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Morella Corporation ( (AU:1MC) ) has provided an announcement.
Morella Corporation has announced promising geochemical results from its Pilbara Projects, confirming the presence of fractionated LCT-type pegmatite systems across multiple prospects. These findings align with Morella’s strategy to enhance geological knowledge and support regional development plans in the Tabba Tabba district. The results, which include notable rubidium assays, provide a solid foundation for further exploration and highlight the multi-commodity potential of Morella’s portfolio. This development reinforces Morella’s positioning within a fertile corridor known for lithium-bearing mineralisation, potentially impacting future exploration and stakeholder interests.
More about Morella Corporation
Morella Corporation Limited operates in the mining industry, focusing on the exploration and development of lithium-bearing mineral systems. The company is involved in a joint venture with Elevra Lithium, targeting lithium-caesium-tantalum (LCT) pegmatite systems in Western Australia, particularly in the Wodgina–Tabba Tabba corridor.
Average Trading Volume: 648,218
Technical Sentiment Signal: Hold
Current Market Cap: A$16.58M
Learn more about 1MC stock on TipRanks’ Stock Analysis page.