October 23, 2025

Nova Minerals - Government Funding To Fast Track Antimony At The Estelle Project, Alaska

21 minutes

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.

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 - [email protected]

Click here to visit the Nova Minerals website.

-----

For more market commentary & interview summaries, subscribe to our Substacks:

https://kereport.substack.com/

https://excelsiorprosperity.substack.com/

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

...more

View all episodes

By KE Report

4.3

1111 ratings