Nova Minerals Limited (NVA) Stock

Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) has opened higher on the ASX on welcoming additional high-grade gold surface sample assay results — of up to 128.5 g/t gold — from Muddy Creek prospect at the Estelle Gold and Critical Minerals Project in the Tintina Gold Belt in Alaska. Results include six rock samples grading greater than 10 g/t gold and eight soil samples grading greater than 2 g/t gold — confirming a 400-metre extension to the high-grade gold zone at Muddy Creek. “Our 2024 field crews added considerable size to the high-grade gold zone identified at Muddy Creek,” Nova head of exploration Hans Hoffman said. “With the continued discovery of these high-grade gold-bearing quartz-arsenopyrite veins over an 800-metre strike length, Muddy Creek has elevated itself as a viable drill target, and certainly one of the best geochemical anomalies on the claim block.” Investors have reacted positively to the results with NVA shares trading 11.36% higher in opening ASX trade to A$0.245. Nova’s 2024 surface reconnaissance program consisted of 14 rock samples, with a high of 128.5 g/t gold, and 11 soil samples, with a high of 6.3 g/t gold. Nova explains that the results, as summarised below, continue to show Muddy Creek to be one of the most impressive gold anomalies on the claim block with these results extending the high-grade zone by approximately 400 meters. The best 2024 surface sampling results at Muddy Creek include: Four rock samples greater than 20 g/t gold - Five soil samples greater than 3 g/t gold - Previously announced results from Muddy Creek, from 2023, included six samples greater than 50 g/t gold - 127.5 g/t, 90.5 g/t, 76.8 g/t, 75.5 g/t, 65.6 g/t and 51.8 g/t gold. The Muddy Creek high-grade zone now measures 800 metres by 400 metres. This is part of a larger mineralised trend of greater than 4 kilometres that includes the Muddy Creek, Discovery, Shadow, Shoeshine and Train prospects. Muddy Creek gold results. Nova advises that further results are to follow from the 2024 gold, antimony and critical minerals surface sampling program. This includes the Stibium antimony-gold prospect and further regional exploration from the broader RPM and Stoney areas. Estelle property map showing the sampling program undertaken in 2024. Dell Technologies Inc (NASDAQ:DELL) posted strong third-quarter earnings driven by record AI server demand, though revenue fell short of Wall Street expectations, sending shares down 5% in postmarket trading. Revenue for the quarter ended November 1 rose 10% year-over-year to $24.4 billion, missing estimates of $24.7 billion. However, net income climbed 13% to $1.13 billion, and operating income increased 12% to $1.67 billion. Earnings per share (EPS) of $2.15 exceeded forecasts of $2.05. CEO Jeff Clarke highlighted AI growth, stating, “Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%, with growth across all customer types.” Dell’s Infrastructure Solutions Group (ISG) led growth with revenue up 34% to $11.4 billion, including a 58% surge in servers and networking sales. Storage revenue rose 4%. The Client Solutions Group (CSG) saw revenue slip 1% to $12.1 billion, as consumer sales dropped 18%, partially offset by 3% growth in commercial sales. Gross margin fell to 21.8% from 23.1% a year earlier, while operating margin edged up to 6.8%. Dell ended the quarter with $6.6 billion in cash and repurchased $429 million in shares. AI demand remained a highlight, with Dell reporting a record $3.6 billion in orders and over 50% pipeline growth. Despite the earnings beat, investor concerns over the revenue miss and weak consumer demand weighed on shares, which are up 86% year-to-date.