Nova Powers Forward at Estelle with Strong Backing

Core Insights - Nova Minerals Limited is advancing its Estelle Gold and Critical Minerals Project in Alaska, which is recognized as one of North America's largest sources of gold and critical minerals, including antimony [1][4] - The company is gaining momentum in alignment with Executive Order 14153, which aims to enhance American mineral production, and is engaging with the Department of Defense for potential support [3][4] - The Estelle Project has defined nearly 10 million ounces of gold and has identified significant concentrations of critical minerals, positioning it as a key contributor to U.S. economic security and military readiness [5][7] Project Development - The Estelle Project is progressing towards becoming a near-term producer of gold and antimony, with strong federal, state, and local support [4][5] - Nova's recent site assessment by the Department of Defense has been positive, indicating potential for federal support similar to that received by other companies in the sector [3][5] - The project is located in the Tintina Gold Belt, which has a documented gold endowment of over 220 million ounces, and includes multiple advanced gold and antimony prospects [15] Community and Government Engagement - The Nova Minerals Board of Directors received a warm welcome from over 25 Alaskan leaders during their visit, highlighting strong local support for the project [5][7] - Meetings with Alaska's Congressional Delegation have resulted in pledges of continued support for the Estelle Project, emphasizing the importance of responsible resource development [6][7] - Local officials, including the Matanuska-Susitna Borough Mayor, expressed optimism about the economic benefits the project will bring to the region [8][9] Future Outlook - The Estelle Project is positioned to become a cornerstone of domestic mineral security, with an integrated development strategy that includes community relationships and permitting momentum [13] - Nova Minerals is actively pursuing stakeholder engagement and strategic partnerships to enhance project development and shareholder value [14][19] - The company anticipates further updates regarding potential Department of Defense grants, which could significantly accelerate project development [18][19]