Nova Minerals (ASX: $NVA) March 2024 Market Update

Nova Minerals Ltd (ASX: $NVA) presents the March 2024 Market Update, highlighting the progress of the Estelle Gold Project in Alaska. The company, with ASX code NVA, has reported significant mineral resources including gold, copper, and silver, with a focus on developing North America's next major mineral trend in Alaska.

Executive Commentary on Estelle Gold Project

The company's strategic review has identified material opportunities that could significantly improve the project economics. With only 5% of the tenement block explored to date, there is significant potential for further discoveries. The ongoing PFS level studies and test work, including heap leaching and ore sorting, are expected to further improve the project's economics and de-risk the operation. The company is also exploring the potential of antimony and other critical minerals, aiming to secure the US supply chain and capitalize on the growing global antimony market.

Summary of Estelle Gold Project

Nova Minerals (ASX: $NVA) is making significant progress with the Estelle Gold Project in Alaska, aiming to develop North America's next major mineral trend. The company has identified material opportunities to improve project economics and is focused on further exploration to capitalize on the district-scale project. Ongoing PFS level studies and test work, including heap leaching and ore sorting, are expected to de-risk the operation and improve economics. Additionally, the company is exploring the potential of antimony and other critical minerals to secure the US supply chain and benefit from the growing global antimony market.