Quarterly UpdatesApr 29, 2026, 06:32 AM
NVA Q1 Operational Progress; US Redomiciliation; $43.4M Antimony Funding
AI Summary
Nova Minerals reported strong operational progress for Q1 2026, including significant gold drilling results at its Estelle Project, highlighted by a record 0.5m @ 364 g/t Au intercept at RPM Valley. The company is advancing its US antimony supply chain initiative, supported by a US$43.4 million non-dilutive funding award from the U.S. Department of War, with winter road construction and equipment mobilization underway for planned production. Additionally, Nova announced its intention to redomicile to the United States to better align with its shareholder base and enhance access to US capital markets, while maintaining a strong funding position of over A$89.4 million.
Key Highlights
- Nova announced intention to redomicile to the United States.
- Secured US$43.4 million non-dilutive funding from U.S. Department of War for antimony supply chain.
- Achieved a project-record gold intercept of 0.5m @ 364 g/t Au at RPM Valley.
- RPM Valley drilling returned multiple broad intercepts above 1 g/t Au, including 65m @ 3.6 g/t Au.
- Strong corporate funding position with over A$89.4 million at quarter end.
- Shallow RC drilling at Korbel Main defined a higher-grade core zone with grades up to 1.2 g/t Au.
- Surface sampling at West Wing identified a gold-copper anomaly with highs of 15.5 g/t Au and 6.9% Cu.