View Future GrowthMorella 과거 순이익 실적과거 기준 점검 0/6Morella은 연평균 68.9%의 비율로 수입이 증가해 온 반면, Metals and Mining 산업은 연평균 15.2%의 비율로 증가했습니다. 매출은 연평균 90.3%의 비율로 감소했습니다.핵심 정보68.93%순이익 성장률89.50%주당순이익(EPS) 성장률Metals and Mining 산업 성장률22.33%매출 성장률-90.32%자기자본이익률-107.74%순이익률-1,368.21%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 14First half 2026 earnings released: AU$0.01 loss per share (vs AU$0 in 1H 2025)First half 2026 results: AU$0.01 loss per share (further deteriorated from AU$0 in 1H 2025). Net loss: AU$3.83m (down 218% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 01Full year 2025 earnings released: AU$0.006 loss per share (vs AU$0.012 loss in FY 2024)Full year 2025 results: AU$0.006 loss per share (improved from AU$0.012 loss in FY 2024). Net loss: AU$1.97m (loss narrowed 36% from FY 2024).Reported Earnings • Mar 15First half 2025 earnings released: EPS: AU$0.012 (vs AU$0.016 loss in 1H 2024)First half 2025 results: EPS: AU$0.012 (up from AU$0.016 loss in 1H 2024). Net income: AU$3.25m (up AU$7.22m from 1H 2024).Reported Earnings • Sep 27Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.011 loss in FY 2023)Full year 2024 results: AU$0.001 loss per share. Net loss: AU$3.05m (loss widened 14% from FY 2023).Reported Earnings • Mar 13First half 2024 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2023)First half 2024 results: AU$0.001 loss per share (further deteriorated from AU$0 in 1H 2023). Net loss: AU$3.97m (loss widened 37% from 1H 2023).Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AU$0 (vs AU$0 in FY 2022)Full year 2023 results: EPS: AU$0 (in line with FY 2022). Net loss: AU$2.67m (loss widened AU$2.57m from FY 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesNew Risk • May 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$661k revenue, or US$471k). Market cap is less than US$10m (AU$12.4m market cap, or US$8.82m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding).공시 • May 14Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 39,375,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,225,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,900,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Transaction Features: Subsequent Direct ListingReported Earnings • Mar 14First half 2026 earnings released: AU$0.01 loss per share (vs AU$0 in 1H 2025)First half 2026 results: AU$0.01 loss per share (further deteriorated from AU$0 in 1H 2025). Net loss: AU$3.83m (down 218% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.New Risk • Feb 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$636k revenue, or US$453k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$14.7m market cap, or US$10.4m).New Risk • Feb 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$13.6m (US$9.70m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$636k revenue, or US$452k). Market cap is less than US$10m (AU$13.6m market cap, or US$9.70m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).공시 • Feb 23Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million.Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 39,375,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,225,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,900,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Transaction Features: Subsequent Direct Listing공시 • Oct 29Morella Corporation Limited, Annual General Meeting, Nov 28, 2025Morella Corporation Limited, Annual General Meeting, Nov 28, 2025. Location: the offices of pwc, 480 queen street, brisbane, qld 4000 Australia공시 • Oct 21Morella Corporation Limited announced that it expects to receive AUD 1.4 million in funding from Interra Resources Limited and other investorsMorella Corporation Limited announced private placement of 8% Unsecured Convertible Note for gross proceeds of AUD 1,400,000 on October 20, 2025. The notes carry an interest rate of 8% per annum coupon, payable quarterly in cash. The notes will be matured 36-month from the date of the advance of the funds. On the Maturity Date each Note converts into Shares in full at the Conversion Price. Each Note is convertible at a conversion price equal to a 15% discount to the 20-day VWAP prior to the date of conversion. The notes will be issued in 2 tranches, the first tranche (Tranche A) for AUD 700,000 and second tranche (Tranche B) for AUD 700,000. The transaction includes participation from Company’s substantial shareholders, Interra Resources Limited for AUD 500,000, and aligned professional investors, alongside directors of Morella for Tranche A , and Board of Directors of company for Tranche B. Tranche B is subject to shareholder approval. The settlement of Tranche A is expected to occur on 21 October 2025. Tranche B is subject to, and conditional upon, shareholder approval at the upcoming Annual General Meeting of Shareholder. The Convertible Notes will not be quoted on the ASX.New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Share price has been highly volatile over the past 3 months (51% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$636k revenue, or US$415k). Minor Risk Market cap is less than US$100m (AU$25.1m market cap, or US$16.3m).