Diamond core rig at Mallina project. Source: Morella Corporation
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Morella Corporation (1MC) kicks off a 3000-metre reverse circulation drilling program at its Mallina project in WA’s Pilbara region
  • The 40-hole program will test several new targets defined through mapping and surface sampling, and determine extensions of previously-identified pegmatite intercepts
  • Topdrill was awarded the mining contract following the completion of environmental, social and governance-related work streams in support of the program
  • The company has been approved to utilise ground-disturbing equipment by the Department of Mines, Industry Regulation and Safety
  • 1MC shares are up 5.56 per cent, and trading at one cent at 1:00 pm AEST.

Morella Corporation (1MC) has launched a 3000-metre reverse circulation (RC) drilling program at its Mallina project in the Pilbara region of Western Australia.

The 40-hole drilling program comprises both extensional and development drilling, based on previous drilling campaigns and will test several new targets defined through mapping and surface sampling.

Morella awarded the mining contract to Topdrill following the completion of environmental, social and governance-related work streams in support of the program.

Meanwhile, the company was notified by the Department of Mines, Industry Regulation and Safety (DMIRS) its program of works for utilising ground-disturbing equipment has been approved.

The company’s primary focus of the campaign is to determine the extension of its previously identified high-grade pegmatite intercepts, including 16.4 metres of 1.24 per cent lithium oxide from 4.6 metres.

Morella Managing Director James Brown said the company’s Mallina project was a central part of its Pilbara lithium exploration program.

“This drilling program will allow us to better understand the extent of the known pegmatites and infill areas where we have information gaps and we are looking forward to some exciting results,” James Brown said.

On April 12, 1MC conducted a heritage survey with traditional owners of areas in the Mallina tenement and an anthropologist, coordinated by Terra Rosa Consulting. During the survey, no sites or artefacts of significance were identified.

1MC shares were up 5.56 per cent, and trading at one cent at 1:00 pm AEST.

1MC by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical