UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of November 2025
Commission
File Number 001-42132
NOVA
MINERALS LIMITED
(Translation
of registrant’s name into English)
Suite
5, 242 Hawthorn Road,
Caulfield,
Victoria 3161
Australia
+61 3 9537 1238
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
☒
Form 20-F ☐ Form 40-F
NOVA
MINERALS LIMITED
EXPLANATORY
NOTE
This
Report of Foreign issuer on Form 6-K is being filed to disclose the (i) results of the Nova Minerals Limited (the “Company”)
2025 Annual General Meeting of Shareholders (“AGM”); (ii) Chairman letter to Company shareholder released con currently with
the 2025 Annual General Meeting of Shareholders; (iii) update to the Employee Securities Ownership Plan and issuance of options to certain
Company directors and (iv) to disclose a presentation made by the Company’s CEO at the AGM.
Results
of 2025 Annual General Meeting of Shareholders
On
November 10, 2025, Nova Minerals Ltd. (the “Company”), held its Annual General Meeting of Shareholders (the “Meeting”).
At the Meeting, the Company’s shareholders voted on all resolutions described in the proxy materials including the notice for the
Meeting included as an exhibit to the Company’s report on Form 6-K furnished by the Company with the Securities and Exchange Commission
on September 19, 2025. The resolutions brought before the shareholders at the Meeting were approved by the shareholders of the Company
with the requisite majority required for each resolution. On November 10, 2025, the Company filed its report entitled “Results
of Annual General Meeting – 10 November 2025” with the Australian Securities Exchange (“ASX”) which report is
attached to this report on Form 6-K as Exhibit 99.1 and was posted to the Company’s corporate website on such date.
Chairman
Letter to Shareholders
Concurrent
with the meeting, our Chairman, Richard Beazley released a letter to the Company’s shareholders as a release on the ASX entitled
. “2025 AGM - Letter from Nova Chairman, Mr. Richard Beazley,” which is attached to this Report on 6-K as Exhibit 99.2 and
was also posted to the Company’s corporate website on such date
Adoption
of Employee Securities Ownership Plan; issuances of Options to Company Directors
On
November 10, 2025, the Company adopted an update to the Employee Securities Ownership Plan (as updated, the “Plan”)
pursuant to shareholder approval at the Annual General Meeting on November 10, 2025.
The
maximum number of securities which may be issued under the Plan is 19,000,000, which represents approximately 4.4% of the issued share
capital of the Company at the date of the Notice of Annual General Meeting on September 19, 2025. Shares issued on exercise of an option
issued under the Plan, and options which have been cancelled or which have lapsed are not counted in determining the number of securities
issued under the Plan. Any issues of securities or agreements to issue securities under the Plan will be announced to ASX. The Plan provides
for shares, options or other securities or interests (including performance rights) to be issued to eligible persons.
The
purpose of the Plan is to:
| (a) |
provide eligible persons
with an additional incentive to work to improve the performance of the Company; |
| (b) |
attract and retain eligible
persons essential for the continued growth and development of the Company; |
| (c) |
promote and foster loyalty
and support amongst eligible persons for the benefit of the Company; and |
| (d) |
enhance the relationship
between the Company and eligible persons for the long-term mutual benefit of all parties. |
Eligible
persons are directors, officers and employees of, or consultants to, the Company or an associated body corporate and, in the case of
consultants, may include bodies corporate. Participants in the Plan, the number, type and terms of any securities offered or issue, and
the terms of any invitation, offer or issue are determined by the Board with the advice of the remuneration committee, if any.
The
Company’s board of directors will administer the terms of the Plan, including but not limited to determining the terms of securities
issued, adoption of rules subordinate to the Plan for the administration of the Plan and the suspension or termination of the Plan.
