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eNova Mining Limited (ASX:ENV)

ALERT: Price-sensitive ASX Announcement for ENV
Current share price for ENV : $0.002 0 (0%)+
Announcement
Release
12 Aug 2026 8:17AM
Price at Release
$0.002
Full Release
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Summary
Enova Mining Limited, an Australian company, continues to advance its drilling activities at the Naked Hill IAC REE Project in Brazil, with 35 drill holes completed so far. The project aims to delineate the extent of rare earth element mineralisation hosted in saprolite overlying the Medina Intrusive Granite Complex. The drilling program, consisting of approximately 200 auger holes, seeks to define the continuity and extent of mineralisation for resource delineation. Significant results from previous campaigns indicate promising levels of total rare earth oxides (TREO) with high percentages of neodymium and praseodymium (NdPr). The ongoing hydrometallurgical test work aims to evaluate extraction pathways and improve processing efficiencies. Enova is actively exploring its portfolio in Brazil, leveraging the country's supportive mining environment.
Key Points
  • 35 drill holes completed at Naked Hill-Bald Hill complex.
  • 1,172m of drilling completed across two programs.
  • More than 150 samples sent for assay and leach testing.
  • Current program includes around 200 auger holes.
  • Resource delineation drilling progressing at 6 - 8 holes per week.
  • Mineralisation hosted within saprolite overlying Medina Granite Complex.
  • Integrated mineral characterisation and test work for REE extraction underway.
  • Significant TREO and NdPr results from previous drilling.
  • Brazil offers a stable environment for mining investment.
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.