NVA: Annual Report FY2026 - Additional ASX Information
Original announcement by asx on
- Company
- Nova Minerals Corp
- Ticker
- NVA
- Exchange
- ASX
- Region
- Alaska
- Primary commodity
- Gold
- Secondary commodities
- Antimony
- Document categories
- Resource update, Other
- Extracted
- 2026-10-01 02:21:07 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Nova Minerals Corp's Annual Report for FY2026 confirms that the Mineral Resources for the Estelle Gold and Critical Minerals Project remain unchanged since April 2023, reported in accordance with the 2012 JORC Code. The report also highlights the company's critical minerals strategy, targeting antimony production in 2027, and provides general corporate and shareholder information.
Reasoning: The document is a routine annual report that explicitly states no change to the mineral resource estimate since April 2023, indicating a lack of new geological progress and low novelty, despite being JORC compliant and signed off by a Competent Person.
Positive factors
- QP/CP Signed
- JORC Compliant
- Cut-off Disclosed
Negative factors
- Stale Estimate
- No new resource information
Facts used in scoring: 2
Classification and evidence
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The document states that the mineral resource estimate for the Estelle Gold and Critical Minerals Project has had 'no change since Mineral Resources were first estimated in April 2023', making the estimate over three years old by the effective date of 30 June 2026.
Evidence · text
“There has been no change since Mineral Resources were first estimated in April 2023.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The mineral resource estimate is reported 'in accordance with the 2012 Edition of the JORC Code'.
Evidence · text
“in accordance with the 2012 Edition of the JORC Code.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Vannu Khounphakdy P.Geo. is named as the Competent Person who reviewed and approved the technical information in the release.
Evidence · text
“Mr Vannu Khounphakdy P.Geo., who is an independent consulting geologist of a number of mineral exploration and development companies, reviewed and approves the technical information in this release and is a member of the Australian Institute of Geoscientists (AIG), which is ROPO accepted for the purpose of reporting in accordance with ASX listing rules. Mr Vannu Khounphakdyhas sufficient experience relevant to the gold deposits under evaluation to qualify as a Competent Person as defined in the 2012 edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document explicitly states the cut-off grades used for the mineral resource estimates at RPM (0.20g/t Au) and Korbel (0.15g/t Au).
Evidence · text
“The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au and Korbel 0.15g/t Au.”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
RPMEstelle Gold and Critical Minerals Project · goldHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Estelle Gold and Critical Minerals Project
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- NVA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Vannu Khounphakdy
- Resource group id
- resource:d72274467062794d3a14
- Deposit or zone
- RPM
Resource Data
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-01T00:00:00.000Z
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: The cut-off grade for the RPM zone is disclosed, but the overall resource estimate is explicitly stated as unchanged since April 2023, indicating low novelty and a stale estimate.
Positive factors
- QP/CP Signed
- JORC Compliant
- Cut-off Disclosed
Negative factors
- Stale Estimate
- No new resource information
Evidence · text
“The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au”
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
KorbelEstelle Gold and Critical Minerals Project · goldHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Estelle Gold and Critical Minerals Project
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- NVA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Vannu Khounphakdy
- Resource group id
- resource:8e77c6cf447ceb04f664
- Deposit or zone
- Korbel
Resource Data
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-01T00:00:00.000Z
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: The cut-off grade for the Korbel zone is disclosed, but the overall resource estimate is explicitly stated as unchanged since April 2023, indicating low novelty and a stale estimate.
Positive factors
- QP/CP Signed
- JORC Compliant
- Cut-off Disclosed
Negative factors
- Stale Estimate
- No new resource information
Evidence · text
“The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au and Korbel 0.15g/t Au.”
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.