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Nova Minerals
(Sydney:NVA)
Nova Minerals (NVA) vs. iShares MSCI Australia ETF (EWA)
Nova Minerals Business Overview & Revenue Model
Nova Minerals Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -7.05M | 0.00 | 47.42K | 0.00 | 0.00 |
| Gross Profit | -7.05M | -592.00K | -456.90K | -351.00K | -206.00K |
| EBITDA | -9.30M | -13.68M | -3.57M | 34.73M | -3.14M |
| Net Income | -11.02M | -16.28M | -11.48M | 34.69M | -3.13M |
Balance Sheet | |||||
| Total Assets | 112.54M | 107.25M | 122.34M | 108.33M | 56.87M |
| Cash, Cash Equivalents and Short-Term Investments | 9.08M | 3.15M | 19.24M | 21.28M | 15.52M |
| Total Debt | 0.00 | 7.06M | 6.53M | 862.37K | 862.37K |
| Total Liabilities | 2.69M | 8.86M | 8.95M | 4.00M | 4.29M |
| Stockholders Equity | 102.16M | 90.70M | 105.60M | 96.75M | 46.78M |
Cash Flow | |||||
| Free Cash Flow | -13.39M | -16.32M | -26.94M | -28.71M | -23.18M |
| Operating Cash Flow | -7.64M | -3.67M | -3.08M | -2.86M | -2.14M |
| Investing Cash Flow | 4.12M | -13.32M | -24.14M | -3.96M | -21.06M |
| Financing Cash Flow | 9.79M | 986.89K | 25.16M | 11.15M | 34.88M |
Nova Minerals Technical Analysis
Nova Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$153.39M | 9.89 | 8.79% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$320.68M | -28.21 | -20.60% | ― | ― | 7.28% | |
51 Neutral | AU$212.98M | -22.86 | -8.25% | ― | ― | -55.56% | |
46 Neutral | AU$442.47M | -25.33 | -11.04% | ― | ― | 50.26% | |
46 Neutral | AU$1.56B | -19.70 | -84.61% | ― | 149.43% | 1.20% |
Nova Minerals Corporate Events
Nova Minerals has signed a Scheme Implementation Deed with newly formed Nevada-based Nova Minerals Corp to execute a planned redomiciliation to the United States. The move is designed to address upcoming changes to its regulatory status and is not expected to alter the company’s assets, management, operations or overall strategy.
Under the proposal, the new U.S. holding company will acquire all Nova shares and listed warrants in exchange for equivalent securities, with chess depository interests to trade on the ASX and common shares and warrants expected to trade on the NYSE. The transaction is subject to court, shareholder, warrant holder and regulatory approvals, and the board intends to unanimously recommend the schemes if an independent expert deems them in the best interests of investors.
Nova will delist from the ASX and Nasdaq once the redomiciliation is completed, with the U.S. entity becoming the primary listed vehicle. The company says the shift aims to minimise conflicts between ASX listing obligations and U.S. domestic issuer requirements following the loss of its foreign private issuer status from mid-2026.
The most recent analyst rating on (AU:NVA) stock is a Sell with a A$0.71 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
Nova Minerals has reported assay results from its 2025 surface sampling program at the West Wing area of the Estelle Gold and Critical Minerals Project in Alaska, identifying a substantial gold-copper anomaly measuring roughly 1,500 metres by 800 metres. The anomaly is supported by multiple high-grade rock and soil samples for both gold and copper, building on earlier reconnaissance that had already returned strong gold grades at West Wing.
The company said the results point to a newly developing large-scale gold-copper system that may represent a different deposit style from typical Estelle mineralisation, with some samples linked to quartz feldspar porphyry rather than just hornfels adjacent to the pluton. Nova plans detailed mapping and drill targeting at West Wing as a top priority for the 2026 field season, signalling a potential expansion of its resource footprint and a meaningful addition to its project pipeline as further results from the broader 2025 program are processed and released.
The most recent analyst rating on (AU:NVA) stock is a Sell with a A$0.71 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
Nova Minerals has reported a change in the relevant interests of director Christopher Gerteisen following a recent on-market transaction. Gerteisen, who already held a significant position in the company both directly and indirectly via AJ Holdings International Limited, acquired an additional 15,000 fully paid ordinary shares in Nova Minerals on 24 February 2026 for approximately A$11,700, excluding brokerage.
The transaction marginally increases the director’s equity stake in the company, reinforcing insider alignment with shareholders and signalling continued confidence in Nova Minerals’ prospects. The updated holding also reflects ongoing transparency requirements under ASX listing rules, providing investors with timely visibility into changes in director shareholdings and potential shifts in governance influence.
