Nova Minerals Reports Shallow Drilling Results at Korbel Main, 4.05Moz Resource Identified
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Should l Buy NVA?
Source: Globenewswire
- 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.
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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 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
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
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 Shallow Drilling Results at Korbel Main with Grades Up to 1.2 g/t Au
- Resource Assessment Progress: The 2025 shallow reverse circulation drilling at Korbel Main revealed grades up to 1.2 g/t Au across 14 holes, indicating a significant enhancement in the economic potential of the deposit, which is expected to positively impact the ongoing feasibility study.
- Initial Mining Potential: Results suggest a proposed pilot starter pit approximately 250m long and 80m wide may be suitable within the 275 Mt resource at Korbel Main, laying the groundwork for future ore sorting tests that could further reduce production costs.
- Gold Price Impact: With current gold prices around $4,600/oz, the combined 4.05 Moz resource at Korbel is anticipated to materially enhance project economics, bolstering investor confidence in the ongoing feasibility study.
- Technological Innovation: The reverse circulation drilling has confirmed near-surface high-grade mineralization at Korbel Main, showcasing the potential for ore sorting that could upgrade material from 0.4 g/t Au to over 6 g/t Au, thereby improving production efficiency.
See More
Nova Minerals Reports RPM Valley Drill Results with Record 364 g/t Gold Intercept
- High-Grade Gold Discovery: Nova Minerals has reported a record intercept of 0.5 meters at 364 g/t gold from RPM Valley, marking the highest grade encountered to date and validating the high-grade potential of the area, which is expected to drive resource assessment and development efforts.
- Mineralization Continuity Confirmed: The 2025 closely spaced drilling results indicate strong continuity of mineralization at RPM Valley, with multiple holes returning grades exceeding 1 g/t gold, suggesting a solid foundation for a maiden Measured and Indicated Mineral Resource, enhancing the project's economic viability.
- Resource Expansion Potential: New drilling results reveal that mineralization at RPM Valley remains open, with future drilling set to further assess the resource potential, particularly in the southern and deeper extensions, which could present significant growth opportunities for the company.
- Pre-Feasibility Study Progress: With improved gold recovery rates, Nova Minerals is advancing its pre-feasibility study, which is expected to provide critical data for future mine development, while the company plans to conduct airborne geophysical surveys in spring 2026 to further evaluate the project's potential.
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
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
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 Shallow Drilling Results at Korbel Main with Grades Up to 1.2 g/t Au
- Resource Assessment Progress: The 2025 shallow reverse circulation drilling at Korbel Main revealed grades up to 1.2 g/t Au across 14 holes, indicating a significant enhancement in the economic potential of the deposit, which is expected to positively impact the ongoing feasibility study.
- Initial Mining Potential: Results suggest a proposed pilot starter pit approximately 250m long and 80m wide may be suitable within the 275 Mt resource at Korbel Main, laying the groundwork for future ore sorting tests that could further reduce production costs.
- Gold Price Impact: With current gold prices around $4,600/oz, the combined 4.05 Moz resource at Korbel is anticipated to materially enhance project economics, bolstering investor confidence in the ongoing feasibility study.
- Technological Innovation: The reverse circulation drilling has confirmed near-surface high-grade mineralization at Korbel Main, showcasing the potential for ore sorting that could upgrade material from 0.4 g/t Au to over 6 g/t Au, thereby improving production efficiency.
See More
Nova Minerals Reports RPM Valley Drill Results with Record 364 g/t Gold Intercept
- High-Grade Gold Discovery: Nova Minerals has reported a record intercept of 0.5 meters at 364 g/t gold from RPM Valley, marking the highest grade encountered to date and validating the high-grade potential of the area, which is expected to drive resource assessment and development efforts.
- Mineralization Continuity Confirmed: The 2025 closely spaced drilling results indicate strong continuity of mineralization at RPM Valley, with multiple holes returning grades exceeding 1 g/t gold, suggesting a solid foundation for a maiden Measured and Indicated Mineral Resource, enhancing the project's economic viability.
- Resource Expansion Potential: New drilling results reveal that mineralization at RPM Valley remains open, with future drilling set to further assess the resource potential, particularly in the southern and deeper extensions, which could present significant growth opportunities for the company.
- Pre-Feasibility Study Progress: With improved gold recovery rates, Nova Minerals is advancing its pre-feasibility study, which is expected to provide critical data for future mine development, while the company plans to conduct airborne geophysical surveys in spring 2026 to further evaluate the project's potential.
See More
