Core Viewpoint - Nova Minerals Limited has commenced its 2025 drilling program at the high-grade RPM deposit, with initial geological observations showing promising results and expectations for assay results in the coming months [1][3][4]. Group 1: Drilling Program Details - The drilling program includes two diamond drill rigs and one reverse circulation (RC) rig operating continuously during daylight hours in Alaska [1]. - Initial drillholes in the RPM Valley zone have shown promising sulfide mineralization and quartz veining, extending the understanding of the mineralized intrusive body further north [3][5]. - The RC drilling program has effectively penetrated glacial till, confirming the presence of mineralized valley-fill material with an average of over 1g/t gold across surface samples, extending approximately 1.7 kilometers with an estimated thickness of nearly 40 meters [4][5]. Group 2: Resource Expansion and Exploration - The diamond drilling at RPM North is focused on testing extensions to the east and west to connect with the RPM Valley zone, while an additional rig targets resource expansion [5]. - Initial closed spaced RC drilling in the Korbel starter pit area has been completed, with samples to be sent for analysis shortly [5]. - Further exploration activities, including mapping, sampling, environmental studies, and access road projects, are ongoing as part of the Pre-Feasibility Study (PFS) [5]. Group 3: Project Overview - Nova Minerals Limited is focused on advancing the Estelle Project, which encompasses 514 km of mining claims in Alaska, containing multiple mining complexes and over 20 advanced gold and antimony prospects [11][13]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment exceeding 220 million ounces [11][13].

Core Viewpoint - Nova Minerals Limited has filed a registration statement for a secondary public offering of its American Depositary Shares (ADSs) to advance its Estelle Project in Alaska, focusing on gold, antimony, and critical minerals [1][2]. Group 1: Offering Details - The offering will consist of ADSs, each representing 60 ordinary shares, with an assumed price of US$12.56 per ADS based on the Nasdaq sale price on June 30, 2025 [2]. - The final number of ADSs and the public offering price have not yet been determined, and the offering is subject to market conditions [2]. - The offering will be conducted under ASX listing rules 7.1 and 7.1A [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for resource and exploration field programs, including additional drilling, feasibility studies, and general working capital [3]. Group 3: Company Overview - Nova Minerals Limited is focused on the Estelle Project, which includes 514 km of mining claims in Alaska, featuring multiple mining complexes and over 20 advanced gold and antimony prospects [7]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment exceeding 220 million ounces and hosting major gold mines [7].

Core Viewpoint - NuVista Energy Ltd. has revised its annual production guidance to approximately 83,000 Boe/d due to delays in commissioning the Pipestone Gas Plant and additional work during the Wapiti Turnaround, impacting production volumes by about 3,500 Boe/d and 6,000 Boe/d respectively [1][11]. Production Guidance - The revised annual production guidance for 2025 is approximately 83,000 Boe/d, down from the original estimate of 90,000 Boe/d [11]. - The second quarter production estimate is approximately 73,500 Boe/d, compared to the original guidance of 75,000 – 77,000 Boe/d [11]. - Production in the second quarter averaged approximately 73,500 Boe/d, while the company expects to exceed 100,000 Boe/d in the fourth quarter due to 43 new wells coming online [3][5]. Operational Updates - The Wapiti Turnaround, which occurs every four years, has revealed additional work necessary for major life extension and improved reliability of the plant [2]. - The company has achieved a record production of just under 90,000 Boe/d in the first quarter of 2025 [5]. Financial Strategy - NuVista is committed to its shareholder return strategy, with plans to generate approximately $150 million in free adjusted funds flow in the second half of 2025, primarily directed towards a share repurchase program [4]. - The company aims to maintain debt levels below a soft ceiling of $350 million, allowing flexibility in capital plans [4][18]. Market Position - NuVista focuses on the condensate-rich Montney formation in Alberta, which has significant potential for shareholder value due to high-value condensate volumes associated with natural gas production [6].

