Enova Reports 25m at 14.54% TiO₂ and 26m at 3,428ppm TREO in Brazil

Expanding Critical Minerals Footprint in Brazil

Enova Mining Limited (ASX – ENV) has delivered a compelling update on its CODA Central Project in Minas Gerais, Brazil, revealing a significant expansion of high-grade titanium, rare earth elements (REE), and niobium mineralisation. Recent auger drilling results confirm widespread near-surface mineralisation across an extensive 12 square kilometre area, underscoring the project's potential as a strategically important multi-commodity critical minerals discovery.

The latest assays from drill holes CDC-AD-006 to CDC-AD-009 demonstrate standout titanium oxide (TiO₂) intercepts, including 25 metres at 14.54% TiO₂ starting just one metre below surface, with peak grades exceeding 20% TiO₂ in some intervals. These grades are complemented by rare earth element concentrations reaching up to 3,428 parts per million total rare earth oxides (TREO), accompanied by robust neodymium-praseodymium (NdPr) ratios above 20%, a key metric for critical rare earth quality.

Multi-Commodity Potential and Geological Continuity

In addition to titanium and REEs, the project has revealed significant niobium oxide (Nb₂O₅) mineralisation, with intercepts such as 24 metres at 916 ppm Nb₂O₅, further enhancing the project's multi-commodity appeal. The mineralised saprolite, a clay-rich weathered rock horizon, exhibits favourable characteristics for exploration and processing, with mineralisation remaining open both at depth and along strike. This suggests substantial upside potential for resource growth as Enova continues to delineate the deposit.

Geologically, the mineralisation is hosted within saprolitised kamafugite of the Patos Formation, a volcanic ultramafic unit known for its critical mineral endowment. The continuity of this mineralised horizon has been visually confirmed through drilling and chip logging, reinforcing confidence in the geological model and the prospect of scalable resource development.

Strategic Advancements and Next Steps

Enova is progressing metallurgical test work aimed at optimising processing strategies for the ferruginous saprolite, a crucial step toward defining the project's economic viability. Concurrently, exploration is expanding to the adjacent CODA East tenement, with initial auger drilling underway to extend the mineralisation footprint within this highly prospective package.

Importantly, the company is in the process of securing tenement transfers from RBM Consultoria Minera Ltda to Enova Brasil Ltda, expected to be completed shortly, which will consolidate Enova's operational control over the CODA project group. The proximity of existing power infrastructure further enhances the project's development prospects by potentially reducing future capital expenditure.

Positioning for the Global Energy Transition

With critical minerals such as titanium, rare earth elements, and niobium playing vital roles in clean energy technologies and advanced manufacturing, Enova's CODA Central Project is emerging as a strategically significant asset. The combination of high-grade near-surface mineralisation, multi-element potential, and a supportive jurisdiction in Brazil positions Enova well to contribute meaningfully to the global supply of these essential materials.

CEO Eric Vesel highlighted the significance of the results, noting that the exceptional grades and broad mineralisation zones underscore CODA Central's potential as a large-scale critical minerals discovery. As Enova advances its exploration and development programs, the market will be watching closely for further assay updates, resource delineation, and metallurgical outcomes that will shape the project's future trajectory.