Nova Minerals Limited
Price History
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About Nova Minerals Limited
Nova Minerals Limited (NVA) is a gold mining company. Our project database tracks 29 projects for Nova Minerals Limited with technical and economic data extracted from company filings. Its flagship Estelle Gold Project (Korbel Main, RPM North, RPM South) (PEA) carries an after-tax NPV of $654M and an IRR of 53.3% over a 17-year mine life.
Nova Minerals is developing the Estelle gold project in Alaska, a large-scale gold system that has returned significant high-grade drill intercepts including at the Estelle and RPM deposits. The project represents one of Alaska's largest recent gold discoveries with substantial exploration upside.
Primary Commodities
Project Economics
Estelle Gold Project
- Mineral Resources
- Total Estelle Gold Project: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 243 Mt @ 0.33 g/t Au (2.54 Moz); Inferred 231 Mt @ 0.33 g/t Au (2.45 Moz); Total 476 Mt @ 0.3 g/t Au (5.17 Moz Au). RPM: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz); Inferred 46 Mt @ 0.54 g/t Au (0.80 Moz); Total 51 Mt @ 0.70 g/t Au (1.13 Moz). Korbel Main: Indicated 240 Mt @ 0.31 g/t Au (2.39 Moz); Inferred 35 Mt @ 0.27 g/t Au (0.30 Moz); Total 275 Mt @ 0.30 g/t Au (2.70 Moz). Cathedral: Inferred 150 Mt @ 0.28 g/t Au (1.35 Moz). Total Korbel: Indicated 240 Mt @ 0.31 g/t Au (2.39 Moz); Inferred 185 Mt @ 0.28 g/t Au (1.65 Moz); Total 425 Mt @ 0.30 g/t Au (4.05 Moz).
- Royalties / Streams
- 2% NSR held by AK Minerals Pty Ltd; 5% royalty on recovered ounces assumed in resource pit shell
RPM South
- Mineral Resources
- RPM South: Inferred 23 Mt @ 0.47 g/t Au (0.35 Moz Au)
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd; 5% royalty on recovered ounces assumed in pit shell
RPM (RPM North & RPM South)
- Mineral Resources
- Total RPM (100%): Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz), Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz), Inferred 46 Mt @ 0.54 g/t Au (0.80 Moz), Total 51 Mt @ 0.70 g/t Au (1.13 Moz)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed
RPM (North & South)
- Mineral Resources
- Total RPM (cut-off 0.20 g/t Au): 51 Mt @ 0.70 g/t Au for 1.13 Moz Au (Measured 1.4 Mt @ 4.1 g/t / 0.18 Moz; Indicated 3.0 Mt @ 1.6 g/t / 0.15 Moz; Inferred 46 Mt @ 0.54 g/t / 0.80 Moz). RPM North: M 1.4 Mt @ 4.1 g/t / 0.18 Moz; I 3.0 Mt @ 1.6 g/t / 0.15 Moz; Inf 23 Mt @ 0.60 g/t / 0.45 Moz; Total 28 Mt @ 0.88 g/t / 0.78 Moz. RPM South: Inf 23 Mt @ 0.47 g/t / 0.35 Moz.
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in resource pit optimization
RPM (North and South)
- Mineral Resources
- Total RPM: Measured 1.4 Mt @ 4.1 g/t Au for 0.18 Moz Au; Indicated 3.0 Mt @ 1.6 g/t Au for 0.15 Moz Au; Inferred 46 Mt @ 0.54 g/t Au for 0.80 Moz Au; Total 51 Mt @ 0.70 g/t Au for 1.13 Moz Au
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd
RPM North
- Mineral Resources
- RPM North: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz) + Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz) + Inferred 23 Mt @ 0.60 g/t Au (0.45 Moz) = 28 Mt @ 0.88 g/t Au (0.78 Moz Au)
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd; 5% royalty on recovered ounces assumed in pit shell
RPM
- Mineral Resources
- Total RPM (Cutoff 0.20 g/t): Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz); M&I 4.4 Mt @ 2.4 g/t Au (0.33 Moz); Inferred 46 Mt @ 0.54 g/t Au (0.80 Moz); Total 51 Mt @ 0.70 g/t Au (1.13 Moz). Includes RPM North and RPM South.
