Enova Mining Limited has reported encouraging early-stage assay results from its auger drilling program at the CODA Central Project in Minas Gerais, Brazil. The drilling, which targeted a 12km² area of ferruginous saprolite in the Patos Formation, has confirmed broad zones of near-surface high‐grade mineralisation. Notable intercepts include a 25‐meter section averaging 12.0% titanium oxide—with an 18‐meter sub‐interval recording 13.89%—and other sections reporting between 10.8% and 11.2% titanium oxide. The drill results also highlight significant assays for total rare earth oxide (TREO) and a high neodymium-praseodymium ratio; one intercept returned 15 meters at 4,041ppm TREO with 22.5% NdPr, while similar high-grade intercepts were observed across multiple auger holes. Additionally, niobium oxide (Nb₂O₅) was reported across various intervals, with one interval registering 848ppm over 19 meters. The programme, which comprised nine auger holes totalling 169 meters and complemented by six reverse circulation holes (bringing the overall drilled length to 466 meters), confirmed that the mineralisation is hosted in weathered kamafugite. This clay-rich, reddish-brown saprolite exhibits strong potential not only for titanium but also for rare earth elements and by-products such as scandium and niobium. Enova’s systematic sampling and quality control, including a documented recovery rate of approximately 80%, support the robust nature of the initial findings. Ongoing metallurgical test work, using a 270kg composite sample in laboratories in both Brazil and Australia, is focused on refining extraction and processing techniques—a critical step in advancing the development of the project. The project’s scale is further underlined by its large portfolio of tenements covering over 15,000 hectares, all situated in Brazil, a nation renowned for its stable, mining-friendly environment. The company’s detailed sampling and assay methodology, supported by independent laboratory analysis, adds a layer of credibility to the results while laying a solid foundation for future resource delineation. Further infill, step-out, and resource definition drilling is planned to better understand the continuity and depth extension of the mineralised zones identified to date. Market sentiment based on these developments can be viewed from two perspectives. A bullish investor might view the high-grade titanium and rare earth intercepts, combined with promising metallurgical test work and strategic project positioning in a low-risk jurisdiction, as indicators of substantial upside potential. On the other hand, a bearish viewpoint might highlight the inherent risks associated with early-stage exploration, such as the uncertainties of resource estimation, the need for further drilling to prove continuity, and the transitional phase in permitting and project development. Overall, these results position Enova Mining Limited as a company with significant multi-commodity exploration potential while reminding investors of the exploratory risks involved in such ventures.