Nova Minerals Advances Antimony Production at Estelle Project
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Nova Minerals Making Strides in Antimony Production
Anchorage, Alaska – Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is excited to share recent developments on its Antimony-Gold prospects at the Estelle Gold-Antimony Project.
Key Highlights on Antimony Collection
Nova has achieved significant progress recently by collecting impressive bulk samples aimed at metallurgical test work. A total of:
- 2,500kg of antimony-rich material from Stibium.
- 500kg from Styx.
These samples are vital as they will undergo rigorous testing to refine process flow sheets and plant designs to quickly establish a stand-alone antimony production setup. Furthermore, other antimony sample analyses have been dispatched to ALS laboratories, with encouraging results anticipated shortly.
Antimony Production Proposal
The Company has taken strategic steps by submitting a proposal to the US Department of Defense (DoD) for potential grant funding aimed at accelerating the Estelle antimony production process. This initiative aligns with national efforts to secure domestic production of critical minerals essential for various industries.
CEO Insights on Antimony Developments
Nova's Chief Executive Officer, Mr. Christopher Gerteisen, emphasized, “The initial results of our antimony discovery at Stibium were promising. With our ongoing efforts, we confidently validate the widespread presence of significant antimony across various prospects, including Stibium and Styx. The recent geopolitical developments concerning China’s export regulations enhance our opportunity to take swift action to supply antimony to the domestic market.”
Ongoing Sample Collection Efforts
The excavation of extensive surface samples continues, with a drilling program anticipated to follow up on previously reported findings. Notably, one segment revealed an impressive 60.5% antimony and 12.7 g/t gold through a 2m massive stibnite vein zone, which extends 30m in strike length.
Collaborative Efforts and Future Testing
Collaborations with METS Engineering and the University of Alaska-Fairbanks are set to enhance Nova's capabilities as they work on the metallurgical studies required for plant design. With numerous samples already submitted for analysis, the Company is eager for timely results to proceed with its production plans.
About Nova Minerals Limited
Nova Minerals Limited is at the forefront of exploration and development in Gold, Antimony, and Critical Minerals. The Company is focused on advancing the Estelle Project, encompassing 514 km² of mining claims in Alaska, rich with advanced gold and antimony prospects. This impressive territory is part of the globally recognized Tintina Gold Belt, a region noted for its vast mineral wealth.
With the prospect of multi-million ounce resources already established and additional drill-ready antimony prospects in the pipeline, Nova is well-positioned for future growth. Further insights into the Estelle Gold Project and its developments can be found on the Company’s website.
Frequently Asked Questions
What is Nova Minerals focused on currently?
Nova Minerals is primarily focused on antimony-gold production and advancing its Estelle Project in Alaska.
What significant samples were collected recently?
Recently, Nova collected 2,500kg from Stibium and 500kg from Styx, aimed at metallurgical testing.
Who is supervising the scientific information in the report?
Christopher Gerteisen, the CEO and a registered geologist, supervises and reviews the scientific data related to the project.
How does Nova plan to fund its endeavors?
Nova has submitted a proposal to the US Department of Defense for potential grant funding to expedite antimony production.
Why is antimony production important to Nova?
Antimony production is crucial as it positions Nova strategically to meet the growing US demand for critical minerals, especially amid international supply challenges.
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