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Morella Corporation Limited (ASX:1MC)

ALERT: Price-sensitive ASX Announcement for 1MC
Current share price for 1MC : $0.030 0.005 (20%)+
Announcement
Release
11 Jun 2026 8:23AM
Price at Release
$0.025
Full Release
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Summary
Morella Corporation Limited announced the successful results from their Reverse Circulation (RC) drilling program at the Mt Edon Project in Western Australia. The results demonstrate significant rubidium mineralisation within the Sophie Prospect, including several higher-grade zones, and broaden the company's understanding of the mineralisation's continuity and grade distribution. The drilling initiative, encompassing holes MER043 to MER049, confirmed the presence of substantial mineralised pegmatite intervals and bolstered the scale potential of the project, preparing for the maiden JORC Mineral Resource Estimate. The findings, which also highlight the lithium potential, support Morella's ongoing efforts to advance its rubidium project in a strategically critical mineral market, with further metallurgical testwork being conducted in partnership with Edith Cowan University.
Key Points
  • All assay results received from the 2026 Mt Edon RC drilling program.
  • Broad rubidium mineralisation continues to be intersected across the Sophie Prospect.
  • Multiple higher-grade rubidium zones identified, including assays up to 0.95% Rb2O.
  • Resource definition drilling confirms continuity of mineralisation within the core Sophie resource area.
  • Complete drilling dataset now available for maiden JORC Mineral Resource Estimate preparation.
  • Drilling results provide confidence in the scale potential of the Mt Edon project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.