On
November 10, 2025, following approval by the shareholders at the AGM, the Company issued the following option issuances to the Company
directors listed below as follows:
| # | |
RECIPIENT* | |
Class A Options | |
Class B Options | |
Class C Options | |
Class D Options | |
TOTAL |
| 8A | |
Christopher Gerteisen | |
| 1,125,000 | | |
| 1,000,000 | | |
| 1,000,000 | | |
| 1,000,000 | | |
| 4,125,000 | |
| 8B | |
Louie Simens | |
| 875,000 | | |
| 750,000 | | |
| 750,000 | | |
| 750,000 | | |
| 3,125,000 | |
| 8C | |
Craig Bentley | |
| 875,000 | | |
| 750,000 | | |
| 750,000 | | |
| 750,000 | | |
| 3,125,000 | |
| 8D | |
Avi Geller | |
| 375,000 | | |
| 375,000 | | |
| 250,000 | | |
| 375,000 | | |
| 1,375,000 | |
| 8E | |
Richard Beazley | |
| 250,000 | | |
| 375,000 | | |
| 250,000 | | |
| 375,000 | | |
| 1,250,000 | |
| TOTAL | |
| |
| 3,500,000 | | |
| 2,250,000 | | |
| 3,000,000 | | |
| 3,250,000 | | |
| 13,000,000 | |
*options
may be issued to nominee(s) as advised to the Company
The
Options to granted to Company directors will have the following terms:
| Class |
|
Exercise
Price |
|
Expiry
Date |
|
Vesting
Conditions |
| Class A Options |
|
A$0.45 (45 cents) |
|
3 years from issue |
|
Vesting 31 December 2025,
provided the holder is an employee or contractor or director of the Company at all times during the period from the date of issue
and ending on 31 December 2025. |
| Class B Options |
|
A$0.45 (45 cents) |
|
3 years from issue |
|
The share price closing
price being greater than or equal to a 5 day volume weighted average price (“VWAP”) of A$0.75 (75 cents) on ASX
prior to the expiry date, provided that the holder is an employee or contractor or director of the Company at all times during the
period from the date of issue and ending on the date the vesting condition is satisfied. |
| Class C Options |
|
A$0.45 (45 cents) |
|
3 years from issue |
|
Completion of an RPM Area
Pre-Feasibility Study (PFS) by 31 December 2026, provided that the holder is an employee or contractor or director of the Company
at all times during the period from the date of issue and ending on the date the vesting condition is satisfied. |
| Class D Options |
|
A$0.45 (45 cents) |
|
3 years from issue |
|
First commercial sales
of antimony to an unrelated third party prior to the expiry date, provided that the holder is an employee or contractor or director
of the Company at all times during the period from the date of issue and ending on the date the vesting condition is satisfied. |
The
Options granted to Company are subject to the vesting conditions set forth above and have the following additional terms:
| ● |
Each option (Option)
entitles the holder to acquire one ordinary fully paid share (Share) in the capital of the Company. |
| |
|
| ● |
The exercise price is a
price to exercise each Option is $0.45 (45 cents). |
| |
|
| ● |
The Options expire at 5pm
(Melbourne time) on the date that is 3 years from issue of Options (Expiry Date). |
| |
|
| ● |
Subject to satisfaction
of any applicable vesting condition, the Options can be exercised by completing an option exercise form and delivering it together
with the payment for the number of Shares in respect of which the options are exercised to the Company’s share registry. |
| |
|
| ● |
Any Option that has not
been exercised prior to the expiry date automatically lapses. |
| ● |
An Option for which the
applicable vesting condition has not been satisfied by the applicable date for satisfaction (or which becomes incapable of being
satisfied) automatically lapses and is cancelled. |
| |
|
| ● |
Holders shall not be entitled
to exercise their Options (and the Company will not be required to issue shares upon such exercise) if it would be unlawful to do
so. |
| |
|
| ● |
Subject to applicable law,
the Options are freely transferable. |
| |
|
| ● |
The exercise price of an
Option is payable in full on exercise. |
| |
|
| ● |
Where an Option holder
determines to exercise some, but not all, of their held Options, the total aggregate amount payable to exercise the Options must
be a minimum of $1,000. |
| |
|
| ● |
All Shares issued upon
exercise of Options will rank pari passu in all respect with, and have the same terms as, the Company’s then issued fully paid
ordinary shares. The Company will apply for official quotation by ASX of all Shares issued upon exercise of Options, subject to any
restriction obligations imposed by ASX and the Company being listed on ASX at the relevant time. The Options will not give any right
to participate in dividends until shares are issued pursuant to the terms of the relevant Options. |
| |
|
| ● |
There are no participation
rights or entitlements inherent in the Options. Option holders are not entitled to participate in new issues of securities offers
to shareholders without first exercising the Option. Prior to the Expiry Date and if required by the Listing Rules, the Company will
send notices to option holders in accordance with the time limits required by the Listing Rules in respect of offers of securities
made to shareholders. |
| |
|
| ● |
In the event of any reconstruction
(including consolidation, subdivision, reduction or return) of the issued capital of the Company prior to the Expiry Date, the number
of Options or the exercise price of the Options or both shall be reconstructed in accordance with the Listing Rules applying to a
reorganisation of capital at the time of the reconstruction. |
| |
|
| ● |
These terms of Options
shall be interpreted in accordance with, and governed by, the terms of the Plan. |
| |
|
| ● |
Options will otherwise
have the terms as required by ASX and the Listing Rules. |
The
foregoing description of the Plan does not purport to be a complete description thereof
and is qualified in its entirety by reference to the full text of the Plan, a copy of which is attached hereto as Exhibit
10.1
CEO
Presentation
On
November 10, 2025, Christopher Gerteisen, CEO of the Company, made a presentation to shareholders of the Company at the AGM. A copy of
this presentation is attached to this report on Form 6-K as Exhibit 99.4 and was also posted to the Company’s corporate website
on such date.
This
report on Form 6-K (including the exhibit attached hereto) shall not be deemed to be “filed” for purposes of the Securities
Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such filing.
Financial
Statements and Exhibits.
The
following exhibits are being filed herewith:
| Exhibit
No. |
|
Description |
| 10.1 |
|
Employee Securities Ownership Plan |
| 99.1 |
|
Results of Annual General Meeting |
| 99.2 |
|
2025 AGM - Letter from Nova Chairman, Mr. Richard Beazley |
| 99.3 |
|
Presentation |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
NOVA
MINERALS LIMITED |
| |
|
| Date:
November 10, 2025 |
By: |
/s/
Ian Pamensky |
|
|
|
| |
Name: |
Ian
Pamensky |
| |
Title: |
Company
Secretary |
