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Enova Mining Limited ( (AU:ENV) ) has issued an update.
Enova Mining Limited has commenced Phase 2 of its surface sampling program at the East Salinas Medina Granitic Complex in Brazil, targeting high-priority zones with up to 1.87% total rare earth oxides. The initiative aims to refine drill targets by employing a tighter sampling grid and collecting bulk samples for metallurgical testing. This strategic move is expected to enhance Enova’s geological understanding and support the preparation for drilling, scheduled to start by the end of July, thereby strengthening its position in unlocking the rare earth potential of the project.
More about Enova Mining Limited
Enova Mining Limited operates in the mining industry, focusing on the exploration and development of critical metals essential for a sustainable future. The company is primarily engaged in the extraction of rare earth elements, with a significant focus on medium and heavy rare earth elements, which are crucial for various high-tech and clean energy applications.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.93M
See more data about ENV stock on TipRanks’ Stock Analysis page.