Enova Mining Confirms Brazil Project Acquisition, Explores Rare Earth and Lithium Potential

Enova Mining Ltd (ASX: ENV) has confirmed its commitment to acquiring the Poços de Caldas REE and Lithium Valley Tenements in Brazil. A thorough due diligence process, led by Dr. Klaus Petersen and Geologist Leonardo Souza, revealed significant Saprolite Clay outcrops within Enova’s Poços REE project areas and numerous pegmatite outcrops in RESPLENDOR, CARAI, SANTO ANTÔNIO & SALINAS EAST, indicating potential lithium mineralization.

Enova Directors assert that the land package is prospective and valuable for exploration, offering a solid foundation for expanding operations in the mining-friendly environment of Minas Gerais, Brazil. The decision to proceed with the Option Agreement, subject to shareholder approval, is based on de-risking the project through successful due diligence. Enova plans to promptly begin exploration, prioritizing rare earth potential at Poços de Caldas and focusing on litiniferous minerals in Carai. The company also welcomes the expertise of Option Agreement vendors as future stakeholders, emphasizing its commitment to Charley Creek rare earth project development.

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