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Enova Mining kicks off REE resource delineation drilling at Naked Hill

ASX News, Materials
ASX:ENV      MCAP $3.961M
28 July 2026 09:13 (AEST)

Auger site BAH-AD-001 in Bald Hill target, East Salinas.

Enova Mining (ASX:ENV) has kicked off resource delineation drilling at the Bald Hill rare earth element (REE) prospect within the Naked Hill project in Brazil.

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The current program comprises 198 auger holes to be completed in three phases and is designed to define the extent and continuity of saprolite-hosted rare earth element (REE) mineralisation and support resource delineation.

Previous diamond and auger drilling confirmed ionic adsorption clay (IAC) amenability of REE-bearing saprolite from surface across multiple holes.

CEO, Eric Vesel, said integrated mineral characterisation and hydrometallurgical test-work for selective REE extraction, led by Alexandre Rocha Da Rocha and Geological Consultores Associados, is progressing.

“Enova’s priority is to establish ionic adsorption clay (IAC) rare earth element (REE) resources at the Naked Hill project,” he said.

“Resource delineation drilling is underway at the Bald Hill Prospect, following previous diamond and auger drilling that confirmed extensive saprolite-hosted REE mineralisation and ionic adsorption clay (IAC) amenability. The current program is designed to define the extent and continuity of the mineralised saprolite and support future resource delineation.

“While progressing stakeholder engagement at East Salinas, Enova completed regional field reconnaissance, geochemical sampling and auger drilling across the East Salinas tenements and the Santo Antonio do Jacinto, Carai and Resplendor projects. These programs advanced regional target generation, satisfied work obligations and supported the ongoing assessment of Enova’s Brazilian tenement portfolio.”

The auger drilling program will be completed in three phases, with each phase guiding the next stage of drilling. Phase 1 comprises 61 holes on a 200m by 200m grid. Phases 2 and 3 comprise the remaining holes on 100m by 100m grid.

The program is designed to define the extent and continuity of saprolite-hosted REE mineralisation across the Bald Hill, Naked Hill, Hairy Hill and Flat Hill prospects. Results from each phase will be used to refine the geological model and support resource delineation.

ENV was steady at 0.2¢. Mkt cap $3.961M.

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