분석 기사 • Oct 01Morella (ASX:1MC) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Oct 01Full year 2025 earnings released: AU$0.006 loss per share (vs AU$0.012 loss in FY 2024)Full year 2025 results: AU$0.006 loss per share (improved from AU$0.012 loss in FY 2024). Net loss: AU$1.97m (loss narrowed 36% from FY 2024).New Risk • Oct 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$636k revenue, or US$420k). Market cap is less than US$10m (AU$8.47m market cap, or US$5.59m).New Risk • Sep 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$529k revenue, or US$346k). Market cap is less than US$10m (AU$8.11m market cap, or US$5.30m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end).Reported Earnings • Mar 15First half 2025 earnings released: EPS: AU$0.012 (vs AU$0.016 loss in 1H 2024)First half 2025 results: EPS: AU$0.012 (up from AU$0.016 loss in 1H 2024). Net income: AU$3.25m (up AU$7.22m from 1H 2024).New Risk • Feb 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$526k revenue, or US$334k). Market cap is less than US$10m (AU$6.94m market cap, or US$4.40m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$526k revenue, or US$331k). Market cap is less than US$10m (AU$7.93m market cap, or US$4.98m).공시 • Dec 16Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.431137 million.Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.431137 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,176,923 Price\Range: AUD 0.026 Discount Per Security: AUD 0.00156 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,866,790 Price\Range: AUD 0.026 Discount Per Security: AUD 0.00156 Transaction Features: Subsequent Direct Listing공시 • Oct 29Morella Corporation Limited, Annual General Meeting, Nov 29, 2024Morella Corporation Limited, Annual General Meeting, Nov 29, 2024. Location: the offices of pwc, 480 queen street, brisbane qld 4000, Australia공시 • Oct 18Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.723662 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.723662 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,879,511 Price\Range: AUD 0.036 Security Features: Attached Options Transaction Features: Rights OfferingReported Earnings • Sep 27Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.011 loss in FY 2023)Full year 2024 results: AU$0.001 loss per share. Net loss: AU$3.05m (loss widened 14% from FY 2023).New Risk • Aug 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$371k). Market cap is less than US$10m (AU$9.21m market cap, or US$6.23m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).New Risk • May 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$12.4m (US$8.17m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.6m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$363k). Market cap is less than US$10m (AU$12.4m market cap, or US$8.17m).분석 기사 • Mar 14Here's Why Morella (ASX:1MC) Can Afford Some DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Mar 13First half 2024 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2023)First half 2024 results: AU$0.001 loss per share (further deteriorated from AU$0 in 1H 2023). Net loss: AU$3.97m (loss widened 37% from 1H 2023).New Risk • Mar 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$363k). Minor Risk Market cap is less than US$100m (AU$24.7m market cap, or US$16.3m).공시 • Oct 23Morella Corporation Limited, Annual General Meeting, Nov 24, 2023Morella Corporation Limited, Annual General Meeting, Nov 24, 2023, at 11:00 E. Australia Standard Time. Location: The offices of PKF Gold Coast Level 6, RSL Building 9 Beach Road Surfers Paradise Queensland Australia Agenda: To receive the consolidated annual financial report of the Company for the year ended 30 June 2023, together with the Directors' report and the Auditor's report; to consider the Adoption of Remuneration Report; to consider the Re-Election of Allan Charles Buckler as a Director; to consider the Approval of Additional 10% Placement Facility; to consider the Ratification of issue of the Fish Lake Valley First Anniversary Shares; and to discuss other matters.Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AU$0 (vs AU$0 in FY 2022)Full year 2023 results: EPS: AU$0 (in line with FY 2022). Net loss: AU$2.67m (loss widened AU$2.57m from FY 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.New Risk • Sep 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (AU$878k revenue, or US$559k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Significant insider selling over the past 3 months (AU$125k sold). Market cap is less than US$100m (AU$43.0m market cap, or US$27.4m).Reported Earnings • Mar 08First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022)First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$2.90m (loss widened 114% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.공시 • Feb 08Morella Corporation Limited Announces Results from Geophysical Exploration Activities Completed in December 2022 in the Southern Part of the Fish Lake Valley Lithium Project in Nevada, USAMorella Corporation Limited announced the results from geophysical exploration activities completed in December 2022 in the southern part of the Fish Lake Valley Lithium Project in Nevada, USA. Morella commissioned a further Passive Seismic and Magnetotelluric ("MT") Survey of the Project ("December MT Survey") along an additional 2 east-west transects and 1 north-south transect in the south of the Project, in order to identify sub-surface conductivity anomalies that could be caused by brine accumulations with potential to host Lithium mineralisation. Analysis and interpretation has been completed which identified prospective drilling targets with the goal to progress to a Mineral Resource. The December MT Survey was commissioned following the geophysical exploration ("March MT Survey"), detailed in the ASX Announcement - Key Drilling Targets identified at the Fish Lake Valley Lithium Project, released on 28th April 2022. The MT survey work was