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Nova Minerals ( (AU:NVA) ) has issued an update.
Nova Minerals has reported new drilling results from the RPM Valley deposit within its Estelle Gold Project in Alaska, confirming the continuity of a significant gold-mineralized system and delivering the highest-grade intercept recorded at the project to date, including 0.5 metres at 364 grams per tonne gold. Closely spaced infill drilling returned multiple broad zones above 1 g/t gold that are expected to underpin a maiden Measured and Indicated Mineral Resource for RPM Valley as part of ongoing pre-feasibility study work, while additional reverse circulation drilling in glacial till indicates a substantial near-surface target area; combined with continuing metallurgical, mining and optimization studies, the results point to a strengthening project development case and potential uplift in resource confidence for stakeholders.
The most recent analyst rating on (AU:NVA) stock is a Hold with a A$0.89 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 is an Australian-listed gold exploration and development company focused on advancing its Estelle Gold Project in Alaska’s Matanuska-Susitna Borough. The company is progressing large-scale, bulk-tonnage gold deposits, with work programs aimed at defining and upgrading mineral resources to support economic studies and potential future gold production.
YTD Price Performance: 15.82%
Average Trading Volume: 3,029,132
Technical Sentiment Signal: Buy
Current Market Cap: A$416.4M
For detailed information about NVA stock, go to TipRanks’ Stock Analysis page.