The most recent analyst rating on (AU:NVA) stock is a Sell with a A$0.71 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
Nova Minerals has issued a detailed rebuttal to a critical report by short seller Spruce Point Capital Management, arguing that many of the claims are historical, selective or immaterial to its operations and prospects. The company stresses that it respects the role of short sellers, but urges investors to rely on its official market disclosures, saying the report’s focus on factors like Alaska’s harsh climate, infrastructure challenges and community opposition merely reflects long-known conditions common to all major Alaskan gold mines.
Management also defends the Estelle Project’s progress and its own capital allocation track record, highlighting over A$100 million invested in exploration, a US$43.4 million U.S. government grant to support domestic antimony supply and preparations for first production in 2026/2027. Nova further counters allegations about “side ventures” by outlining strong realized and unrealized returns on prior investments and implying Spruce Point’s own short campaigns have often underperformed, positioning the company as operationally advancing and financially disciplined despite the short seller attack.
The most recent analyst rating on (AU:NVA) stock is a Sell with a A$0.71 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
Nova Minerals has disclosed a change in the interests of director Christopher Gerteisen, who holds both direct and indirect stakes in the company, including shares and equity-linked instruments. The filing shows Gerteisen acquired an additional 10,000 Nova Minerals ordinary shares on 13 February 2026 for cash consideration of about A$8,200, a modest on-market purchase that slightly increases his equity exposure and may be read as a signal of confidence in the company by a key insider.
The most recent analyst rating on (AU:NVA) stock is a Sell with a A$0.79 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
Nova Minerals plans to redomicile from Australia to the United States after losing its foreign private issuer status, a move aimed at aligning its regulatory obligations with its predominantly U.S. shareholder base while maintaining dual listings on the ASX and Nasdaq under existing ticker codes. As part of a broader corporate reorganization, the company intends to acquire the remaining 15% of the Estelle Gold and Critical Minerals Project to move to full ownership, improve access to lower-cost U.S. equity capital and a wider institutional investor pool, position itself for potential U.S. government funding opportunities, and transition to a U.S.-based chief financial officer with experience in U.S. mining operations and GAAP reporting.
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.
Nova Minerals has issued 1,022,949 fully paid shares following the cashless exercise of 1,625,000 unlisted employee options under its Employee Share Option Plan, and has lodged a cleansing notice to allow secondary trading of these shares without a prospectus under the Corporations Act. The company confirmed it is compliant with its continuous disclosure obligations, noted it is awaiting final assay results from an exploration program completed in September 2025, and indicated that quotation of the new shares has been separately applied for, signaling modest equity dilution but maintaining regulatory transparency for investors.
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.
Nova Minerals Limited has applied to the ASX for quotation of 1,022,949 new ordinary fully paid shares, effective 29 January 2026. The additional securities, which arise from the exercise or conversion of existing options or other convertible instruments, will modestly increase the company’s free float and share capital, potentially enhancing liquidity for shareholders without materially altering the company’s market structure.
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.
Nova Minerals Limited has issued 1,000,000 unquoted options under an employee incentive scheme, with each option exercisable at A$0.45 and expiring on 23 December 2028. The new options, which are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, form part of the company’s ongoing use of equity-based incentives to retain and motivate staff, modestly increasing its pool of potential future equity and aligning employees’ interests with shareholders over the longer term.
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.
Nova Minerals’ December 2025 quarter was defined by the award of US$43.4 million in non-dilutive funding from the U.S. Department of War to fully finance Stage 1 development of a domestic antimony supply chain at its Estelle Project in Alaska, significantly strengthening its balance sheet and advancing its strategy to become a fully integrated U.S. antimony producer. The company has begun procuring critical mining and processing equipment for a starter antimony mine and a proposed refinery at Port Mackenzie, secured industrial-zoned land and progressed permitting at the deep-water port site, with equipment deliveries expected in early 2026 and first antimony production targeted for late 2026 to early 2027, while concurrently advancing drilling, resource growth and pre-feasibility work on its large-scale Estelle gold assets and maintaining a strong funding position with more than A$106 million in available funding and no debt at quarter-end.
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.
Nova Minerals Limited has announced that director Louie Simens ceased to be a director of the company on 27 January 2026. An accompanying disclosure details his indirect interests in Nova Minerals securities held through related entities, including millions of fully paid ordinary shares as well as performance rights and unlisted ESOP options, providing investors with clarity on director-related holdings following his departure.
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.
