Exhibit
99.1

Nova’s
RPM North Drilling Confirms Further Resource Upside with East Extension Discovery
Anchorage
Alaska, January 7, 2026 - Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ:
NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce further broad, near-surface gold results from its RPM North deposit, within
the Company’s flagship Estelle Gold and Critical Minerals Project, located in the prolific Tintina Gold Belt in Alaska.
Highlights
| ● | 2025
drilling extends the halo around the high-grade core zone at RPM North with further broad
intercepts and a new eastern discovery. RPM Valley results from the high-grade zone expected
shortly. |
| ● | Broad
near-surface gold intersections continue at RPM North, with the 2025 drill program confirming
the eastern strike extension and infill results expected to support potential upgrades to
the existing Measured and Indicated Mineral Resources at the main deposit, in support of
the Feasibility Study (FS). Significant results include (Table 1, and Figures 3 and 5): |
| ▪ | 180m
@ 0.7 g/t Au from 4m, including; |
| ▪ | 108m
@ 1.1 g/t Au from 4m |
| ▪ | 27m
@ 2.5 g/t Au from 11m, and |
| ▪ | 7m
@ 8.1 g/t Au from 11m |
| ▪ | 2m
@ 19.7g/t Au from 15m |
| ▪ | 162m
@ 1.0 g/t Au from 3m including; |
| ▪ | 54m
@ 1.6 g/t Au from 109m |
| ▪ | 7m
@ 6.6 g/t Au from 147m, and |
| ▪ | 2m
@ 15.1 g/t Au from 147m |
| ▪ | 167m
@ 0.7 g/t Au from 187m, including; |
| ▪ | 123m
@ 0.9 g/t Au from 201m |
| ▪ | 75m
@ 1.1 g/t Au from 242m |
| ▪ | 165m
@ 0.6 g/t Au from 3m |
| ● | These
strong results follow previous drilling and support the continuity of mineralization to the
east, highlighting potential resource upside, where earlier drilling (RPM-004) intersected
259m @ 0.5 g/t Au from surface (ASX Announcement: 18 October 2021). |
| ● | To
view a commentary video from Nova’s CEO, Christopher Gerteisen, discussing the significance
of these latest drill results, please click here. |
| ● | Additional
drill results will be released once received and reviewed under Nova’s QA/QC procedures,
after which an updated Mineral Resource Estimate (MRE) will incorporate results from the
2023–2025 drill programs. |
| ● | FS-level
studies are ongoing, with METS Engineering undertaking additional metallurgical test work
to build on the high gold recoveries achieved at RPM to date (ASX Announcement: 5 August
2025), Rough Stock Mining is conducting mining studies, and Whittle Consulting is completing
optimization studies. |
| ● | Results
from the extensive soil and rock chip surface samples taken from across the project area
in 2025 will also be reported once received and processed. |
Nova
CEO, Mr Christopher Gerteisen, commented:
“The
latest drilling results at RPM North are excellent and importantly, support the continuity of mineralization across the deposit and indicate
that a zone of further mineralization extends to the east, which remains open along strike. This eastern extension has the potential
to significantly increase the resource at RPM and will be a focus of the 2026 RPM resource drilling program.
RPM
continues to demonstrate the exciting potential of Estelle as a future, tier-one North American gold project. We plan to build on the
successes achieved to date, with further exploration aimed at identifying additional mineralization in 2026. All results will be incorporated
into an updated resource estimate for the upcoming FS.
“Technical
studies and optimization work are progressing to advance the project towards commercial production, and we will keep shareholders informed
as relevant studies are completed to realize further value from the Estelle Gold and Critical Minerals Project.”
