ENV - Enova Mining

[Ruprect]

Re: CUX - Crossland Uranium Mines

Seems to be very quiet in here! Noticed that CUX are into rare earths with not a bad announcement today and more work to do. I dont hold, anyone else here with an opinion on the quality of the company/management?

After TUC's breakout last week, any thoughts re this one? Rare earths seem to be all the rage.

 

[springhill]

Re: CUX - Crossland Uranium Mines

ENCOURAGING RESULTS FROM WET PLANT DEVELOPMENT PROGRAM CHARLEY CREEK RARE EARTH PROJECT

An initial wet plant gravity flowsheet program has been completed on a bulk composite sample of alluvium from Cockroach Dam prospect at Charley Creek. Results confirm the Charley Creek rare earth project is amenable to beneficiation via wet gravity spiral plant. Grade and recoveries from the wet gravity spiral pilot plant were excellent.

The pilot program was conducted at Allied Mineral Laboratories Pty Ltd (AML) in Perth WA under the supervision of Crossland’s metallurgical consultant.

A recovery of 76% TREO (Total Rare Earth Oxide) at a grade of 6.24% TREO contained within 1.37wt % of the initial feed was achieved. A number of opportunities have been identified to improve both grade and recovery, particularly of Heavy REO and zircon. This wet plant concentrate is now undergoing conventional electrostatic and magnetic separation (Dry Plant) to produce a final concentrate product expected to contain approximately 50% TREO.

The proposed Wet and Dry plants for the Charley Creek project would utilise identical technology used by the mineral sand industry for recovery of titanium minerals and zirconia. The Charley Creek process flowsheet represents a low risk and low capital option to enter early production. The Wet Plant concentrate can be readily transported to a Dry Plant, where the final concentrate containing approximately 50% TREO can then be produced for sale or refining to value added products.

Dry Plant test work will be completed by end of July and an update will be provided once results are received.

 

[System]

On May 24th, 2013, Crossland Uranium Mines Limited changed its name to Crossland Strategic Metals Limited.

 

[System]

On May 26th, 2020, Crossland Strategic Metals Limited (CUX) changed its name and ASX code to Enova Mining Limited (ENV).

 

[chezza_direct]

ENV is an interesting one for me. $19M market cap. Technicals look strong. Just gone into a trading halt for another acquisition by the looks of it.

Fundamentals:

• Quality management with rich rare earth background
• Quality Location in Poços de Caldas / Caldera Alkaline Complex near MEI and VMM, huge exploration opportunity to make big success
• Quality Capital structure that Top 20 hold over 80%
• Quality shareholders include Proksa
• Low cost for exploration with Auger drilling
• Strong connection in rare earth industry, easy for offtake
• Strong connection in Brazil market to secure more quality rare earth project in Brazil
• ASX's only alluvial rare earth project Charly Creek (high chance for world class project with high IRR and NPV, low capex and opex)

 

[chezza_direct]

ENV is an interesting one for me. $19M market cap. Technicals look strong. Just gone into a trading halt for another acquisition by the looks of it.

Fundamentals:

• Quality management with rich rare earth background
• Quality Location in Poços de Caldas / Caldera Alkaline Complex near MEI and VMM, huge exploration opportunity to make big success
• Quality Capital structure that Top 20 hold over 80%
• Quality shareholders include Proksa
• Low cost for exploration with Auger drilling
• Strong connection in rare earth industry, easy for offtake
• Strong connection in Brazil market to secure more quality rare earth project in Brazil
• ASX's only alluvial rare earth project Charly Creek (high chance for world class project with high IRR and NPV, low capex and opex)

Up 70% today on acquisition