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3D Resources Limited ( (AU:ADG) ) has provided an announcement.
Nova Minerals Limited has announced a strategic investment in Adelong Gold Limited, acquiring a 9.4% stake. This move aligns with Nova’s strategy to partner with high-growth resource companies. The investment will not affect Nova’s ongoing development at its Estelle Project, which remains its primary focus. The investment in Adelong Gold offers potential growth through near-term gold production and exploration prospects, particularly at the Apollo and Lauriston sites. Nova’s CEO highlighted Adelong’s potential for significant value generation, supported by Nova’s capital and strategic backing.
More about 3D Resources Limited
Nova Minerals Limited is a Gold, Antimony, and Critical Minerals exploration and development company focused on advancing the Estelle Project in Alaska. The project spans 514 km² of mining claims and contains multiple mining complexes, including two multi-million-ounce resources and several drill-ready Antimony prospects. The company operates in the Tintina Gold Belt, known for its significant gold endowment and large gold mines.
Current Market Cap: A$11.58M
See more insights into ADG stock on TipRanks’ Stock Analysis page.