Nova Minerals Antimony Ore Sorting Results Show Significant Upgrade
Nova Minerals (NASDAQ: NVA) has announced significant results from its Styx antimony ore sorting test work program at the Estelle Project in Alaska. The test work demonstrated that a single pass yielded 60.3% antimony recovery in 26.1% of the mass, achieving a grade of 35.2% Sb (49.1% Sb2S3) - representing a 2.3x upgrade from the feed grade.
The test results also showed beneficial gold rejection to the antimony ore sorting tail, with 52.5% gold recovery and grade improvement from 1.90 g/t Au to 2.99 g/t Au, indicating strong potential for synergy between antimony and gold processing circuits. The company aims to establish a U.S. domestic supply chain for antimony in Alaska, addressing Western defense supply chain pressures.
Nova Minerals (NASDAQ: NVA) ha annunciato risultati significativi dal suo programma di test di selezione del minerale di antimonio Styx presso il Progetto Estelle in Alaska. I test hanno dimostrato che un passaggio singolo ha permesso un recupero dell'antimonio del 60,3% su una massa del 26,1%, raggiungendo una concentrazione di 35,2% Sb (49,1% Sb2S3) - rappresentando un miglioramento di 2,3 volte rispetto al grado iniziale del materiale.
I risultati hanno inoltre evidenziato un beneficio nel rigetto dell'oro nelle scorie della selezione dell'antimonio, con un recupero dell'oro del 52,5% e un aumento del grado da 1,90 g/t Au a 2,99 g/t Au, indicando un forte potenziale di sinergia tra i circuiti di lavorazione dell'antimonio e dell'oro. L'azienda punta a stabilire una filiera di approvvigionamento domestica negli Stati Uniti per l'antimonio in Alaska, rispondendo alle pressioni sulle catene di fornitura della difesa occidentale.
Nova Minerals (NASDAQ: NVA) ha anunciado resultados significativos de su programa de pruebas de clasificación de mineral de antimonio Styx en el Proyecto Estelle en Alaska. Las pruebas demostraron que una pasada única logró una recuperación de antimonio del 60,3% en el 26,1% de la masa, alcanzando una ley de 35,2% Sb (49,1% Sb2S3), lo que representa una mejora de 2,3 veces respecto a la ley del material inicial.
Los resultados también mostraron un rechazo beneficioso de oro en la cola de clasificación del mineral de antimonio, con una recuperación de oro del 52,5% y una mejora en la ley de 1,90 g/t Au a 2,99 g/t Au, indicando un fuerte potencial de sinergia entre los circuitos de procesamiento de antimonio y oro. La compañía busca establecer una cadena de suministro nacional en EE. UU. para el antimonio en Alaska, abordando las presiones en la cadena de suministro de defensa occidental.
Nova Minerals (NASDAQ: NVA)는 알래스카의 Estelle 프로젝트에서 Styx 안티모니 광석 선별 시험 작업 프로그램의 중요한 결과를 발표했습니다. 시험 작업 결과 단일 통과에서 질량의 26.1%에서 60.3%의 안티모니 회수가 이루어졌으며, 35.2% Sb (49.1% Sb2S3)의 등급을 달성하여 원광 등급 대비 2.3배 향상되었습니다.
시험 결과는 또한 안티모니 광석 선별 꼬리물질에서 유익한 금 배제를 보여주었으며, 금 회수율 52.5% 및 등급이 1.90 g/t Au에서 2.99 g/t Au로 향상되어 안티모니와 금 처리 회로 간의 강력한 시너지 가능성을 나타냅니다. 회사는 서방 방위 공급망 압박을 해결하기 위해 알래스카에서 미국 내 안티모니 공급망 구축을 목표로 하고 있습니다.
Nova Minerals (NASDAQ : NVA) a annoncé des résultats significatifs issus de son programme d'essais de tri du minerai d'antimoine Styx au projet Estelle en Alaska. Les essais ont démontré qu'un passage unique a permis un rendement en antimoine de 60,3 % sur 26,1 % de la masse, atteignant une teneur de 35,2 % Sb (49,1 % Sb2S3) – soit une amélioration de 2,3 fois par rapport à la teneur initiale.
Les résultats ont également montré un rejet bénéfique de l'or dans les résidus du tri du minerai d'antimoine, avec un récupération de l'or de 52,5 % et une amélioration de la teneur de 1,90 g/t Au à 2,99 g/t Au, indiquant un fort potentiel de synergie entre les circuits de traitement de l'antimoine et de l'or. La société vise à établir une chaîne d'approvisionnement nationale américaine pour l'antimoine en Alaska, répondant ainsi aux pressions sur les chaînes d'approvisionnement de la défense occidentale.
Nova Minerals (NASDAQ: NVA) hat bedeutende Ergebnisse aus seinem Styx Antimon-Erzsortier-Testprogramm beim Estelle-Projekt in Alaska bekannt gegeben. Die Tests zeigten, dass ein einzelner Durchgang eine Antimonrückgewinnung von 60,3% bei 26,1% der Masse erzielte und einen Gehalt von 35,2% Sb (49,1% Sb2S3) erreichte – was eine 2,3-fache Aufwertung gegenüber dem Ausgangsmaterial darstellt.
