Enova Mining Ltd (ASX: $ENV) due diligence update

Enova Mining Ltd (ASX: $ENV) has commenced due diligence for the recently announced CODA Project acquisition. The due diligence program began early this week, with the team currently conducting geological investigations at the project sites. Enova has appointed an experienced senior exploration and resource geologist as the Exploration Manager to assist with the process. Discussions are also underway with drilling contractors and local landowners to strategically expand existing tenements.

Executive commentary on due diligence progress

Enova is pleased with the progress of the due diligence at the CODA Project. The team has started the review of the data room and is now actively engaged in field investigation work. The company's Exploration Manager will focus on verifying the completeness of the historical diamond drill holes data and interpreting its geological significance. Additionally, the team will assess the auger drilling site and samples, map significant REE outcrops, and plan forthcoming exploration and drilling programs.

Summary of Enova's due diligence progress and future plans

Enova Mining Ltd (ASX: $ENV) is making significant strides in the due diligence process for the CODA Project acquisition. The company aims to fast-track an exploration campaign pending the completion of due diligence and commitment to acquisition. Enova plans to leverage the established exploration services and experienced personnel in the Minas Gerais region to expedite their plans. The company will continue to update the market regarding findings from the due diligence program as they become available. Enova's future steps include reviewing all findings from the due diligence and exploration campaign proposals to provide recommendations and advise the market accordingly.