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Nova Minerals Provides an Update on its Estelle Gold-Antimony Project, in Alaska

Nova Minerals Limited - American Depositary Shares (NVA) 
Company Research Source: GlobeNewswire
Anchorage, Alaska, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FSE: QM3) is pleased to provide an update on its 2024 drilling and exploration field programs on its over 500km2 flagship Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska, where RPM drilling for the completion of its Feasibility Study (FS) is progressing, and surface sampling for gold-antimony at its Stibium prospect continues to impress. Highlights Development Optionality: The Feasibility Study (FS) currently underway is considering a strategy to achieve production as soon as possible with a scalable operation, subject to market conditions and strategic partners, by; Establishing an initial lower capex smaller scale operation at the high-grade RPM deposit for potential near term cashflow at high margins to self-fund expansion plans; and/orDevelop the higher capex la Show less Read more
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