Nova Minerals Begins Mobilization of Heavy Equipment to Estelle Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy NVA?
Nova Minerals announced that the mobilization of heavy equipment to the Estelle Project is underway via the Company's winter snow road, approximately 150km from Willow. Ideal winter conditions allowed snow road construction to commence in early December, which involved pre-packing snow, water-flooding for ice thickening at major river crossings, and minor brush clearing. This winter has delivered near perfect snow road conditions with exceptionally cold temperatures that are favorable for the construction of ice bridges over 1.5m thick. These bridges are capable of supporting freight loads well over 100,000lb while preserving a hard snowpack base. Upon receiving a $43.4M U.S. Department of War Award in October 20251 Nova rapidly assembled an Engineering, Procurement and Construction Management team tasked with sourcing heavy equipment from across the contiguous U.S. and Alaska to aid in trail construction, airstrip expansion, and the extraction and processing of stibnite-bearing ore. Equipment travelled via barge, rail, and truck to Nova's freight staging yard and logistics center in Willow, Alaska, where to date 95% of major mining and processing equipment items have now been received. Equipment is then loaded onto ski-trailers for transport by low ground pressure vehicles or self-driven along the winter trail to the Estelle Project site. Approximately 70% of the equipment has left the Nova freight yard in Willow via the winter road for delivery to the Estelle Project site. The next few weeks remain crucial to the winter freight mobilization effort. With cold temperaturesforecast for the foreseeable future, trail conditions should remain optimal, and the company is confident it will meet its objectives to deliver all essential mining and processing equipment required to commence antimony production on schedule.
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 Reports 2025 Gold Exploration Results
- New Gold Anomaly Discovery: Nova Minerals identified new gold anomalies in its 2025 surface sampling, with three rock samples exceeding 10 g/t Au, including a peak of 24.6 g/t Au, indicating significant potential for high-value deposits that could enhance future mining revenues.
- Exploration Program Expansion: The 2025 exploration program covered 75 line kilometers, collecting 430 soil samples and 170 rock samples, revealing new drill targets in the RPM area, demonstrating the company's strategic progress in identifying high-grade mineral bodies.
- High-Priority Drill Targets: The RPM ridgeline has been designated as a high-priority drill target for 2026, supported by integrated geological and geochemical data suggesting the potential for high-grade pods similar to RPM North, with successful drilling promising substantial strategic benefits for the Estelle project.
- Future Development Potential: Nova plans to continue exploring the western anomaly area in 2026, and with increasing gold grades, successful exploration could provide stronger growth momentum in a competitive market, further solidifying its market position in Alaska.
See More
Nova Minerals Reports 2025 Gold-Copper Anomaly Results
- Gold-Copper Anomaly Discovery: Nova Minerals has identified a gold-copper anomaly at the West Wing area of its Estelle Project in Alaska, measuring approximately 1,500m by 800m, with seven rock samples grading over 3 g/t Au, peaking at 15.5 g/t, indicating significant economic potential in the region.
- Soil Sample Analysis: The 2025 soil sampling yielded 16 samples with gold grades exceeding 1 g/t, with a maximum of 3.8 g/t, highlighting the substantial gold mining potential of the West Wing area, which may attract further investment and development.
- Copper Mineral Potential: The West Wing area also shows promising copper mineralization, with three rock samples exceeding 1% Cu, the highest being 6.9%, and 16 soil samples grading over 0.2% Cu, enhancing the project's multi-metal development prospects.
- Future Exploration Plans: Nova plans to prioritize detailed mapping and drill targeting at West Wing in 2026 to further assess the scale and economic viability of the mineralization in the area, advancing the project's development timeline.
See More
Nova Minerals Plans to Redomicile to U.S. to Enhance Capital Access
- Redomiciliation to U.S.: Nova Minerals announced plans to redomicile to the U.S. to reduce compliance obstacles while retaining dual listings on ASX and Nasdaq, which is expected to enhance its capital-raising capabilities in the larger and more diverse U.S. markets.
- Capital Access Benefits: The move is anticipated to provide Nova with access to lower-cost equity financing opportunities, thereby increasing its appeal to a broader U.S. investor base and facilitating future capital inflows.