undertaken by US-based Zonge International Inc. (Zonge). Perth-based geophysical consultants, Resource Potentials, completed QA/QC and inversion modelling of the MT survey data. Interpretation and final reporting are ongoing. The modelled MT resistivity cross sections from the December MT Survey reinforce and expanded upon modelling results from the March MT Survey. In particular, a very high conductivity anomaly is present in the southern most MT survey line resistivity model cross section and is centred approximately 1,000 m depth below surface. This anomaly is likely a continuation of an anomaly identified during the March MT Survey, which is interpreted to be fault bounded, and may be caused by Lithium-brine, saline groundwater and clay- ash deposits. A strong MT conductivity anomaly appears to continue to the west outside of the area covered by the MT survey lines. The overall basin structure appears to be deeper within the central- to-eastern part of the MT survey area before shallowing on the easternmost side. The northernmost E-W oriented survey line appears to show a conductivity west-dipping layer at depth. The December MT Survey has expanded on work previously completed within the Project. The 2D resistivity inversion model cross sections generated from these MT surveys indicate that the high- conductivity anomaly identified during the March MT Survey, which may be caused by brine hosting Lithium in solution, appears to be closed-off to the south and east, but potentially open to the north and west. Drillhole targets originally defined from the March MT Survey have been expanded to facilitate development of a potential Mineral Resource. The next steps are: Award a drilling contract with the drill program aimed at providing brine samples from depth. Enter final stages of permitting, being conducted by US-based McGinley and Associates Inc. on behalf of the Company. Consider 2D reflection seismic to further calibrate the Passive Seismic and MT results and help identify key basin structures and layers to assist drill targeting, hydrogeological modelling and potential resource definition.공시 • Jan 17Morella Corporation Limited Announces Lithium Mineralisation Confirmed at North Big SmokyMorella Corporation Limited advised that the soil sampling program completed at North Big Smoky Lithium Project (NBS) in September 2022 has identified a large zone of elevated lithium grades across the central part of the project area. The project is located 135 kilometres from Tonopah, and is accessible via Highway 376 in Nevada, USA and comprises 178 placer claims. Morella entered into an earn-in agreement with Lithium Corporation in 2022, whereby Morella has the right to earn a 60% interest in the project, with options to acquire 100% interest. In September 2022, a 259-auger-hole drilling program was executed with the goal of gaining a better understanding of the distribution of lithium in the soils across the NBS deposit. Holes (up to 1.37m total length) were completed. Mineralogical and geochemical samples were sent for assaying to ALS USA Inc. in Twin Falls, Idaho, a certified laboratory. Results in the central part of the NBS deposit show elevated lithium assays up to 499 ppm with over 40% of the assays with grades of 200 ppm lithium or more. Nearly 90% of the deposit shows lithium grades greater than 100 ppm. The area to the east of the sampled area was not sampled as it has thick alluvial cover which sits over the playa and is not suitable for soil sampling. PSS horizontal-to-vertical-spectral ratio (HVSR) in order to generate a map of depth to acoustic bedrock, which can be used to assist identification of structures within the project area and tie-in conductive anomaly features with estimated bedrock depths. Further magnetotelluric geophysical surveys over the remaining claim area after the PSS work has been completed to help model the conductive source.공시 • Dec 23Morella Corporation Limited Announces North Big Smoky CSAMT SurveyMorella Corporation Limited announced the results of the recently completed geophysical survey work and modelling at its North Big Smoky (NBS) project in Nevada. The survey has identified a high conductivity zone in the project area that is now subject to further investigation. Morella commissioned KLM Geophysics Inc. (KLM) to complete a CSAMT survey within the NBS project area, which is located approximately 50 km south of Austin in Nye County, Nevada. KLM completed the survey over 5 days along a single 2.5 km long survey line planned by Morella within the North Big Smokey claims. Resource Potentials Pty Ltd. (ResPot) then processed and interpreted the CSAMT data. CSAMT data was acquired using a Phoenix RXU-8A 5-channel EM receiver system with non-polarisable electrodes located every 50 m along the survey line to create 50 m long electric field dipoles (Ex), and Phoenix MTC-180 magnetic field sensors located at 250 m intervals along the survey line and oriented orthogonal to the direction of the survey line (Hy). A grounded transmitter bipole was established in a broadside configuration (i.e. parallel to the survey line orientation) approximately 9.8 km SSE of the CSAMT survey line. The grounded bipole was energised using a Phoenix TXU-30A transmitter/controller system with a 30-kW trailer-mounted motor generator, and with a sinusoidal transmitter waveform covering 54 transmitter frequencies geometrically increasing from 1 Hz to 10,000 Hz. Both ResPot and KLM 2D resistivity models of the CSAMT data indicated a deep and high conductivity anomaly starting from approximately 700 m below the eastern part of the CSAMT survey line, which may be caused by brines at depth or conductive lithology. Areas of high conductivity are shown as hotter colours (orange to purple) and areas of lower conductivity (greater resistivity) are shown as cooler colours (white to blue). Black arrows indicate changes in surface soils observed in satellite imagery. Passive seismic (PSS) horizontal-to-vertical-spectral ratio (HVSR) in order to generate a map of depth to acoustic bedrock, which can be used to assist identification of structures within the project area and tie-in conductive anomaly features with estimated bedrock depths. Further Magnetotelluric geophysical surveys over the remaining claim area after the PSS work has been completed to help model the conductive source.