Nova Minerals Reports Korbel Ore Flotation Test Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Source: Newsfilter
- Gold Recovery Breakthrough: Low-grade Korbel ore (0.39–0.42 g/t Au) achieved over 95% gold recovery at coarser grind sizes, with only 2-3% mass pull, significantly reducing processing costs and enhancing economic viability.
- Resource Potential Enhancement: The application of coarse particle flotation to the 425 Mt Korbel resource is expected to improve Estelle's feasibility study outcomes by lowering energy consumption and simplifying the process, potentially eliminating heap leaching requirements and enhancing overall project economics.
- Ongoing Optimization Studies: CIL testing and further coarse particle flotation studies are underway to confirm high gold recovery rates and optimize plant design, which will improve the project's overall economic profile.
- Strategic Implications: The CEO of Nova Minerals noted that the successful application of coarse particle flotation technology could significantly reduce processing and capital costs while simplifying downstream operations, thereby enhancing the company's ability to profitably recover gold from lower-grade materials and driving long-term project profitability.
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Analyst Views on NVA
About NVA
Nova Minerals Corp is a gold, antimony, and critical minerals mining exploration and development company. The Company's flagship project, the Estelle Project in Alaska, spans a 35 kilometer (km)-long mineralized corridor. It hosts more than 20 identified gold prospects, including four large, near-surface, intrusion-related gold deposits. The project is located 150 km north-west of Anchorage, covering 514 square kilometers of mining-friendly State of Alaska public lands within the Tintina Gold Belt, a region that hosts over 220 million ounces of primarily bulk-tonnage, high-margin gold deposits. The belt also contains substantial antimony deposits and a major source of North American antimony production. The Company holds two primary gold deposits at Estelle: the high-grade RPM deposit in the south and the bulk-tonnage Korbel deposit in the north. Its other gold prospects include Stoney, Stibium and Train. Its antimony prospects include Styx Trumpet, Shoeshine, and T5 prospects.
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 Appoints New Board Member
- New Board Member: Nova Minerals appointed Joshua Girnun to its Board of Directors effective July 1, 2026, bringing extensive finance and technical expertise from JP Morgan, which is expected to significantly support the company's resource project advancements.
- Corporate Restructuring Strategy: The company has recently completed its redomiciliation from Australia to the U.S. to align with its predominantly U.S. asset base, enhancing access to American government and institutional capital, thereby paving the way for broader index inclusion.
- Project Advancement Plans: Nova is progressing its Estelle Gold and Critical Minerals Project through feasibility studies and aims for near-term production of military-grade antimony trisulfide, backed by a $43.4 million award from the U.S. Department of War, targeted for late 2026/2027.
- Resource Potential Assessment: Girnun highlighted that the Estelle Project is one of North America's most significant undeveloped gold and critical minerals assets, with a 220 million ounce gold endowment, and with strong U.S. government backing, Nova is well-positioned as it advances toward production.
See More
Nova Minerals Corrects Market Capitalization Misreporting
- Market Cap Correction: Nova Minerals has clarified that certain investment websites inaccurately reported its market capitalization as approximately $2.1 billion, while the actual figure is around $166 million, reflecting significant changes in the company's capital structure following its redomiciliation to the U.S.
- Share Exchange Ratio: Following the 1-for-12 exchange ratio disclosed on June 16, 2026, Nova issued 38,181,050 shares of common stock in exchange for 458,140,036 ordinary shares, demonstrating the company's commitment to transparency and compliance during its capital restructuring.
- Investor Advisory: The company advises investors to refer to its filings with the U.S. Securities and Exchange Commission for accurate capital structure information, emphasizing its disassociation from third-party data to protect investor interests.
- Strategic Development: Nova is advancing its Estelle Gold and Critical Minerals Project in Alaska, targeting production in late 2026/2027, highlighting the company's strategic importance in the critical minerals supply chain.
See More
Nova Minerals Reports Korbel Ore Flotation Test Results
- Gold Recovery Breakthrough: Low-grade Korbel ore (0.39–0.42 g/t Au) achieved over 95% gold recovery at coarser grind sizes, with only 2-3% mass pull, significantly reducing processing costs and enhancing economic viability.
- Resource Potential Enhancement: The application of coarse particle flotation to the 425 Mt Korbel resource is expected to improve Estelle's feasibility study outcomes by lowering energy consumption and simplifying the process, potentially eliminating heap leaching requirements and enhancing overall project economics.
