Nova Minerals Corp ("Nova Minerals" or the "Company") (NYSE:NVA, ASX: NVA))) is pleased to report that geotechnical drilling is underway and that the Alaska Industrial Development and Export Authority ("AIDEA") has authorized up to $25 million in additional funding to advance the West Susitna Access Road. The proposed year-round road will provide a critical transportation link between the Company’s Estelle Gold and Critical Minerals Project and its planned Port MacKenzie antimony refinery.

Highlights

  • The West Susitna Access Road is a transformative 78.5-mile, year-round all-weather road that will support critical mineral development in Alaska’s West Susitna region, including Nova Minerals’ Estelle Project, by improving access, reducing development costs, and supporting regional economic growth. It will connect to a separate 22-mile Alaska Department of Transportation & Public Facilities (ADOT&PF) road project, including a major bridge over the Susitna River, linking the area to the existing road network (Figure 1).
  • The AIDEA board has authorized up to $25 million in funding to advance geotechnical drilling and other essential works for the West Susitna Access Road over 2026/2027.
  • ADOT&PF geotechnical investigations are progressing well, with 2026 fieldwork and most drill holes completed or nearing completion at key material sites and bridge crossings (Figure 2), and numerous environmental studies now completed.
  • Nova Minerals is a first mover in developing a fully integrated antimony mining, processing and refining operation in Alaska to provide a secure and reliable domestic supply of a critical mineral essential to U.S. national and economic security.