Enova Mining reports significant exploration drilling advances at CODA North project

Enova Mining Ltd (ASX:ENV) has successfully completed 14 diamond drill (DD) holes and 21 reverse circulation (RC) drill holes at the CODA North project. Over 1,500 samples from the project's high-grade rare earth element (REE) potential are currently at SGS Geosol laboratory in Vespasiano for assaying, with the first batch of results expected by mid-September. Enova is now focusing on the next phase of resource definition drilling to expand and fine-tune the potential high-grade REE zones.

Enova Mining CEO Eric Vesel on current drilling progress

Exploration drilling has gained traction over the last month and is rapidly uncovering significant intercepts of potential REE mineralisation in kamafugite host rock. Our decision to add a diamond drill rig in mid-July underscores our commitment to accelerating the campaign, advancing the project to the next phase by defining and expanding the mineralised zones for detailed resource estimation. Our team is confident and capable of defining and establishing a scalable high-grade project at CODA North in a short-time frame. CODA North holds strong potential to establish Enova as a major player in the REE sector, significantly enhancing the global supply of critical rare earth metals.

Exploration progress and outlook at CODA North

Enova Mining has made significant progress in exploration drilling at the CODA North project, uncovering potential REE mineralisation in kamafugite strata. The ongoing sample assay analysis at SGS Geosol laboratory is expected to validate the geological continuity and enhance the resource potential of the project. Enova's focus on the next phase of resource definition drilling aims to pave the way for a scoping study for eventual economic extraction of REE minerals. The company's ambitions to establish a scalable high-grade project at CODA North and enhance the global supply of critical rare earth metals position it for significant growth in the REE sector.