Enova Mining Pushes Forward with Charley Creek REE Ambitions

Key Highlights:

• Enova Mining (ASX: ENV) submits MMP and receives key feedback for Charley Creek project
• Engagement with NT government on exploration and development pathway continues
• Shares remain flat at A$0.008; 12-month return down 60%

Enova Mining Ltd (ASX: ENV) is progressing steadily in its ambition to develop the Charley Creek rare earth project in the Northern Territory, with the company today announcing a key milestone in its regulatory pathway.

Enova has submitted the Mining Management Plan (MMP) to the Northern Territory Department of Industry, Tourism and Trade (DITT) for assessment. This is a crucial step in securing approvals to commence a bulk sample trial within the project area. The trial will generate important data on mineral processing and mine design, and also support a resource upgrade down the line.

According to the ASX announcement, the department has responded with technical feedback, requesting additional information across multiple sections of the MMP. Enova has committed to addressing the queries promptly, aiming to maintain momentum in the approval process. The MMP feedback loop marks the beginning of formal engagement with regulatory bodies as the project transitions from planning to potential execution .

Importantly, the company clarified that no Native Title issues are anticipated. Previous exploration access agreements remain in place, and the Native Title holder has been notified in line with regulatory requirements. The project area does not lie within Aboriginal freehold land, which simplifies land access considerations.

The Charley Creek project has gained attention for its potential in alluvial rare earth extraction—a method that offers low-cost surface mining and relatively straightforward processing. This aligns with growing global demand for critical minerals used in electric vehicles, wind turbines, and defense technologies.

On the market, Enova shares were unchanged at A$0.008, with over 37 million shares traded as of midday. Despite a year-on-year decline of 60%, the company’s market capitalization remains at approximately A$11.3 million, and investor interest could revive as regulatory approvals progress.

Looking ahead, the company will resubmit the revised MMP incorporating the department’s feedback. Management has indicated that successful approval of the trial will lay the groundwork for broader development activities at Charley Creek, marking a pivotal phase for Enova in Australia’s rare earth landscape.