Nova Minerals Progresses to Antimony Processing Plant Construction as 2026 Estelle Field Season Concludes
Nova Minerals' final major antimony processing and refinery equipment arrived at Port MacKenzie, Alaska on October 6, enabling construction of the facility to begin in coming weeks, pending final permits. The project is backed by a $43.4 million U.S. Department of War award targeting a vertically integrated domestic antimony supply chain, with first antimony production expected in 2027. The 2026 Estelle field season concluded with ~8,000m of diamond drilling completed across RPM, Stibium, Styx and other targets, with assay results expected in due course.
Key figures
- Deal Value Usd
- $43.4 million
- Dowel award
- $43.4 million U.S. Department of War award
- Rpm drilling
- ~4,200m at RPM deposit
- Styx drilling
- ~500m at Styx prospect
- Drilling meters
- ~8,000m diamond drilling completed in 2026 season
- Stibium drilling
- ~800m at Stibium prospect
- First antimony target
- 2027
- Antimony ore extracted
- 100 tons
AI analysis
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