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd
Nova 85% Attributable Interest (Estelle Gold Project)
- Mineral Resources
- Nova's 85% attributable interest: Total 404 Mt @ 0.34 g/t Au (4.41 Moz Au)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces used in pit shell assumptions
Korbel Main
- Mineral Resources
- Indicated 240 Mt @ 0.31 g/t Au for 2.39 Moz Au; Inferred 35 Mt @ 0.27 g/t Au for 0.30 Moz Au; Total 275 Mt @ 0.30 g/t Au for 2.70 Moz Au (cut-off grade 0.15 g/t Au)
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd
Korbel (Korbel Main & Cathedral)
- Mineral Resources
- Total Korbel (cut-off 0.15 g/t Au): 425 Mt @ 0.30 g/t Au for 4.05 Moz Au (Indicated 240 Mt @ 0.31 g/t / 2.39 Moz; Inferred 185 Mt @ 0.28 g/t / 1.65 Moz). Korbel Main: I 240 Mt @ 0.31 g/t / 2.39 Moz; Inf 35 Mt @ 0.27 g/t / 0.30 Moz; Total 275 Mt @ 0.30 g/t / 2.70 Moz. Cathedral: Inf 150 Mt @ 0.28 g/t / 1.35 Moz.
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in resource pit optimization
Estelle Gold Project (Total - Korbel Main, Cathedral, RPM North, RPM South)
- Mineral Resources
- Total Estelle Gold Project (100%): Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 243 Mt @ 0.33 g/t Au (2.54 Moz); M&I 244 Mt @ 0.35 g/t Au (2.72 Moz); Inferred 231 Mt @ 0.33 g/t Au (2.45 Moz); Total 476 Mt @ 0.34 g/t Au (5.17 Moz). Nova's 85% attributable interest: Total 404 Mt @ 0.34 g/t Au (4.41 Moz).
- Royalties / Streams
- 2% NSR held by AK Minerals Pty Ltd; 5% royalty on recovered ounces applied in resource pit shell assumptions
Estelle Gold Project (total)
- Mineral Resources
- Total Estelle Gold Project: 244 Mt @ 0.35 g/t Au (M&I) for 2.72 Moz Au; 231 Mt @ 0.33 g/t Au (Inferred) for 2.45 Moz Au; Total 476 Mt @ 0.34 g/t Au for 5.17 Moz Au
- Royalties / Streams
- 5% royalty on recovered ounces; AK Minerals Pty Ltd holds a 2% NSR
Estelle Gold Project - RPM South
- Mineral Resources
- Inferred: 23 Mt @ 0.47 g/t Au (0.35 Moz); Total: 23 Mt @ 0.47 g/t Au (0.35 Moz); cut-off grade 0.20 g/t Au
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in pit shell
Estelle Gold Project – RPM (North & South)
- Mineral Resources
- RPM Total: M&I 4.4 Mt @ 0.33 g/t Au for 0.33 Moz Au; Inferred 46 Mt @ 0.54 g/t Au for 0.80 Moz Au; Total 51 Mt @ 0.70 g/t Au for 1.13 Moz Au
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in resource
Estelle Gold Project (RPM North, RPM South, Korbel Main, Cathedral)
- Mineral Resources
- Total Estelle Gold Project: 476 MT @ 0.34 g/t Au for 5.17 Moz Au (Measured 1.4 MT @ 4.1 g/t for 0.18 Moz; Indicated 243 MT @ 0.33 g/t for 2.54 Moz; Measured & Indicated 244 MT @ 0.35 g/t for 2.72 Moz; Inferred 231 MT @ 0.33 g/t for 2.45 Moz)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; resource pit shell assumes 5% royalty on recovered ounces
Estelle Gold Project (RPM North & RPM South)
- Mineral Resources
