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Morella Corporation (ASX:1MC) is broadening its critical minerals portfolio, adding titanium exploration in Western Australia to future plans through the Dixon Well Project and its “high-value” prospective mineralisation.
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The company today announced rock chip assays from the project area returned grades as high as 17% titanium dioxide, confirming the exposure.
“Titanium is recognised by both Australian and U.S. governments as a critical mineral,” the company’s managing director, James Brown, said. “By adding titanium… Morella is positioning itself in another high-value critical mineral with long-term demand in aerospace, defence, and advanced manufacturing.”
The Dixon Well Project (carried under catalogue as “E59/2990) lies 60 kilometres east of Paynes Find in the Murchison Province, and was identified by Morella’s tech team through a data-driven review on samples.
That review, which included geochemical and soil sampling datasets from the Geological Survey of Western Australia, highlighted multiple titanium anomalies.
A visit to the site then confirmed the presence of titanium mineralisation in quartz-ilmenite veins, Morella wrote today. Rock chip sampling landed results, including 4.16% TiO₂, 7.35% TiO₂, and a peak grade of 17%. These findings were coupled with historical soil sampling, which had picked up anomalies.
With the Dixon Well Project now underway, Morella will be focusing on mapping and systematic surface sampling to expand coverage.
Perhaps most importantly for anyone looking at the company this week, Morella has confirmed it will refine drilling targets and assess scale and potential of titanium mineralisation across the project area.
To mid-arvo, 1MC shares have been trading +11% higher at 2c each.
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