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Enova Mining Limited ( (AU:ENV) ) has shared an announcement.
Enova Mining reported progress across its Brazilian critical minerals assets, with diamond drilling at the East Salinas project confirming ionic adsorption clay-style rare earth enrichment in thick surface saprolite that is amenable to leaching. The company said assays demonstrate pervasive REE mineralisation across multiple rock units and continuity at depth, reinforcing East Salinas as a priority target for further exploration and drilling.
At the CODA East and CODA Central projects, additional auger drilling further defined broad near-surface mineralisation in titanium, rare earths, and niobium, while ongoing work at CODA XN continues to expand the mineralised footprint. Enova also advanced deep diamond drilling at Charley Creek in the Northern Territory to follow up high-grade REE zones, and completed a strongly supported A$2 million placement to fund continued work across its critical mineral portfolio, underpinning its strategic position in the growing critical metals supply chain.
More about Enova Mining Limited
Enova Mining Limited is an ASX-listed exploration company focused on critical minerals, including rare earth elements, titanium, and niobium. The company’s primary projects are located in Brazil, notably the East Salinas and CODA tenement areas, as well as the Charley Creek project in Australia’s Northern Territory, targeting materials vital for sustainable technologies and advanced manufacturing.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.7M
Find detailed analytics on ENV stock on TipRanks’ Stock Analysis page.