NVA Price sensitive 28 May 2026, 8:58 AM

Nova Commences 2026 Estelle Exploration and Programs

Nova Minerals Corp

Nova Commences 2026 Estelle Exploration and Programs

Key points

  • Fully funded 2026 exploration and development programs underway
  • Over A$85 million available through cash and DoW funding
  • Extensive drilling and surface exploration planned across multiple targets

Full summary

Nova Minerals Ltd. has announced the commencement of its 2026 exploration and development programs at the Estelle Gold and Critical Minerals Project in Alaska. The programs are fully funded, with over A$85 million available through cash and Department of War (DoW) award funding. The exploration program includes up to 10,000 meters of drilling focused on high-priority infill and expansion targets at the RPM deposit, alongside advancement of antimony prospects. The development program includes the construction of site infrastructure, an antimony refinery, and an onsite crushing and ore sorting facility. Nova Minerals aims to advance the Estelle Gold Project to the Pre-Feasibility Study (PFS) stage and establish a vertically integrated domestic antimony supply chain, targeting first production in late 2026 to early 2027.

Guidance

Nova Minerals expects to complete a 10,000m drilling program and establish a domestic antimony supply chain by late 2026/early 2027.

Outlook

Nova Minerals is optimistic about the potential of the Estelle Gold and Critical Minerals Project, aiming to advance the project to the PFS stage and establish a domestic antimony supply chain.

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