Core Viewpoint - Nova Minerals Limited has appointed Mr. Chaim (Dovi) Berger as an Independent Non-Executive Director effective July 1, 2025, enhancing its governance and expertise in finance and legal matters [1][2]. Company Overview - Nova Minerals Limited is focused on the exploration and development of Gold, Antimony, and Critical Minerals, particularly advancing the Estelle Project, which includes 514 km of mining claims in Alaska [4]. - The Estelle Project features multiple mining complexes along a 35 km mineralized corridor with over 20 advanced Gold and Antimony prospects, including two defined multi-million ounce resources [4]. - The project is located 150 km northwest of Anchorage, Alaska, in the Tintina Gold Belt, which has a documented gold endowment exceeding 220 million ounces [4]. Mr. Berger's Background - Mr. Berger has over 10 years of experience in structuring and closing complex transactions, with a background in corporate law, accounting, taxation, and M&A [2]. - He has a proven track record in executing strategic acquisitions and ensuring regulatory compliance while leading cross-functional teams [2]. - Mr. Berger will serve on the Audit & Risk Committee and the Remuneration & Nomination Committee [3].

Core Viewpoint - NuVista Energy Ltd. has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid (2025 NCIB), allowing the company to repurchase up to 16,398,617 common shares over the next year [1][2]. Group 1: Share Repurchase Details - The 2025 NCIB will be effective from June 23, 2025, until June 22, 2026, or until completed or terminated earlier by NuVista [2]. - The maximum number of shares to be repurchased represents 10% of the public float as of June 12, 2025, with a daily maximum purchase limit of 195,945 shares [4]. - NuVista has established an automatic share purchase plan (ASPP) to facilitate share repurchases during self-imposed blackout periods [5]. Group 2: Financial Commitments and Strategy - NuVista has already met its minimum share repurchase target of $100 million for the year, indicating a commitment to disciplined growth and returning capital to shareholders [3]. - For the remainder of the year, at least 75% of incremental free adjusted funds flow will be allocated to additional share buybacks [3]. - The previous normal course issuer bid (2024 NCIB) allowed for the repurchase of up to 14,234,451 shares, with 11,234,200 shares repurchased at a weighted average price of $12.76 [6]. Group 3: Company Overview - NuVista is engaged in the exploration, development, and production of oil and natural gas reserves in Alberta, focusing on the condensate-rich Montney formation [8]. - The company aims to create significant shareholder value through high-value condensate volumes associated with its natural gas production [8].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Nova Minerals Limited has commenced drilling at its Stibium prospect, targeting gold and antimony mineralization, marking a significant milestone in its exploration efforts [1][4][6]. Drilling Program - The 2025 drilling program includes a maiden 3,000m diamond drill program at the Stibium prospect, which is strategically located near the Whiskey Bravo camp and the Korbel gold deposit [6]. - The first drill hole aims to test a high-grade gold-antimony zone identified through extensive surface sampling [6]. - A second diamond drill rig and a reverse circulation (RC) rig are scheduled to begin drilling later in June [1][6]. Surface Sampling Results - Surface sampling has revealed a significant mineralized footprint of approximately 800 meters long and 400 meters wide, with notable results including: - 12 rock samples exceeding 30% antimony (Sb), with a maximum of 60.5% Sb - 10 soil samples exceeding 0.1% Sb, with a maximum of 2.8% Sb - 16 rock samples exceeding 5 g/t gold (Au), with a maximum of 141 g/t Au - 35 soil samples exceeding 1 g/t Au, with a maximum of 25.6 g/t Au [6]. Funding and Strategic Partnerships - The company is progressing its application for U.S. Department of Defense funding to expedite the transition from mining to refining of antimony [2][4]. - If successful, the funding will enable the addition of more diamond drill rigs and the development of a metallurgical processing hub at Port Mackenzie, Alaska [6]. - The company is also engaging with potential antimony off-take partners and plans to employ a leading antimony refining expert [6]. Company Overview - Nova Minerals Limited focuses on the exploration and development of gold, antimony, and critical minerals, particularly through its Estelle Project, which encompasses 514 km of mining claims in Alaska [14]. - The Estelle Project contains multiple mining complexes and is located in the Tintina Gold Belt, known for its significant gold and antimony deposits [14].

