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Morella Corporation ( (AU:1MC) ) has issued an announcement.
Morella Corporation has identified multiple new rubidium-bearing pegmatite targets at its Mt Edon Project in Western Australia after a comprehensive review of recent and historic rock chip sampling. Assays from 241 samples collected between 2016 and 2025 show 121 returning Rb₂O grades above 0.1%, several exceeding 1.0% and a peak of 2.84%, materially expanding the project’s exploration footprint beyond the previously defined Sophie, Miles and June pegmatites. The company says these results confirm a broad and consistent distribution of rubidium mineralisation, reinforcing Mt Edon’s potential as a significant hard-rock rubidium system that complements its lithium portfolio and supports the prioritisation of further systematic sampling, mapping and future drilling to define additional mineral resources.
The most recent analyst rating on (AU:1MC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Morella Corporation stock, see the AU:1MC Stock Forecast page.
More about Morella Corporation
Morella Corporation Limited is an ASX-listed explorer focused on lithium and associated critical minerals, with a portfolio that includes the Mt Edon Project in Western Australia. The company is advancing hard-rock pegmatite assets that can supply strategic minerals such as rubidium, aiming to enhance its position in the battery and technology metals space.
YTD Price Performance: 23.08%
Average Trading Volume: 397,680
Technical Sentiment Signal: Hold
Current Market Cap: A$17.68M
Learn more about 1MC stock on TipRanks’ Stock Analysis page.