Nova Minerals Limited (NVA) Shares Encouraging Findings From Styx Antimony Ore Sorting Test Work Program

Nova Minerals Limited (NASDAQ:NVA) is among the 12 Best Australian Stocks to Buy Right Now. On August 7, the company shared findings from the Styx antimony ore sorting test work program, showing that an upgraded, saleable antimony ore concentrate can be produced onsite for further processing.

Nova Minerals Limited (NVA) Shares Encouraging Findings From Styx Antimony Ore Sorting Test Work Program

A close-up of a large, metallic machine processing ore and minerals in a mine.

The firm shared a conceptual flowsheet, demonstrating a clear path for onsite recovery and upgrading of antimony ore using ore sorting. The 500kg bulk ore sorting test work on the Styx sample also delivered encouraging results, from a single pass yielding a high antimony recovery of 60.3% in 26.1% of the mass. The grade was at 35.2% Sb, improving 2.3 times from the feed grade of 15.2% Sb.

Nova Minerals Limited (NASDAQ:NVA) also highlighted that test works revealed a gold recovery of 52.5%, upgrading the grade to 2.99 g/t Au from 1.90 g/t Au. This is a 57.4% increase, reflecting potential for synergy between antimony and gold processing circuits at the Estelle Project.

Moreover, with Western defense supply chains under pressure due to the current geopolitical situation, Nova Minerals Limited (NASDAQ:NVA)’s CEO, Christopher Gerteisen, believes discoveries at the Estelle Project could offer a potential strategic solution to the United States.

“In the current geopolitical environment, where Western defense supply chains are under immense pressure, we believe our Estelle Project stands out as a truly strategic asset. 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. We are proud to lead the charge in re-establishing domestic production of this defense-essential mineral, and today’s results mark another key step toward potentially delivering a secure, U.S.-based supply chain — right here in Alaska.”

Nova Minerals Limited (NASDAQ:NVA) is a gold, antimony, and critical minerals exploration and development company.

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Disclosure: None.