A few points out of the last couple of CODA announcements.
During May, our exploration team had an opportunity to review the geology of the CODACentral and East tenements. Several outcrops and geological records indicate thesetenements hold much higher prospectivity than first appreciated. Additional holes areplanned for these tenements.
Due diligence has uncovered significant surface clay systems across all CODAtenements. Historical drilling only represents a small portion of the total CODApackage, with untested tenements providing significant exploration upside.
The rocks within this formation arepredominantly soft and friable, with an extremely fine particle size. These characteristics areconsidered advantageous for the exploration of Ionic Clay REE deposits.
The mining/extraction of REE from enriched IAC’s are relatively low-cost, in comparison toproduction from other styles of REE deposits, with negligible levels of uranium and thorium.Enova will progressively submit samples from the CODA maiden drill programme formetallurgical testing.
ENV Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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