West Susitna Road- Geotech Drilling Underway, US$25M Funding

Key points

• Geotechnical drilling has commenced on the West Susitna Access Road
• AIDEA approved up to $25M in funding for the project
• The road will link Estelle Gold and Critical Minerals Project to Port MacKenzie

Full summary

Nova Minerals Corp announced that geotechnical drilling for the West Susitna Access Road has begun, with the Alaska Industrial Development and Export Authority (AIDEA) authorizing up to $25 million in funding. This transformative 78.5-mile road will connect Nova Minerals' Estelle Gold and Critical Minerals Project to its planned Port MacKenzie antimony refinery, providing year-round access to critical natural resources in Alaska's West Susitna region. The funding will support geotechnical drilling and other essential works for the road, which is expected to improve access, reduce development costs, and support regional economic growth.

Guidance

Nova Minerals Corp has secured $25M in funding for the West Susitna Access Road.

Outlook

The completion of the West Susitna Access Road is expected to significantly enhance the accessibility and development of Nova Minerals' Estelle Gold and Critical Minerals Project.