Latest Nova News

IGO Limited posted a robust quarter driven by Nova’s nickel output and cash flow, while Greenbushes’ lithium production stalled amid safety and operational challenges, prompting a downgrade in full-year guidance.

Nova Minerals has secured ASIC registration of its Scheme Booklet for re-domiciling to the US, alongside amendments to warrant terms that triple warrant exchange ratios ahead of the move.

Galileo Mining maintains a strong cash position of approximately A$8.2 million as it confirms extensive PGE-nickel-copper mineralisation at Norseman's Mission Sill and completes deep diamond drilling beneath the Callisto deposit.

St Barbara Limited forecasts a sharp rise in gold production to 191 koz by FY30, driven by the New Simberi expansion, Touquoy Restart, and 15-Mile Processing Hub. The company is well-capitalised with over A$500 million in cash and committed capital expenditure plans.

Western Mines Group has streamlined its exploration portfolio by divesting non-core tenements and acquiring two promising greenfield nickel-copper sulphide projects along the Yilgarn Craton margins, aligning with its magmatic sulphide expertise.

Nova Minerals has pinpointed a broad new gold anomaly at Portage Pass within its Estelle Project in Alaska, revealing grades higher and more consistent than the nearby Korbel deposit. The discovery, based on 2025 surface sampling, sets the stage for further soil sampling and geophysical surveys in 2026.

European Resources Limited (ASX: ERE) has repriced and relaunched a renounceable rights issue to raise up to $3.4 million, partially underwritten by Mahe Capital for $1.5 million, to fund metallurgical and exploration work at its Korsnäs rare earth project in Finland and Slovakian tenements.

Champion Iron has finalized its US$300 million acquisition of Norwegian iron ore producer Rana Gruber, securing over 92% ownership and setting sights on full integration and delisting. The deal enhances Champion's high-purity iron ore portfolio and strengthens its position in the green steel supply chain.

St Barbara has secured key environmental approvals to restart its Touquoy gold processing facility in Nova Scotia, targeting ore processing by the end of 2026. The project aims to produce 38,000 ounces of gold over 13 months, generating significant cash flow and local economic benefits.

Nova Minerals has amended its warrant exchange terms, tripling the ratio for Nasdaq-listed warrants to US Holdco warrants as part of its US redomiciliation plan. This adjustment aligns with NYSE listing requirements and signals a strategic step in the company’s transition.

Sprintex Limited has inked an exclusive distribution agreement with ChoisTechnics Corp. to expand its hydrogen fuel cell compressor presence in South Korea, targeting key mobility and stationary markets.

St Barbara Limited is on track to complete key transactions with Lingbao Gold Group and Kumul Mineral Holdings, unlocking A$370 million in cash and advancing the New Simberi Gold Project.