Sieve showing spodumene from Mallina gold 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) wraps up a reverse circulation drilling program at its 51 per cent owned Mallina gold project in WA’s Pilbara, intercepting visual spodumene
  • The program aimed to define the strike lengths and and thickness of previous findings to set the foundation for a more focused resource definition program
  • Six of the 35 drill holes intercepted pegmatites greater than ten metres in width, with pegmatites hosting visual spodumene intersected in 18 drill holes
  • The company is in the process of planning the next phrase of drilling to test infill and test extensions
  • 1MC is down 11.1 per cent, trading at 0.8 cents at 1:05 pm AEST

Exploration company Morella Corporation (1MC) has wrapped up a reverse circulation (RC) drilling program at its 51 per cent owned Mallina gold project in Western Australia’s Pilbara region.

The program aimed to define the strike lengths and and thickness of previous findings to set the foundation for a more focused resource definition program.

The program, completed by Topdrill contractors, saw 35 holes out of a planned 39-hole program drilled, totalling 2200 metres.

Of these, six drill holes intercepted pegmatites hosting spodumene of more than ten metres in width, while visible pegmatites were uncovered in 18 of 35 holes drilled.

“The completion of this drill program at Mallina has confirmed the project’s potential to deliver a significant hard rock lithium discovery,” Morella Managing Director James Brown said.

“This program has significantly enhanced Mallina’s appeal due to the favourable thickness of the pegmatites, combined with their relatively shallow depths.”

Assays from the program are expected to be released before the end of the financial year.

Morella is currently planning for the next phase of drilling infill and test extensions to enhance the project.

Morella was down 11.1 per cent, trading at 0.8 cents at 1:05 pm AEST.

1mc by the numbers
More From The Market Online

Aureka kicks off infill drilling to help bring Comstock back to life

Aureka is examining the potential to fast-track development of the historic Comstock gold project in Victoria.
The Market Online Video

From the Wire: ‘Hearing the trumpets’ as CommSec spruiks the SpaceX IPO

There’s a super-sized “event horizon” coming up on global markets, and it’s got chins everywhere — including HotCopper Wire hosts Isaac McIntyre’s and

Albion Resources completes acquisition of Gidgee gold project in WA

Albion Resources has completed the acquisition of the Gidgee gold project located within the Gum Creek…

New gold production record as Western Australia resources sales hit $182 billion

Western Australia created a record $36 billion in gold production in 2025, helping the state to…