- Full Ownership Acquisition: The company plans to acquire the remaining 15% interest in its Estelle gold and critical minerals project in Alaska, securing full ownership to support construction and facilitate funding access, further driving business development.
- Executive Transition: CFO Michael Melamed has given three months' notice of his resignation, prompting Nova to search for a U.S.-based CFO with mining operations and U.S. GAAP accounting experience to ensure smooth financial management post-redomiciliation.
See More
Nova Minerals Plans Reorganization and Redomiciliation to the U.S.
- Reorganization and Redomiciliation: Nova Minerals announced its intention to reorganize and redomicile to the U.S. after losing its foreign private issuer status on July 1, 2026, aiming to streamline compliance processes and enhance capital access.
- Acquisition of Remaining Shares: As part of the reorganization, Nova plans to acquire the remaining 15% interest in the Estelle Gold Project, which is expected to provide full ownership and expedite project construction and funding access.
- CFO Transition: Current CFO Michael Melamed has provided notice of resignation, prompting Nova to search for a new CFO with U.S. mining and GAAP experience to support financial management during the reorganization process.
- Shareholder Rights Protection: Nova expects to retain its dual listings on ASX and Nasdaq, with existing shareholders proportionately holding shares in the new company, ensuring trading continuity and protection of shareholder interests.
See More
NUVISTA AND OVINTIV REPORT NUVISTA SHAREHOLDER APPROVAL AND FINAL ORDER RECEIVED FOR OVINTIV TRANSACTION, ALONG WITH INITIAL ELECTION RESULTS ON CONSIDERATION FORM BY NUVISTA SHAREHOLDERS
Shareholder Approval: Nuvista has received approval from its shareholders for a transaction with Ovintiv.
Final Order Announcement: The company announced a final order regarding the transaction, which is a significant step in the process.
Preliminary Results: Nuvista shared preliminary results of elections held by its shareholders, indicating a positive response to the proposed transaction.
Consideration Form: The announcement included details on the form of consideration that will be taken into account for the transaction.
See More
Nova Minerals Reports Shallow Drilling Results at Korbel Main, 4.05Moz Resource Identified
- Resource Assessment Boost: The 2025 shallow reverse circulation drilling at Korbel Main revealed grades up to 1.2 g/t Au, confirming a resource of 275 Mt at 0.3 g/t Au, which is expected to significantly enhance project economics.
- Pilot Mining Potential: The proposed pilot pit, measuring approximately 250m long and 80m wide, is anticipated to provide sufficient ore for further sorting tests, potentially reducing processing costs and increasing gold production.
- Gold Price Impact: With current gold prices around $4,600/oz, the combined resource of 4.05Moz is expected to play a crucial role in the ongoing feasibility study, propelling the project towards production.
- Successful Drilling Program: A total of 14 reverse circulation holes were drilled in 2025, and despite challenges from a shallow water table, sufficient sampling was achieved to increase confidence in near-surface high-grade mineralization, laying the groundwork for future mine development.
See More
Nova Minerals Reports 2025 Gold Exploration Results
- New Gold Anomaly Discovery: Nova Minerals identified new gold anomalies in its 2025 surface sampling, with three rock samples exceeding 10 g/t Au, including a peak of 24.6 g/t Au, indicating significant potential for high-value deposits that could enhance future mining revenues.
- Exploration Program Expansion: The 2025 exploration program covered 75 line kilometers, collecting 430 soil samples and 170 rock samples, revealing new drill targets in the RPM area, demonstrating the company's strategic progress in identifying high-grade mineral bodies.
- High-Priority Drill Targets: The RPM ridgeline has been designated as a high-priority drill target for 2026, supported by integrated geological and geochemical data suggesting the potential for high-grade pods similar to RPM North, with successful drilling promising substantial strategic benefits for the Estelle project.
- Future Development Potential: Nova plans to continue exploring the western anomaly area in 2026, and with increasing gold grades, successful exploration could provide stronger growth momentum in a competitive market, further solidifying its market position in Alaska.
See More
Nova Minerals Reports 2025 Gold-Copper Anomaly Results
- Gold-Copper Anomaly Discovery: Nova Minerals has identified a gold-copper anomaly at the West Wing area of its Estelle Project in Alaska, measuring approximately 1,500m by 800m, with seven rock samples grading over 3 g/t Au, peaking at 15.5 g/t, indicating significant economic potential in the region.
