Nova Minerals Advances Gold Exploration and Antimony Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy NVA?
Source: Newsfilter
- Significant Drilling Results: The 2025 RPM Valley drilling program confirmed multiple intercepts above 1 g/t Au, including a record 0.5m @ 364 g/t Au, demonstrating mineralization continuity and resource expansion potential, which is expected to accelerate the Estelle project's development.
- Antimony Supply Chain Development: Nova secured a $43.4 million non-dilutive funding award to establish a U.S. domestic antimony supply chain in Alaska, with production anticipated to commence between late 2026 and early 2027, addressing U.S. military and consumer market needs.
- Strong Financial Position: As of March 2026, Nova reported access to over A$89.4 million in funding, including A$47 million in cash and US$29 million in government grants, with no debt, ensuring financial flexibility for future project developments.
- U.S. Redomiciliation Plans: Nova announced plans to redomicile to the United States to better align with its predominantly U.S. shareholder base and enhance access to U.S. capital markets, with completion targeted by the end of June 2026, aimed at simplifying regulatory processes and improving funding capabilities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NVA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NVA
About NVA
Nova Minerals Limited is an Australia-based gold, antimony and critical minerals exploration and development company. The Company is focused on advancing the Estelle Project, comprising 514 square kilometers (km2) of State of Alaska mining claims, which includes multiple mining complexes across a 35-kilometer-long mineralized corridor of over 20 advanced gold and antimony prospects, including two multi-million-ounce resources, and several drill ready antimony prospects. The 85%-owned project is located 150 kilometers northwest of Anchorage, Alaska, United States of America, in the prolific Tintina Gold Belt, a province which hosts a 220 million-ounce (Moz) documented gold endowment and some of the gold mines and discoveries, including Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The Company has two primary gold deposits at Estelle: RPM High-Grade Gold in the South, and Korbel Bulk Tonnage Gold in the North.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nova Minerals Advances Gold Exploration and Antimony Development
- Significant Drilling Results: The 2025 RPM Valley drilling program confirmed multiple intercepts above 1 g/t Au, including a record 0.5m @ 364 g/t Au, demonstrating mineralization continuity and resource expansion potential, which is expected to accelerate the Estelle project's development.
- Antimony Supply Chain Development: Nova secured a $43.4 million non-dilutive funding award to establish a U.S. domestic antimony supply chain in Alaska, with production anticipated to commence between late 2026 and early 2027, addressing U.S. military and consumer market needs.
- Strong Financial Position: As of March 2026, Nova reported access to over A$89.4 million in funding, including A$47 million in cash and US$29 million in government grants, with no debt, ensuring financial flexibility for future project developments.
- U.S. Redomiciliation Plans: Nova announced plans to redomicile to the United States to better align with its predominantly U.S. shareholder base and enhance access to U.S. capital markets, with completion targeted by the end of June 2026, aimed at simplifying regulatory processes and improving funding capabilities.
See More
Central Bank Gold Purchases and Mining M&A Trends
- Central Bank Gold Purchases: In February 2026, central banks bought 27 tonnes of gold, matching last year's monthly average, with Poland adding 20 tonnes, indicating sustained institutional demand for hard assets that could drive gold prices higher.
- Mining M&A Trends: Mining companies are pursuing polymetallic deposits, particularly copper-gold systems, as they can generate multiple revenue streams without increasing capital expenditure, reflecting a market preference for scalable assets.
- Salazar Resources Discovery: Salazar Resources identified a high-priority copper-gold porphyry target at its Monja project in Ecuador, with rock samples showing a maximum copper grade of 4.77%, marking it as a cornerstone of the company's exploration strategy and enhancing its market competitiveness.
- El Domo Project Progress: Salazar retains a 25% interest in the El Domo copper-gold mine, expected to commence production in July 2027, with over 2.6 million cubic meters of material moved and improved recovery rates indicating strong economic potential for the project.
See More
Nova Minerals Discovers New Gold Anomaly in Alaska
- New Gold Anomaly: Nova Minerals has identified a new gold anomaly in the Portage Pass area of its Estelle Gold Project, with geological characteristics comparable to the Korbel gold deposit to the north, indicating higher consistency and grade of mineralization that could support future resource development.
- Significant Sample Results: The 2025 surface sampling results revealed that seven rock samples graded over 2 g/t Au, with a peak of 14.3 g/t Au, and ten soil samples graded over 0.5 g/t Au, with a maximum of 1.8 g/t Au, highlighting the substantial mineralization potential of the area.
- Future Exploration Plans: The company plans to conduct detailed soil sampling and follow-up induced polarization geophysical surveys in 2026, aiming to further confirm the mineralization potential at Portage Pass and align with the exploration pathway that led to the Korbel discovery, facilitating further resource development.
