Project, as well as numerous executive visits to Alaska, New York, and Washington DC. These efforts culminated in the award of US$43.4 million on October 1, 2025, from the U.S. Department of War (DoW) to Nova's wholly owned U.S. subsidiary, Alaska Range Resources LLC. The funding is intended to accelerate the development of a fully domestic, integrated antimony supply chain in Alaska. Nova continues to advance its dual-commodity strategy, which includes accelerating the development of Estelle's gold assets into a Tier 1 global gold producer, and fast-tracking the development of Estelle's antimony assets to establish the first fully integrated domestic antimony supply chain in Alaska, supporting U.S. critical mineral independence. The company has also made progress on the West Susitna Access Road, a critical infrastructure project aimed at supporting the Estelle Project and regional development. Additionally, Nova has achieved several key milestones toward producing military-grade antimony by 2026/27, including commencing resource drilling, stockpiling surface antimony ore for refining, and securing land permits for a refinery at Port MacKenzie. The company also made a strategic investment in Adelong Gold Limited, a gold-antimony explorer and near-term producer with high-grade projects in Australia and Brazil.
Nova Minerals continues to advance its dual-commodity strategy at the Estelle Project, focused on accelerating the development of its gold assets into a Tier 1 global gold producer, while also fast-tracking the development of its antimony assets to establish the first fully integrated domestic antimony supply chain in Alaska, supporting U.S. critical mineral independence.