Just the Facts: Nova Minerals unveils high-grade antimony zone at Stibium Prospect [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA).

The company has identified a significant antimony-rich zone at the Stibium prospect within its Estelle Gold and Critical Minerals Project in Alaska. Reconnaissance rock chip samples recorded antimony grades as high as 56.7%, with 11 samples exceeding 30% antimony. The mineralised zone spans 800 by 400 metres and remains open for further exploration.

Antimony is a critical mineral with applications in defence and advanced technologies, including night vision, explosives, and nuclear weapons. Due to China’s export restrictions on antimony, Nova is engaging with the US Department of Defense and seeking grant funding to expedite project development. The company is also a member of the Defense Industrial Base Consortium to enhance government-industry collaboration.

The Stibium prospect has been prioritised as a high-grade, drill-ready target. Nova anticipates results from 2024 gold exploration, with prior gold grades reaching up to 12.7 g/t. The Estelle Project also includes the RPM gold deposit and the Korbel bulk tonnage deposit.

Key sampling highlights include 56.7%, 55.7%, and 54.8% antimony. The company has made significant progress in its grant funding applications to further its resource development efforts.

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