Nova’s Estelle has been identified as one of nine potentially viable global antimony projects in the near term.

February 06, 2025 11:00 AM AEDT | By Team Kalkine Media

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Nova’s Estelle has been identified as one of nine potentially viable global antimony projects in the near term. — Image source: Shutterstock

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Highlights:

Antimony prices have surged due to restricted global supply and rising demand.

Nova Minerals has identified high-grade stibnite at the Estelle project in Alaska.

The company is advancing exploration efforts and seeking funding for production.

The antimony market has witnessed a significant price increase, driven by a constrained supply environment and expanding industrial applications. Export restrictions from China and geopolitical disruptions affecting Russian shipments have contributed to the tightening availability of this critical mineral. At the same time, demand has increased due to its integral role in manufacturing flame-retardant materials and advanced energy technologies, such as solar panels.

Discovery of High-Grade Stibnite at Estelle
Nova Minerals (ASX:NVA), primarily focused on gold exploration, has reported the discovery of high-grade stibnite at its Estelle project in Alaska. This discovery introduces a new dimension to the company’s portfolio, as the mineral is a primary source of antimony. With the global supply chain under pressure, the presence of antimony at Estelle highlights the site’s broader significance in the critical minerals sector.

Progressing Towards Antimony Production
Nova Minerals is advancing efforts to develop antimony production capabilities. The company has intensified exploration activities at the Estelle project to assess the extent of stibnite mineralization. Additionally, it is pursuing funding opportunities from the Department of Defense to support domestic supply chain security. As reliance on foreign sources continues to present challenges, securing a stable domestic production line is a strategic priority.

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