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Morella Corporation Limited (ASX:1MC)

ALERT: Price-sensitive ASX Announcement for 1MC
Current share price for 1MC : $0.025 0.01 (66.67%)+
Announcement
Release
22 Sep 2025 8:21AM
Price at Release
$0.015
Full Release
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Summary
Morella Corporation Limited announced the completion of a ground gravity survey at the Mallina Lithium Project, which identified 12 new high-priority exploration targets. These targets, located within a spodumene-bearing pegmatite field, suggest significant potential for further discoveries. The project, a joint venture with Elevra Lithium Limited, benefits from the WA Government’s Exploration Incentive Scheme. Follow-up plans include additional mapping, sampling, and targeted drilling to confirm the potential of these anomalies.
Key Points
  • 12 new high-priority exploration targets identified by ground gravity survey at Mallina.
  • Targets are located within a proven spodumene-bearing pegmatite field.
  • The Mallina Lithium Project is a joint venture between Morella Corporation Limited and Elevra Lithium Limited.
  • The gravity survey identified targets up to 100m wide and 450m long.
  • Follow-up activities include mapping, sampling, and targeted drilling of anomalies.
  • The project is supported by the WA Government’s Exploration Incentive Scheme.
  • The exploration work is aimed at enhancing Morella's Australian portfolio.
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.