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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 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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