공시 • Dec 07Morella Corporation Limited Provides Drilling Update on the Mallina Lithium ProjectMorella Corporation Limited provided a drilling update on the Mallina Lithium Project (tenement E47/2983). Mallina is located 110 kilometres southwest of Port Hedland and is accessible via the Northwest Coastal Highway in Western Australia. In 2021, Morella executed an earn-in agreement with ASX-listed Sayona Mining Limited, for the right to earn a 51% interest in the lithium rights of Sayona's Pilbara and Gascoyne lithium portfolio. Historical Drilling: Between 2017 and 2018, Reverse Circulation (RC) drilling was completed by Sayona, with 48 holes drilled for 3,568m, delivering 653 RC drill chip samples for analysis. The drill program targeted five discrete identified pegmatite zones. 2022 Drilling Program Results: During 2022 a 5-hole, 1,261m drill program including 2 core tail extensions was completed by Morella, with the objective of targeting theorised tertiary covered pegmatite-ore sheets. Thicker and more consistent pegmatite intrusions do not outcrop at Mallina, however based on mapped surface expressions and drilling interpretation, the Company believes that thicker intersections of pegmatite intrusions can be found at depth. Three (3) RC holes (430m total length) and four diamond core holes (831.4m total length), including two core tail extensions were completed in the 2022 program. Five (5) drill sites were established for the program, including three (3) RC drill sites (with two diamond core tails) and two diamond core sites from surface. Importantly, the standout result from hole M22_004_D (which was drilled down dip) confirms the previous successful work completed by Sayona, intercepting 16.4m @ 1.24% Li2O from 4.6m and 1.0m @ 1.18% Li2O from 46m, with the next round of drilling to test strike and depth extensions of this zone. Morella was awarded a co-funded grant for the drill program recently completed at Mallina. The Company is entitled to claim up to a maximum amount of $150,000 against the direct drilling costs for the completed drilling program. The Co-funded Exploration Drilling Program is the program of the Exploration Incentive Scheme (EIS). The Company will provide half-core samples to DMIRS as part of the project and will allow public access to drill core material after the expiry of the Confidentiality Period. Future Exploration Program: A detailed surface grid soil sampling accompanied by geological mapping and rock chips to follow-up highly anomalous Lithium and Rubidium from soil and rock chip geochemistry; Review and refine existing aeromagnetic and radiometric data to support surface geochemical anomalies; Additional RC and diamond drilling to test thicker intercepts of spodumene-bearing pegmatites to test thickness, direction and dip of the pegmatites.공시 • Nov 25Morella Corporation Limited Announces the Results of the Deep Ground Penetrating Radar Program At Mt EdonMorella Corporation Limited announced the results of the Deep Ground Penetrating Radar (DGPR) work at the Mt Edon (E59/2092) and Mt Edon West (E59/2055) exploration tenements near Paynes Find located in the Mid West region of Western Australia. The survey, conducted by Ultramag Geophysics Pty Ltd. (Ultramag), was carried out in October and included 23-line km covering four (4) areas of known pegmatites. Results have demonstrated that the DGPR was not only able to identify the known pegmatites but also pinpointed a significant number of additional pegmatites not previously mapped. The focus of the DGPR work was aimed at identification of any sub-surface pegmatites and their relationship to those that had been previously mapped at surface. Ultramag spent six (6) days traversing the four (4) pegmatite zones identified from surface mapping. The base of weathering or unconsolidated alluvium is a pronounced layer and occurs around 20m depth on most profiles. The shape of this interface is useful in determining rock type in this hard rock environment. Existing surface mapping completed by Blackfynn Pty Ltd. identified 53 outcropping pegmatites, some of which can be seen in the image below, however the DGPR work has identified a further 130 pegmatites, with most not expressing at surface. The DPGR work has identified four (4) main target areas for further exploration as shown in Figure 5 below. These targets are based on the density of pegmatite occurrences from the DGPR survey and the previously completed mapping work. The next stages of exploration at Mt Edon will be based around these identified target areas in preparation for testing via a planned drill program.