Corella completes first-phase reconnaissance at WA Bonnie Rock and Earoo projects

Corella Resources Ltd ( (AU:CR9) ) has issued an update.

Corella Resources has completed a reconnaissance exploration campaign at its Bonnie Rock and Earoo projects in Western Australia, marking the first phase of a staged assessment of these tenements. The work focused on field observations, validation of historical anomalies and targeted sampling to refine the geological understanding of the areas.

At Bonnie Rock, geologists inspected quartz vein occurrences referenced in prior government surveys, confirmed variable quartz veining along strike and collected representative vein samples to evaluate the silica potential of the project. These new assays will be combined with historical data from the broader Bilocupping prospect to guide decisions on follow-up exploration and potential silica resource development.

At Earoo, the company followed up on previously reported nickel-copper soil anomalies within an interpreted mafic–ultramafic intrusive system by collecting 30 soil samples on two grids and conducting detailed geological observations. Corella plans to integrate pending assay results with existing datasets and, depending on the outcomes, advance to targeted geophysical surveys and a possible first-pass aircore drilling program later in 2026 to test gravity and VTEM anomalies and define future RC drilling targets.

The most recent analyst rating on (AU:CR9) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Corella Resources Ltd stock, see the AU:CR9 Stock Forecast page.

More about Corella Resources Ltd

Corella Resources Ltd is an Australia-based mineral exploration company listed on the ASX, focused on early-stage exploration of tenements in Western Australia. Its current activities include assessing silica potential at the Bonnie Rock Project and nickel-copper prospectivity at the Earoo Project, targeting value creation through systematic, staged exploration programs.

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Technical Sentiment Signal: Sell

Current Market Cap: A$17.69M

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