Morella Completes Reverse Circulation Drilling at Western Australia Rubidium-Lithium Project; Shares Jump 7%

MT Newswires Live03-31

Morella (ASX:1MC) completed a reverse circulation drilling program at the Mt Edon rubidium-lithium project in Western Australia, with 20 holes drilled for around 1,700 meters, according to a Tuesday Australian bourse filing.

The drilling was part of Morella's joint venture strategy with Elevra Lithium (ASX:ELV).

Geological logging confirmed widespread pegmatite development across the Sophie prospect, with intercepts including 84 meters of pegmatite from 18 meters as well as 53 meters of pegmatite from three meters. 11 drill holes returned pegmatite intercepts exceeding 30 meters.

Shares of Morella jumped 7% in early trading on Tuesday, while those of Elevra fell 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2623320904?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-31 07:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2623320904","market":"us","top_or_hot":-1,"title":"Morella Completes Reverse Circulation Drilling at Western Australia Rubidium-Lithium Project; Shares Jump 7%","media":"MT Newswires Live","content":"<html><body><p> Morella (ASX:1MC) completed a reverse circulation drilling program at the Mt Edon rubidium-lithium project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, with 20 holes drilled for around 1,700 meters, according to a Tuesday Australian bourse filing.</p><p>The drilling was part of Morella's joint venture strategy with <a href=\"https://laohu8.com/S/ELVR\">Elevra Lithium</a> (ASX:ELV).</p><p>Geological logging confirmed widespread pegmatite development across the Sophie prospect, with intercepts including 84 meters of pegmatite from 18 meters as well as 53 meters of pegmatite from three meters. 11 drill holes returned pegmatite intercepts exceeding 30 meters.</p><p>Shares of Morella jumped 7% in early trading on Tuesday, while those of Elevra fell 2%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morella Completes Reverse Circulation Drilling at Western Australia Rubidium-Lithium Project; Shares Jump 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorella Completes Reverse Circulation Drilling at Western Australia Rubidium-Lithium Project; Shares Jump 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-03-31 07:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Morella (ASX:1MC) completed a reverse circulation drilling program at the Mt Edon rubidium-lithium project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, with 20 holes drilled for around 1,700 meters, according to a Tuesday Australian bourse filing.</p><p>The drilling was part of Morella's joint venture strategy with <a href=\"https://laohu8.com/S/ELVR\">Elevra Lithium</a> (ASX:ELV).</p><p>Geological logging confirmed widespread pegmatite development across the Sophie prospect, with intercepts including 84 meters of pegmatite from 18 meters as well as 53 meters of pegmatite from three meters. 11 drill holes returned pegmatite intercepts exceeding 30 meters.</p><p>Shares of Morella jumped 7% in early trading on Tuesday, while those of Elevra fell 2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2623320904","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623320904","pubTimestamp":1774914996,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Morella  completed a reverse circulation drilling program at the Mt Edon rubidium-lithium project in Western Australia, with 20 holes drilled for around 1,700 meters, according to a Tuesday Australian bourse filing.The drilling was part of Morella's joint venture strategy with Elevra Lithium .Geological logging confirmed widespread pegmatite development across the Sophie prospect, with intercepts including 84 meters of pegmatite from 18 meters as well as 53 meters of pegmatite from three meters. 11 drill holes returned pegmatite intercepts exceeding 30 meters.Shares of Morella jumped 7% in early trading on Tuesday, while those of Elevra fell 2%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数","ELV.AU":"ELEVRA LITHIUM LTD","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4168":"多种金属与采矿","XJO.AU":"标普/澳交所 200指数","WRN":"西方铜金","1MC.AU":"Morella Corp Ltd","BK7504":"锂钴概念","LIT":"Global X Lithium & Battery Tech ETF"},"translate_title":"Morella完成西澳大利亚铷锂项目反循环钻探；股价上涨7%","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELV.AU":1,"WRN":1.5,"XAO.AU":1.5,"XJO.AU":1.5,"LIT":1.5,"1MC.AU":1,"XKO.AU":1.5},"content_text":"Morella (ASX:1MC) completed a reverse circulation drilling program at the Mt Edon rubidium-lithium project in Western Australia, with 20 holes drilled for around 1,700 meters, according to a Tuesday Australian bourse filing.The drilling was part of Morella's joint venture strategy with Elevra Lithium (ASX:ELV).Geological logging confirmed widespread pegmatite development across the Sophie prospect, with intercepts including 84 meters of pegmatite from 18 meters as well as 53 meters of pegmatite from three meters. 11 drill holes returned pegmatite intercepts exceeding 30 meters.Shares of Morella jumped 7% in early trading on Tuesday, while those of Elevra fell 2%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623320904","isCrawlerRequest":true}