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Oct 27Morella Corporation Limited Announces Direct Lithium Extraction Study Confirms Highly Efficient Lithium Concentrating ProcessMorella Corporation Limited provided an update on the Direct Lithium Extraction (DLE) study being completed by Recion Technologies ("Recion") at Recion's laboratory in Edmonton, Canada. The study is aimed at providing a preliminary assessment of lithium extraction and underlying economics using Recion's technology solution and Fish Lake Valley (FLV) brine. An interim progress report from Recion has provided positive early-stage indications of successful lithium concentration using Recion's ion exchange media (Media) process and FLV brine. The brine sample was obtained from near surface of the playa at FLV and was expected to be highly diluted from surface water, however the testing process focussed on lithium extraction from the brine type or signature of the brine. As part of the next phase of DLE testing Morella will provide brine samples from reservoirs identified in the Passive Seismic and MT surveys completed earlier in 2022. The report has identified that two hours of absorption is sufficient to extract lithium from the brine with extraction efficiency up to 95% using an absorption column configuration. Absorption column configuration has been used in water treatment operations and is known to be scalable using standard/commercially available equipment. Extended testing saw high lithium recoveries, resulting in lithium concentration levels over 600%. Morella provided a 20 litre brine sample to Recion in June 2022, initial testing was conducted at benchtop scale, focusing on understanding how Recion's Media process performed with the FLV brine. To test the lithium extraction rate, a prescribed amount of Media was packed into a column, a prescribed amount of brine then flowed through the column at a prescribed flowrate. Lithium was then desorbed from the column by using acid1 at a prescribed flow rate. Concentrate samples were taken every 30 minutes and analysed for lithium concentration. Recion has identified two hours as the optimal cycle time and ran a set of extended series repeat tests varying Media quantity, flow rates and total brine volume flowing through the column. The results continue to build a body of knowledge on processing options for larger scale testing. Recion also conducted a series of tests to assess the performance of the Media process for extended cycles of lithium absorption and desorption. Observations identified that the Media process performed consistently achieving 80-95% lithium extraction over more than 2 months of operation. Recion also tested Media which had been used for more than 8 months and achieved a high lithium extraction rate. The performance of the process over repeat cycles is a key area of interest to support developing an economic model around the use of DLE technology to underpin the FLV Project. Media performance testing is ongoing. The Recion testwork on the FLV brine has determined the following conclusions: 2 hours was sufficient timeframe to extract lithium from the provided brine sample with an extraction efficiency up to 95% using an absorption column configuration; Processing of the brine in the column results in a high lithium recovery and lithium can be concentrated by a factor of 7-9 up to ~400-500 ppm depending on recovery; Desorption can be completed in 1-2 hours; however, 2 hours is recommended to ensure full recovery of lithium from the sorbent; The absorption column configuration is a well-known modular configuration which has been used in water treatment for decades and can be scaled up using standard equipment; and Preliminary economics have been determined and will be refined following the provision of more representative deeper reservoir samples from the upcoming drill program. The DLE study will continue with Morella recently providing additional brine material to Recion. A primary objective of the next phase of testing is to generate enough concentrated lithium in solution to allow for continued processing at benchtop scale and production of lithium chemicals from the FLV brine. Morella is currently in the final stages of permitting and a drill contract has been awarded for a drill program aimed at providing brine samples from depth at the FLV project. The Company expects that drilling will commence in the latter part of fourth quarter 2022 once all regulatory approvals have been received. Morella has also commenced initial discussions on using Recion's recently built field prototype and potential field pilot and will advise the market in due course.공시 • Oct 26Morella Corporation Limited, Annual General Meeting, Nov 25, 2022Morella Corporation Limited, Annual General Meeting, Nov 25, 2022, at 11:00 E. Australia Standard Time. Location: 480 Queen Street Brisbane Queensland Australia Agenda: To consider ADOPTION OF REMUNERATION REPORT; to RE-ELECTION OF DENNIS (DAN) O'NEILL AS A DIRECTOR; to consider APPROVAL OF ADDITIONAL 10% PLACEMENT FACILITY; to consider APPROVAL OF MORELLA EXECUTIVE INCENTIVE PLAN; to consider RATIFICATION OF THE ISSUE OF THE CANACCORD OPTIONS; and to consider other matters.Reported Earnings • Sep 25Full year 2022 earnings released: EPS: AU$0 (vs AU$0.004 loss in FY 2021)Full year 2022 results: EPS: AU$0 (improved from AU$0.004 loss in FY 2021). Revenue: AU$788.9k (up 492% from FY 2021). Net loss: AU$97.9k (loss narrowed 99% from FY 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.