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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended June 30,2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report ___________________

For the transition period from ______________ to ______________

Commission file number:001-42132

NOVA MINERALS LIMITED

(Exact name of Registrant as specified in its charter)

Not applicable

(Translation of Registrant’s name into English)

Australia

(Jurisdiction of incorporation or organization)

Suite 5, 242 Hawthorn Road,

Caulfield, Victoria 3161

**Australia

+61 3 9537 1238

(Address of principal executive offices)

Christopher Gerteisen

Chief Executive Officer

Suite 5, 242 Hawthorn Road,

Caulfield, Victoria 3161

Australia

+61 3 9537 1238

chris@novaminerals.com.au

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Copies to:

Jeffrey J. Fessler, Esq.

Greg Carney, Esq.

Sheppard, Mullin, Richter & Hampton LLP

30 Rockefeller Plaza

New York, NY 10112

Telephone: (212) 653-8700

Facsimile: (212) 653-8701

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
American Depositary Shares, each representing 60 ordinary shares, no par valueNVANasdaq Capital Market
Ordinary shares, no par value*N/A
Warrants to purchase American Depositary Shares, no par valueNVAWWNasdaq Capital Market
*Not for trading, but only in connection with the registration of the American Depositary Shares pursuant to requirements of the Securities and Exchange Commission

Securities registered or to be registered pursuant to Section 12(g) of the Act:None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:None

The number of outstanding shares as of September 19, 2025 was 401,501,417 ordinary shares.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Note– Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☐Accelerated Filer ☐Non-accelerated Filer ☒Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report:☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP☐
International Financial Reporting Standards as issued by the International Accounting Standards Board☒
Other☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐No ☒
TABLE OF CONTENTSPage
Presentation of Financial and Other Information4
PART I10
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT A2ND ADVISERS10
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE10
ITEM 3. KEY INFORMATION10
A.[Reserved]
B.Capitalization and Indebtedness10
C.Reasons for the Offer and Use of Proceeds10
D.Risk Factors10
ITEM 4. INFORMATION ON THE COMPANY37
A.History and Development of the Company37
B.Business Overview38
C.Organizational Structure70
D.Property, Plants and Equipment71
ITEM 4A. UNRESOLVED STAFF COMMENTS71
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS72
A.Operating Results72
B.Liquidity and Capital Resources78
C.Research and Development, Patents and Licenses, etc.80
D.Trend Information80
E.Critical Accounting Estimates80
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES82
A.Directors and Senior Management82
B.Compensation84
C.Board Practices91
D.Employees95
E.Share Ownership95
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS95
A.Major Shareholders95
B.Related Party Transactions97
D.Interests of Experts and Counsel98
ITEM 8. FINANCIAL INFORMATION98
A.Consolidated Statements and Other Financial Information98
B.Significant Changes98
ITEM 9. THE OFFER AND LISTING99
A.Offering and Listing Details99
B.Plan of Distribution99
C.Markets99
D.Selling Shareholders99
E.Dilution99
F.Expenses of the Issue99
ITEM 10. ADDITIONAL INFORMATION99
A.Share Capital99
B.Memorandum and Articles of Association99
C.Material Contracts118
D.Exchange controls118
E.Taxation119
F.Dividends and Paying Agents128
G.Statement by Experts128
H.Documents on Display128
I.Subsidiary Information128

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ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK128
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES129
PART II131
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES131
A.Defaults131
B.Arrears and Delinquencies131
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS131
ITEM 15. CONTROLS AND PROCEDURES131
A.Disclosure Controls and Procedures131
C.Attestation Report of the Registered Public Accounting Firm132
D.Changes in Internal Control Over Financial Reporting132
ITEM 16. [RESERVED]132
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT132
ITEM 16B. CODE OF ETHICS132
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES133
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES133
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS133
ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT133
ITEM 16G. CORPORATE GOVERNANCE134
ITEM 16H. MINE SAFETY DISCLOSURE135
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS135
ITEM 16J. INSIDER TRADING POLICIES135
ITEM 16K. CYBERSECURITY135
PART III136
ITEM 17. FINANCIAL STATEMENTS136
ITEM 18. FINANCIAL STATEMENTS136
ITEM 19. EXHIBITS136
Index to Consolidated Financial StatementsF-1

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.