NOVA MINERALS LTD Stock Price, News & Analysis

Nova Minerals announced significant results from its final six holes of the 21-hole reverse circulation drilling program at the RPM starter pit area within the Estelle Gold Project in Alaska. Notable intercepts include 29m @ 7.1 g/t Au from surface, with some sections reaching up to 52.7 g/t Au. The 2024 drilling program extended the high-grade core zone at RPM to surface with over 20 significant broad intercepts grading >5 g/t Au. All drill holes ended in gold mineralization. A resource update including both 2023 and 2024 drill results is underway, along with a Pre-Feasibility Study focusing on developing RPM as a scalable, low-capex starter operation.

Nova Minerals (NASDAQ: NVA) will present at The ThinkEquity Conference on October 30, 2024, highlighting advancements in its Estelle Project in Alaska. The project, spanning 514 km2 in the Tintina Gold Belt, contains two near-surface multi-million-ounce gold resources and several drill-ready antimony prospects. Nova has commenced a Feasibility Study considering a scalable operation starting with the high-grade RPM deposit for potential near-term cashflow.

The company is also investigating fast-tracking its Stibium gold-antimony prospect, potentially with US Department of Defense support, given recent export restrictions on antimony from China. With an experienced Alaska-based CEO, clear permitting pathway, and strong exploration potential, Nova Minerals presents an attractive asset for investors in the gold and critical minerals sectors.

Nova Minerals (NASDAQ: NVA) has announced high-grade gold intercepts from seven holes of its 21-hole reverse circulation drilling program at the RPM starter pit area within its Estelle Gold Project in Alaska. Highlights include:

- RPMRC-24016: 39m @ 5.4 g/t Au from surface, including 25m @ 8.2 g/t Au from surface
- RPMRC-24015: 26m @ 3.7 g/t Au from surface
- RPMRC-24009: 46m @ 1.9 g/t Au from 1m

The drilling program focused on near-surface mineralization <50m in depth to support the RPM starter mine Feasibility Study. All drill holes ended in gold mineralization. Nova Minerals CEO Christopher Gerteisen stated that these results bode well for the upcoming resource update and PFS, which will focus on RPM as a scalable, low capex/high margin project.

The company is progressing towards production and early cashflow at RPM within the greater Estelle gold and critical minerals district.

RedChip Companies will air interviews with Alliance Entertainment Holding (Nasdaq:AENT) and Nova Minerals (Nasdaq:NVA) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 5, at 7 p.m. ET. Bruce Ogilvie, Executive Chairman of Alliance Entertainment, discusses the company's position as the leader in physical media distribution, highlighting its $4.6 million net income in fiscal 2024, a $40 million improvement from the previous year.

Christopher Gerteisen, CEO of Nova Minerals, presents the company's Estelle Gold Project in Alaska, which holds a 5.2 million ounce gold resource. Nova Minerals trades at A$6 per ounce of gold on an enterprise value basis, compared to the sector average of A$70/oz. The company is conducting a Feasibility Study expected to optimize project economics and incorporate critical minerals like antimony.

Nova Minerals (NASDAQ: NVA) has engaged Whittle Consulting for optimization of its upcoming project-wide economic studies and focused RPM starter mine Feasibility Study within its Estelle Gold Project in Alaska. Whittle has agreed to take ~18% of their consulting fees in Nova ordinary shares. The optimization aims to establish the potential for an early small-scale operation at Estelle to produce revenue from near-surface high-grade areas with minimum capital cost and time to permit.

The company is considering a strategy to achieve production with a scalable operation by: 1) Establishing an initial lower capex smaller scale operation at the high-grade RPM deposit, 2) Developing a higher capex larger mining operation, and 3) Advancing the Stibium Antimony-Gold Prospect as an additional small-scale, stand-alone, quick startup cash flow opportunity. Nova is targeting to publish an optimized economic study and Feasibility Study in 2025.

Nova Minerals (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is hosting an exclusive live investor webinar and Q&A session on October 7, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature CEO Christopher Gerteisen discussing the company's flagship Estelle Gold Project in Alaska. Nova Minerals holds a growing multi-million-ounce gold resource in a region known for Tier 1 gold deposits. The company currently trades at A$6 per ounce of gold on an enterprise value basis, significantly below the sector average of A$70/oz.

Gerteisen will also address near-term opportunities with antimony, as Nova aims to become a key supplier to the U.S. market, addressing global supply chain constraints. Investors can register for the free webinar and submit questions in advance or during the live event.

Nova Minerals (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is hosting two virtual investor presentations to accommodate different time zones. CEO Christopher Gerteisen will present an outline of the Estelle Project, discussing development options, exploration strategy, and the path towards production.

The webinars are scheduled for:

• US/European Time Zone: 9:00 AM EST, Thursday, September 26, 2024
• Australasian Time Zone: 11:00 AM AEST, Tuesday, October 1, 2024

Both events will include a Q&A session. Attendees can submit questions in advance or during the live presentations. A PDF of the presentation will be available, and an archived webcast will be posted on the company's website for those unable to attend live.

Nova Minerals (Nasdaq: NVA, NVAWW; ASX: NVA; FRA: QM3) has closed its underwritten public offering of 473,000 American Depositary Shares (ADS) at $5.00 per ADS, including 43,000 ADSs from the full exercise of the underwriter's over-allotment option. The offering raised aggregate gross proceeds of $2,365,000 before deducting underwriting discounts and expenses. Nova, an exploration stage company focused on the Estelle Gold Project in Alaska, plans to use the proceeds for resource and exploration field programs, including additional drilling, exploration, feasibility studies, and general working capital. ThinkEquity acted as the sole book-running manager for the offering, which was conducted through a registration statement on Form F-1 filed with the SEC.

Nova Minerals (Nasdaq: NVA, ASX: NVA), a gold and critical minerals exploration company, has announced the pricing of an underwritten public offering of 430,000 American Depository Shares (ADS) at $5.00 per ADS. This offering is expected to generate gross proceeds of $2,150,000 before deducting underwriting discounts and expenses. Nova has also granted underwriters a 45-day option to purchase up to an additional 43,000 ADSs to cover over-allotments.

The company plans to use the proceeds for resource and exploration field programs, including additional drilling and exploration, feasibility studies, and general working capital. The offering is set to close on September 25, 2024, subject to customary closing conditions. ThinkEquity is acting as the sole book-running manager for this offering.