Key outcomes of Nova Minerals Limited's strategic review

Nova Minerals Limited (ASX: $NVA) has announced the key outcomes from the strategic review on its 513km2 flagship Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska. The review has identified a number of material opportunities, including heap leach processing, optimized ore sorting, and Critical Minerals (CM) extraction, with the aim to significantly improve the project economics.

Executive commentary on strategic review outcomes

Nova CEO, Mr Christopher Gerteisen, commented: 'The Strategic review has been a major success and put us on a clear path to production. We will now look to grow on the success achieved by completing these critical path studies, exploration upside, and advancing the project through 2024 and beyond. Estelle is a major mineralized trend with abundant gold and critical minerals and we are on track towards development with the support and assistance from our partners in government and academia. We see decades of potential once production commences. Our mission is to grow and secure US domestic supply of gold and critical minerals. We will keep our shareholders updated on progress including the results of material studies as we move forward.'

Summary of strategic review outcomes and outlook

The strategic review of Nova Minerals Limited's Estelle Gold Project has unveiled significant opportunities for improving project economics. The identified opportunities include heap leach processing, optimized ore sorting, and extraction of Critical Minerals (CM). These initiatives aim to lower initial capital costs, increase gold recovery, and maximize the value of each ton through the plant. The company's CEO, Mr Christopher Gerteisen, expressed confidence in the project's development and emphasized the potential to secure US domestic supply of gold and critical minerals. With ongoing critical path studies and exploration activities, Nova Minerals is poised to advance the project through 2024 and beyond, with a clear focus on achieving production and long-term growth.