Nova Minerals Achieves Antimony Ore Sorting Breakthrough at Estelle

Antimony Ore Sorting Breakthrough Positions Nova Minerals for U.S. Strategic Supply Chain

Nova Minerals (ASX: NVA, NASDAQ: NVA) has announced impressive ore sorting test results from its Estelle Project in Alaska, demonstrating the ability to produce a premium antimony concentrate that could position the company as a strategic domestic supplier to U.S. defense and industrial markets.

High-Grade Antimony Concentrate Achieved with Significant Upgrade

Test work conducted on a 500kg bulk sample from the Styx antimony prospect has delivered exceptional results, achieving a 132% grade upgrade in a single pass through ore sorting technology. The process yielded a high-quality product containing 49.1% antimony trisulfide (Sb₂S₃) while recovering 60.3% of the contained antimony in just 26.1% of the original mass.

This breakthrough demonstrates the effectiveness of X-ray transmission (XRT) ore sorting for processing Nova's antimony mineralization, potentially enabling a low-cost, scalable on-site processing solution.

Key results from the ore sorting test work:

"These ore sorting results from our Styx prospect represent a significant breakthrough in the advancement of Estelle's critical minerals strategy. Achieving a 132% upgrade to produce a 49.1% antimony trisulfide concentrate from a single pass demonstrates Estelle's high-grade antimony is amenable to low-cost, scalable, on-site processing," said Nova Minerals CEO, Christopher Gerteisen.

Dual-Commodity Opportunity: Gold Enhancement in Tailings

A particularly exciting finding from the test work is that gold is beneficially rejected to the antimony ore sorting tailings. The process demonstrated gold recovery of 52.5% in the tailings fraction, with the gold grade increasing from 1.90 g/t Au in the feed to 2.99 g/t Au in the tailings – a 57.4% upgrade.

This creates significant potential synergies between antimony and gold processing circuits at the Estelle Project, effectively positioning Styx as both an antimony producer and a potential satellite mine to feed Nova's planned RPM gold processing facility.

Simplified Processing Flowsheet Offers Path to Production

Based on these positive results, Nova has developed a conceptual flowsheet that outlines a clear path for onsite recovery and upgrading of antimony ore. The approach enables a low-CAPEX processing solution with ore sorters installed at the mine site and high-grade antimony concentrate potentially shipped off-site for downstream processing.

This strategy could allow Nova to:

1. Produce premium-grade antimony concentrate potentially suitable for direct shipping ore (DSO)
2. Generate early cash flow while downstream processing facilities are being completed
3. Stockpile lower-grade sorted material for future processing
4. Utilize tailings from ore sorting as high-grade gold concentrate for the Estelle RPM plant

Antimony: A Critical Mineral for U.S. National Security

Antimony's strategic importance has intensified amid geopolitical tensions and China's export restrictions on critical minerals. As an essential material in munitions, electronics, and other defense applications, securing domestic supply has become a national security priority for the United States.

Nova's Estelle Project has emerged as a potential solution, delivering high-grade antimony results from surface samples at numerous prospects across the project area. Surface assays from the Styx and Stibium prospects have returned exceptional grades of up to 56.7% Sb, far surpassing the typical commercial range of 2-4% Sb.

What Is Antimony and Why Does It Matter?

Antimony is a silvery-white, brittle semi-metallic element that is primarily used in the form of antimony trisulfide (Sb₂S₃) for various industrial and defense applications. While relatively unknown to many investors, antimony has been classified as a critical mineral by the U.S. government due to its essential uses and limited domestic supply.

Key applications include:

• Flame retardants for textiles, plastics, and electronics
• Lead-acid batteries for vehicles and energy storage
• Military applications including ammunition primers and infrared detection devices
• Semiconductors and electronic components
• Catalyst materials for chemical manufacturing

The United States currently has no domestic antimony production, with China controlling approximately 53% of global supply, followed by Russia and Tajikistan. This concentration of production in geopolitically sensitive regions has created significant supply chain vulnerabilities for Western defense manufacturers.

Accelerating Development Through U.S. Defense Partnerships

Nova is pursuing multiple avenues to fast-track development of its antimony assets, including:

• Joining the Defense Industrial Base Consortium
• Advancing U.S. Department of Defense grant applications
• Exploring options to establish a domestic supply chain for antimony in Alaska

"With Styx and Stibium now confirmed as high-grade, near-term development prospects, and U.S. government engagement well underway through our DIBC membership and DoD grant applications, Nova is fast-tracking a solution to the critical antimony supply gap," noted Gerteisen.

Investment Thesis: Strategic Value Beyond the Numbers

Nova Minerals presents a compelling investment case that extends beyond traditional resource metrics. The company offers exposure to both precious metals and critical minerals through its Estelle Project, which contains:

1. Multi-metal potential – Advanced gold resources plus high-grade antimony prospects
2. Strategic national importance – Positioning as a potential domestic U.S. supplier of a defense-critical mineral
3. Processing advantages – Demonstrated ability to produce high-grade antimony concentrate with simple technology
4. Dual revenue streams – Potential for both antimony sales and gold production
5. Government support potential – Eligibility for defense-related funding and expedited permitting

The successful ore sorting results represent a significant de-risking event, demonstrating that Nova can produce a saleable antimony product using conventional, proven technology with minimal processing requirements.

Why Investors Should Follow Nova Minerals

Nova Minerals is rapidly positioning itself at the intersection of two powerful investment themes: precious metals and critical minerals. With its Estelle Project in Alaska, the company offers:

1. Critical minerals exposure – High-grade antimony that can be efficiently upgraded to a premium product
2. Gold upside – Established multi-million-ounce gold resources at RPM and Korbel
3. Strategic importance – Potential to address critical U.S. national security supply gaps
4. Location advantage – Operating in Alaska, a Tier-1 mining jurisdiction with strong support for resource development
5. Near-term catalysts – Ongoing test work on Stibium samples, metallurgical optimization, and potential DoD grant approvals

As global supply chains remain under pressure and demand for critical minerals increases, Nova's combination of high-grade antimony assets, gold resources, and strategic location position the company to potentially deliver significant shareholder value while addressing critical national security concerns.

Ready to Invest in the Future of Critical Minerals and Gold?

For investors seeking exposure to both precious metals and critical minerals with significant strategic value, Nova Minerals presents a compelling opportunity. Discover how their breakthrough antimony ore sorting results at the Estelle Project could position them as a key player in the U.S. strategic supply chain. Visit Nova Minerals' website today to learn more about their dual-commodity strategy and upcoming catalysts that could deliver substantial shareholder value.