공시 • Sep 20Morella Corporation Limited Announces Completion of First On-Ground Works At the North Big Smoky Lithium ProjectMorella Corporation Limited announced that it has completed its first on-ground works at the North Big Smoky Lithium Project, with the conclusion of a detailed soils program. Having recently secured the North Big Smoky Project through an earn-in arrangement. Morella planned and executed the program to build its knowledge base on the Project. The soils program was completed over the period 16 - 18 September 2022, with all samples now enroute to an independent laboratory for analysis. Program Structure: The soils program was designed to focus on the western half of the project area due to what is assessed as a control structure dissecting the contiguous claims area in a north south direction. The program sourced 272 samples via use of a powered auger, to allow sampling at a depth of up to 1.37m below surface. In some instances, caliche/calcrete was intercepted by the auger, and in such events, the field crew utilised small hand tools to ensure adequate sample depth was achieved. All sampling and sample preparation was supervised by a Certified Professional Geologist. Future works: All samples have been prepared and are on route to an independent laboratory in the United Stateswith assay results expected to be provided in one to two months and will be released to the market in due course. Morella has also scheduled an initial magentotelluric ("MT") survey at North Big Smoky, which is intended to identify sub-surface areas of mineral concentration. The combination of MT survey and soils program will shape and guide future exploration efforts at North Big Smoky. The MT Survey is programed for completion in Fourth Quarter 2022 and based on the same principles utilized successfully at the Company's Fish Lake Valley project located south of North Big Smoky.공시 • Sep 19Morella Corporation Limited Announces Alex Cheeseman Tendered His Resignation as Chief Executive Officer, Effective 7 October 2022Morella Corporation Limited advised that the Morella Corporation Limited's Chief Executive Officer (CEO) Mr. Alex Cheeseman has tendered his resignation. Under Mr. Cheeseman's employment contract he is required to give the Company 6 (six) months' notice when tendering his resignation, however, due to circumstances the Company has decided to release Mr. Cheeseman with a reduced notice period effective 7 October 2022. The Company has taken this opportunity to restructure its management team and as a result, Morella does not intend to refill the position of CEO with the duties formally associated with the position absorbed by the Managing Director Mr. James Brown and other executives within the Company.공시 • Sep 14Morella Corporation Limited Announces Airborne Geophysics Exploration Underway in the PilbaraMorella Corporation Limited announced that exploration activities in the Pilbara are underway. Following a detailed and systematic review of historical physical and geophysics exploration results and open-source geological data, the company has commenced airborne geophysical exploration targeting settings conducive to, and with regional precedence of, lithium mineralisation. All activities, which have been deemed as low-level exploration, have been planned in consultation with respective Traditional Owners and Pastoralists. A broad Pilbara-wide airborne geophysics survey commenced on 10 September 2022. The survey will capture high-resolution data to build on the historical data available to Morella. The survey covers several tenements included in the Morella-Sayona earn-in agreement, where Morella is well advanced towards achieving the earn-in obligation milestone. The intended airborne survey lines across select Of particular focus will be the Tabba Tabba East (E45/4703) tenement. This tenement is located approximately 25 kilometers north of Pilgangoora, one of the largest hard rock lithium deposits in the world. Assessment of open-source regional geology and geophysical information suggests that it is within a Mesoarchean magmatic-metallogenic province of Northern Australia which is prospective for lithium-tantalum, gold and copper. The tenement overlies fertile Monzogranitic rocks which have been transected by the NE-SW-trending Wodgina Fault. To date the tenement has been relatively underexplored and may host lithium-bearing pegmatite intrusions. The company has identified several target areas at Tabba Tabba East that warrant more detailed field-based exploration activities. Immediate efforts will focus on airborne geophysical survey, reconnaissance mapping and sampling at areas identified in preparation for a more systematic grid soil sampling and geological mapping program.공시 • Sep 01Morella Corporation Limited Advises Further Results from Geophysical Exploration Activities Completed At the Fish Lake Valley Lithium Project in Nevada, USAMorella Corporation Limited advises further results from geophysical exploration activities completed at the Fish Lake Valley Lithium Project in Nevada, USA. From July to August 2022, Morella completed a second phase of magnetotelluric ("MT") surveying over the northern part of the Project area. A composite cross section (looking north east) of the four MT survey lines completed to date. The MT survey was designed to be complementary to a previous MT survey conducted in the southern portion of the Project area in December 2021 to April 2022. MT survey data was acquired by US-based Zonge International Inc. ("Zonge") during July 2022 using the `Zen' EMAP system, with 2D resistivity inversion modelling of the MT survey data using CGG Geotools, completed by Perth-based Resource Potentials in August 2022. 