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Enova Mining Limited ( (AU:ENV) ) has shared an update.
Enova Mining Limited has commenced a deep diamond drilling campaign at its Cattle Creek target within the Charley Creek rare earths project in the Northern Territory, aiming to test the hard rock potential of gneissic granite bedrock beneath alluvial cover. The program will comprise seven holes totaling 450–500 metres, following up earlier air-core work that intersected notable total rare earth oxide mineralisation in weathered bedrock.
The Cattle Creek program marks the first concerted effort to explore hard rock rare earth mineralisation within the Charley Creek alluvial outwash area and is expected to take several weeks, with additional time required for sample preparation and assaying. In parallel, Enova is advancing metallurgical test work on Charley Creek alluvial samples to resolve identified variability and recovery issues, including investigating process improvements such as enhanced particle size control and high‑g centrifugal concentrators, which could be important for future project viability and stakeholder outcomes.
More about Enova Mining Limited
Enova Mining Limited is an Australian-listed resources company focused on critical metals for a sustainable future, with a particular emphasis on rare earth elements. The company’s flagship Charley Creek project in the Northern Territory targets recovery of rare earth-bearing minerals such as monazite and xenotime from extensive alluvial outwash deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.67M
For an in-depth examination of ENV stock, go to TipRanks’ Overview page.