Enova Mining Limited is an Australian exploration company focused on identifying and developing high-potential mineral assets. The company undertakes geological exploration, drilling, and technical studies to advance early-stage projects toward economic viability.
Enova Mining Limited (ASX:ENV)
ENV
Lead Manager
Contact - Kirwan Mactaggart
0448237054
kirwan@liquidity.com.au
Offer Price
A$0.0060
per share
Offer Size
A$1,000,000
Offer Details
Issue Price (Per Share)
A$0.0060
Discount
14.29%
Offer Size
A$1,000,000
Shares Available
166,666,666
Private Placement Offer to raise up to $1.00M at an issue price of $0.006.
Options
The placement offer comes with 1 for 2 free attaching options under the existing listed option class ENVO, exercisable at $0.012, expiring 29th December 2028.
Discount
- 14.3% discount to the Last Price of $0.007
Documents & Downloads
Company Overview
Enova Mining Limited is an ASX-listed company pursuing critical minerals exploration and development opportunities globally. Enova Mining owns 100% of the Charley Creek Project with a 2014 JORC resource of 803Mt @ 292 ppm. Enova holds the advanced district-sized ionic clay CODA project in Minas Gerais, Brazil as well as the Pocos project situated within the Caldera REE complex. The company also owns 100% of multiple prospective Ionic Clay REE and Lithium spodumene tenements across 82,911 ha, located in Brazil’s prolific Pocos de Caldas/ Caldera Rare Earth Complex and Lithium Valley in the mining-friendly state of Minas Gerais.
Use of Funds
Use of Funds
1
Drillling at East Salinas REE Project
2
Deep Diamond drilling at Charlie Creek
3
Corporate and Marketing
4
General Working Capital Purpose
Salinas East – Brazil REE Project (Significant IAC REE Discovery)
The East Salinas Project, located within the highly prospective Medina Intrusive Complex, represents a new REE discovery following successful scout drilling. Initial diamond drilling has identified extensive near-surface REE mineralisation hosted within thick saprolite clays exhibiting ionic adsorption clay (IAC) characteristics, a style associated with low-cost extraction. Assays from the first four drill holes have returned broad, high-grade intercepts including:
- 12m @ 2,741ppm TREO and 23% NdPr from surface (EAS-DD-0001)
- 8m @ 1,482ppm TREO and 22.1% NdPr from surface (EAS-DD-0002)
- 13m @ 1,654ppm TREO and 16.8% NdPr from surface (EAS-DD-0003)
- 7m @ 3,467ppm TREO and 21.5% NdPr from surface (EAS-DD-0004)
- Peak grade of 5,058ppm TREO @ 25% NdPr from 1 - 2m (EAS-DD-0004)
All holes intersected continuous saprolite clay horizons, demonstrating scale and consistency across multiple targets. Preliminary IAC leach testing has delivered strong metallurgical results, with peak recoveries of 61% NdPr, 63% DyTb, 62% SEG and 60% HREO(+Y) from near-surface saprolite clay. Mineralisation is supported by anomalous surface trends extending over 4km and remains open along strike and at depth, with assays pending from the remaining drill holes.
Board & Management
Dato’ Sia Hok Kiang
Non-Executive Director Chairman
Dato’ Sia brings overs 30 years of international experience as an economic geologist, with a strong track record in mineral exploration and development across Asia and beyond. He is the Managing Director of Malaco Mining Sdn. Bhd., a successful Malaysian private mining company. He holds a degree in Applied Geology from the University of Malaya and is an active member of the Geological Society of Malaysia, as well as a Council Member of the Malaysian Chamber of Mines.
Eric Vesel
Executive Director and CEO
Eric Vesel is a qualified Mining Engineer (M.AusIMM), he brings 38 years of diverse professional experience across the global mining industry. Mr Vesel’s career spans a wide range of technical, operations, managerial, and corporate roles. He has worked with both junior and major mining companies in Australia, Namibia, Papua New Guinea, Indonesia, the CIS and Malaysia. He was formerly Chief Operating Officer for Avocet Mining PLC, where he gained substantial international project development and operational experience.
Stan Wassylko
Non-Executive Director
Stan Wassylko brings over 46 years of experience in the resources sector, with a strong focus on logistics, shipping, infrastructure, project construction, contract management, and marketing. He has worked extensively across businesses that service the mining industry, developing a broad and practical skillset that supports project delivery from planning through to execution.
Stan Wassylko
Non-Executive Director
Harun Halim Rasip brings decades of experience in finance, corporate governance, and infrastructure development across Southeast Asia. A retired Fellow of the Institute of Chartered Accountants Australia and a member of the Malaysian Institute of Accountants.
He has held several high-profile governance roles including membership of the Executive Committee of the Federation of Public Listed Companies Bhd. Malaysia (2004-2010), and service on its Technical & Regulatory Committee and Accounting Standards Sub-Committee (2003-2010). He has also served as Chairman of Landmarks Bhd., as a Non-Executive Independent Director of iCapital Biz Bhd., and as a Director of several other Malaysian companies.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Enova Mining Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Enova Mining Limited.