- Total RPM: 1.4 Mt @ 4.1 g/t Au Measured (0.18 Moz Au); 3.0 Mt @ 1.6 g/t Au Indicated (0.15 Moz Au); 46 Mt @ 0.54 g/t Au Inferred (0.80 Moz Au); 51 Mt @ 0.70 g/t Au Total (1.13 Moz Au). RPM North: 1.4 Mt @ 4.1 g/t Au Measured (0.18 Moz Au); 3.0 Mt @ 1.6 g/t Au Indicated (0.15 Moz Au); 23 Mt @ 0.60 g/t Au Inferred (0.45 Moz Au); 28 Mt @ 0.88 g/t Au Total (0.78 Moz Au). RPM South: 23 Mt @ 0.47 g/t Au Inferred (0.35 Moz Au)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; royalty on recovered ounces of 5%
Estelle Gold Project - RPM (North and South)
- Mineral Resources
- Total RPM: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz); Inferred 46 Mt @ 0.54 g/t Au (0.80 Moz); Total 51 Mt @ 0.70 g/t Au (1.13 Moz). RPM North: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz); Inferred 23 Mt @ 0.60 g/t Au (0.45 Moz); Total 28 Mt @ 0.88 g/t Au (0.78 Moz). RPM South: Inferred 23 Mt @ 0.47 g/t Au (0.35 Moz); Total 23 Mt @ 0.47 g/t Au (0.35 Moz)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces applied in resource pit shell assumptions
Estelle Gold Project - RPM North
- Mineral Resources
- Measured: 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated: 3.0 Mt @ 1.6 g/t Au (0.15 Moz); Inferred: 23 Mt @ 0.60 g/t Au (0.45 Moz); Total: 28 Mt @ 0.88 g/t Au (0.78 Moz); cut-off grade 0.20 g/t Au
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in pit shell
Estelle Gold Project (Korbel Main, Cathedral, RPM North, RPM South)
- Mineral Resources
- Total Estelle Gold Project (100%): Measured 1.4 Mt @ 4.1 g/t Au for 0.18 Moz Au; Indicated 243 Mt @ 0.33 g/t Au for 2.54 Moz Au; Inferred 231 Mt @ 0.33 g/t Au for 2.45 Moz Au; Total 476 Mt @ 0.3 g/t Au for 5.17 Moz Au. Nova's 85% attributable interest: Measured 1.2 Mt @ 4.1 g/t Au for 0.16 Moz Au; Indicated 213 Mt @ 0.33 g/t Au for 2.22 Moz Au; Inferred 190 Mt @ 0.33 g/t Au for 2.03 Moz Au; Total 404 Mt @ 0.34 g/t Au for 4.41 Moz Au
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR
Estelle Gold Project - Korbel (Main & Cathedral)
- Mineral Resources
- Total Korbel: M&I 240 Mt @ 0.31 g/t Au (2.39 Moz Au); Inferred 185 Mt @ 0.28 g/t Au (1.65 Moz Au); Total 425 Mt @ 0.30 g/t Au (4.05 Moz Au)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR
Estelle Gold Project (Korbel Main)
- Mineral Resources
- Total Korbel: 240 Mt @ 0.31 g/t Au (Indicated, 2.39 Moz Au); 185 Mt @ 0.28 g/t Au (Inferred, 1.65 Moz Au); 425 Mt @ 0.30 g/t Au (Total, 4.05 Moz Au). Korbel Main: 240 Mt @ 0.31 g/t Au Indicated (2.39 Moz Au); 35 Mt @ 0.27 g/t Au Inferred (0.30 Moz Au); 275 Mt @ 0.30 g/t Au Total (2.70 Moz Au). Cathedral: 150 Mt @ 0.28 g/t Au Inferred (1.35 Moz Au)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; royalty on recovered ounces of 5%
Estelle Gold Project - Korbel (Korbel Main and Cathedral)
- Mineral Resources
- Total Korbel: Indicated 240 Mt @ 0.31 g/t Au (2.39 Moz); Inferred 185 Mt @ 0.28 g/t Au (1.65 Moz); Total 425 Mt @ 0.30 g/t Au (4.05 Moz). Korbel Main: Indicated 240 Mt @ 0.31 g/t Au (2.39 Moz); Inferred 35 Mt @ 0.27 g/t Au (0.30 Moz); Total 275 Mt @ 0.30 g/t Au (2.70 Moz). Cathedral: Inferred 150 Mt @ 0.28 g/t Au (1.35 Moz); Total 150 Mt @ 0.28 g/t Au (1.35 Moz)
