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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.525 -0.305 (-36.75%)+
Announcement
Release
27 Oct 2025 8:28AM
Price at Release
$0.830
Full Release
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Summary
Nova Minerals Limited reported its Quarterly Activities/Appendix 5B Cash Flow for the quarter ended 30 September 2025. The report highlighted significant exploration and evaluation activities, with expenditures totaling $6.1 million, primarily for drilling, PFS test work, and environmental studies. The company also reported administration and corporate expenses of $617k and invested $1 million in Adelong Gold. Financing activities resulted in a net cash inflow of $17.223 million, predominantly from the issuance of equity securities. As a result, the cash and cash equivalents at the end of the period stood at $17.529 million. Additionally, Nova Minerals received a significant $43.4 million grant from the U.S. Department of War to develop an integrated antimony supply chain, underscoring the strategic importance of their Estelle Project.
Key Points
  • Nova Minerals Limited's exploration and evaluation costs were $6.1 million.
  • Administration and corporate expenses amounted to $617k.
  • $1 million was invested in Adelong Gold.
  • Net cash inflow from financing activities was $17.223 million.
  • Cash and cash equivalents at the end of the period were $17.529 million.
  • Received $43.4 million from the U.S. Department of War for antimony supply chain development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.