- Ongoing Optimization Studies: CIL testing and further coarse particle flotation studies are underway to confirm high gold recovery rates and optimize plant design, which will improve the project's overall economic profile.
- Strategic Implications: The CEO of Nova Minerals noted that the successful application of coarse particle flotation technology could significantly reduce processing and capital costs while simplifying downstream operations, thereby enhancing the company's ability to profitably recover gold from lower-grade materials and driving long-term project profitability.
See More
Nova Minerals Completes US Redomicile and Launches 2026 Exploration Season
- Successful Redomicile: Nova Minerals has successfully completed its redomicile to the United States, with its common stock and listed warrants now trading on the NYSE American under the ticker symbols "NVA" and "NVAWS", enhancing market visibility and investor confidence.
- Drilling Activities Commenced: Gold drilling began on June 17 from a new pad at the RPM ridge, targeting identified gold geochemical anomalies, which is expected to drive further resource definition and development.
- Geophysical Survey Completed: The company completed a nearly 2,000 line-mile ZTEM airborne geophysical survey, identifying numerous reduced intrusion-related gold systems, which is anticipated to significantly enhance exploration targeting accuracy, particularly in the RPM and West Wing areas.
- Increased Strategic Investment: Nova has increased its investment in Amara Minerals to A$500,000, participating in a share placement at A$0.005 per share and receiving listed options, which will enhance its market exposure in Australian gold and antimony projects.
See More
Nova Minerals Completes Redomiciliation from Australia to the U.S.
- Redomiciliation Effective: Nova Minerals announced that its plan to redomicile from Australia to the U.S. became effective on June 16, 2026, marking a significant advancement in its global market positioning, which is expected to enhance its investment appeal in the U.S. market.
- Stock Trading Launch: The company's common stock and warrants are set to commence trading on the NYSE American under the symbols 'NVA' and 'NVAWS' on June 17, 2026, which is anticipated to increase liquidity and attract more investor interest.
- Compliance Requirements: Nova Minerals will adhere to the reporting requirements of the U.S. Securities and Exchange Commission and the corporate governance rules of NYSE American, which will enhance the company's transparency and compliance, thereby boosting investor confidence.
- Resource Development Strategy: The company is advancing its Estelle Gold and Critical Minerals Project in Alaska, which is expected to provide a crucial domestic supply of antimony, with production targeted for late 2026/2027, further solidifying its position in the mining sector.
See More
Nova Minerals Receives Approval for Ordinary Shares and Warrants Listing
- Listing Approval: Nova Minerals announced that its ordinary shares and warrants have received approval for listing, marking a significant advancement in the company's capital market strategy, which is expected to enhance its financing capabilities for future projects.
- Market Reaction: This listing approval may attract more investor attention, increasing the company's visibility in the mining sector and providing stronger financial support for its subsequent development.
- Strategic Implications: By going public, Nova Minerals will be able to raise funds more effectively, driving its exploration and development in the gold and silver mining sectors, thereby solidifying its market position.
- Future Outlook: The company plans to leverage this listing opportunity to expand its investment portfolio in the mining sector, addressing the growing market demand and challenges in resource development.
See More
Nova Minerals Appoints New Board Member
- New Board Member: Nova Minerals appointed Joshua Girnun to its Board of Directors effective July 1, 2026, bringing extensive finance and technical expertise from JP Morgan, which is expected to significantly support the company's resource project advancements.
- Corporate Restructuring Strategy: The company has recently completed its redomiciliation from Australia to the U.S. to align with its predominantly U.S. asset base, enhancing access to American government and institutional capital, thereby paving the way for broader index inclusion.
- Project Advancement Plans: Nova is progressing its Estelle Gold and Critical Minerals Project through feasibility studies and aims for near-term production of military-grade antimony trisulfide, backed by a $43.4 million award from the U.S. Department of War, targeted for late 2026/2027.
- Resource Potential Assessment: Girnun highlighted that the Estelle Project is one of North America's most significant undeveloped gold and critical minerals assets, with a 220 million ounce gold endowment, and with strong U.S. government backing, Nova is well-positioned as it advances toward production.
See More
Nova Minerals Corrects Market Capitalization Misreporting
- Market Cap Correction: Nova Minerals has clarified that certain investment websites inaccurately reported its market capitalization as approximately $2.1 billion, while the actual figure is around $166 million, reflecting significant changes in the company's capital structure following its redomiciliation to the U.S.