Die Testergebnisse zeigten auch eine vorteilhafte Goldabtrennung im Antimon-Erzsortier-Rückstand mit 52,5% Goldrückgewinnung und einer Verbesserung des Gehalts von 1,90 g/t Au auf 2,99 g/t Au, was auf ein starkes Synergiepotenzial zwischen den Antimon- und Goldverarbeitungskreisläufen hinweist. Das Unternehmen strebt an, eine inländische US-Versorgungskette für Antimon in Alaska aufzubauen, um den Druck auf die westlichen Verteidigungsversorgungsketten zu mindern.
- Single-pass ore sorting achieved 60.3% antimony recovery with 2.3x grade upgrade to 35.2% Sb
- Gold recovery of 52.5% with 57.4% grade increase to 2.99 g/t Au in tailings
- Potential for direct shipping ore (DSO) to generate early cash flow
- Strategic positioning as potential first fully integrated U.S. domestic antimony producer
- Surface samples showed exceptional grades up to 56.7% Sb, far exceeding typical commercial range of 2-4% Sb
- Second pass processing required for remaining antimony recovery
- 39.7% of antimony content lost in initial processing
- Project still in testing phase with downstream processing facilities yet to be completed
Insights
Nova's ore sorting tests show excellent antimony upgrading capability, creating potential for a strategic U.S. antimony supply chain in a critical minerals market.
The ore sorting test work results from Nova Minerals represent a significant metallurgical breakthrough for their Estelle Project. The 500kg bulk sample from the Styx prospect demonstrated exceptional upgrading capability, achieving a 2.3x concentration in a single pass through XRT sorting. The ability to recover 60.3% of antimony in just 26.1% of the mass indicates excellent liberation characteristics and amenability to sensor-based sorting.
What's particularly impressive is the grade upgrade from 15.2% Sb (24.5% Sb2S3) to 35.2% Sb (49.1% Sb2S3), creating a potentially direct-shipping ore product. This high-grade concentrate could command premium pricing in specialty markets while significantly reducing downstream processing costs.
The dual-commodity synergy is equally notable - the gold beneficiation to the tailings (52.5% gold recovery in the tailings fraction, upgrading from 1.90 g/t to 2.99 g/t Au) creates an elegant flowsheet where antimony and gold can be processed through separate optimized circuits. This effectively transforms what would normally be waste material into a valuable gold resource.
The conceptual flowsheet demonstrates a pragmatic approach with lower initial capital requirements. By implementing ore sorting at the mine site, Nova can minimize transportation costs by shipping only high-value concentrate while deferring full processing infrastructure. This staged development approach could accelerate time-to-revenue while the downstream processing facilities are developed.
From a strategic minerals perspective, establishing a domestic U.S. antimony supply chain addresses critical supply vulnerabilities, especially given China's export restrictions on strategic minerals. Antimony's applications in defense, electronics, and fire retardants make it strategically valuable, potentially positioning Nova for preferential treatment through defense industrial partnerships and grants.
Anchorage Alaska, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce results from the Styx antimony ore sorting test work program which in our opinion shows outstanding results and that an upgraded, saleable antimony ore concentrate can be produced onsite for further processing.
Highlights
- Conceptual flowsheet outlines clear path for onsite recovery and upgrading of antimony ore using ore sorting (Figure 3).
- 500kg bulk ore sorting test work on Styx sample demonstrated positive results from a single pass yielding high antimony recovery of
60.3% in26.1% of the mass, at a grade of35.2% Sb (49.1% Sb2S3) – a 2.3 times upgrade from the feed grade15.2% Sb (24.5% Sb2S3) (Table 1 and Figures 1 and 2). - Gold is beneficially rejected to the antimony ore sorting tail. Test work results demonstrate a gold recovery of
52.5% , upgrading the grade from 1.90 g/t Au to 2.99 g/t Au – an increase of57.4% which demonstrates a strong potential for synergy between antimony and gold processing circuits at the Estelle Project (Table 1 and Figure 2). - The test work confirms that an upgraded, saleable antimony ore concentrate can be produced for further processing, with Nova continuing to explore options to establish a U.S. domestic supply chain for antimony in Alaska.
- Beneficiation and purification test work are underway to develop and refine the rest of the downstream flowsheet.
- Ore sorting test work on the bulk Stibium sample is nearing completion and results will be reported in due course.
- Western Defense Supply Chains Under Pressure — Nova’s high-grade antimony discoveries at Estelle offer a potential strategic U.S. solution.
Nova CEO, Mr Christopher Gerteisen commented: “These ore sorting results from our Styx prospect represent a significant breakthrough in the advancement of Estelle’s critical minerals strategy. Achieving a
In the current geopolitical environment, where Western defense supply chains are under immense pressure, we believe our Estelle Project stands out as a truly strategic asset. With Styx and Stibium now confirmed as high-grade, near-term development prospects, and U.S. government engagement well underway through our DIBC membership and DoD grant applications, Nova is fast-tracking a solution to the critical antimony supply gap. We are proud to lead the charge in re-establishing domestic production of this defense-essential mineral, and today’s results mark another key step toward potentially delivering a secure, U.S.-based supply chain — right here in Alaska.”
