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NOVA MINERALS LIMITED (NVA)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
NOVA MINERALS LIMITED15/12/2017
QUANTUM RESOURCES LIMITED14/01/198815/12/2017
HELM RESOURCES LIMITED14/01/1988

Shareholder links

Our website ranking of NVA: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000NVA2
Address: Suite 5, 242 Hawthorn Road, Caulfield, VICTORIA 3161 Australia
Tel:  +61 3 9537 1238Fax: +61 (0) 3 9614 0550

Date first listed: 11/06/1987
Company Secretary: Adrien Wing
Sector: Materials Industry Group: XMJ
Activities: Mineral exploration and investment in marketable securities in the resources sector

News & Events

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The suspension of trading in the securities of Nova Minerals Limited will be lifted immediately following the release by NVA of an announcement regarding Snow Lake Resources Limited.

11/04/2022

The company has now completed the sale of a portion of its investment holding in Snow Lake Resources Ltd, with the funds to be received over night. The sale comprised of 3,000,000 Snow Lake Resources shares in an underwritten secondary offering, which represented approximately 31% of its holding, at a price per share of US$6.00, a discount of 6.25% from the closing price on the day, for total proceeds of US$18,000,000 (AUD$24,000,000) before underwriting fees and offering expenses. Subsequent to the transaction, Nova continues to hold 6,600,000 Snow Lake shares which under agreement are in escrow to 21 March 2023. Nova is now fully funded, with zero dilution to shareholders, to continue its aggressive resource development drilling and study programs, at its 9.6 Moz Estelle Gold Project. Funds will also be used for general working capital purposes.

11/04/2022

The company has entered into an agreement for the sale of 3,000,000 shares of Snow Lake Resources in an underwritten secondary offering, representing approximately 31% of its holdings of Snow Lake shares, at a price per share of US$6.00 for total proceeds of US$ 18,000,000 before underwriting fees and offering expenses. ThinkEquity is acting as sole book-running manager for the offering. The sale is expected to close on 12 April 2022, subject to customary closing conditions. Following the closing of the sale, Nova will own 6,600,000 shares, or approximately 37% of the total outstanding common shares of Snow Lake.

08/04/2022

The securities of Nova Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NVA, pending the release of an announcement regarding its investment in Snow Lake Resources Limited.

07/04/2022

The suspension of trading in the securities of Nova Minerals Limited will be lifted immediately, following the release by NVA of an announcement regarding the upgraded resource estimate.

07/04/2021

Snapshot in time Global Mineral Resource for Korbel Main (Blocks A and B) (drilling to 31 December 2020) "“ 4.7Moz Inferred JORC Mineral Resource Estimate. Drilling to continue at Korbel Main with one rig testing North-West and South-East extensions and another rig Infill drilling. Nova marks its transition to project developer for Korbel Main and will continue to unlock the Estelle Gold district throughout 2021. Ore Sorting Results show a substantial grade increase (ASX:15 March 2021) and helped lower the reported MRE gold cut-off grade to 0.15 g/t Au (previously reported at 0.18 g/t Au cut-off). Interim scoping study is now well underway with flow sheet to emerge in the near term. The resource is based on over 30,000m of drilling complete to December 2020. This includes 32 RC holes (2019-2020), 64 Diamond Core holes (2020) and 6 Historical Diamond Core holes (pre-2018). See Appendix 1 for the list of drill holes, old and new, included in this upgrade. Drilling at RPM to commence in this quarter.

07/04/2021

The securities of Nova Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NVA, pending the release of an announcement regarding a upgraded resource estimate.

06/04/2021

Benjamin Heath Cooper of Bexley NSW appeared on Friday 12 March 2021 in the Perth Magistrates' Court charged with conspiracy with others to manipulate the market for the shares of Nova Minerals Limited (when it was called Quantum Resources Limited). ASIC alleges that, on 16 November 2015, Mr Cooper conspired with Avrohom Kimelman and Don Evans to manipulate Quantum's share price, in contravention of sections 1041A and 1311(1) of the Corporations Act 2001 (Cth) and section 11.5(1) of the Criminal Code (Cth) (20-223MR).

17/03/2021

The suspension of trading in the securities of Nova Minerals Limited will be lifted immediately, following the release by NVA of an announcement regarding the Estelle Gold Project.

11/09/2019

Independent Maiden Inferred JORC Resource of circa 2.5 million ounces of gold at Oxide Korbel (Blocks A and B) one of fifteen known occurrences at Nova Mineral's Estelle Gold Project. The Oxide Korbel deposit (Blocks A and B) remains open at depth and along strike. Resource starts from less than 2 m from surface (ASX announcement: 2 September 2019 - Hole SE12-004). Resource occurs on less then 1 % of the total project area. Future plans include multiple diamond drill rigs on site operating 24 hours 7 days a week, with a focus on increasing the drill density of the maiden resource, plus extensional drilling to grow the global resource. Further exploration drilling to test RPM and Shoeshine planned. Aggressive drilling campaign to continue upon receiving permits and approvals.

11/09/2019

The securities of Nova Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NVA, pending the release of an announcement regarding the Estelle Gold Project.

09/09/2019

name changed from Quantum Resources Limited

15/12/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    16/01/2024Chris Gerteisen45,000$0.338$15,221
    12/01/2024Craig Bentley200,000$0.339$67,856
    23/06/2023Craig Bentley512,144$0.264$135,355
    21/06/2023Chris Gerteisen25,000$0.260$6,500
    02/06/2023Chris Gerteisen30,000$0.310$9,300

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Lewis LawrickNon Exec Director19/11/2018
    Avi GellerNon Exec Director19/11/2018
    Craig BentleyExecutive Director18/02/2022
    Chris GerteisenExecutive Director, CEO23/09/2019
    Louie SimensInterim Chairman19/12/2017
    Rodrigo PasquaDirector03/05/2022

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Anna Ladd-KrugerNon Exec Chairman, Independent Director29/06/202228/04/2023
    David HershamNon Exec Chairman18/06/202011/03/2022
    Colin BelshawNon Exec Director07/12/202012/01/2022
    Avi KimelmanExecutive Chairman03/12/201518/06/2020
    Dennis FryNon Exec Director19/12/201702/01/2019
    Olaf FredericksonNon Exec Director10/04/201705/09/2018
    Eliahu BernsteinChairman29/05/201519/12/2017
    Ari HerszbergDirector28/04/201510/04/2017
    Alyn TaiNon Exec Director03/12/201530/04/2016
    Mordechai GutnickDirector29/09/201403/12/2015
    Peter LeeDirector, CFO30/04/201229/05/2015
    Joseph GutnickChairman, Managing Director03/07/198728/04/2015
    David TyrwhittNon Exec Director18/02/199921/04/2015
    Craig MichaelDirector05/10/201030/04/2012

    Date of first appointment, title may have changed.