Nova Winter Freight Season Complete - Updated Link

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Stock Nova Minerals Ltd (NVA.ASX)
Release Time 11 May 2026, 8:50 a.m.
Price Sensitive Yes
 Nova Completes Successful Winter Freight Season for Estelle Project
Key Points
  • Delivered 1.5 million pounds of essential mining and processing equipment to Estelle base camp
  • Commenced construction of Stibium access trail and airstrip expansion
  • Preparing for aggressive 2026 drill program and start of antimony production
Full Summary

Nova Minerals Limited has announced the successful completion of its 2026 winter freight mobilization to the Estelle Project in Alaska. All essential heavy equipment and supplies needed for the mining, extraction, and processing of antimony ore have now been delivered to the site. This includes heavy earthmoving and haulage equipment, construction materials for the Stibium access trail, crushing and ore sorting equipment, and camp expansion and logistics support items. The company's General Manager commented that this was the largest freight season ever seen in the area, with the team working together to deliver the equipment. With the fleet of equipment now on site, Nova is ready to commence three new projects: constructing the Stibium access trail, expanding the existing airstrip, and building an ore sorting and onsite processing plant at the camp. These activities will be combined with an aggressive drill program, making 2026 a very busy and productive year for the company as it advances the Estelle Gold and Critical Minerals Project towards production.

Guidance

Nova is targeting late 2026/2027 for the start of antimony production from the Estelle Project, with the critical minerals strategy fully funded by a US$43.4 million U.S. Department of War award.

Outlook

Nova is focused on advancing the Estelle Gold and Critical Minerals Project, which hosts two defined multi-million-ounce gold resources and more than 20 prospects along a 35-kilometre mineralized trend. The company is working towards commencing antimony production, while also pursuing an aggressive drill program to further develop the project's significant gold potential.