Nova Minerals Corp

What Nova Minerals Corp does

Nova Minerals Corp is an Australian-domiciled, publicly listed mineral exploration and development company (ASX: NVA, NYSE American: NVA, OTCQB: NVAAF, FRA: QM3) that has been advancing its flagship Estelle Project in Alaska since 2018. The company operates through a wholly owned U.S. subsidiary, Alaska Range Resources, LLC, holds an 85% interest in Estelle, and runs dual corporate offices in Caulfield, Australia and Greenwood Village, Colorado, with CEO Christopher Gerteisen Alaska-based. There are no customers or production today: the company is pre-revenue, monetizing only through equity capital raises across four exchanges and a US$43.4M U.S. Department of War grant awarded in 2024 to develop a domestic antimony supply chain.

The Estelle Project spans 514 km² of State of Alaska mining claims within the Tintina Gold Belt, 150 km northwest of Anchorage, and is anchored by a 9.9 Moz Au JORC-compliant global resource (5.2 Moz Au S-K 1300 pit-constrained at US$2,000/oz) supported by 84,000 meters of drilling. The resource base includes the high-grade RPM starter-pit deposit (RPM-005: 132m @ 10.1 g/t Au, including 86m @ 14.1 g/t Au), the bulk-tonnage Korbel deposit (6.64 Moz) and Cathedral deposit (2.01 Moz), plus more than 20 additional gold prospects. A 2023 JORC scoping study estimates NPV5% of US$654M and IRR of 53% at US$1,850/oz gold, with life-of-mine AISC of US$1,149/oz. Nova has also delineated the Stibium and Styx antimony prospects (rock samples up to 60.5% Sb), and is pursuing near-term antimony production supported by the DoW grant and Presidential Executive Order No. 14153. Core process technology centers on intrusion-related gold system (IRGS) geology, particle-density XRT ore sorting (capable of upgrading 0.4 g/t Au feed to ~6 g/t Au), and conventional gold processing at 88.3% recovery. A Pre-Feasibility Study is examining staged development pathways including a standalone antimony-gold operation at Stibium.

Nova's go-to-market is capital-markets-led: the company markets to institutional and retail investors across ASX, NYSE American, OTCQB, and Frankfurt, supported by analyst coverage from ThinkEquity, Crystal Research, GBA, Martin Place Securities, and Petra Capital, plus an investor-relations stack spanning Redchip webinars, YouTube, LinkedIn, X, and a Vrify 3D Interactive Tour. Future commercial revenue will come from sale of gold and antimony to refiners, smelters, and commodity traders, with potential offtake agreements and further U.S. government funding support. The AIDEA-led West Susitna Access Road, currently in EIS, is the key infrastructure enabler with construction proposed to start in 2026.

Name

Nova Minerals Corp

Legal name

Nova Minerals Limited

Website

https://novamineralscorp.com

Company type

Public

Operating status

Operating

Short description

Nova Minerals Corp is a pre-revenue Australian-listed mining exploration and development company advancing its 85%-owned, 514 km² Estelle gold and antimony project in Alaska toward production, targeting institutional investors and future commodity offtake partners.

Ownership category

akta.pro rank

Product category

Gold and Antimony Mining

NAICS

Mining (except Oil and Gas) (212)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining
• Antimony mining
• Mineral exploration
• Critical minerals
• Resource development

Headquarters

HQ city

Caulfield

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Gold Production: When the Estelle Project reaches production, revenue will be generated from the sale of gold extracted from multiple deposits (RPM, Korbel, Cathedral). The 2023 scoping study demonstrates strong economics with NPV5% of US$654M and IRR of 53% at US$1,850/oz gold price.
2. Antimony Production: Revenue from antimony production at Stibium and other antimony-rich prospects. Antimony is a critical U.S. mineral with no domestic supply. Nova has applied for DoD grants to expedite development. Antimony prices have surged due to supply chain risks and global demand growth.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

Nova Minerals is a mining exploration and development company advancing its 514 km² district-scale Estelle Project in Alaska toward production. The project hosts a 9.9 Moz Au JORC-compliant global resource and a 5.2 Moz Au S-K 1300 pit-constrained resource across the RPM, Korbel, and Cathedral gold deposits, plus antimony prospects at Stibium and Styx. The company is supported by a US$43.4 million U.S. Department of War grant to develop a domestic antimony supply chain.

Product overview

Nova Minerals Corp is a mining exploration and development company with a single unified focus on advancing its flagship Estelle Project in Alaska. The project encompasses multiple deposit types: high-grade gold at RPM (suitable for starter pit mining), bulk-tonnage gold at Korbel and Cathedral (for long-term production), and antimony prospects including Stibium and Styx (for near-term critical mineral production). The company is developing advanced processing technology including XRT ore sorting, supported by a Pre-Feasibility Study, and uses digital tools such as Vrify 3D Interactive Tour for stakeholder engagement. The company holds an 85% interest in Estelle with US$43.4M support from the Department of War for antimony development.

