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eNova Mining Limited (ASX:ENV)

ALERT: Price-sensitive ASX Announcement for ENV
Current share price for ENV : $0.003 -0.004 (-57.14%)+
Announcement
Release
1 Dec 2025 8:27AM
Price at Release
$0.007
Full Release
download
Summary
Enova Mining Limited has initiated a diamond drilling program at the East Salinas Project in Brazil as part of its exploration efforts to validate high-grade rare earth element (REE) targets. The project focuses on the Naked Hill, Bald Hill, and Hairy Hill sites within the Medina Granitic Complex, aiming to confirm the continuity of mineralization. Initial rock chip assays have shown promising results with high Total Rare Earth Oxide (TREO) content, bolstering the potential for significant REE discovery. The company plans to drill approximately 1,000 meters to better understand the mineralization and support ongoing metallurgical studies. Enova is leveraging its expertise in Brazil to advance this project efficiently while exploring potential extensions of mineralized zones.
Key Points
  • Initial diamond drilling commenced at East Salinas Project.
  • Focusing on high-grade REE targets at Naked Hill, Bald Hill, and Hairy Hill.
  • Rock chip assays revealed up to 2.17% TREO content.
  • Planned drilling includes 10-15 holes with depths of 50 to 100 meters over a 4 km strike.
  • Project aims to validate continuity of REE mineralization and explore extensions.
  • Brazilian geological expertise supports efficient project advancement.
  • Potential for valuable by-products like neodymium and niobium.
  • Part of Enova's strategy to expand its critical minerals portfolio.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.