2025
RPM North Drilling Summary
A
total of seven diamond core holes were drilled at RPM North in 2025, designed to:
| ● | Follow-up
previous drilling to the East, where hole RPM-004 intersected 259m @ 0.5 g/t Au from surface
(ASX Announcement: 18 October 2021) |
| ● | Conduct
infill drilling at the main RPM North deposit to increase resource confidence |
| ● | Add
definition to the southern boundary of the ore zone |
| ● | Test
the connection with RPM Valley to the west |
The
latest diamond core drill results continue to increase resource confidence at RPM North, as well as adding new resource potential to
the east. Holes RPM-068, RPM-070, and RPM-080 all intersected approximately 20m or so of granodiorite before transitioning to hornfels
predominantly for the remainder. Mineralization occurs within sheeted to stockwork quartz and quartz-tourmaline veins. A large portion
of these holes exhibited moderate to strong fractures with clay gouge and healed brecciated zones. These fractured zones contain moderate
to strong argillic alteration. Hole RPM-080 had a high-grade intersection of 19.7 g/t Au from 15.2m to 17.6m, which can be attributed
to the patchy and disseminated arsenpyrite shown in the two photos below.
Figure:
RPM North hole RPM-080 2.4m @ 19.7g/t Au from 15.2m
Hole
RPM-074 tested the southwestern extension of the mineralized intrusive and intersected hornfels at approximately 80m.
Hole
RPM-076 was abandoned at 37m due to being set at the wrong dip, it was redrilled as hole RPM-078, which was designed to provide infill
to the main deposit. The hole was collared in granodiorite and reached the northern contact with hornfels at approximately 125m, which
remained the dominant lithology to the end of the hole.
RPM-072
was designed to test the connection between RPM North and RPM Valley and will be presented with the Valley results.
Detailed
structural mapping, geophysical surveying, and geochemical sampling were conducted to vector towards the source intrusive. RPM North
has exciting resource upside to the east, where drill holes RPM-004, RPM-068, and RPM-070 show extensive intervals of moderate-grade
gold hosted in the Kahiltna flysch sedimentary rocks.

Figure
2: RPM plan view with all drill holes to date – Black drill traces represent the 2025 drill holes

Figure
3: RPM North Section RPM-068 and RPM-070 (62.5 azi)
Figure
4: RPM North RPM-078 (155 azi)

Figure
5: RPM North RPM-080 (36 azi)
Table
:1 Significant intercepts
| Hole_ID |
From
(m) |
To
(m) |
Interval
(m) |
Au
g/t |
| RPM-068 |
4 |
186 |
182 |
0.5 |
| Including |
132 |
172 |
39 |
1.0 |
| |
124 |
186 |
62 |
0.8 |
| |
132 |
143 |
11 |
1.5 |
| |
187 |
354 |
167 |
0.7 |
| And |
201 |
325 |
123 |
0.9 |
| Including |
242 |
317 |
75 |
1.1 |
| |
253 |
296 |
44 |
1.5 |
| |
261 |
278 |
18 |
2.0 |
| |
207 |
225 |
18 |
1.0 |
| |
132 |
143 |
11 |
1.5 |
| RPM-070 |
3 |
168 |
165 |
0.6 |
| Including |
75 |
98 |
23 |
0.8 |
| |
107 |
144 |
37 |
0.8 |
| |
118 |
135 |
17 |
1.0 |
| |
129 |
135 |
6 |
1.6 |
| And |
189 |
252 |
64 |
0.4 |
| And |
272 |
357 |
85 |
0.5 |
| RPM-074 |
23 |
43 |
20 |
0.9 |
| RPM-078 |
3 |
165 |
162 |
1.0 |
| Including |
19 |
32 |
12 |
1.2 |
| |
43 |
77 |
34 |
1.0 |
| |
52 |
67 |
14 |
1.7 |
| |
25 |
32 |
6 |
1.9 |
| |
109 |
162 |
54 |
1.6 |
| |
130 |
135 |
5 |
2.2 |
| |
142 |
162 |
20 |
2.5 |
| |
147 |
154 |
7 |
6.5 |
| |
147 |
150 |
2 |
15.1 |
| RPM-080 |
4 |
184 |
180 |
0.7 |
| Including |
4 |
111 |
108 |
1.1 |
| |
11 |
38 |
27 |
2.5 |
| |
11 |
18 |
7 |
8.1 |
| |
15 |
18 |
2 |
19.7 |
| |
91 |
107 |
16 |
1.2 |
Table
2: Drill hole details
| Hole_ID |
Easting |
Northing |
Elev
(m) |
EOH
(m) |
Azi |
Dip |
Zone |
Assay
Results |
| RPM-068 |
501991 |
6848806 |
1768 |
379 |
70 |
-60 |
RPM
North |
ASX:
7/1/26 |
| RPM-070 |
501990 |
6848806 |
1769 |
357 |
55 |
-70 |
RPM
North |
ASX:
