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Elevra Lithium ( (AU:ELV) ) has provided an update.
Morella Corporation has significantly expanded the rubidium exploration footprint at its Mt Edon Project in Western Australia after a comprehensive review of recent and historical rock chip sampling data. The company identified multiple new rubidium-bearing pegmatite targets beyond the previously defined Sophie, Miles and June pegmatites, with 121 of 241 rock chip samples grading above 0.1% Rb2O, several exceeding 1.0% and a peak value of 2.84% Rb2O, indicating a broad and consistent distribution of mineralisation. These results reinforce Mt Edon’s potential as a substantial hard-rock rubidium system and are expected to guide the prioritisation of further systematic sampling, mapping and future drilling, strengthening Morella’s strategic positioning in critical minerals and enhancing the optionality of its overall lithium-focused portfolio.
The most recent analyst rating on (AU:ELV) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Elevra Lithium stock, see the AU:ELV Stock Forecast page.
More about Elevra Lithium
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 targets hard-rock mineral systems, and Mt Edon is emerging as a key asset that complements its broader lithium portfolio by adding exposure to rubidium, a strategically important critical mineral.
YTD Price Performance: -16.67%
Average Trading Volume: 1,263,307
Technical Sentiment Signal: Hold
Current Market Cap: A$1.12B
See more data about ELV stock on TipRanks’ Stock Analysis page.