Nova Minerals (AU:NVA)
ASX:NVA
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Nova Minerals
(Sydney:NVA)
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Rating:49Neutral
Price Target:
AU$0.71
â–¼(-34.77% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance (recurring losses and ongoing cash burn), partially offset by a comparatively strong balance sheet with no debt. Technicals remain bearish with the stock below major moving averages, while valuation signals are limited due to negative earnings and no dividend support.
Positive Factors
Balance sheet strength
A strong equity base and zero reported debt in 2025 provide durable financial resilience for an exploration company. This reduces near-term insolvency risk, lowers financing cost sensitivity, and gives management flexibility to fund drilling, studies or structure JV/partner deals without immediate debt pressure.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash flow deficits indicate ongoing cash burn requiring external financing or asset transactions. Over 2–6 months this constrains runway, forces dilution or rushed deals, and limits the firm’s ability to self‑fund exploration or technical studies without new capital injections.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A strong equity base and zero reported debt in 2025 provide durable financial resilience for an exploration company. This reduces near-term insolvency risk, lowers financing cost sensitivity, and gives management flexibility to fund drilling, studies or structure JV/partner deals without immediate debt pressure.
Read all positive factors
Nova Minerals (NVA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$326.12M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue GrowthN/A
EPS Growth50.26%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding456,114,350
10 Day Avg. Volume831,165
30 Day Avg. Volume1,607,398
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.90
Price to Sales (P/S)-13.05
P/FCF Ratio-6.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nova Minerals Business Overview & Revenue Model
Company Description
Nova Minerals Limited engages in the exploration of mineral properties in Australia, Canada, and the United States. The company explores for lithium and gold deposits. Its flagship projects include the Estelle gold project, a 35km long corridor of...
How the Company Makes Money
Nova Minerals is primarily an exploration and development-stage company and, based on publicly available information, does not have established, recurring operating revenue from mining production (null). Its funding and value creation model is typ...
Nova Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.66M | -7.05M | 0.00 | 47.42K | 0.00 | 0.00 |
| Gross Profit | -1.93M | -7.05M | -592.00K | -456.90K | -351.00K | -206.00K |
| EBITDA | -15.08M | -9.30M | -13.68M | -3.57M | 34.73M | -3.14M |
| Net Income | -20.30M | -11.02M | -16.28M | -11.48M | 34.69M | -3.13M |
Balance Sheet | ||||||
| Total Assets | 185.70M | 112.54M | 107.25M | 122.34M | 108.33M | 56.87M |
| Cash, Cash Equivalents and Short-Term Investments | 59.18M | 9.08M | 3.15M | 19.24M | 21.28M | 15.52M |
| Total Debt | 6.09M | 0.00 | 7.06M | 6.53M | 862.37K | 862.37K |
| Total Liabilities | 30.55M | 2.69M | 8.86M | 8.95M | 4.00M | 4.29M |
| Stockholders Equity | 147.67M | 102.16M | 90.70M | 105.60M | 96.75M | 46.78M |
Cash Flow | ||||||
| Free Cash Flow | -10.08M | -13.39M | -16.32M | -26.94M | -28.71M | -23.18M |
| Operating Cash Flow | -6.37M | -7.64M | -3.67M | -3.08M | -2.86M | -2.14M |
| Investing Cash Flow | 1.79M | 4.12M | -13.32M | -24.14M | -3.96M | -21.06M |
| Financing Cash Flow | 52.11M | 9.79M | 986.89K | 25.16M | 11.15M | 34.88M |
Nova Minerals Technical Analysis
Neutral
1.09
Price Trends
0.81
Negative
0.94
Negative
0.72
Negative
Market Momentum
-0.03
Negative
47.70
Neutral
76.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NVA, the sentiment is Neutral. The current price of 1.09 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.81, and above the 200-day MA of 0.72, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NVA.
Nova Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$457.22M | 4.68 | 14.39% | ― | 10.84% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$543.21M | 59.59 | 10.14% | ― | ― | ― | |
52 Neutral | AU$569.42M | -19.31 | -16.86% | ― | ― | ― | |
49 Neutral | AU$326.12M | -7.07 | -16.25% | ― | ― | 50.26% | |
49 Neutral | AU$270.09M | 8.70 | -20.24% | ― | ― | 4.04% | |
43 Neutral | AU$31.90M | 0.72 | 43.34% | ― | ― | 69.84% |
* Basic Materials Sector Average
AU:NVA
Nova Minerals
0.72
0.42
142.37%
AU:AMI
Aurelia Metals
0.27
0.03
12.50%
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S2 Resources
0.06
-0.04
-37.50%
AU:NMG
Ora Gold
0.05
0.03
194.12%
AU:A1G
African Gold Ltd.
