Project UpdateAug 12, 2026, 06:30 AM
Nova Minerals Advances Estelle Project, Nears Antimony Production
AI Summary
Nova Minerals provided an update on its 2026 field season at the Estelle Gold and Critical Minerals Project, highlighting significant progress across multiple workstreams. Three drill rigs are operating continuously, with drilling ongoing at Styx, RPM, Stibium, and Train prospects. The company has successfully produced military-grade antimony trisulfide and metal at laboratory scale, and a detailed plan for the antimony project has been submitted for permitting. Infrastructure development is advancing, with plant equipment in transit for construction expected to commence in 2026, signaling a shift from exploration to execution.
Key Highlights
- Three diamond drill rigs are operating 24/7 at the Estelle Project.
- Over 50 tons of stibnite-rich material transported for processing at Styx.
- Drilling at RPM has identified several newly discovered mineralized intrusives.
- A detailed plan of operations for the antimony project has been submitted for review.
- Military-grade antimony trisulfide and metal successfully produced at lab scale.
- Over 40 containers of process equipment are in transit for late-August shipment.
- Stibium trail construction has progressed to mile 6, with road sub-base laid.
- A ZTEM survey has been flown across the entire 200 sq mile claim block.
Price Impact
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