2D resistivity inversion modelling of the MT survey data produced a distinct, very high conductivity (<2 Ohmm) anomaly in the west, within a broader high conductivity (<4 Ohmm) anomaly zone, which may be caused by lithium bearing brines at 300m depth and near a vertical fault (it is also possible the high conductivities are in part, associated with increased clay content). The MT inversion modelling results also show a shallow, very high conductivity (<1 Ohmm) layer is present from surface and extending to approximately 30m depth below surface, which may be caused be a shallow layer of lithium sediments with very saline groundwater at or just beneath the ground surface.공시 • Aug 12Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 450,000,000 Price\Range: AUD 0.015 Discount Per Security: AUD 0.00075 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 50,000,000 Price\Range: AUD 0.015 Transaction Features: Subsequent Direct Listing공시 • Jun 23Morella Corporation Limited Announces Lithium Targets Identified At Mt Edon Project in Western AustraliaMorella Corporation Limited announced the results from a successful surface mapping and sampling program completed at Mt Edon (E59/2092) and Mt Edon West (E59/2055) near Paynes Find, in the mid-west of Western Australia. A total of 53 pegmatite outcrops were mapped over a five-day period in the field. Some pegmatites were sampled, and the rock chip assay results indicate the potential of this area for future lithium exploration. The focus of the field program was to map and sample pegmatite outcrops within the Project area. A total of 53 pegmatite outcrops were mapped ranging from approximately one to 40 metres in apparent thickness at outcrop. It was observed that a pegmatite covering a larger surface area appeared to be a sill, as compared to the remainder of the mapped pegmatites which were interpreted as being dykes. The mapped pegmatites were observed as having a deeply weathered, friable surface. Generally, the rock was seen to be a heterogenous mixture of weathered feldspar crystals up to 45cm in length, quartz crystals up to 60cm in length and mica "books" up to 15cm in width. Mica was observed in veins ranging from 5-60cm in width. Although weathered, some of the pegmatites indicated potential lithium mineralisation. Most of the pegmatites are dykes that crosscut the mafic volcanics in a north-northwest direction. An additional pegmatite outcrop interpreted to be a sill was found in the central section of the E59/2092 tenement in a sub-parallel orientation to the surrounding weakly foliated mafic country rock. Figure 1 shows the key pegmatites mapped during the field program and target areas identified from analysing the pegmatites mapped during the March 2022 field work program. Morella notes that a his early stage, target areas have been developed based on a multi-element analysis rather than just ithium content. A total of 32 samples were taken across the mapped pegmatites. Each sample consists of rock chips taken across each outcrop to account for zonation and to provide a representative sample. Figure 2 shows sample locations on a background of mapped lithology. Samples were sent to an independent, accredited laboratory for full elemental assay. Samples were assayed for a standard multi-element lithium suite including rare earth elements using the process of a 4-acid digest followed by ICP-MS for detection. The sample results listed in Table 1 were collected from weathered outcrops and are interpreted toindicate potential subsurface lithium mineralisation. The interpreted results from the field program suggest that there are several prospective targets for lithium-bearing pegmatites within the Project area. Several of the pegmatites were mapped as being narrow and discontinuous, but some were mapped as having a substantial apparent thickness and continuity that may evolve into a commercially viable mining opportunity, subject to adequate mineral endowment. The mapped and sampled pegmatites displayed significant weathering which may explain the depleted surface lithium grades. Morella is reviewing geophysical techniques to support developing a better understanding of the subsurface potential of the Project area to quantify potential drilling targets. It is noted that future drilling below the weathered zone would assist in the determination of the subsurface lithium-bearing potential of the Project area.공시 • Jun 14Morella Corporation Limited Announces Direct Lithium Extraction Test Work BeginsMorella Corporation Limited announce that direct lithium extraction ("DLE") process development work has commenced on brine material from the Fish Lake Valley Lithium Project, located in Nevada, USA. The DLE study ("Study") is being completed by Recion Technologies ("Recion") at Recion's laboratory in Edmonton, Canada. The Study is aimed at providing a preliminary economic assessment of lithium extraction using Recion's technology solution and Fish Lake Valley brine. The Study will be completed at benchtop scale and is expected to be completed in 10-12 weeks. To fully assess the amenability of Fish Lake Valley brine, Recion has presented a staged approach to development of the technologies to be used to successfully extract, concentrate and ultimately produce a lithium chemical product. The first stage (benchtop scale) has commenced and is expected to take 10-12 weeks to complete. Following completion of this stage of the Study, Recion will report on operating economic factors based on feed grade of the brine sample. The economic factors will include reagent consumption, sorbent costs, recovery rates, power consumption, water consumption and tailings composition. The Study commenced this week with sieving and filtering brine material in preparation for process testwork. 