Nova Minerals Ltd. Files 20-F for FY24
Ticker: NVAAF · Form: 20-F · Filed: Oct 29, 2024 · CIK: 1852551
| Field | Detail |
|---|---|
| Company | Nova Minerals Ltd (NVAAF) |
| Form Type | 20-F |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $, $1.00, $0.6621, $6.92, $3.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, mining, financials
Related Tickers: NVA
TL;DR
Nova Minerals filed its 20-F for FY24, check financials for gold/silver ops.
AI Summary
Nova Minerals Ltd. filed its annual 20-F report for the fiscal year ending June 30, 2024. The company, focused on gold and silver ores, is incorporated in C3 and its fiscal year concludes on June 30th. The filing includes financial data for the periods ending June 30, 2024, 2023, and 2022.
Why It Matters
This filing provides investors with a comprehensive overview of Nova Minerals Ltd.'s financial performance and position for the fiscal year 2024, crucial for assessing the company's health and future prospects in the gold and silver mining sector.
Risk Assessment
Risk Level: medium — As a mining company, Nova Minerals is subject to inherent risks related to exploration, extraction, commodity prices, and regulatory environments.
Key Numbers
- FY2024 — Fiscal Year End (The report covers the period ending June 30, 2024.)
- FY2023 — Previous Fiscal Year End (Comparative financial data for the year ending June 30, 2023, is included.)
- FY2022 — Prior Fiscal Year End (Comparative financial data for the year ending June 30, 2022, is included.)
Key Players & Entities
- Nova Minerals Ltd (company) — Filer of the 20-F report
- 20240630 (date) — Conformed period of report
- 20241029 (date) — Filed as of date
- 0001852551 (company) — Central Index Key for Nova Minerals Ltd
- GOLD & SILVER ORES [1040] (industry) — Standard Industrial Classification
FAQ
What is Nova Minerals Ltd.'s primary business activity?
Nova Minerals Ltd. is primarily involved in the GOLD & SILVER ORES industry, as indicated by its Standard Industrial Classification code [1040].
What is the reporting period for this 20-F filing?
The conformed period of report for this 20-F filing is June 30, 2024.
When was this 20-F filing submitted to the SEC?
This 20-F filing was filed as of October 29, 2024.
What is the company's fiscal year end?
Nova Minerals Ltd.'s fiscal year end is June 30.
What are the different share classes mentioned in the filing details?
The filing details mention American Depositary Shares (each representing 60 Ordinary Shares), Ordinary Shares, and Warrants to Purchase American Depositary Shares.
Filing Stats: 4,537 words · 18 min read · ~15 pages · Grade level 12.1 · Accepted 2024-10-29 16:10:50
Key Financial Figures
- $ — ferences to "U.S. dollars," "dollars," "$," "USD" or "USquot; are to the U.S. dollar
- $1.00 — this prospectus were made at a rate of A$1.00 per US$0.6621 which was the noon buying
- $0.6621 — tus were made at a rate of A$1.00 per US$0.6621 which was the noon buying rate of the F
- $6.92 — e price to the public for the IPO was US$6.92 per unit, for which we received gross p
- $3.3 million — eived gross proceeds of approximately US$3.3 million and net proceeds of approximately US$2.
- $2.03 million — ion and net proceeds of approximately US$2.03 million. See "Item 4. Information on the Compan
- $5.00 — 1 to 60, at a price to the public of US$5.00 per ADS, which includes 43,000 ADSs iss
- $2.37 million — egate gross proceeds of approximately US$2.37 million and net proceeds of approximately US$1.
