Morella Corporation’s September quarter report reveals significant progress in its diversified critical minerals portfolio, including new titanium-vanadium exposure and streamlined US lithium assets. The company is gearing up for drilling and resource definition in 2026, supported by strengthened funding.
- Strong rubidium enrichment confirmed at Mt Edon with drilling planned for early 2026
- Mallina Lithium Project gravity survey identifies 12 new pegmatite targets
- Acquisition of Dixon Well Project adds high-grade titanium-vanadium potential
- Nevada lithium portfolio consolidated to 100% ownership, simplifying US operations
- Post-quarter A$1.4 million convertible note facility strengthens financial position
Diversifying Critical Minerals Portfolio
Morella Corporation has marked the September 2025 quarter as a pivotal phase in its evolution as a diversified critical minerals explorer. The company advanced multiple projects across Western Australia and the United States, broadening its commodity exposure beyond lithium to include rubidium, titanium, and vanadium; metals increasingly vital to the clean energy transition.
Mt Edon, Rubidium Potential Takes Centre Stage
At Mt Edon, located north of Perth, Morella’s technical evaluation continues to highlight strong rubidium enrichment within pegmatite formations. Previous drilling intercepted significant rubidium and lithium mineralisation, with assays reaching up to 0.59% Rb2O. The company has identified three high-priority drill targets through detailed mapping and geochemical analysis, with drilling anticipated to commence in early 2026. Complementary metallurgical research with Edith Cowan University is refining extraction methods, aiming to optimise recovery of rubidium; a metal gaining strategic importance in advanced electronics and specialty glass manufacturing.
Expanding Lithium Footprint in the Pilbara
Morella’s Mallina Lithium Project benefited from a comprehensive gravity survey, revealing 12 new pegmatite targets beneath shallow cover. These anomalies align with known lithium-fertile corridors, enhancing the project’s prospectivity. Follow-up fieldwork, including geological mapping and sampling, is planned to validate these targets ahead of a 2026 drilling campaign. Similarly, reconnaissance sampling at the Tabba Tabba East and West Wodgina projects confirmed fractionated lithium-caesium-tantalum pegmatites consistent with the prolific Wodgina lithium district, setting the stage for further exploration and drill planning.
New Titanium-Vanadium Exposure at Dixon Well
The addition of the Dixon Well Project in Western Australia marks Morella’s strategic entry into titanium and vanadium exploration. Early rock-chip assays have returned up to 17% titanium dioxide, indicating high-grade mineralisation potential within magnetite-rich intrusions. This acquisition complements Morella’s existing portfolio and aligns with growing demand for titanium and vanadium in renewable energy and industrial decarbonisation technologies. Planned geological mapping and geophysical surveys will refine targets for future drilling.
Streamlining US Lithium Assets
In the United States, Morella consolidated 100% ownership of its Fish Lake Valley South and North Big Smoky lithium projects in Nevada, simplifying management and reducing costs. This restructuring replaces previous joint venture agreements and positions Morella to more efficiently allocate capital and pursue strategic partnerships within the rapidly developing North American lithium supply chain. Technical reviews have identified priority structural targets for potential drilling in 2026.
Corporate and Financial Strengthening
On the corporate front, Morella completed an unmarketable parcel sale facility, significantly reducing shareholder register complexity and associated costs. The company lodged its FY25 Annual Report and governance documents, maintaining compliance and transparency. Importantly, a post-quarter A$1.4 million convertible note facility was secured, bolstering the balance sheet and providing financial flexibility to support upcoming exploration programs across its Australian and US projects.
Managing Director James Brown emphasised the quarter’s achievements as a demonstration of disciplined execution and technical depth, with Morella entering the December quarter well-positioned for drilling, resource definition, and portfolio expansion in Tier 1 jurisdictions.
Bottom Line?
With drilling poised to commence and a strengthened balance sheet, Morella is set to translate exploration promise into tangible resource milestones in 2026.
Questions in the middle?
- How will the upcoming Mt Edon drilling results impact Morella’s rubidium resource potential and valuation?
- What are the prospects for commercial-scale extraction of rubidium given the metallurgical test-work outcomes?
- Will Morella pursue further acquisitions or partnerships to accelerate development of its titanium-vanadium and lithium assets?