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Enova Mining Limited ( (AU:ENV) ) has issued an update.
Enova Mining Limited has announced the commencement of drilling at the East Salinas Project in Brazil, targeting high-grade rare earth element (REE) mineralisation. The drilling campaign, which includes up to 15 diamond holes, aims to explore the depth continuity of mineralisation across a 4km strike. This initiative follows the completion of a tightened grid rock chip sampling program, with results expected by late August 2025. The project is strategically positioned away from communities, facilitating permitting processes. The exploration is part of Enova’s broader strategy to unlock the rare earth potential of the Medina Granitic Complex, with ongoing metallurgical testing supporting low-cost processing pathways.
More about Enova Mining Limited
Enova Mining Limited is a company operating in the mining industry, focusing on critical metals essential for a sustainable future. The company is engaged in the exploration and development of rare earth elements (REE), with a particular emphasis on high-grade mineralisation projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.2M
Find detailed analytics on ENV stock on TipRanks’ Stock Analysis page.