- $1.86 million — ion and net proceeds of approximately US$1.86 million. As of October 29, 2024, we had a tot
Filing Documents
- form20-f.htm (20-F) — 4053KB
- ex2-1.htm (EX-2.1) — 177KB
- ex4-3.htm (EX-4.3) — 152KB
- ex4-4.htm (EX-4.4) — 334KB
- ex11-1.htm (EX-11.1) — 103KB
- ex12-1.htm (EX-12.1) — 21KB
- ex12-2.htm (EX-12.2) — 19KB
- ex13-1.htm (EX-13.1) — 11KB
- ex15-1.htm (EX-15.1) — 11KB
- ex15-2.htm (EX-15.2) — 10KB
- ex15-3.htm (EX-15.3) — 11KB
- ex15-4.htm (EX-15.4) — 9KB
- ex15-5.htm (EX-15.5) — 11KB
- ex15-6.htm (EX-15.6) — 11KB
- ex15-7.htm (EX-15.7) — 10KB
- ex15-8.htm (EX-15.8) — 11KB
- ex97-1.htm (EX-97.1) — 64KB
- form20-f_001.jpg (GRAPHIC) — 585KB
- form20-f_002.jpg (GRAPHIC) — 82KB
- form20-f_003.jpg (GRAPHIC) — 1112KB
- form20-f_004.jpg (GRAPHIC) — 129KB
- form20-f_005.jpg (GRAPHIC) — 35KB
- form20-f_006.jpg (GRAPHIC) — 49KB
- form20-f_007.jpg (GRAPHIC) — 181KB
- form20-f_008.jpg (GRAPHIC) — 183KB
- form20-f_009.jpg (GRAPHIC) — 73KB
- form20-f_010.jpg (GRAPHIC) — 513KB
- form20-f_011.jpg (GRAPHIC) — 486KB
- form20-f_012.jpg (GRAPHIC) — 284KB
- form20-f_013.jpg (GRAPHIC) — 47KB
- form20-f_014.jpg (GRAPHIC) — 31KB
- form20-f_015.jpg (GRAPHIC) — 258KB
- form20-f_016.jpg (GRAPHIC) — 93KB
- ex11-1_001.jpg (GRAPHIC) — 19KB
- ex11-1_002.jpg (GRAPHIC) — 10KB
- 0001493152-24-042879.txt ( ) — 27584KB
- nva-20240630.xsd (EX-101.SCH) — 115KB
- nva-20240630_cal.xml (EX-101.CAL) — 91KB
- nva-20240630_def.xml (EX-101.DEF) — 297KB
- nva-20240630_lab.xml (EX-101.LAB) — 580KB
- nva-20240630_pre.xml (EX-101.PRE) — 466KB
- form20-f_htm.xml (XML) — 3485KB
IDENTITY OF DIRECTORS, SENIOR MANAGEMENT A2ND ADVISERS
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT A2ND ADVISERS 11
OFFER STATISTICS AND EXPECTED TIMETABLE
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 11
KEY INFORMATION
ITEM 3. KEY INFORMATION 11 A. [Reserved] B. Capitalization and Indebtedness 11 C. Reasons for the Offer and Use of Proceeds 11 D.
INFORMATION ON THE COMPANY
ITEM 4. INFORMATION ON THE COMPANY 38 A. History and Development of the Company 38 B. Business Overview 38 C. Organizational Structure 70 D. Property, Plants and Equipment 71
UNRESOLVED STAFF COMMENTS
ITEM 4A. UNRESOLVED STAFF COMMENTS 71
OPERATING AND FINANCIAL REVIEW AND PROSPECTS
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 72 A. Operating Results 72 B. Liquidity and Capital Resources 76 C. Research and Development, Patents and Licenses, etc. 80 D. Trend Information 80 E. Critical Accounting Estimates 80
DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 81 A. Directors and Senior Management 81 B. Compensation 83 C. Board Practices 90 D. Employees 94 E. Share Ownership 94
MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 94 A. Major Shareholders 94 B. Related Party Transactions 96 D. Interests of Experts and Counsel 97
FINANCIAL INFORMATION
ITEM 8. FINANCIAL INFORMATION 97 A. Consolidated Statements and Other Financial Information 97 B. Significant Changes 97
THE OFFER AND LISTING
ITEM 9. THE OFFER AND LISTING 98 A. Offering and Listing Details 98 B. Plan of Distribution 98 C. Markets 98 D. Selling Shareholders 98 E.
