The metallurgical results are a positive technical catalyst for the Estelle project, potentially reducing processing costs. Monitor for the next Feasibility Study update and any resource upgrade. The stock may see near-term interest from gold and mining investors.
Price Chart
Executive Summary
Nova Minerals announced positive bench-scale flotation test results on low-grade Korbel ore, achieving >95% gold recovery and a high-grade concentrate of up to 26.7 g/t Au with a low mass pull of 2-3%. The results suggest potential for significant capital and operating cost reductions in the ongoing Feasibility Study for the Estelle Gold Project, though no financial data or guidance was provided.
Key Facts
- Gold recovery exceeded 95% on low-grade Korbel ore (0.39–0.42 g/t Au) at grind sizes of 250 µm or finer.
- High-grade concentrate ranged from 14.7 to 26.7 g/t Au with a low mass pull of only 2-3%.
- The Korbel deposit has an S-K 1300 compliant pit-constrained resource of 425 Mt @ 0.3 g/t Au (4.05 Moz Au).
- The company is advancing a Feasibility Study and has a fully-funded US$43.4 million U.S. Department of War award for antimony production.
- No financial results, guidance, or changes to the resource estimate were provided in this filing.
Financial Impact
No financial figures reported; test-work results are pre-feasibility and may improve project economics if confirmed in the FS.
Risk Factors
- Results are from bench-scale tests and may not scale to commercial production.
- The project remains in the feasibility stage with no production timeline or binding offtake agreements.
- Forward-looking statements are subject to significant risks and uncertainties.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-030401 |
| Document: form8-k.htm | 0001493152-26-030401 |
| Document: 0001493152-26-030401-index-headers.html | 0001493152-26-030401 |
| Document: 0001493152-26-030401-index.html | 0001493152-26-030401 |
| Document: 0001493152-26-030401.txt | 0001493152-26-030401 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $2.90 | awaiting T+20 | — | $3.18 (+9.66%) |
Oct 21, 2026 6d ago | 8-K | $3.22 | awaiting T+20 | — | $3.18 (−1.24%) |
Oct 8, 2026 19d ago | 8-K | $5.12 | awaiting T+20 | — | $3.18 (−37.89%) |
Oct 2, 2026 25d ago | 8-K | $5.76 | awaiting T+20 | — | $3.18 (−44.79%) |
Sep 28, 2026 29d ago | NT 10-K | $5.40 $3.18 | ▲ +41.11% | ▲ +41.83% | $3.18 (+41.11%) |
Sep 18, 2026 5w ago | 8-K | $6.06 $3.13 | ▼ −48.35% | ▼ −48.55% | $3.18 (−47.52%) |
Sep 17, 2026 5w ago | 8-K | $6.20 $3.59 | ▼ −42.10% | ▼ −43.30% | $3.18 (−48.71%) |
Sep 8, 2026 7w ago | 8-K | $6.49 $5.66 | ▼ −12.79% | ▼ −14.50% | $3.18 (−51.00%) |
Sep 1, 2026 8w ago | 8-K | $5.18 $5.61 | ▲ +8.30% | ▲ +7.12% | $3.18 (−38.61%) |
Aug 31, 2026 8w ago | 8-K | $5.18 $5.40 | ▲ +4.25% | ▲ +4.43% | $3.18 (−38.61%) |
US Market Status
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