en.Wedoany.com Reported - Nova Minerals Corp has completed its redomiciliation to the United States and commenced the 2026 field season at its Estelle gold and critical minerals project in Alaska, with a focus on drilling operations for antimony and gold.
The company's common shares and listed warrants are now trading on NYSE American under the tickers NVA and NVAWS, respectively. Meanwhile, Chess Depository Interests continue to trade on the ASX under the code NVA.
Drilling at the Stibium antimony-gold prospect began in early June, with work starting from an existing hilltop drill pad targeting surface-exposed stibnite veins. Gold drilling commenced on June 17 from a new pad at the northern end of the main RPM Ridge, targeting a gold geochemical anomaly. Nova stated that the 2026 RPM program will continue testing new zones along the two-mile-long ridge while advancing resource definition at the RPM North and RPM Valley deposits.
Nearly 2,000 line miles of Z-Axis Tipper Electromagnetic airborne geophysical survey have been completed, covering the company's entire land package. The survey has identified numerous gold systems associated with reduced intrusive complexes across the area, with data processing and interpretation pending. Nova expects the results to improve exploration targeting, particularly in the RPM and West Wing areas. As seasonal conditions improve, field teams are also advancing prospect mapping, sampling, and generative exploration. The 2026 exploration program focuses on the Greater RPM area, West Wing, and Portage Pass.
Nova reported that approximately six miles of trail have been established from the airstrip to Stibium, with construction ongoing. Camp improvements are also underway, including material site preparation, airstrip expansion, and engineering and design planning for antimony processing and refining facility construction. CEO Christopher Gerteisen stated that the 2026 field season is accelerating, with up to four drill rigs focused on expanding gold and antimony resources. The company continues to execute the antimony project funded by the U.S. Department of Defense, with $43.4 million in financial support, and procurement of key mining and processing equipment has been completed.
Nova has also increased its investment in Amara Minerals through participation in a share placement. The placement was priced at A$0.005 per share, totaling A$500,000, and included one listed option for every two shares (exercise price A$0.008, expiring May 1, 2029). This investment gives Nova exposure to Amara's gold-antimony projects near the Fosterville and Costerfield areas in Australia, with Nova retaining a right of first refusal on antimony offtake.
Nova stated that antimony ore mining and processing plant construction remain on schedule to begin this year. The broader Estelle work program will continue targeting new discoveries and advancing exploration at more than 20 existing prospects across the project area, which spans over 200 square miles. The company describes Estelle as hosting two defined multi-million-ounce gold resources along a 35-kilometer mineralized trend within Alaska's Tintina Gold Belt.
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