A US-based mining exploration and development company, Nova Minerals Limited, has said that its discussions regarding the potential sourcing of antimony from Pakistan are still at an early and exploratory stage.
In a clarification issued to the Australian Securities Exchange (ASX) on Monday, the ASX- and NASDAQ-listed miner addressed recent media reports suggesting arrangements to acquire antimony from Pakistan. The company stated that while preliminary discussions have taken place, no formal agreement has been finalised.
“While preliminary discussions have been held in relation to sourcing antimony concentrate for testing purposes, principally to assess plant capability, all discussions remain exploratory in nature,” Nova Minerals said in its statement to the bourse.
The company added that its primary focus in 2026 remains the completion of the feasibility study for its gold assets, alongside the commencement of production of military-grade antimony trisulfide. This initiative is supported by a recent $43.4 million award from the US Department of Defense.
Last month, the Financial Times reported that Pakistan-based Himalayan Earth Exploration had signed a “strategic partnership” with Nova Minerals to explore antimony resources, aimed at strengthening US–Pakistan economic ties. The report also quoted Nova Minerals’ Chief Executive Officer, Christopher Gerteisen, as saying the company planned to purchase more than 100 tonnes of Pakistani antimony concentrate for around $2 million early next year for testing and processing in Alaska. He also indicated that Nova Minerals may eventually consider downstream processing of antimony ore in Pakistan.
Separately, in November, a delegation from Nova Minerals met officials of Pakistan’s Board of Investment (BOI), where the company expressed strong interest in investment opportunities in the country’s mineral and mining sector, particularly in antimony and rare earth minerals.
Gerteisen was quoted by the Financial Times as saying that the US Department of Defense had encouraged the company to source critical minerals globally to support strategic supply chains.
