Pending Assays and Tenement Transfer Pose Key Risks for Enova’s CODA Project
Enova Mining advances its CODA Central project in Brazil with six auger holes completed, targeting promising titanium and rare earth mineralisation. Assay results are anticipated by late July, alongside ongoing metallurgical testing to unlock processing pathways.
- Six auger holes totaling 121m completed at CODA Central
- Samples submitted for geochemical analysis with results expected late July 2025
- Metallurgical testing underway on 270kg composite sample
- Drilling confirms potential near-surface mineralisation open at depth and along strike
- Tenement transfer to Enova Mining progressing with regulatory approval pending
Exploration Progress at CODA Central
Enova Mining Limited (ASX – ENV) has reported significant progress in its exploration activities at the CODA Central Project in Minas Gerais, Brazil. The company has completed six auger drill holes totaling 121 metres, targeting ferruginous kamafugite saprolite; a rock type known to host titanium and rare earth element (REE) mineralisation in this region. These shallow holes, reaching depths of up to 26 metres, aim to delineate near-surface mineralised zones that could underpin future resource development.
Sampling and Analytical Work Underway
Enova has collected 107 samples, including quality assurance and control (QA/QC) measures, which have been submitted to the SGS Laboratory in Minas Gerais for detailed geochemical analysis. The results, expected by late July 2025, will provide critical insights into the distribution and concentration of titanium and rare earth elements within the saprolitic profile. Concurrently, a 270-kilogram composite sample is undergoing metallurgical testing at Mineral Technologies in Brisbane, while mineral characterisation and magnetic separation studies are being conducted at CIT Senai in Belo Horizonte. These efforts are designed to evaluate processing options that could reduce costs and improve recovery rates.
Geological Context and Potential
The CODA Central area features a well-exposed profile of saprolitised kamafugite, characterised by a reddish-brown weathered surface and vertical zoning of clay-rich material. This weathered ultramafic rock is considered highly prospective for hosting clay-bound rare earth elements and titanium mineralisation near the surface. The vertical drill holes, oriented perpendicular to the mineralised horizons, have intersected this saprolitic unit consistently, suggesting that the mineralisation remains open at depth and along strike. This bodes well for future resource expansion and further drilling campaigns.
Regulatory and Strategic Developments
Enova is in the process of securing the transfer of the CODA tenements from RBM Consultoria Minera Ltda, with approvals from Brazil’s National Mining Agency (ANM) expected imminently. Brazil’s stable mining jurisdiction, combined with its advanced infrastructure and skilled workforce, provides a supportive environment for Enova’s exploration and development ambitions. The company also continues to advance other projects, including East Salinas and Charley Creek, while actively reviewing new opportunities in the critical minerals sector.
Looking Ahead
With assay results pending and metallurgical test work progressing, Enova is poised to refine its geological model and processing strategies at CODA Central. The next phase will likely involve expanded drilling to better define mineralisation continuity and resource potential. These developments will be closely watched by investors seeking exposure to critical minerals essential for clean energy technologies.
Bottom Line?
Enova’s CODA Central drilling and testing mark a pivotal step toward unlocking a promising titanium-rare earth deposit in Brazil’s mining heartland.
Questions in the middle?
- What will the assay results reveal about the grade and distribution of titanium and rare earth elements?
- How will metallurgical test outcomes influence the economic viability and processing approach?
- When will the tenement transfer be finalized, and how might this impact project timelines?
