The KE Report Nova Minerals - Government Funding To Fast Track Antimony At The Estelle Project, Alaska
Chris Gerteisen, CEO of Nova Minerals (ASX:NVA - NASDAQ:NVA - FSE:QM3), joins us to discuss the company’s recent US$43.4 million U.S. government grant to fast-track antimony trisulfide production, a key component in munitions and clean-tech manufacturing, along with ongoing exploration and development at the Estelle Gold and Critical Minerals Project in Alaska.
Key Discussion Points:
- $43.4M Government Grant: Funding supports Phase 1 antimony production and the development of an initial refinery in Alaska. Nova is already purchasing mining and processing equipment, with a target to begin production by mid-to-late next year.
- Two-Phase Development Plan:
- Phase 1 – Focused on surface extraction and smaller-scale production (hundreds of tons).
- Phase 2 – Expansion into a large-scale refinery at Port MacKenzie, scaling up to 5,000–10,000 tonnes of refined product annually.
- Phase 1 – Focused on surface extraction and smaller-scale production (hundreds of tons).
- Strategic Infrastructure: 42-acre site at Port MacKenzie, a deep-water, year-round port with road and rail access, designed as a modular hub for future critical mineral refining.
- Drilling & Resource Definition: Antimony resource drilling underway with a second rig planned. Results will feed a mine plan and internal resource model to maintain the project’s accelerated schedule.
- Gold Resource Strength: Estelle hosts a ~9.9Moz JORC resource (with ~5.2Moz SK-1300 pit-constrained at US$2,000/oz). Ongoing drilling at the RPM deposit is aimed at upgrading inferred ounces and completing an updated economic study in 2026.
- Dual Commodity Advantage: Parallel development of both gold and antimony provides diversification, strong leverage to current prices, and greater financial resilience.
- Near-Term News Flow: Antimony drill results, equipment procurement updates, processing plant construction milestones, and new gold assay results from Estelle and RPM.
Please email me with any follow up questions for Chris - Fleck@kereport.com
Click here to visit the Nova Minerals website.
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