Nova Minerals Advances Estelle Gold Project Amidst Antimony Export Controls

Nova Minerals Limited has reported progress on its Estelle Gold Project in Alaska, with drilling and exploration activities advancing at both the RPM gold prospect and the Stibium antimony prospect. The company aims to establish a scalable operation to achieve production quickly, especially in light of China's recent export restrictions on antimony, which could create a supply gap for critical minerals used in military applications. As China accounted for nearly half of the global antimony production in 2023, these restrictions may disrupt supply chains for materials essential to defense. Nova is actively working on resource definition drilling, having completed 11 holes at RPM, and is also following up on a high-grade antimony vein at Stibium. The U.S. Department of Defense may support the fast-tracking of the Stibium development, emphasizing the strategic importance of antimony. The company anticipates significant catalysts in the near future, as gold prices reach record highs, further enhancing the project's viability.