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces applied in resource pit shell assumptions
Estelle Gold Project – Cathedral
- Mineral Resources
- Cathedral: Inferred 150 Mt @ 0.28 g/t Au for 1.35 Moz Au; Total 150 Mt @ 0.28 g/t Au for 1.35 Moz Au
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR; 5% royalty on recovered ounces assumed in resource
Estelle Gold Project - 85% attributable interest
- Mineral Resources
- 4.41 Moz Au attributable to Nova Minerals
Cathedral
- Mineral Resources
- Inferred 150 Mt @ 0.28 g/t Au for 1.35 Moz Au; Total 150 Mt @ 0.28 g/t Au for 1.35 Moz Au (cut-off grade 0.15 g/t Au)
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd
RPM Deposit (RPM North & RPM South)
- Mineral Resources
- RPM Total: Measured 1.4 Mt @ 4.1 g/t Au (0.18 Moz); Indicated 3.0 Mt @ 1.6 g/t Au (0.15 Moz); Measured + Indicated 4.4 Mt @ 2.4 g/t Au (0.33 Moz); Inferred 46 Mt @ 0.54 g/t Au (0.80 Moz); Total 51 Mt @ 0.70 g/t Au (1.13 Moz)
- Royalties / Streams
- 2% NSR to AK Minerals Pty Ltd; 5% royalty on recovered ounces assumed
Estelle Gold Project (Korbel Main, RPM North, RPM South)
- Mineral Resources
- Global Mineral Resource Estimate of 9.9 Moz Au across the Estelle Gold Project (April 2023) across Korbel Main, RPM North, RPM South, Cathedral; Cathedral (2 Moz Au inferred) not included in this report
- Royalties / Streams
- AK Minerals Pty Ltd holds a 2% NSR (ASX Announcement: 20 November 2017)
Shotgun Gold Project
Whistler Project
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Estelle Gold Project
66 studies on recordKorbel Main Deposit
11 studies on recordCathedral Deposit
11 studies on recordEstelle Gold Project - RPM South
2 studies on recordEstelle Gold Project – RPM (North & South)
2 studies on recordEstelle Gold Project (Total)
10 studies on recordEstelle Gold Project - RPM North
2 studies on recordEstelle Gold Project (Korbel Main, Cathedral, RPM North, RPM South)
12 studies on recordRPM (RPM North & RPM South)
2 studies on recordRPM (North & South)
7 studies on recordRPM (North and South)
2 studies on recordKorbel (Korbel Main & Cathedral)
3 studies on recordEstelle Gold Project (Korbel Main)
4 studies on recordEstelle Gold Project – Cathedral
3 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Frequently Asked Questions
- What does Nova Minerals Limited mine?
- Nova Minerals Limited is focused on Gold.
- What is the economic value of Nova Minerals Limited's Estelle Gold Project (Korbel Main, RPM North, RPM South)?
- According to its PEA, Estelle Gold Project (Korbel Main, RPM North, RPM South) has an after-tax NPV of $654M and an IRR of 53.3%.
- How many projects does Nova Minerals Limited have?
- We track 29 projects with extracted technical and economic data for Nova Minerals Limited.
Quick Facts
- Ticker Symbol
- NVA
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.