PROJECTS
RARE EARTH ELEMENTS (REE) PROJECTS
Rare Earth Elements
Brazil’s rare earth sector is emerging as a significant player in the global market due to the country’s rich mineral reserves
The Brazilian government and mining companies are investing in the exploration and development of rare earth elements, which are crucial for high-tech industries and green technologies. Sustainable and responsible mining practices are being emphasised to minimise environmental impact and promote economic growth.
CODA
'World Class Clay Hosted REE Projects'
Area
License ID
Area (Ha)
CODA North
831369/2020
1,997.8
CODA North
831381/2020
1,537.6
CODA XS
831388/2020
1,999.6
CODA XN
831398/2020
1,807.8
CODA South
830691/2021
1,992.8
CODA South
830698/2021
1,997.4
CODA Central
830699/2021
1,999.8
CODA East
830737/2021
1,999.6
15,332.4
CODA TENEMENT
- Strategically located in Kamafugite volcanics within the Patos formation of the Cretaceous Mata Do Corda Group of Central Brazil
- Accessible, open, flat land areas available for exploration and drilling
- The prospective geological unit present in the CODA project is composed of the Patos Formation. It formed during the Upper Cretaceous period, when a massive volcanic event occurred in the western part of Minas Gerais state. The volcanic activity exhibited both effusive (lava flows) and explosive (pyroclastic deposits) eruptions. The predominant rock type in this formation is kamafugite, which is classified as an alkaline-ultramafic rock. High-grade rare-earth elements (REE) are also enriched in this formation
- Coda North tenements are located towards northwest of Patos de Minas town and Coda Central and East tenements are located toward the northeast of Patos de Minas town. Coda XN, XS and South tenements are located toward south-east of Patos de Minas town.
CODA NORTH
- Peak rare earth element (REE) assays are:
- 10,666 ppm TREO,
- 7,943 ppm TREO,
- 7,218 ppm TREO,
- 6,985 ppm TREO,
- 6,459 ppm TREO
CODA SOUTH
- CODA South the highest assaying REE drill intercepts were recorded until end of hole:
- 4.5m @ 4,157 ppm TREO
- 4m @ 4,401 ppm TREO
- 8m @ 3,608 ppm TREO
- 4m @ 3,567 ppm TREO
- To date auger drilling to 10m only, open at depth
Poços
‘World Class IAC Region’
#
License ID
Area (Ha)
1
832.174/2023
27.80
2
832.175/2023
37.22
3
832.177/2023
25.51
4
832.179/2023
21.49
5
830.652/2020
1,259.50
1,371.52
- Strategically located within and near to the Poços De Caldas Alkaline Complex
- Largest Alkaline Igneous Complex (massif) in Southern Hemisphere
- Extensive surface saprolite clay system on tenements
- Preliminary exploration complete
LITHIUM PROJECTS
Lithium Valley
- Highly prospective Lithium valley in Minas Gerais.
- Strategically located in Eastern Brazilian Pegmatite Province (EBPP).
- Enova’s Brazilian lithium valley projects are collocated within the same geological belt as multiple major lithium producers,
- Sigma lithium (TSX.V:SGML, NASDAQ:SGML)
- Latin resources (ASX: LRS)
- Rio Tinto (ASX: RIO)
Lithium Valley Prospectivity
- The Eastern Brazilian Pegmatite Province (EBPP) encompasses region of about 150,000 km2 from Bahia to Rio de Janeiro states, but more than 90% of its area is located in eastern Minas Gerais State, specifically in the geotectonic unit called Araçuaí orogen
- Lithium mineralisation (spodumene, lepidolite, petalite) occurs within a halo of pegmatite dikes and apophyses hosted within the rocks surrounding Neoproterozoic granitic intrusions of potential fertile granite.
- Enova’s strategy is to identify and define targets through regional exploration (hyperspectral image study, UAV geophysical survey, surface geochemical survey and geological mapping), followed by target testing and detail exploration
- Potential Rare Earth enriched granitoids, allanite hosted REE mineralisation and strong thorium anomaly in Santo Antônio (do Jacinto) project
East Salinas Project
#
License ID
Area (Ha)
1
832387/2023
1,911.25
2
832388/2023
1,979.57
3
832389/2023
1,962.85
4
832390/2023
1,984.33
5
832391/2023
1,953.97
6
832392/2023
1,978.60
7
832393/2023
1,921.12
8
832394/2023
1,970.25
9
832395/2023
1,985.44
10
832396/2023
1,267.47
11
832397/2023
1,824.46
12
832398/2023
1,980.40
13
22,719.71
Carai Project
#
License ID
Area (Ha)
1
832556/2023
1133.43
2
832557/2023
1648.74
3
832558/2023
689.22
4
832559/2023
1959.22
5
832560/2023
1920.42
6
832561/2023
1379.98
7
832562/2023
1020.04
8
832563/2023
1353.12
9
832564/2023
346.46
10
832565/2023
1792.75
11
832566/2023
1969.12
15812.80
Santo Antonio Project
#
License ID
Area (Ha)
1
832608/2023
1937.70
2
832609/2023
1698.09
3
832610/2023
1982.29
4
832611/2023
1720.24
5
832612/2023
1924.53
6
832613/2023
1985.72
7
832614/2023
1965.50
8
832615/2023
1347.99
9
832616/2023
1981.28
10
832617/2023
1937.25
11
832618/2023
1904.13
12
832619/2023
1093.28
13
832642/2023
1972.79
23450.79
Resplendor Project
#
License ID
Area (Ha)
1
832.946/2023
1,989.21
2
832.947/2023
1,976.81
3,966.02