- Infrastructure Advantage: The proximity of Portage Pass to existing resources and proposed infrastructure enhances its development prospects, and Nova Minerals believes that the Estelle district continues to present new opportunities with significant upside potential.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn
- New CFO Appointment: Nova Minerals has announced the appointment of Ms. Ashlie Thorburn as CFO, effective April 20, 2026, marking a strategic shift in the company's financial management aimed at enhancing financial transparency and operational efficiency.
- Extensive Financial Background: Prior to this role, Thorburn served as a Senior Manager at Armanino Advisory, focusing on finance transformation and public company readiness, showcasing her expertise in complex financial environments, which will aid Nova in making more forward-looking financial decisions.
- Key Management Experience: Most recently, Thorburn was the U.S. Finance Lead at Southwest Critical Materials, where she managed acquisition integration, budgeting, and private equity reporting, providing crucial support for Nova Minerals in mergers and capital management.
- Strategic Company Restructuring: Nova Minerals plans to redomicile to the U.S. and seeks 100% ownership of the Estelle project, with Thorburn's addition expected to accelerate this strategic transformation and enhance the company's competitiveness in the market.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn to Drive Growth
- Executive Appointment: Nova Minerals has appointed Ashlie Thorburn as Chief Financial Officer, effective April 20, 2026, bringing over 20 years of financial leadership experience in the mining sector, which is expected to enhance the company's financial and operational capabilities as it advances the Estelle Project toward production.
- Financial Expertise: Thorburn possesses extensive knowledge in SEC, TSX, and ASX reporting, having held senior financial roles in both public and private companies, and her addition is anticipated to strengthen the governance framework and improve engagement with U.S. capital markets.
- Project Financing Skills: As CFO, Thorburn will leverage her rich experience in project financing, capital allocation, and cost control throughout the mining lifecycle to support the advancement of the Estelle Gold and Critical Minerals Project, ensuring the company remains competitive in future growth.
- Strategic Vision: Nova CEO Christopher Gerteisen noted that Thorburn's appointment signifies an exciting phase for the rapidly developing Estelle Project, and she is expected to work closely with the leadership team to drive long-term value creation for shareholders.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn
- Executive Appointment: Nova Minerals has announced the appointment of Ashlie Thorburn as Chief Financial Officer, effective April 20, 2026, bringing over 20 years of senior financial leadership experience in the mining sector, which is expected to enhance the company's strategic direction and management capabilities.
- Financial Leadership Experience: Most recently, Thorburn served as the U.S. Finance Lead at Southwest Critical Materials, where she was responsible for acquisition integration, budgeting, treasury management, and private equity reporting, suggesting her expertise will bolster Nova's financial strategy and operational efficiency.
- Advisory Background: Prior to her role at Southwest, Thorburn was a Senior Manager at Armanino Advisory, focusing on finance transformation and public company readiness, indicating that her advisory experience will aid Nova in improving financial transparency and compliance.
- Mining Industry Experience: Thorburn held senior roles at Hycroft Mining Holding Corp. as Vice President and Controller, supporting the company's transition to a public entity, which is likely to enhance Nova's competitiveness in capital markets given her extensive mining background.
See More
Nova Minerals Advances Gold Exploration and Antimony Development
- Significant Drilling Results: The 2025 RPM Valley drilling program confirmed multiple intercepts above 1 g/t Au, including a record 0.5m @ 364 g/t Au, demonstrating mineralization continuity and resource expansion potential, which is expected to accelerate the Estelle project's development.
- Antimony Supply Chain Development: Nova secured a $43.4 million non-dilutive funding award to establish a U.S. domestic antimony supply chain in Alaska, with production anticipated to commence between late 2026 and early 2027, addressing U.S. military and consumer market needs.
- Strong Financial Position: As of March 2026, Nova reported access to over A$89.4 million in funding, including A$47 million in cash and US$29 million in government grants, with no debt, ensuring financial flexibility for future project developments.
- U.S. Redomiciliation Plans: Nova announced plans to redomicile to the United States to better align with its predominantly U.S. shareholder base and enhance access to U.S. capital markets, with completion targeted by the end of June 2026, aimed at simplifying regulatory processes and improving funding capabilities.
See More
Central Bank Gold Purchases and Mining M&A Trends
- Central Bank Gold Purchases: In February 2026, central banks bought 27 tonnes of gold, matching last year's monthly average, with Poland adding 20 tonnes, indicating sustained institutional demand for hard assets that could drive gold prices higher.
- Mining M&A Trends: Mining companies are pursuing polymetallic deposits, particularly copper-gold systems, as they can generate multiple revenue streams without increasing capital expenditure, reflecting a market preference for scalable assets.
