Nova Minerals (ASX:NVA) has commenced its 2023 drill program in the RPM area of its Estelle Gold District in Alaska.

The company said using an average of 3 diamond rigs, the project aims to drill approximately 15,000m to extend the size and confidence in its 9.9 Moz gold resource.

It also said it's exploring its potential listing options on a major US stock exchange due to the discrepancy in valuation with its North American peers.

Furthermore, Nova Minerals is expected to complete its Snow Lake Lithium Preliminary Economic Assessment of the Thompson Brothers & Grass River lithium projects by July 2023.