Nova Minerals has announced the resignation of executive director Louie Simens, effective 27 January 2026, citing personal reasons. Simens, who joined the board in December 2017 and served in several key roles including interim executive chairman during critical phases of the Estelle Gold and Critical Minerals Project and other strategic initiatives, is credited by the board with having made a significant contribution to shaping the company’s current position and strategic framework. Chairman Richard Beazley emphasised that Simens leaves an enduring impact on Nova’s growth trajectory and noted that he continues to fully support the board and the company’s strategy, suggesting leadership continuity and stability for stakeholders despite the governance change.
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.
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.
Nova Minerals has increased Chief Executive Officer Chris Gerteisen’s base salary from US$252,000 to US$360,000 per year, effective 1 January 2026, while leaving his contract term and incentive structures unchanged. The board attributed the higher remuneration to Gerteisen’s expanded responsibilities as the Estelle gold and antimony projects grow in scale and complexity, encompassing exploration and development activities as well as capital raising and efforts to secure U.S. government funding, underscoring the company’s push to advance its flagship Alaskan assets and strengthen its strategic position in gold and critical minerals.
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.
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.
Nova Minerals has reported further broad, near-surface gold intercepts from its 2025 drilling campaign at the RPM North deposit within the Estelle project in Alaska, confirming an eastern strike extension and reinforcing the continuity of mineralisation around the high-grade core. The new results, alongside pending drill, soil and rock-chip assays, are expected to support upgrades to the Measured and Indicated resource base and will feed into an updated Mineral Resource Estimate and ongoing pre-feasibility work, including metallurgical, mining and optimisation studies, potentially enhancing project economics and moving the Estelle Gold and Critical Minerals Project closer to commercial production.
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.
Nova Minerals has moved to clarify media speculation following a Financial Times article that linked the company to a potential purchase of more than 100 tonnes of Pakistani antimony. The company said it has held only preliminary, exploratory discussions about sourcing antimony concentrate from Pakistan, mainly to test plant capabilities, and stressed that no binding or material agreements have been reached. Nova added that it remains in compliance with ASX continuous disclosure rules and will announce any binding and material arrangements if and when they occur, aiming to reassure investors and stakeholders about the current non-committal nature of its antimony sourcing talks.
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.
Nova Minerals Limited has announced a proposed issue of up to 40,410,540 new ordinary fully paid shares via a placement or similar capital-raising mechanism, with the issue scheduled for 19 December 2025. The move represents a significant capital-raising initiative that could strengthen the company’s balance sheet, provide funding flexibility for future operational or exploration activities, and potentially dilute existing shareholders while expanding the investor base and enhancing the company’s financial capacity within the mining sector.
Nova Minerals has priced an underwritten public offering of 2,928,300 American Depositary Shares on Nasdaq at US$6.83 per ADS, to raise approximately US$20 million (A$30.2 million) in gross proceeds, with a 45‑day option for underwriters to purchase additional ADSs to cover any over‑allotments. The capital injection, to be completed under the company’s existing ASX placement capacity and expected to close on 22 December 2025, will fund drilling, feasibility and environmental studies, camp expansion, permitting and initial development activities at its Estelle Gold and Critical Minerals Project in Alaska, as well as general corporate purposes, strengthening Nova’s ability to advance its flagship asset in a key North American gold and antimony province.
Nova Minerals Limited has requested an extension of its voluntary suspension of ordinary shares on the ASX as it prepares to announce a proposed capital raising and finalize the filing of a Form F-3 Registration Statement with the SEC in the USA. The suspension is expected to end on December 19, 2025, when the company anticipates making an announcement regarding the capital raising, which could impact its financial operations and market positioning.
Nova Minerals Limited has requested a voluntary suspension of its securities from quotation on the ASX, pending an announcement regarding a proposed capital raising. The suspension is expected to last until December 17, 2025, when the company anticipates making the announcement. This move is part of Nova’s strategic efforts to manage its financial operations and could impact its market positioning and stakeholder interests.
Nova Minerals Limited has requested a trading halt on its securities pending an announcement regarding a proposed share placement. This halt is expected to last until the announcement is made or until trading resumes on December 15, 2025. The company recently completed an exploration program and is awaiting assay results, which will be released once available. This move could impact Nova’s market positioning and stakeholder interests as it may influence the company’s financial strategies and future operations.
Nova Minerals Limited has announced the issuance of 1,714,286 fully paid shares following the exercise of unquoted options. This move is part of the company’s compliance with the Corporations Act, allowing for secondary trading exemption under section 708A. The announcement highlights Nova’s adherence to regulatory requirements and its ongoing exploration activities, with pending assay results from a recent exploration program expected to be released upon completion.
Nova Minerals Limited has announced the issuance of 1,714,286 fully paid ordinary securities to be quoted on the ASX, effective December 5, 2025. This move indicates the company’s strategic efforts to enhance its capital structure, potentially impacting its financial flexibility and market positioning.