- Salazar Resources Discovery: Salazar Resources identified a high-priority copper-gold porphyry target at its Monja project in Ecuador, with rock samples showing a maximum copper grade of 4.77%, marking it as a cornerstone of the company's exploration strategy and enhancing its market competitiveness.
- El Domo Project Progress: Salazar retains a 25% interest in the El Domo copper-gold mine, expected to commence production in July 2027, with over 2.6 million cubic meters of material moved and improved recovery rates indicating strong economic potential for the project.
See More
Nova Minerals Discovers New Gold Anomaly in Alaska
- New Gold Anomaly: Nova Minerals has identified a new gold anomaly in the Portage Pass area of its Estelle Gold Project, with geological characteristics comparable to the Korbel gold deposit to the north, indicating higher consistency and grade of mineralization that could support future resource development.
- Significant Sample Results: The 2025 surface sampling results revealed that seven rock samples graded over 2 g/t Au, with a peak of 14.3 g/t Au, and ten soil samples graded over 0.5 g/t Au, with a maximum of 1.8 g/t Au, highlighting the substantial mineralization potential of the area.
- Future Exploration Plans: The company plans to conduct detailed soil sampling and follow-up induced polarization geophysical surveys in 2026, aiming to further confirm the mineralization potential at Portage Pass and align with the exploration pathway that led to the Korbel discovery, facilitating further resource development.
- Infrastructure Advantage: The proximity of Portage Pass to existing resources and proposed infrastructure enhances its development prospects, and Nova Minerals believes that the Estelle district continues to present new opportunities with significant upside potential.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn
- New CFO Appointment: Nova Minerals has announced the appointment of Ms. Ashlie Thorburn as CFO, effective April 20, 2026, marking a strategic shift in the company's financial management aimed at enhancing financial transparency and operational efficiency.
- Extensive Financial Background: Prior to this role, Thorburn served as a Senior Manager at Armanino Advisory, focusing on finance transformation and public company readiness, showcasing her expertise in complex financial environments, which will aid Nova in making more forward-looking financial decisions.
- Key Management Experience: Most recently, Thorburn was the U.S. Finance Lead at Southwest Critical Materials, where she managed acquisition integration, budgeting, and private equity reporting, providing crucial support for Nova Minerals in mergers and capital management.
- Strategic Company Restructuring: Nova Minerals plans to redomicile to the U.S. and seeks 100% ownership of the Estelle project, with Thorburn's addition expected to accelerate this strategic transformation and enhance the company's competitiveness in the market.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn to Drive Growth
- Executive Appointment: Nova Minerals has appointed Ashlie Thorburn as Chief Financial Officer, effective April 20, 2026, bringing over 20 years of financial leadership experience in the mining sector, which is expected to enhance the company's financial and operational capabilities as it advances the Estelle Project toward production.
- Financial Expertise: Thorburn possesses extensive knowledge in SEC, TSX, and ASX reporting, having held senior financial roles in both public and private companies, and her addition is anticipated to strengthen the governance framework and improve engagement with U.S. capital markets.
- Project Financing Skills: As CFO, Thorburn will leverage her rich experience in project financing, capital allocation, and cost control throughout the mining lifecycle to support the advancement of the Estelle Gold and Critical Minerals Project, ensuring the company remains competitive in future growth.
- Strategic Vision: Nova CEO Christopher Gerteisen noted that Thorburn's appointment signifies an exciting phase for the rapidly developing Estelle Project, and she is expected to work closely with the leadership team to drive long-term value creation for shareholders.
See More
Nova Minerals Appoints New CFO Ashlie Thorburn
- Executive Appointment: Nova Minerals has announced the appointment of Ashlie Thorburn as Chief Financial Officer, effective April 20, 2026, bringing over 20 years of senior financial leadership experience in the mining sector, which is expected to enhance the company's strategic direction and management capabilities.
- Financial Leadership Experience: Most recently, Thorburn served as the U.S. Finance Lead at Southwest Critical Materials, where she was responsible for acquisition integration, budgeting, treasury management, and private equity reporting, suggesting her expertise will bolster Nova's financial strategy and operational efficiency.
- Advisory Background: Prior to her role at Southwest, Thorburn was a Senior Manager at Armanino Advisory, focusing on finance transformation and public company readiness, indicating that her advisory experience will aid Nova in improving financial transparency and compliance.
- Mining Industry Experience: Thorburn held senior roles at Hycroft Mining Holding Corp. as Vice President and Controller, supporting the company's transition to a public entity, which is likely to enhance Nova's competitiveness in capital markets given her extensive mining background.
See More