Differentiator

Problem solved

Functional benefit

Products and services

• Estelle Gold and Antimony Project Flagship 514 km² district-scale Alaskan mineralized project located 150 km northwest of Anchorage within the Tintina Gold Belt, hosting a 9.9 Moz Au JORC-compliant global resource and antimony potential across multiple deposits and prospects. 85% attributable to Nova Minerals.
• RPM Gold Deposit High-grade gold deposit in the southern portion of the Estelle Project with thick high-grade drill intercepts suitable for potential near-term starter pit mining.
• Korbel Gold Deposit Bulk tonnage gold deposit in the northern portion of the Estelle Project, containing 6.64 Moz @ 0.3 g/t Au, designed as the central processing hub for the project.
• Cathedral Gold Deposit Bulk tonnage gold deposit near Korbel Main with confirmed strike length of 0.8 km and width of 0.4 km, containing 2.01 Moz @ 0.3 g/t Au, with potential for higher-grade zones within the core.
• Stibium Antimony Prospect High-priority antimony-gold prospect at Estelle, defined as an 800m long and 400m wide zone with rock samples up to 60.5% Sb and 141 g/t Au, identified as the top priority antimony asset for near-term production potential.
• Styx Antimony Prospect High-grade gold-antimony prospect characterized by a ~1m thick quartz-stibnite vein with 50% stibnite over 20m outcrop exposure, featuring a very low strip ratio of 1.7:1 and samples up to 54.1% Sb.

Quantifiable outcome

• NPV5% of US$654M with 53% IRR at US$1,850/oz gold price
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and significant.

• Alaska Industrial Development and Export Authority (AIDEA)coreStrategic or Co-development PartnerAIDEA is progressing the West Susitna Access Road to permitting stage. The EIS process is currently underway with construction proposed to start in 2026. The all-weather road, situated entirely on State land within the Matanuska-Susitna Borough, will provide significant infrastructure benefits to the Estelle Project. Governor Mike Dunleavy has expressed strong commitment to the project for unlocking resources that benefit all Alaskans.
• RFC AmbriansignificantStrategic or Co-development PartnerIndependent resources expert RFC Ambrian recognized Nova's Estelle Project as one of only nine potentially viable near-term antimony projects globally in their February 2025 critical minerals report. This third-party validation provides credibility to Nova's antimony asset valuation and strategic importance.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Newmont Corporation: World's largest gold miner with major operations including in Alaska (Donlin joint venture with NovaGold). Comparable incumbent buyer/operator likely to be a strategic acquirer of district-scale Alaskan gold assets as Nova advances toward production.
• IAMGOLD Corporation: Mid-tier gold producer with development assets (e.g., Côté Lake) in tier-one jurisdictions. Comparable precious-metals operator with a meaningful project-development pipeline and similar scale of resource base to Nova.
• Coeur Mining, Inc. Established North American gold and silver producer with multiple operating mines. Comparable as a precious-metals miner serving similar commodity markets but with diversified production rather than pre-revenue single-asset exposure.

Regional players

• Trilogy Metals Inc. Alaskan-focused developer of the Upper Kobuk Mineral Projects (copper, zinc, gold, silver). Comparable as a Tier-1 Alaska jurisdiction developer leveraging similar state-level infrastructure and policy support.

Emerging players

• White Gold Corp. Yukon-focused gold explorer with district-scale claims and surface samples exceeding 1,000 g/t Au. Comparable as an early-stage explorer whose value lies in optionality across numerous prospects on a single district-scale land package.
• New Pacific Metals Corp. Pre-revenue silver-gold developer advancing the Silver Sand project in Bolivia. Comparable as a development-stage precious-metals company progressing through feasibility work with a single flagship asset.

Direct peers

• Seabridge Gold Inc. Pre-production gold developer with the KSM project in British Columbia (multi-decade resource base). Comparable as a development-stage precious-metals company trading on resource optionality rather than current production.
• NovaGold Resources Inc. Alaska-focused gold developer advancing the Donlin Gold project (45+ Moz Au resource). Closest geographic and stage-of-development comparable to Nova's Estelle, with shared U.S. regulatory and infrastructure exposure.
• Perpetua Resources Corp: Developing the Stibium Gold project in Idaho - a near-direct comparable given its combined gold + antimony (critical mineral) asset and similar permitting/U.S. government funding profile. Both companies are positioned as near-term domestic antimony suppliers.
• Mandalay Resources Corporation: Operates the Costerfield gold-antimony mine in Australia - the most operationally comparable peer with active gold + antimony production, validating the dual-commodity economics Nova is targeting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/novaminerals
• YouTubeyoutube.com/channel/UCM-ohDegK409MX0K1_2t1oQ
• LinkedInlinkedin.com/company/nova-minerals-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nova Minerals Corp