Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) CEO Christopher Gerteisen joins Proactive’s Tylah Tully to discuss the bulk testing of antimony-rich stibnite material at its Estelle Project in a gold and critical minerals rich district of Alaska.
This move is part of Nova’s strategy to prepare for near-term antimony production, particularly in response to growing US demand for domestic antimony supply, following China's export restrictions. The company has collected 2,500 kilograms of material from the Stibium prospect and 500 kilograms from Styx for metallurgical testing to develop a process flow sheet and plant design.
Nova Minerals is also exploring the possibility of a fast-tracked, standalone antimony production scenario, potentially with gold credits. Numerous samples have been sent for analysis, with results expected soon. The company is collaborating with METS Engineering and the University of Alaska-Fairbanks CORE-CM group for the studies.
Nova is working closely with US Government agencies, including the Department of Defense, to secure grant funding for this project, aiming to expedite antimony production. Further drilling and exploration of significant stibnite vein zones are planned at Stibium and Styx.