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  "documentTitle": "Nova Minerals Limited (NVA)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2026-02-20 00:00:00",
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      "text": "ASIC Disqualifies Gutnick From Managing Companies For \"Acting Improperly\"",
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      "text": "Quantum Resources Limited Directors' Report and related party transactions table",
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      "text": "ASIC media release regarding Joseph Gutnick disqualification",
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      "text": "By way of background, Nova Minerals was previously named Quantum Resources Ltd. (ASX: QUR) which was headed by Joseph Gutnick (and later his son Mordechai Gutnick). The Gutnicks' are well known in the Australian mining industry for having created a fortune but with Joe Gutnick declaring bankruptcy in 2016. In 2024, the ASIC found that Joe Gutnick acted improperly as a director of three companies, including Axis Consultants Pty Ltd. Axis provided management services to Quantum Resources.",
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      "text": "ASIC disqualifies former ASX listed Merlin Diamonds director Joseph Gutnick for four years — Media Release (24-041MR)",
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      "kind": "source-note",
      "text": "Source: Quantum Changes Name To Nova Minerals (Dec 2017), ASIC Disqualifies Gutnick (March 2024), Gutnick Bankrupt Owing $275m (July 2016), Red emphasis by Spruce Point to highlight that Axis Consultants Pty Ltd. Provided management services to Quantum Resources (Quantum Annual Report (2015, note 17)).",
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      "text": "Nova Minerals Was Previously Quantum Resources",
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