1.00
0.88
733.33%
AU:AUE
Aurum Resources Limited
0.67
0.32
88.73%
Nova Minerals Corporate Events
Nova Minerals triples warrant exchange ratio in revised U.S. redomiciliation deal
Mar 31, 2026
Nova Minerals has amended the terms of its previously announced redomiciliation scheme with U.S.-based Nova Minerals Corp, changing the consideration for its Nasdaq-listed warrants in order to satisfy New York Stock Exchange listing requirements. ...
Nova Minerals corrects ASX filing on warrant-related share issuance
Mar 30, 2026
Nova Minerals has corrected an error in a previously lodged Appendix 2A application for quotation of securities with the ASX, clarifying that only 80,100 ordinary fully paid shares should have been included, rather than the 120,000 initially state...
Nova Minerals CEO to Detail Alaska Gold and Antimony Strategy at Emerging Growth Webinar
Mar 19, 2026
Nova Minerals will showcase its Estelle Gold and Critical Minerals Project in Alaska at an Emerging Growth Conference webinar, where CEO Christopher Gerteisen is set to outline recent developments at one of North America’s largest undevelope...
Nova Minerals Highlights Dual Focus on Alaska Gold and U.S. Antimony Supply
Mar 12, 2026
Nova Minerals’ interim report for 2026 underscores its strategy to progress a major undeveloped gold project toward production while building a domestic supply of antimony in the United States. The company’s cross-listings and operatio...
Nova Minerals Joins All Ordinaries in S&P Dow Jones March 2026 Rebalance
Mar 10, 2026
Nova Minerals Limited has been added to the SP/ASX All Ordinaries index as part of SP Dow Jones Indices’ March 2026 quarterly rebalance, reflecting its growing market presence among Australian-listed resource companies. The review also rever...
Nova Minerals Uncovers New High-Grade Gold Targets at RPM Ridge in Alaska
Mar 8, 2026
Nova Minerals has reported new high-grade gold assays from its 2025 surface sampling program at the RPM regional and ridgeline area within the Estelle Gold and Critical Minerals Project in Alaska. The work forms part of an extensive district-wide ...
S&P Dow Jones Unveils March 2026 S&P/ASX Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the results of its March 2026 quarterly review of the SP/ASX index family, with changes taking effect before trading opens on March 23. The rebalance reshapes the composition of flagship Australian benchmarks tha...
Nova Minerals Signs Deed to Redomicile to U.S. and Target NYSE Listing
Mar 2, 2026
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...
Nova Minerals Outlines Emerging Gold-Copper System at West Wing in Alaska
Mar 1, 2026
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 ...
Nova Minerals Director Increases Shareholding Through On-Market Purchase
Feb 24, 2026
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 Holding...
Nova Minerals Rebuts Short Seller Report, Reaffirms Progress at Alaska Estelle Project
Feb 22, 2026
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 i...
Nova Minerals Director Christopher Gerteisen Lifts Stake with Share Purchase
Feb 20, 2026
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...
Nova Minerals to Redomicile to U.S. and Take Full Ownership of Estelle Project
Feb 3, 2026
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 ...
Nova Minerals Issues New Shares on Employee Option Exercise and Clears Path for Secondary Trading
Jan 29, 2026
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 ...
Nova Minerals Seeks ASX Quotation for 1.02 Million New Shares
Jan 29, 2026
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 inst...
Nova Minerals Issues 1 Million Unquoted Options Under Employee Incentive Scheme
Jan 29, 2026
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 qu...
Nova Minerals Secures US$43.4m U.S. Funding to Fast-Track Antimony Supply Chain and Advance Estelle Gold Project
Jan 26, 2026
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 Alask...
Nova Minerals Director Louie Simens Steps Down, Indirect Holdings Disclosed
Jan 26, 2026
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, includin...
Nova Minerals Executive Director Louie Simens Resigns After Key Role in Estelle Project
Jan 26, 2026
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 ...
Nova Minerals Defines Higher-Grade Starter Pit Potential at Korbel Gold Deposit
Jan 20, 2026
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 co...
Nova Minerals Lifts CEO Pay as Estelle Project Grows in Scale
Jan 16, 2026
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 ...
Nova Minerals Hits Record High-Grade Gold at RPM Valley, Bolstering Estelle Project
Jan 12, 2026
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 pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.