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Morella Gears Up for Mt Edon Drilling with $1.4M Funding Boost
12:42pm on Tuesday 27th of January, 2026 AEDT
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Mining
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Morella Gears Up for Mt Edon Drilling with $1.4M Funding Boost
12:42pm on Tuesday 27th of January, 2026 AEDT
Key Points
High rubidium recoveries confirmed in Phase 2 metallurgical tests at Mt Edon
Resource definition drilling planned for early 2026 following permitting and heritage clearances
Secured $1.4 million convertible note facility to strengthen financial position
Nevada lithium portfolio rationalised to reduce holding costs while maintaining exposure
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