- Share Exchange Ratio: Following the 1-for-12 exchange ratio disclosed on June 16, 2026, Nova issued 38,181,050 shares of common stock in exchange for 458,140,036 ordinary shares, demonstrating the company's commitment to transparency and compliance during its capital restructuring.
- Investor Advisory: The company advises investors to refer to its filings with the U.S. Securities and Exchange Commission for accurate capital structure information, emphasizing its disassociation from third-party data to protect investor interests.
- Strategic Development: Nova is advancing its Estelle Gold and Critical Minerals Project in Alaska, targeting production in late 2026/2027, highlighting the company's strategic importance in the critical minerals supply chain.
See More
Nova Minerals Reports Korbel Ore Flotation Test Results
- Gold Recovery Breakthrough: Low-grade Korbel ore (0.39–0.42 g/t Au) achieved over 95% gold recovery at coarser grind sizes, with only 2-3% mass pull, significantly reducing processing costs and enhancing economic viability.
- Resource Potential Enhancement: The application of coarse particle flotation to the 425 Mt Korbel resource is expected to improve Estelle's feasibility study outcomes by lowering energy consumption and simplifying the process, potentially eliminating heap leaching requirements and enhancing overall project economics.
- Ongoing Optimization Studies: CIL testing and further coarse particle flotation studies are underway to confirm high gold recovery rates and optimize plant design, which will improve the project's overall economic profile.
- Strategic Implications: The CEO of Nova Minerals noted that the successful application of coarse particle flotation technology could significantly reduce processing and capital costs while simplifying downstream operations, thereby enhancing the company's ability to profitably recover gold from lower-grade materials and driving long-term project profitability.
See More
Nova Minerals Completes US Redomicile and Launches 2026 Exploration Season
- Successful Redomicile: Nova Minerals has successfully completed its redomicile to the United States, with its common stock and listed warrants now trading on the NYSE American under the ticker symbols "NVA" and "NVAWS", enhancing market visibility and investor confidence.
- Drilling Activities Commenced: Gold drilling began on June 17 from a new pad at the RPM ridge, targeting identified gold geochemical anomalies, which is expected to drive further resource definition and development.
- Geophysical Survey Completed: The company completed a nearly 2,000 line-mile ZTEM airborne geophysical survey, identifying numerous reduced intrusion-related gold systems, which is anticipated to significantly enhance exploration targeting accuracy, particularly in the RPM and West Wing areas.
- Increased Strategic Investment: Nova has increased its investment in Amara Minerals to A$500,000, participating in a share placement at A$0.005 per share and receiving listed options, which will enhance its market exposure in Australian gold and antimony projects.
See More
Nova Minerals Completes Redomiciliation from Australia to the U.S.
- Redomiciliation Effective: Nova Minerals announced that its plan to redomicile from Australia to the U.S. became effective on June 16, 2026, marking a significant advancement in its global market positioning, which is expected to enhance its investment appeal in the U.S. market.
- Stock Trading Launch: The company's common stock and warrants are set to commence trading on the NYSE American under the symbols 'NVA' and 'NVAWS' on June 17, 2026, which is anticipated to increase liquidity and attract more investor interest.
- Compliance Requirements: Nova Minerals will adhere to the reporting requirements of the U.S. Securities and Exchange Commission and the corporate governance rules of NYSE American, which will enhance the company's transparency and compliance, thereby boosting investor confidence.
- Resource Development Strategy: The company is advancing its Estelle Gold and Critical Minerals Project in Alaska, which is expected to provide a crucial domestic supply of antimony, with production targeted for late 2026/2027, further solidifying its position in the mining sector.
See More
Nova Minerals Receives Approval for Ordinary Shares and Warrants Listing
- Listing Approval: Nova Minerals announced that its ordinary shares and warrants have received approval for listing, marking a significant advancement in the company's capital market strategy, which is expected to enhance its financing capabilities for future projects.
- Market Reaction: This listing approval may attract more investor attention, increasing the company's visibility in the mining sector and providing stronger financial support for its subsequent development.
- Strategic Implications: By going public, Nova Minerals will be able to raise funds more effectively, driving its exploration and development in the gold and silver mining sectors, thereby solidifying its market position.
- Future Outlook: The company plans to leverage this listing opportunity to expand its investment portfolio in the mining sector, addressing the growing market demand and challenges in resource development.
See More
