Spooner's enemy close? Not likely! (2,4)

I believe the answer is:

no fear

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'not likely' is the definition.
(I've seen this before)

I don't understand how the rest of the clue works.

(Other definitions for no fear that I've seen before include "What brave man displays" , "Certainly not (informal)" , "Definitely not (informal)" , "What 7 [INTREPID] person will have" , "what the bold show" .)

I've seen this clue in The Independent.

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