7/1/26 |
| RPM-072 |
501992 |
6848804 |
1769 |
568 |
220 |
-50 |
RPM
Valley |
Not
released |
| RPM-074 |
501991 |
6848805 |
1770 |
191 |
190 |
-45 |
RPM
North |
ASX:
7/1/26 |
| RPM-076 |
501989 |
6848803 |
1770 |
37 |
355 |
-55 |
RPM
North |
ASX:
7/1/26 |
| RPM-078 |
501990 |
6848803 |
1770 |
183 |
355 |
-65 |
RPM
North |
ASX:
7/1/26 |
| RPM-080 |
501993 |
6848804 |
1770 |
184 |
35 |
-55 |
RPM
North |
ASX:
7/1/26 |
Upcoming
Milestones
| ● | RPM
Valley, Korbel, and Stibium drill results |
| ● | Further
results and potential new discoveries from the 2025 surface exploration mapping and sampling
program |
| ● | Material
PFS test-work results as they become available |
| ● | Updated
MRE |
| ● | Winter
trail mobilization of heavy equipment |
| ● | Airborne
geophysical surveys to commence in the spring of 2026 |
| ● | Antimony
phase 1 project updates |
| ● | Metallurgical
test work ongoing |
| ● | Environmental
test work ongoing |
| ● | West
Susitna access road updates |
Qualified
Persons
Vannu
Khounphakdee, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic
consulting services. Mr. Khounphakdee holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least
5 years experience with this type of project. By reason of education, affiliation with a professional association, and past relevant
work experience, Mr. Khounphakdee fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data
QA/QC checks relevant to this announcement.
Hans
Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr.
Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering
with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects.
By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements
of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement.
Christopher
Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists,
and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained
herein. Mr. Gerteisen is a “qualified person” for the purposes of SEC Regulation S-K 1300.
Data
Verification
For
the 2025 diamond core drilling program, core samples were cut in half and crushed to achieve >90% passing a 2mm sieve and split down
to 225 g to 275 g samples at Nova’s on-site prep facility. Samples were then sent to ALS Fairbanks for additional prep and chemical
analysis. Duplicates were collected every 1 in 20 samples at the same time using the same method (riffle split) as the parent sample.
Blank material was inserted 1 in 40 samples. Standard Reference Material (SRM) was inserted 1 in 20 samples. Three different SRMs at
three different grades levels were used.
ALS
is a certified commercial laboratory and is independent of Nova Minerals. Samples are tested for gold using ALS Fire Assay Au-ICP21 technique.
This technique has a lower detection limit of 0.001 g/t with an upper detection limit of 10 g/t. If samples have grades in excess of
10 g/t then Au-GRA21 is used to determine the over detect limit. Au-GRA21 has a detection limit of 0.05 g/t and an upper limit of 10,000
g/t. Four acid digestion with ICP-MS finish (ME-MS61) was used to evaluate 48 different elements.
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 85% owned project is located 150 km
northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented
gold endowment and some of the world’s largest gold mines and discoveries including, Kinross Gold Corporation’s Fort Knox
Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
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 as to future events that may not prove to be accurate. 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
Investor
Relations:
Dave
Gentry, CEO
RedChip
Companies, Inc.
Phone:
1-407-644-4256
Email:
NVA@redchip.com
Nova
Minerals:
Craig
Bentley
Director
of Finance & Compliance & Investor Relations
E:
craig@novaminerals.com.au
M:
+61 414 714 196