0001493152-26-019453
SEC filingNova Minerals reported strong operational progress at Estelle, including high-grade gold intercepts and antimony development, with access to over A$89.4 million in funding and no debt.
Nova Minerals' March 2026 quarterly report highlights significant operational progress at the Estelle Gold and Critical Minerals Project in Alaska. The 2025 drill program delivered exceptional results, including a project-record intercept of 0.5m @ 364 g/t Au at RPM Valley, confirming high-grade shoots within the broader bulk-tonnage system. Drilling also extended mineralisation at RPM North and Korbel, supporting resource growth and ongoing Pre-Feasibility Study work. The company advanced its antimony initiative, leveraging a US$43.4 million non-dilutive award from the U.S. Department of War. Winter road construction enabled equipment mobilisation to site, positioning Nova for potential antimony production by late 2026 to early 2027. Financially, the company ended the quarter with A$47 million in cash, access to US$29 million (A$40.3 million) remaining DoW funding, and A$2.1 million in liquid investments, with no debt. Corporate developments include the resignation of Executive Director Louie Simens and the appointment of Ashlie Thorburn as CFO. The planned redomiciliation to the United States, targeted by end-June 2026, aims to align with the predominantly U.S. shareholder base and enhance access to U.S. capital markets. Surface sampling at West Wing and Portage Pass identified new gold-copper anomalies, expanding the exploration pipeline. Overall, the quarter demonstrated strong operational momentum across gold and antimony assets, with a solid funding position to support development.