Enova Mining Unveils High-Grade Titanium Breakthroughs at CODA Projects
Enova Mining reports significant high-grade titanium discoveries at its CODA North and Central projects in Brazil, supported by a $1.5 million placement to accelerate exploration and development.
- 3,398m drilling completed at CODA North and Central with multiple intercepts exceeding 15% TiO2
- Strong continuity of titanium mineralisation linked with rare earth elements in Patos Formation
- $1.5 million placement completed to fund ongoing exploration and metallurgical test work
- Charley Creek exploration license progressing with planned deep drilling for rare earths
- Lithium Valley project field investigations underway targeting rare element enrichment
Robust Drilling Results at CODA North and Central
Enova Mining Limited has delivered a compelling update on its March 2025 quarter activities, highlighting major high-grade titanium discoveries at its CODA North and Central projects in Minas Gerais, Brazil. The company completed a total of 3,398 metres of drilling comprising 24 diamond and 46 reverse circulation (RC) holes. These efforts have yielded multiple significant intercepts with titanium dioxide (TiO2) grades exceeding 15%, underscoring the strong mineralisation continuity across these tenements.
Notably, CODA North returned intercepts such as 54 metres at 9.03% TiO2 from surface, including 16 metres at 16.1% TiO2, and diamond drilling revealed 48 metres at 12.1% TiO2 with a high-grade core of 14 metres at 19.2% TiO2. CODA Central’s results reinforced this trend with RC drill intercepts like 38 metres at 11.13% TiO2, including 4 metres at 17.5% TiO2. These grades are significant for titanium projects and suggest a robust resource potential.
Rare Earth Element Potential Enhances Project Value
Beyond titanium, the assays indicate a geochemical association between TiO2 and rare earth elements (REEs) within the Patos Formation, a key stratigraphic unit in the region. This correlation opens the possibility of co-extracting titanium alongside valuable REEs, which are critical for high-tech and clean energy applications. Enova’s exploration strategy thus positions CODA as a multi-commodity project with enhanced economic prospects.
The company is advancing metallurgical test work and engineering studies to better understand the extractive metallurgy and processing pathways for these combined resources. This integrated approach could unlock greater value and attract strategic interest in the evolving critical minerals sector.
Progress on Australian and Lithium Projects
In Australia, Enova’s Charley Creek project in the Northern Territory is progressing through regulatory milestones, with the modified exploration license application under government assessment. The company plans a deep drilling campaign targeting basement rock to delineate rare earth mineralisation, building on promising earlier air-core drilling results.
Meanwhile, at the Lithium Valley project in Minas Gerais, Brazil, field investigations continue with a focus on identifying geochemical anomalies and rare element enrichment zones. Preliminary magnetic data and geological mapping have highlighted structural features that may control mineralisation, guiding future sampling and drilling efforts.
Capital Raising and Corporate Developments
To support its exploration and development activities, Enova completed a $1.5 million placement during the quarter, issuing shares at $0.0035 each with attaching options exercisable at $0.012. The funds are earmarked for advancing the CODA and Charley Creek projects, as well as ongoing exploration at Lithium Valley.
Additionally, Leonard Math was appointed as Company Secretary, bringing over 15 years of resources industry experience and a strong background in corporate governance and compliance. This leadership change aligns with Enova’s growth trajectory and operational maturity.
CEO Eric Vesel expressed optimism about the quarter’s outcomes, emphasizing the company’s strong positioning to unlock value from its portfolio and the anticipation of further assay results and exploration milestones in the coming months.
Bottom Line?
Enova’s high-grade titanium and rare earth discoveries at CODA set the stage for a pivotal exploration phase, with funding and corporate support underpinning its strategic ambitions.
Questions in the middle?
- How will upcoming metallurgical test results influence the economic viability of co-extracting titanium and rare earths?
- What is the timeline for resource delineation drilling and potential maiden resource estimates at CODA?
- How might regulatory progress at Charley Creek impact Enova’s Australian rare earth ambitions?