Morella advances Mt Edon rubidium-lithium project with strong drilling results. The company's joint venture with Elevra Lithium completed a 1,700-metre reverse circulation drilling campaign identifying two principal pegmatite bodies at the Sophie prospect. Eleven holes intersected pegmatite intervals exceeding 30 metres, with best results including 84 metres from 18 metres depth and 69 metres from 63 metres depth. The pegmatite bodies remain open at depth and along strike, supporting maiden resource estimation prospects. Rubidium demand is rising across specialty glass, advanced electronics, and medical imaging sectors, with global supply extremely limited. Morella holds 51% of the joint venture entity while Elevra holds 49%, positioning both companies to participate in the emerging critical minerals market.
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