Lithium Valley Projects – Carai and Resplendor Project

Located in the heart of the “Lithium Valley” in eastern Minas Gerais, our projects lie within the same fertile corridor as major producers including Sigma Lithium (NASDAQ: SGML), Latin Resources (ASX: LRS), and Rio Tinto (ASX: RIO).

The EBPP spans over 150,000 km², with more than 90% of its known lithium-bearing geology located within Minas Gerais. Mineralisation in this region is typically associated with spodumene, lepidolite, and petalite hosted in pegmatite dikes and sills, formed around fertile Neoproterozoic granitic intrusions within the Araçuaí Orogen. This geotectonic setting is recognised for its lithium fertility and underpins Enova’s confidence in the district’s exploration potential.

Our exploration strategy is designed to rapidly and efficiently define lithium-bearing systems through the integration of modern techniques, including hyperspectral imaging, UAV-based geophysics, surface geochemical sampling, and geological mapping. This regional targeting is followed by systematic drilling to define and prioritise zones for development.

Enova’s Carai and Resplendor Projects are strategically located within Brazil’s prolific Lithium Valley in Minas Gerais—home to some of the world’s most significant lithium discoveries.. These greenfield assets lie in close proximity to tier-one lithium projects such as Sigma Lithium’s Grota do Cirilo and Latin Resources’ Salinas Project, placing Enova in a high-potential exploration corridor. With multispectral surveys, mapping, and geochemical sampling underway, Carai has been prioritised for early-stage exploration targeting lithium bearing minerals and REE. These projects offer a compelling opportunity to expand Enova’s footprint in the global battery metals supply chain, leveraging Brazil’s mining-friendly environment and world-class infrastructure.