Enova Mining Unveils High-Grade Rare Earth Discoveries and Strategic Expansion Plans

Exploration Momentum at CODA Central

Enova Mining has taken significant strides in its maiden exploration program at the CODA Central project in Brazil, deploying an in-house auger drilling rig to efficiently target near-surface titanium and rare earth element (REE) mineralisation within the Patos Formation. With 15 drill holes completed, including nine auger holes covering 169 metres, early assay results are guiding the company’s understanding of mineral distribution and informing plans for deeper drilling campaigns. This systematic approach aims to delineate high-priority zones of titanium and REE enrichment, alongside valuable by-products such as niobium and scandium.

East Salinas Emerges as a High-Value REE Asset

The East Salinas project in Minas Gerais, Brazil, continues to impress with rock chip samples returning rare earth oxide grades as high as 1.87% TREO. Notably, the neodymium-praseodymium oxide (NdPr) ratio reached a standout 38.8%, underscoring the magnetic rare earth potential critical for electric vehicle motors and renewable energy technologies. Granite outcrops at Naked Hill and Bald Hill present scalable, near-surface targets with promising coarse-grained leuco-granite mineralisation. Ongoing Phase 2 sampling and bulk sample collection are designed to refine drill targets and support metallurgical test work aimed at developing low-cost gravity concentration processing routes.

Advancing Metallurgical Insights and Processing Strategies

Metallurgical test work is progressing across Enova’s portfolio, with key activities underway at laboratories in Brazil, Australia, and Malaysia. Preliminary grindability and magnetic separation tests at CIT Senai and Mineral Technologies Brisbane are complemented by acid leaching and solvent extraction trials targeting REE, scandium, and niobium recovery. Early indications suggest that gravity concentration following coarse milling could be a viable, cost-effective processing method, particularly for East Salinas’ mineralisation. These efforts are critical to de-risking future development and optimizing resource extraction.

Regulatory Progress and Project Development in Australia

In the Northern Territory, Enova is advancing its Modified Exploration Licence and Sacred Site Clearance Certificate applications for the Charley Creek project. The company secured an 18-month extension on its existing clearance certificate, ensuring continued access for exploration activities. Concurrently, a mineral processing improvement study conducted by IHC Brisbane has been completed, with results under review to determine the best pathway for heavy mineral concentration. These regulatory and technical milestones are essential for enabling structured exploration and potential resource development.

Corporate Strategy and Financial Position

Enova remains actively engaged in identifying strategic acquisition opportunities that complement its existing critical minerals portfolio. The company’s focus on rare earth elements and battery metals aligns with global demand trends driven by clean energy transitions. Financially, Enova reported exploration expenditure of $216,000 for the quarter and ended with cash reserves of $531,000. Management signals readiness to raise additional equity funding as required to sustain and accelerate its exploration and development programs.