PROJECT FINANCE

Nova raises big off 'most important drill hole to date'

THE heat under the gold price may have waned, but Nova Minerals' large - and growing - Estelle gold project in Alaska's prolific Tintina Gold Belt can still ignite a lot of investor interest, so the company has completed a major placement of some more promising drilling.

 Nova's core facility at Estelle

Nova's core facility at Estelle

The A$21 million placement with sophisticated and institutional investors was priced at 17c, a 10% discount to recent trading, and follows $14.15 million in exercised options prior to August, and a $2-6...

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