Core Viewpoint - Nova Minerals Limited has announced high-grade assay results for gold and antimony from soil samples at the Stibium prospect, indicating significant resource targets within an 800m by 400m zone in the Estelle Gold and Critical Minerals Project in Alaska [1][5]. Group 1: Exploration Results - New drill-ready gold and antimony zones have been identified at Stibium through systematic ground exploration [2]. - Soil samples collected revealed grades up to 141 g/t Au and 60.5% Sb, with 180 soil samples delineating the mineralized zone [2][6]. - The Stibium occurrence is hosted in quartz diorite intrusive rocks and hornfels sedimentary rock, remaining open for further exploration [5][13]. Group 2: Sampling and Assay Data - A total of 511 soil samples and 225 rock samples were collected during the 2024 exploration season, with significant results reported [4]. - Notable assay results include 35 soil samples greater than 1 g/t Au, with a high of 25.6 g/t Au, and 10 soil samples greater than 0.1% Sb, with a high of 2.8% Sb [2][13]. - Rock sampling results for gold include grades of 141.0 g/t Au and several other significant values, while antimony results show grades up to 60.5% Sb [2][6]. Group 3: Future Plans and Strategic Importance - The company plans to commence resource drilling at Stibium in 2025, with a focus on high-grade stibnite veins and gold-bearing quartz veins [3][5]. - Nova is seeking U.S. government grant funding to advance antimony production, highlighting the strategic importance of antimony as a critical mineral for U.S. economic and national security [5][21]. - The Estelle Gold and Critical Minerals Project is positioned in a prolific mining region, with significant gold and antimony prospects identified [21].

Caufield, Australia, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to advise that the Company has reached an agreement with Nebari Gold Fund 1, LLP (Nebari) for the elimination of its existing convertible debt-facility (Nebari Note), by way of Nebari’s conversion of the full outstanding balance of the Nebari Note into the Company’s ordinary shares (Ordinary Shares). The elimination of the Nebari Note comes shortly after the ...

Core Viewpoint - NuVista Energy Ltd. has temporarily curtailed production in the greater Wapiti area due to unscheduled maintenance at a third-party gas plant, leading to a revision of its fourth quarter production guidance [1] Group 1: Production Impact - Prior to the maintenance, NuVista's production was in line with fourth quarter guidance, averaging over 90,000 Boe/d in both October and November [1] - The revised fourth quarter guidance is now set at 83,000 - 84,000 Boe/d, down from the previous range of 89,000 - 91,000 Boe/d, indicating a potential shortfall below the full-year range of 83,500 - 86,000 Boe/d [1] - The facility is currently being restarted, with expectations to bring corporate production levels back above 90,000 Boe/d by the end of 2024 [1] Group 2: 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 in the Pipestone and Wapiti areas [2] - The Montney formation has significant potential to create shareholder value due to high-value condensate volumes associated with natural gas production [2] - NuVista's common shares trade on the TSX under the symbol NVA [2]

About this content About Meagan Evans With almost two decades experience in financial markets, across Australian and international equities, fixed income and commercial property funds, Meagan has held various roles including editor, analyst, fund manager and communications specialist. She has spent recent years as an immersed in the ASX small-cap space, following the evolution of ASX juniors, and has an interest in the emerging impact investing space, in which social and environmental impact is prioritis ...