Nova Minerals (AU:NVA) has released an update.
Nova Minerals Limited has renegotiated the terms of its loan agreement with Nebari Gold Fund, reducing its cash reserve requirements and extending the convertible facility, freeing up approximately A$2 million. This financial maneuver is designed to accelerate the pre-feasibility study of the RPM early start-up option, expected in 2025, and to potentially begin a starter antimony operation, with ongoing discussions with the US Department of Defense. The arrangement strengthens Nova’s financial position, enabling the development of its Estelle Project’s RPM gold deposit for future growth.
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