- Soil Sample Analysis: The 2025 soil sampling yielded 16 samples with gold grades exceeding 1 g/t, with a maximum of 3.8 g/t, highlighting the substantial gold mining potential of the West Wing area, which may attract further investment and development.
- Copper Mineral Potential: The West Wing area also shows promising copper mineralization, with three rock samples exceeding 1% Cu, the highest being 6.9%, and 16 soil samples grading over 0.2% Cu, enhancing the project's multi-metal development prospects.
- Future Exploration Plans: Nova plans to prioritize detailed mapping and drill targeting at West Wing in 2026 to further assess the scale and economic viability of the mineralization in the area, advancing the project's development timeline.
See More
Nova Minerals Plans to Redomicile to U.S. to Enhance Capital Access
- Redomiciliation to U.S.: Nova Minerals announced plans to redomicile to the U.S. to reduce compliance obstacles while retaining dual listings on ASX and Nasdaq, which is expected to enhance its capital-raising capabilities in the larger and more diverse U.S. markets.
- Capital Access Benefits: The move is anticipated to provide Nova with access to lower-cost equity financing opportunities, thereby increasing its appeal to a broader U.S. investor base and facilitating future capital inflows.
- Full Ownership Acquisition: The company plans to acquire the remaining 15% interest in its Estelle gold and critical minerals project in Alaska, securing full ownership to support construction and facilitate funding access, further driving business development.
- Executive Transition: CFO Michael Melamed has given three months' notice of his resignation, prompting Nova to search for a U.S.-based CFO with mining operations and U.S. GAAP accounting experience to ensure smooth financial management post-redomiciliation.
See More
Nova Minerals Plans Reorganization and Redomiciliation to the U.S.
- Reorganization and Redomiciliation: Nova Minerals announced its intention to reorganize and redomicile to the U.S. after losing its foreign private issuer status on July 1, 2026, aiming to streamline compliance processes and enhance capital access.
- Acquisition of Remaining Shares: As part of the reorganization, Nova plans to acquire the remaining 15% interest in the Estelle Gold Project, which is expected to provide full ownership and expedite project construction and funding access.
- CFO Transition: Current CFO Michael Melamed has provided notice of resignation, prompting Nova to search for a new CFO with U.S. mining and GAAP experience to support financial management during the reorganization process.
- Shareholder Rights Protection: Nova expects to retain its dual listings on ASX and Nasdaq, with existing shareholders proportionately holding shares in the new company, ensuring trading continuity and protection of shareholder interests.
See More
NUVISTA AND OVINTIV REPORT NUVISTA SHAREHOLDER APPROVAL AND FINAL ORDER RECEIVED FOR OVINTIV TRANSACTION, ALONG WITH INITIAL ELECTION RESULTS ON CONSIDERATION FORM BY NUVISTA SHAREHOLDERS
Shareholder Approval: Nuvista has received approval from its shareholders for a transaction with Ovintiv.
Final Order Announcement: The company announced a final order regarding the transaction, which is a significant step in the process.
Preliminary Results: Nuvista shared preliminary results of elections held by its shareholders, indicating a positive response to the proposed transaction.
Consideration Form: The announcement included details on the form of consideration that will be taken into account for the transaction.
See More
Nova Minerals Reports Shallow Drilling Results at Korbel Main, 4.05Moz Resource Identified
- Resource Assessment Boost: The 2025 shallow reverse circulation drilling at Korbel Main revealed grades up to 1.2 g/t Au, confirming a resource of 275 Mt at 0.3 g/t Au, which is expected to significantly enhance project economics.
- Pilot Mining Potential: The proposed pilot pit, measuring approximately 250m long and 80m wide, is anticipated to provide sufficient ore for further sorting tests, potentially reducing processing costs and increasing gold production.
- Gold Price Impact: With current gold prices around $4,600/oz, the combined resource of 4.05Moz is expected to play a crucial role in the ongoing feasibility study, propelling the project towards production.
- Successful Drilling Program: A total of 14 reverse circulation holes were drilled in 2025, and despite challenges from a shallow water table, sufficient sampling was achieved to increase confidence in near-surface high-grade mineralization, laying the groundwork for future mine development.
See More
