Nova Minerals Outlines Estelle 15,000m Exploration and Project Advancement Plan

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].