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Enova Mining Limited ( (AU:ENV) ) has shared an update.
Enova Mining Limited has announced promising high-grade rare earth element (REE) findings at its East Salinas Project in Brazil, with rock chip assays revealing total rare earth oxide (TREO) grades of up to 2.17%. This discovery underscores the project’s potential for high-value magnet REE development, particularly with significant neodymium-praseodymium oxide ratios and heavy rare earth oxides. The results enhance the geological confidence in the project and highlight the strategic value of the Naked Hill, Bald Hill, and Hairy Hill prospects as part of a potentially extensive mineralized system. With diamond drilling set to commence, Enova aims to further explore the depth continuity of mineralization, potentially elevating the project’s scale and impact on the rare earth market.
More about Enova Mining Limited
Enova Mining Limited is a company in the mining industry, focusing on the exploration and development of critical metals essential for a sustainable future. The company is particularly involved in the extraction and development of rare earth elements (REE), which are crucial for various high-tech and green energy applications.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.05M
Learn more about ENV stock on TipRanks’ Stock Analysis page.