Nova Minerals Launches $60M Alaska Exploration Push to Advance Gold and Antimony Projects — Nova Minerals Limited

Event summary

Nova Minerals has commenced its 2026 field season at the Estelle Project in Alaska, with a fully funded $60M exploration and development program.
The campaign includes up to 10,000 meters of drilling focused on gold resource expansion and antimony development.
Pilot-scale antimony production remains on track for late 2026 to early 2027, with military-grade antimony trisulfide samples nearing completion.
Critical mining and processing equipment has been delivered to site, with additional refinery equipment expected in the coming months.
The project is supported by a $43.4M U.S. Department of War award, positioning Nova to establish a domestic antimony supply chain.

The big picture

Nova Minerals' fully funded exploration and development program at the Estelle Project represents a significant step in advancing both its gold and antimony assets. The project is strategically important as it aims to establish a domestic U.S. supply chain for antimony, a critical mineral with military applications. The scale of the drilling campaign and the support from the U.S. Department of War highlight the project's potential to contribute to national security and economic development in Alaska's prolific Tintina Gold Belt.

What we're watching

Resource Expansion: Whether Nova can successfully expand the gold resource at RPM and delineate additional antimony prospects through its extensive drilling program.
Production Timeline: The pace at which Nova advances toward pilot-scale antimony production and whether it meets its late 2026 to early 2027 target.
Regulatory Permitting: How Nova progresses with permitting activities and environmental assessments to support future mine development.