Argonaut acted as Lead Manager to recapitalise Anova Metals Limited by raising $7.4 million under a placement, entitlement offer in late 2020 and an earlier $4.3 million placement and entitlement in the same year. Funds from both Offers were used to recommence exploration of Anova Metals Limited’s Big Springs Project in Nevada, USA.

Anova Metals Limited (ASX:AWV) is an advanced gold exploration company that wholly owns the Tier 1 Big Springs Gold Project in Nevada which unearths Carlin-style gold deposits 80km north of Elko. Through comprehensive geophysical surveys, hyperspectral remote sensing re-interpretation, along with historic IP survey data and results of current diamond drilling, geochemistry and ground mapping, Anova Metals Limited continues to upgrade and extend their gold resources as well as carry out focused exploration for new resource discoveries.