Enova Mining's Progress at CODA North

Enova Mining Ltd (ASX:ENV) has reported significant progress at CODA North, with high-grade drilling intercepts reinforcing the project's strong potential. The company has completed 21 diamond drill (DD) holes and 32 reverse circulation (RC) holes, with over 1,500 samples undergoing assay analysis at the SGS Geosol laboratory in Brazil. The results include high-grade rare earth element (REE) mineralisation, positioning the project to meet rising global demand for rare earth elements.

Executive Commentary

Our recent drilling results at CODA North again reinforce our belief in the project's exceptional potential. The mineralised zone thickness and high-grade REE intercepts we've encountered not only validate our exploration strategy but also highlight the significant resource potential across the tenement area. After my recent visit to our project sites, it is apparent the CODA tenements are uniquely situated on sparsely populated and low yield agricultural areas, ideal for rapid project development. These conditions underscore the strategic value of CODA North and our commitment to continuing exploration on the project. With ongoing work we are confident that additional results will continue to strengthen the resource potential. Our team's dedication and the high-quality of their work are pivotal to the campaign, as we further work to unlock the full potential of CODA North and deliver substantial value to our shareholders.

Summary of Enova Mining's Announcement

Enova Mining's announcement highlights the significant progress at CODA North, with high-grade drilling intercepts and extensive mineralisation. The company's ongoing evaluations of further holes are expected to reveal additional resource potential, strengthening confidence in the geological continuity and supporting future exploration, resource classification, and development plans. The high TREO grades position the project to meet rising global demand for rare earth elements. Enova plans to continue its exploration efforts at the CODA North project, leveraging the successful high-grade drilling intercepts to guide further investigations and aims to expand its understanding of the mineralised zones and identify additional high-value targets within the Patos formation. The company is committed to meticulous sample preparation and maintaining the integrity of the samples to drive the exploration efforts forward, supporting the goal of uncovering significant mineral resources at the CODA North project.