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- Three-stage project approval from mining to refining
- Permits cover stibnite mining at the Styx and Stibium prospects
- Phase one is fully funded through the company’s existing award to support development of domestic production capacity for military-grade material
- All major long-lead and critical mining and processing equipment has been procured and delivered
Nova Minerals Corp (ASX: NVA) has achieved a key milestone in advancing the establishment of the first modern, fully integrated US domestic antimony supply chain in decades with the receipt of final approvals for its Alaska project.
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The Alaska Department of Natural Resources has given the “thumbs up” for the US Department of War funded Alaska antimony project, completing the project’s permitting process and clearing the way for construction and development activities targeting production in 2027.
“Securing our final permits is a major milestone for Nova, moving our Alaska antimony project from development planning toward construction and targeted production in 2027,” CEO, Christopher Gerteisen, said.
“In a relatively short period, we have secured US$43.4 million in Department of War funding, completed the permitting process, advanced engineering and metallurgical test work, and delivered critical equipment to our project locations.
“With these key milestones achieved, our focus is now on execution. We believe the project has the potential to contribute to a more secure U.S. domestic antimony supply chain, while creating a meaningful new growth opportunity for Nova and our shareholders.”
The final approvals authorise construction and operating activities over an initial three-year term across the Project’s integrated development pathway.
This includes stibnite mining at the Styx and Stibium prospects, intermediate-stage ore sorting and processing at the Whiskey Bravo concentration site within the Estelle Project, and downstream processing and refining at Port Mackenzie, Alaska.
The company’s phase one development program is supported by a US$43.4 million award from the US Department of War to advance domestic antimony production capacity. Metallurgical test work and process plant engineering have been completed, with the process flowsheet designed to support production of military-grade antimony trisulfide and standard grade II antimony metal (>99.65% Sb).
All major long-lead and critical mining and processing equipment has been procured and delivered to project sites, enabling Nova to accelerate construction and advance project development.
NVA was up 20.8% to 43.5¢. Mkt cap $13.74M.
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