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The latest update is out from Nova Minerals ( (AU:NVA) ).
Nova Minerals has confirmed the potential for a higher-grade starter pit within the Korbel Main Deposit at its Estelle Project in Alaska, following a 14-hole shallow reverse circulation drilling program that outlined a near-surface higher-grade core within the existing 6.64 million-ounce bulk-tonnage resource. The new results, showing intercepts up to 1.2 g/t gold and supporting a possible 250m by 80m by 20m pilot pit, are expected to enhance resource confidence, enable larger-scale testing of ore sorting—where earlier work upgraded 0.4 g/t material to over 6 g/t—and materially contribute to project economics for the combined 8.65 million-ounce Korbel resource in the ongoing pre-feasibility study, potentially lowering processing costs and supporting Nova’s progression toward production.
The most recent analyst rating on (AU:NVA) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
More about Nova Minerals
Nova Minerals Limited is a gold and critical minerals exploration and development company listed on the ASX and NASDAQ, focused on its flagship Estelle Gold and Critical Minerals Project in Alaska’s prolific Tintina Gold Belt. The company’s key assets include the large bulk-tonnage Korbel Gold Deposit, comprising the Korbel Main and Cathedral deposits, which together host a multi-million-ounce gold resource targeted for potential large-scale, low-grade open-pit mining and beneficiation, including ore sorting technologies.
Average Trading Volume: 2,356,385
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$514.3M
See more insights into NVA stock on TipRanks’ Stock Analysis page.