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Nova Minerals Clarifies Pakistan Antimony Talks, Stays Focused on Alaska Gold Project

Benzinga·01/05/2026 11:34:17
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Nova Minerals Limited ("Nova" or the "Company") (NASDAQ:NVA) (ASX: NVA) (FRA: QM3) ) a gold and critical minerals exploration stage company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, U.S.A., has become aware of media articles speculating on the Company's arrangements regarding the potential acquisition of antimony in Pakistan. An article in the Financial Times on 29 December 2025 ("The wildcat traders and US contractors piling into Pakistan's antimony"), includes comments attributed to the Company's CEO, Mr Christopher Gerteisen, regarding a potential purchase of over 100 tons of Pakistani antimony.

The Company wishes to clarify that, while preliminary discussions have been held in relation to sourcing antimony concentrate for testing purposes principally to assess plant capability, all discussions remain exploratory in nature.

The Company will, in accordance with the exchange listing rules, disclose the terms of any arrangement which becomes binding and material when, and if, it occurs.

Nova's focus in 2026 continues to be completing the Feasibility Study for its gold assets and commencing production of military-grade antimony trisulfide, supported by the recent US$43.4 million award from the U.S. Department of Defense.