Nova Minerals Hits Record 364 g/t Gold Intercept at Estelle with US Redomiciliation Plans

Record Gold Intercept Reinforces Estelle’s Scale and Grade

Nova Minerals (ASX:NVA) delivered a standout quarter at its Estelle Gold and Critical Minerals Project in Alaska, reporting a project-record gold intercept of 0.5 metres at 364 grams per tonne (g/t) at RPM Valley. This exceptional result, featuring visible gold, confirms the continuity of high-grade shoots within a broader bulk-tonnage system, underscoring Estelle’s potential as one of the world’s largest undeveloped gold deposits.

Alongside this, multiple broad zones of near-surface gold mineralisation were intersected, including 65m at 3.6 g/t Au and 155m at 0.9 g/t Au, supporting resource growth and integration into the ongoing Pre-Feasibility Study (PFS). Drilling at RPM North and Korbel also extended mineralised footprints and delineated higher-grade cores, with Korbel showing promise as a starter pit scenario due to grades up to 1.2 g/t Au.

Surface sampling expanded the exploration pipeline, revealing a new gold-copper anomaly at West Wing with rock samples up to 15.5 g/t Au and copper grades as high as 6.9%. Post-quarter, a significant gold anomaly was identified at Portage Pass near Korbel, with rock samples reaching 14.3 g/t Au, setting the stage for further soil sampling and geophysical surveys in 2026. These discoveries complement recent high-grade findings and reinforce Estelle’s district-scale potential, including the expanded footprint at RPM with multiple priority drill targets along structural trends.

Advancing Antimony Production with US Government Backing

In parallel with gold exploration, Nova is advancing its critical minerals strategy, supported by a US$43.4 million award from the U.S. Department of War to develop a domestic antimony supply chain. This funding underpins plans to commence antimony production in late 2026 or early 2027, positioning Nova as a strategic supplier to U.S. military and industrial markets.

Winter road construction was a key operational milestone, enabling the transport of heavy mining and processing equipment over a 150-kilometre snow road from Willow, Alaska, to the Estelle site. This logistical achievement is critical for the planned antimony extraction and processing activities, with most equipment already mobilised to site.

Corporate Moves to Align with US Shareholders and Capital Markets

Reflecting its growing US investor base, Nova announced plans to redomicile to the United States, maintaining dual listings on the ASX and NYSE under the same ticker codes. The restructure involves a Scheme Implementation Deed with a newly incorporated Nevada parent company, expected to list on the NYSE by end-June 2026, subject to shareholder and court approvals.

This strategic move aims to simplify regulatory compliance, enhance access to US capital markets, broaden institutional appeal, and improve eligibility for US government funding initiatives. The Supreme Court of New South Wales has approved convening Scheme Meetings, and the Scheme Booklet has been dispatched to shareholders, marking a key step toward completion. The appointment of Ashlie Thorburn as Chief Financial Officer, with extensive mining finance and compliance expertise, further strengthens the corporate team ahead of this transition.

Robust Financial Position Supports Growth Trajectory

Nova ended the March quarter with a strong funding position, holding over A$89.4 million in accessible capital, including A$47 million cash, US$29 million from the Department of War award, and liquid investments, with no debt. Despite ongoing exploration and development expenditures, the company maintains an estimated 5.6 quarters of funding available at current outgoings.

Pre-Feasibility Study work continues apace, with metallurgical test work, mine planning, and optimisation studies underway to refine development pathways for Estelle’s gold assets. The company’s exploration momentum, combined with advancing antimony production and corporate restructuring, sets a multifaceted growth agenda.

Notably, the drilling results build on earlier high-grade discoveries at RPM, while the new gold-copper system at West Wing and the significant Portage Pass anomaly expand the project’s exploration frontiers, reinforcing Estelle’s status as a major gold and critical minerals hub in Alaska’s Tintina Gold Belt. These developments are documented alongside ongoing updates on the redomiciliation process and antimony project milestones, reflecting a dynamic and evolving operational landscape.

Nova’s operational progress and strategic initiatives are well captured in recent updates, including the scheme booklet dispatch and ASIC scheme booklet registration, which provide further insight into the company’s corporate transition and shareholder engagement efforts.