Core Viewpoint - Nova Minerals Limited is preparing for a significant 2025 field season at its Estelle Project in Alaska, with a 15,000-meter drilling program aimed at advancing key gold and antimony deposits towards feasibility and permitting [3][4]. 2025 Field Program Preparations - Preparations for the field season include clearing the Whiskey Bravo airstrip, transporting fuel and supplies, and mobilizing drill teams and equipment [4][5]. - The drilling program will utilize two diamond drill rigs and a reverse circulation (RC) rig, with operations expected to run continuously during the Alaskan summer [8]. - Initial drilling will focus on RPM, Stibium, and Korbel deposits, with a comprehensive surface sampling program planned across the broader Estelle project area [6][23]. Drilling Focus Areas - Approximately 10,000 meters of drilling is planned at RPM, targeting resource definition and exploration drilling to expand the deposit [11][13]. - At Stibium, around 3,000 meters of drilling will aim to establish a maiden mineral resource estimate for both gold and antimony, with significant surface sampling results reported [17][19]. - Korbel will see approximately 2,000 meters of drilling, focusing on evaluating a potential higher-grade starter pit [21]. Economic Context - The company highlights the strategic significance of its assets, with gold and antimony prices near historic highs, which could enhance the economic return of the Estelle Project [3][5]. - Nova is pursuing potential U.S. Department of Defense funding to accelerate the establishment of a mineral resource estimate and production capabilities at Estelle [6][25]. Feasibility and Environmental Studies - Alongside drilling, Nova is advancing its metallurgical, environmental, and process engineering test work to support the ongoing feasibility study and streamline the permitting process [25]. Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, with the Estelle Project comprising over 514 km of mining claims in the Tintina Gold Belt, known for its significant gold and antimony resources [31].

Core Points - NuVista Energy Ltd. held its annual meeting on May 9, 2025, where several key resolutions were approved [1] Group 1: Board of Directors - The number of directors was fixed at eight, with 79.58% of votes in favor [2] - Eight nominees were elected as directors, with the following vote percentages: - Pentti O. Karkkainen: 79.19% - Ronald J. Eckhardt: 79.03% - K. L. (Kate) Holzhauser: 77.04% - Michael J. Lawford: 79.34% - Mary Ellen Lutey: 79.50% - Deborah S. Stein: 78.72% - Jonathan A. Wright: 76.07% - Grant A. Zawalsky: 72.95% [3] Group 2: Appointment of Auditors - KPMG LLP was appointed as auditors with 96.50% of votes in favor [4] Group 3: Executive Compensation - NuVista's approach to executive compensation was approved with 79.22% of votes in favor [5] Group 4: Company Overview - NuVista is an independent Canadian oil and natural gas exploration, development, and production corporation, trading on the Toronto Stock Exchange under the symbol "NVA" [6] - The company focuses on the exploration and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin, particularly in the condensate-rich Montney formation [7]

Core Viewpoint - NuVista Energy Ltd. reported strong financial and operational results for Q1 2025, achieving record production levels and reaffirming its annual capital and production guidance while enhancing shareholder returns through share repurchases and a renewed credit facility [1][6]. Financial Highlights - Achieved highest-ever quarterly average production of 89,516 Boe/d, exceeding guidance of 87,000 – 88,000 Boe/d, and representing a 12% increase from Q1 2024 [3][16]. - Generated adjusted funds flow of $191.9 million ($0.94/share), a 42% increase compared to Q1 2024 [3][16]. - Net earnings reached $112.2 million ($0.55/share), reflecting a 214% increase from Q1 2024 [3][16]. - Total revenues from petroleum and natural gas were $371.4 million, a 20% increase from $309.0 million in Q1 2024 [16]. Operational Highlights - Executed a net capital expenditure program of $153.4 million, resulting in the drilling and completion of 9 and 24 wells, respectively [3][16]. - Maintained a strong operating netback at $28.41/Boe and a corporate netback at $23.84/Boe, increases of 30% and 28% compared to Q1 2024 [3][16]. - Sustained production above 90,000 Boe/d for March 2025, indicating strong operational capability [10]. Shareholder Returns - Repurchased and cancelled 3.6 million common shares at an average price of $12.86 per share, totaling $45.8 million [3][16]. - The company plans to allocate a minimum of $100 million in 2025 for share repurchases under its normal course issuer bid (NCIB) [5][6]. Financial Position - Strengthened financial position through the amendment and renewal of a three-year covenant-based credit facility, increasing its size to $550 million and extending maturity to May 8, 2028 [9][8]. - Exited Q1 2025 with $2.7 million in available cash and net debt of $267.6 million, maintaining a favorable net debt to annualized adjusted funds flow ratio of 0.3x [8][9]. Production Guidance - Reaffirmed annual production guidance of approximately 90,000 Boe/d, with Q2 2025 production guidance set at 75,000 – 77,000 Boe/d due to planned turnaround operations [13][14]. - Anticipated production growth from the Pipestone area with the commissioning of a third-party gas plant expected late in Q2 2025 [13][14].