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Nova Minerals Priced, Nasdaq: NVA

Australian gold exploration company with a property in Alaska.

Industry: Materials

Latest Trade: $12.60 +0.68 (+5.7%)

First Day Return: -30.6%

Return from IPO: +72.3%

Industry: Materials

We are an ASX-listed mining exploration stage company with a gold project in Alaska. Our flagship project is the 85% owned Estelle Gold Project, which comprises of 800 State of Alaska mining claims covering in aggregate of 126,405 acres (513km2) and is subject to a 2% net smelter royalty payable to AK Minerals. The project is situated approximately 150km northwest of Anchorage, Alaska’s largest city, on the Estelle Gold Trend in Alaska’s prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world’s largest gold mines and discoveries including Victoria Gold’s Eagle Mine and Kinross Gold Corporation’s Fort Knox Gold Mine. Our vision is to develop the Estelle Gold Project to become a world class, tier-one, global gold producer. The project contains multiple mining complexes across a 35km long mineralized corridor of over 20 identified gold prospects, including two already defined multi-million ounce resources across four deposits containing a combined S-K 1300 compliant 5.17 Moz Au (0.18 Moz Au Measured, 2.54 Moz Au Indicated, and 2.45 Moz Inferred) of which Nova’s 85% attributable interest is 4.41 Moz Au (0.16 Moz Au Measured, 2.22 Moz Au Indicated, and. 2.03 Moz Inferred). Recently the Company has also discovered antimony and other critical minerals coincident with the gold in surface sampling on numerous prospects across the project.
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IPO Data
IPO File Date 04/15/2024
Offer Price $6.92
Price Range $7.00 - $9.00
Offer Shares (mm) 0.5
Deal Size ($mm) $3
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/23/2024
Offer Price $6.92
Price Range $7.00 - $9.00
Offer Shares (mm) 0.5
Deal Size ($mm) $3
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
ThinkEquity
Company Data
Headquarters Caulfield, Australia
Founded 1987
Employees at IPO 1
Website www.novaminerals.com.au

Nova Minerals (NVA) Performance