Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
ANCHORAGE - Nova Minerals Limited (NASDAQ:NVA) (ASX:NVA), a $68 million market cap mining company, announced the appointment of Chaim "Dovi" Berger as an Independent Non-Executive Director effective July 1, 2025. According to InvestingPro data, the company’s stock has experienced a -3.38% return over the past week.
Berger, a U.S.-based finance and legal executive, brings over 10 years of experience in structuring complex transactions. His background spans corporate law, accounting, taxation, and mergers and acquisitions, complemented by operational experience in high-growth businesses.
According to the company’s statement, Berger has experience in executing strategic acquisitions, ensuring regulatory compliance, and implementing financial controls. He is both an admitted attorney and a Certified Public Accountant.
The new director will serve on Nova Minerals’ Audit & Risk Committee and the Remuneration & Nomination Committee.
Nova Minerals describes itself as a gold, antimony, and critical minerals exploration and development company. Its primary asset is the Estelle Project, which covers 514 square kilometers of mining claims in Alaska. The project is located 150 kilometers northwest of Anchorage in the Tintina Gold Belt.
The company stated in its press release that the Estelle Project contains multiple mining complexes across a 35-kilometer mineralized corridor with over 20 advanced prospects, including two defined multi-million ounce resources.
Nova Minerals holds an 85% ownership stake in the Estelle Project.
In other recent news, Nova Minerals Limited has initiated drilling at its Stibium prospect in Alaska, targeting gold and antimony mineralization. The company has embarked on a 3,000-meter diamond drill program at the site, which is near the Whiskey Bravo camp and the Korbel gold deposit. The initial drill hole is set to examine a potential high-grade gold-antimony zone identified through surface sampling. Nova is also preparing to deploy a second diamond drill rig and a reverse circulation rig later this month. The drilling program is part of Nova’s efforts to deliver a maiden Mineral Resource Estimate for both gold and antimony at Stibium. Surface sampling has indicated a mineralized area approximately 800 meters long and 400 meters wide, with samples showing up to 60.5% antimony and 141 g/t gold. Additionally, Nova has applied for U.S. Department of Defense funding to potentially speed up the development of its antimony assets. If the funding is approved, the company plans to add more drill rigs, develop an antimony processing hub at Port Mackenzie, and engage with potential antimony customers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.