Stibium Gold-Antimony Resource Drill Targets Identified On Estelle Gold & Critical Minerals Project

ANCHORAGE, AK - Nova Minerals Limited reported on results for gold and antimony from soil samples collected at the Stibium prospect have now been received and have identified high-grade resource targets within the previously identified 800m long by 400m wide zone at Stibium within the Company’s over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska.

New drill-ready broad structurally controlled gold and antimony zones identified at Stibium through systematic ground exploration. Submission completed of US grant applications for antimony and critical minerals development progressing. The assay results for soil and rock chip samples taken as part of the 2024 follow-up reconnaissance mapping and sampling program have now proven the Stibium prospect is an extensive gold and antimony rich zone with grades up to 141 g/t Au and 60.5% Sb. There has been 180 soil samples collected to delineate the mineralized zone. 35 soil samples greater than 1 g/t Au with a high of 25.6 g/t Au. 10 soil samples greater than 0.1% Sb with a high of 2.8% Sb. For soil samples, grades > 1 g/t Au and > 0.1% Sb are considered high-grade.

The Stibium gold-antimony occurrence is hosted in quartz diorite intrusive rocks and hornfels sedimentary rock over an approximately 800m long by 400m wide zone, and remains open. Results incoming on the remainder of the 2024 sampling, including further regional exploration from the broader RPM and Stoney areas.

Head of Exploration, Hans Hoffman, said, “With the final soil results received we can clearly see from the heat map the extent of this impressive gold and antimony anomaly. The main ridge at Stibium offers great access to the north and the south where we intend to drill the identified high-grade stibnite veins, gold-bearing quartz veins, and the mineralized hydrothermal breccia. The ridge will provide for easy startup in 2025 requiring minimal drill pad construction and easier access to water due to its lower altitude than other Estelle prospects.”