Nova Minerals Reports Record High-Grade Gold Intercepts at RPM Valley, Advancing PFS
NVA has more than doubled off its 52-week low of $1.68.
Summary
Nova Minerals announced significant drill results from its RPM Valley deposit, including a record high-grade gold intercept and broad mineralization, which will support a maiden Measured and Indicated Mineral Resource for its Pre-Feasibility Study.
Key Events · Product Development and Regulatory · NVA
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Record High-Grade Gold Intercept
Drilling at RPM Valley returned the highest-grade intercept to date for the Estelle Project, with 0.5 meters at 364 g/t Au from 101 meters, including visible gold.
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Broad Mineralization Confirmed
Multiple broad gold intersections were reported, including 65m @ 3.6 g/t Au, 155m @ 0.9 g/t Au, and 289m @ 0.7 g/t Au, confirming continuity of the mineralized system.
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Supports Maiden M&I Resource
The 2025 infill drill results are expected to support a maiden Measured and Indicated Mineral Resource at the RPM Valley deposit, crucial for the ongoing Pre-Feasibility Study.
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Mineralization Remains Open
The gold mineralization at RPM Valley remains wide open in multiple directions and at depth, indicating significant further exploration potential.
Analysis · NVA · Energy & Transportation
These drill results provide strong validation of the scale and quality of the gold system at RPM Valley, a key part of the Estelle Gold Project. The discovery of the highest-grade intercept to date, alongside multiple broad zones of continuous mineralization, significantly de-risks the project and enhances its economic potential. The data will directly inform the upcoming Mineral Resource Estimate and Pre-Feasibility Study, marking a critical step towards development. The indication that mineralization remains wide open suggests further upside, while preliminary results from glacial till offer potential for easily minable, low-grade material.
At the time of this filing, NVA was trading at $8.59 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $316M. The 52-week trading range was $1.68 to $16.28. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.