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The latest update is out from Enova Mining Limited ( (AU:ENV) ).
Enova Mining has completed more than 65% of its first-phase diamond drilling program at the East Salinas rare earth project in Brazil, advancing 652.21 metres across eight holes at the Bald Hill and Naked Hill prospects and now drilling a ninth hole at Hairy Hill. The 1,000-metre, 10–15-hole campaign is designed to test the depth and continuity of multiple high-priority REE targets along a 4km strike, following surface work that returned up to 2.17% TREO and elevated NdPr and heavy rare earth grades; early assay results expected in February are set to guide follow-up drilling and metallurgical test work, potentially underpinning a commercially viable concentrate and strengthening Enova’s positioning as an emerging REE player within Brazil’s strategically important Lithium Valley district.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.
More about Enova Mining Limited
Enova Mining Limited is an ASX-listed resources company focused on critical metals, with a particular emphasis on high-grade rare earth element (REE) projects. Its flagship East Salinas Project in Brazil lies within the Medina Granitic Complex in the northern part of the Lithium Valley mineralised district, benefiting from established infrastructure and targeting strategic REE products such as NdPr and heavy rare earth oxides for sustainable technologies.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.05M
See more insights into ENV stock on TipRanks’ Stock Analysis page.