1. Limited financial resources - Nova Minerals Ltd may have fewer financial resources compared to its peers, which can limit its ability to invest in growth opportunities or compete effectively in the market.

2. Lack of brand recognition - The company may have lower brand recognition compared to its peers, which can make it more challenging to attract customers or secure partnerships.

3. Limited market share - Nova Minerals Ltd may have a smaller market share compared to its peers, which can limit its ability to influence industry trends or negotiate favorable terms with suppliers.

4. Lack of diversified product portfolio - The company may have a limited range of products or services compared to its peers, which can make it more vulnerable to changes in market demand or industry disruptions.

5. Weaker distribution network - Nova Minerals Ltd may have a less extensive or efficient distribution network compared to its peers, which can result in slower delivery times or higher costs for customers.

6. Lower economies of scale - Due to its smaller size, Nova Minerals Ltd may not benefit from the same economies of scale as its larger peers, which can result in higher production costs and lower profit margins.