Dilution
Dilution 98 F. Expenses of the Issue 98
ADDITIONAL INFORMATION
ITEM 10. ADDITIONAL INFORMATION 98 A. Share Capital 98 B. Memorandum and Articles of Association 98 C. Material Contracts 118 D. Exchange controls 118 E. Taxation 119 F. Dividends and Paying Agents 128 G. 128 H. Documents on Display 128 I. Subsidiary Information 128 J. Annual Report to Security Holders 128 -2-
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 128
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 129 PART II 131
DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 131 A. Defaults 131 B. Arrears and Delinquencies 131
MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 131 A. Material Modifications to Instruments 131 B. Material Modifications to Rights 131 C. Withdrawal or Substitution of Assets 131 D. Change in Trustees or Paying Agents 131 E.
Use of Proceeds
Use of Proceeds 131
CONTROLS AND PROCEDURES
ITEM 15. CONTROLS AND PROCEDURES 131 A. Disclosure Controls and Procedures 131 B. Management's Annual Report on Internal Control Over Financial Reporting 132 C. Attestation Report of the Registered Public Accounting Firm 132 D. Changes in Internal Control Over Financial Reporting 132
[RESERVED]
ITEM 16. [RESERVED] 132
AUDIT COMMITTEE FINANCIAL EXPERT
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 132
CODE OF ETHICS
ITEM 16B. CODE OF ETHICS 132
PRINCIPAL ACCOUNTANT FEES AND SERVICES
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 133
EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 133
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 133
CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 133
CORPORATE GOVERNANCE
ITEM 16G. CORPORATE GOVERNANCE 134
MINE SAFETY DISCLOSURE
ITEM 16H. MINE SAFETY DISCLOSURE 135
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 135
INSIDER TRADING POLICIES
ITEM 16J. INSIDER TRADING POLICIES 135
CYBERSECURITY
ITEM 16K. CYBERSECURITY 135 PART III 136
FINANCIAL STATEMENTS
ITEM 17. FINANCIAL STATEMENTS 136
FINANCIAL STATEMENTS
ITEM 18. FINANCIAL STATEMENTS 136
EXHIBITS
ITEM 19. EXHIBITS 136 Index to Consolidated Financial Statements F-1 -3- PRESENTATION OF FINANCIAL AND OTHER INFORMATION All references to "U.S. dollars," "dollars," "$," "USD" or "US
quot; are to the U.S. dollar. All references to "Australian dollars," "AUD" or "Aquot; are to the Australian dollar, the official currency of Australia. All references to "IFRS" are to International Financial Reporting Standards, as issued by the International Accounting Standards Board, or the IASB. Unless otherwise indicated or the context otherwise requires, all references in this annual report to the terms "Nova," "the Company," "our," "us," and "we" refer to Nova Minerals Limited and its subsidiaries. All references to "shares" or "ordinary shares" refer to our ordinary shares. All references to "ADSs" refers to American Depositary Shares, each of which represents 60 ordinary shares; and "ADRs" refers to American Depositary Receipts, which evidence ADSs. All references to "ASX" refers to the Australian Stock Exchange and all references to "Nasdaq" refer to the Nasdaq Capital Market. Financial The consolidated financial statements cover Nova Minerals Limited and the entities it controlled at the end of, or during, the year ended June 30, 2024. The consolidated financial statements are presented in Australian dollars, which is Nova Mineral Limited's presentation and functional currency. We prepared our annual consolidated financial statements for fiscal years ended June 30, 2024, 2023 and 2022 in accordance with IFRS, as issued by the IASB. Unless otherwise noted, our financial information presented herein for the fiscal years ended June 30, 2024, 2023 and 2022 is stated in Australian dollars, our presentation currency. Solely for the convenience of the reader, this annual report on Form 20-F contains translations of some Australian dollar amounts into U.S. dollars at specified rates on the date indicated. No representation is made that the Australian dollar amou