Ore Sorting Test Work Results
Nova and METS Engineering (METS) partnered with Steinert Mining (Steinert) to evaluate the amenability of the Estelle ore body to sensor-based ore sorting.
Nova provided 500kg of Styx prospect ore for a bulk ore sorting test. The results from the bulk test demonstrated the Estelle antimony ore is amenable to ore sort upgrading with an XRT algorithm. Table 1 shows the results of the ore sorting test work, presented as the three concentrates and tail produced from the test work’s three passes. Figure 2 presents the cumulative recovery, mass pull and grades obtained from the test work.
Figure1. Ore sorted material from a single pass (See Table 1 Con 1) grading
Table 1. Results of ore sorting test work
| Stream | Mass | Antimony | Gold | |||
| Recovery (%) | Grade (Sb%) | Trisulfide (Sb2S3%) | Recovery (%) | Grade (g/t Au) | Recovery (%) | |
| Feed | 100 | 15.2 | 24.5 | 100 | 1.90 | 100 |
| Con 1 | 26.1 | 35.2 | 49.1 | 60.3 | 0.83 | 11.4 |
| Con 2 | 26.8 | 17.1 | 23.9 | 30.1 | 1.48 | 20.8 |
| Con 3 | 13.6 | 7.22 | 10.1 | 6.5 | 2.14 | 15.3 |
| Tailings | 33.5 | 1.45 | 2.02 | 3.2 | 2.99 | 52.5 |
Figure 2. Recovery-mass pull and grade-mass pull curves for the Styx antimony bulk sample
The results presented in Table 1 and Figure 2 demonstrates that a high-grade concentrate can be recovered through ore sorting, in which
Based on current scenarios being tested, a second pass is employed, a middling with almost the same grade as the feed can be scavenged, producing a grade of
Conceptual Antimony-Gold Flowsheet
Based on the positive results Nova is pleased to present a high-level conceptual flowsheet for Estelle antimony ore processing, with further test work and engineering underway.
This flowsheet demonstrates the suitability of ore sorting technology to maximise the value of the Estelle ore by concentrating valuables, antimony and gold into concentrates for further processing. The flowsheet is presented in Figure 3.
Figure 3. High level conceptual flowsheet for Estelle antimony ore
Ore sorters will be installed at the mine site, with high-grade antimony concentrate potentially shipped off-site for downstream processing. This approach enables a low-CAPEX, straightforward on-site processing flowsheet.
By implementing ore sorting technology at the source, Nova should be able to produce a premium-grade antimony concentrate — potentially suitable for direct shipping ore (DSO). This could generate early cash flow while Nova’s downstream processing facilities are being completed.
On-site ore sorting will also make it possible to stockpile lower-grade sorted material for future processing. Once operational, Nova’s potential plant is expected to process ore-sorted middlings combined with pre-screened fines.
Additionally, tailings from ore sorting at the Styx prospect may yield a high-grade gold concentrate, providing supplementary feed for the Estelle RPM CIL/CIP plant.
Figure 4. Estelle property map showing primary antimony prospects, with the Styx prospect highlighted, which is the source of the ore for the 500kg bulk sample used in this ore sorting test work.
Western Defense Supply Chains Under Pressure — Nova’s High-Grade Antimony Discovery at Estelle Offers Strategic U.S. Solution
China’s export restrictions on critical minerals have intensified pressure on Western defense supply chains, particularly for antimony — an essential material in munitions, electronics, and other strategic applications. Nova’s Estelle Gold and Critical Minerals Project in Alaska has emerged as a potential U.S.-based solution, delivering high-grade antimony results from surface samples at numerous prospects across the project area. Surface sample assays from the Styx and Stibium prospects returned exceptional grades of up to
Nova is now moving quickly to leverage this strategic opportunity. The company has joined the Defense Industrial Base Consortium and is advanced in its U.S. Department of Defense grant applications to potentially fast-track exploration, metallurgical testing, and infrastructure upgrades — aiming to initially produce direct shipping ore to potentially generate early cash flow while downstream processing facilities are completed.
Qualified Persons
The information contained in this report, relating to metallurgical results, is based on, and fairly and accurately represent the information and supporting documentation prepared by Mr Damian Connelly. Mr Connelly is a full-time employee of METS Engineering who are a Contractor to Nova Minerals Limited, and a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Connelly has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves and as Qualified Person as defined in Regulation S-K 1300 under the Securities Act of 1933, as amended (S-K 1300). Mr Connelly consents to the inclusion in the report of the matters based on the results in the form and context in which they appear.
About Nova Minerals Limited
Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The
Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website. www.novaminerals.com.au
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, Gold and other metal prices, the estimation of initial and sustaining capital requirements, the estimation of labor costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the Project, the availability of funding sources, the availability of collaborative relationships, permitting and such other assumptions and factors as set out herein. Apparent inconsistencies in the figures shown in the MRE are due to rounding.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labor costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued exploration and development.
These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.
For Additional Information Please Contact
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196
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