Nova Minerals Commences 15,000m Drill Program at Estelle Project, Targets Gold at RPM and Korbel, and Antimony at Stibium

Nova Minerals has commenced a 15,000m drill program at the Estelle Project, targeting gold at RPM and Korbel, and antimony at Stibium. A US Department of Defense grant will fast-track the antimony project development. The program aims to enhance resource definition, expand mineralization, and upgrade measured and indicated resources. Additional drilling will target further expansion to the west and north, and surface and groundwater systems in the region.

Nova Minerals (NASDAQ: NVA) has initiated a significant 15,000m drill program at its Estelle Gold and Critical Minerals Project in Alaska. The program, which commenced in July 2025, is focused on three key areas: 10,000m at the RPM deposit, 2,000m at the Korbel Main, and 3,000m at the Stibium prospect. The primary goal of this drilling program is to enhance resource definition, expand mineralization, and upgrade measured and indicated resources.

The drill program is part of a broader exploration strategy that includes additional drilling to the west and north of the existing deposits, as well as surface and groundwater systems in the region. This comprehensive approach aims to further delineate the mineral resources and optimize the development of the Estelle Project.

In addition to the drilling program, Nova Minerals has a US Department of Defense grant application in the final stages, which is expected to fast-track the development of the Antimony Project. The company anticipates an update on this application in the near term.

The company reported A$9.08 million in cash at the end of Q2 2025 and subsequently raised US$12.1 million in July 2025. Notable quarterly expenses included A$1.9M for exploration, A$432k for administration, and A$797k for professional fees. Chaim Berger was appointed as an Independent Non-Executive Director effective July 1, 2025, strengthening the company's corporate governance.

Nova Minerals is a gold and critical minerals exploration and development company focused on advancing the Estelle Project, which is located 150 km northwest of Anchorage, Alaska, USA. The project contains multiple mining complexes across a 35 km long mineralized corridor with over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources.

References:
[1] https://www.stocktitan.net/news/NVA/nova-minerals-quarterly-activities-and-cashflow-report-30-june-t7uiu6w8cj40.html