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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.525 -0.61 (-53.74%)+
Announcement
Release
21 Jan 2026 8:22AM
Price at Release
$1.135
Full Release
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Summary
Nova Minerals Limited has announced promising results from the 2025 shallow RC drilling program at the Korbel Gold Deposit, part of the Estelle Gold and Critical Minerals Project in Alaska. The drilling, comprising 14 RC holes, aimed to enhance resource confidence and revealed a near-surface higher-grade core within the deposit, highlighting the potential for a pilot starter pit. This core showed gold grades of up to 1.2 g/t Au, which could be significantly upgraded using ore sorting technology. This drilling program supports the ongoing pre-feasibility study (PFS) and indicates that the Korbel resource could play a crucial role in project economics, especially with current gold prices around US$4,600/oz. Nova Minerals is advancing the project towards production while also working on a domestic supply of the critical mineral antimony.
Key Points
  • 2025 RC drilling defines higher-grade core at Korbel Main Deposit.
  • Potential for a pilot starter pit with grades up to 1.2 g/t Au.
  • Ore sorting could upgrade gold from 0.4 g/t to over 6 g/t Au.
  • Korbel is part of a larger 8.65 Moz resource contributing to PFS.
  • Current gold prices enhance project's economic feasibility.
  • Nova Minerals aims to progress towards production and antimony supply.
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.