5 micron filter was used first, followed by a 1 micron filter. Recion will analyse all captured deleterious elements as part of the Study to understand tailings composition and shape future management plans.공시 • Jun 06Morella Corporation Limited Completes Exploration Drilling at the Mallina Lithium ProjectMorella Corporation Limited announced that it has completed exploration drilling at the Mallina Lithium Project (tenement E47/2983). The drilling program commenced in late March 2022, with the clearing of drill pads and establishment of a field camp. The reverse circulation (RC) drill contractor mobilised to the Mallina Project in the second week of April, after completing site and safety management protocols and inductions with RC drilling commencing on 18 April 2022. Subsequently, the Diamond Core drill contractor arrived at the Project, completed relevant safety and site management protocols, and commenced core drilling on 22 April 2022. The planned program was designed with the dual objectives of intersecting hybrid dykes at Pegmatite 2 and Area C prospects at depth and testing for blind primary pegmatite sheets at depth. RC drilling concluded on 26 April 2022 and the core drilling concluded on 27 May 2022. All drilling was completed safely and without incident. Three RC holes (430m) and four diamond core holes (831.4 m), including two core tail extensions were completed. Five drill sites were used for this program, including three RC drill sites (with two diamond core tails) and two diamond core sites from surface. Fine grained spodumene quartz intergrowths within aplite intrusive intervals were observed in the drill core. The RC chips and drill core were logged on site by a geological team and samples have been prepared for mineralogical studies and geochemical assay work to be completed at an independent laboratory in Perth. All RC chips and core samples are currently being consolidated at Port Hedland ready for transportation to Perth. Mineralised intervals will be reported as and when the results are made available to the Company. Future Works: While the Company commences the logistics efforts to transfer RC chips and core samples from Mallina to Perth in readiness for mineralogy and assay testing (the results of which are expected to take two- three months from commencement of work in Perth), the Mallina Lithium Project will be subject to further exploration efforts as part of Morella's program of work for selected tenements within the Sayona earn-in portfolio. Airborne geophysics is being scheduled as well as ground-based methods. A successful geophysics campaign will be followed by further field work to identify and develop the next round of drilling targets at Mallina and other prospective tenements. The priority for Mallina specific geophysics will be the areas subject to historical drilling, areas of know lithium mineralisation. The results from this March-May 2022 campaign may determine the exploration pathway. Co-funded Drilling: As previously advised Morella was awarded a co-funded grant for drill program completed at Mallina. The Company is entitled to claim up to a maximum amount of $150,000 against the direct drilling costs for the completed drilling program. The Co-funded Exploration Drilling Program is the program of the Exploration Incentive Scheme (EIS). The Company will provide half-core samples to DMIRS as part of the project and will allow public access to drill core material after the expiry of the Confidentiality Period.공시 • Apr 27Morella Corporation Limited Announces Fish Lake Valley Project Area Increased by 60%Morella Corporation Limited announced that the claim area of the Fish Lake Valley Lithium Project in Nevada, USA has been increased by approximately 60%. During March 2022, Morella commissioned the pegging of 211 contiguous claims which bound the eastern edge of the existing Project claims, forming an undisrupted total claim area for the Project encompassing approximately 44.4 sq. km. The Project is covered by an Earn in Agreement between Morella and Lithium Corporation whereby Morella is earning into a 60% stake in the Project with options to acquire a 100% interest. Following the preliminary geophysical exploration results outlined in ASX Announcement Geophysical Exploration Update for Fish Lake Valley Lithium Project released 22 February 2022, Morella has committed to increasing the passive seismic survey to include the new claim area. A magnetotelluric survey has also commenced over the new claim area. The raw data, analysis and interpretation of this information is ongoing.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 22Morella Corporation Limited Provides an Update on Exploration Activities Being Undertaken At Both the Mallina Lithium Project and Mt Edon Lithium ProjectMorella Corporation Limited provided an update on exploration activities being undertaken at both the Mallina Lithium Project (E47/2983) and Mt Edon Lithium Project (E59/2092 /E59/2055). Following the establishment of a field camp in late March, the reverse circulation (RC) drill contractor mobilised to the Mallina Project in the second week of April. After completing site and safety management protocols and inductions, drilling work commenced on 18 April 2022. The RC program consists of three collars, each of approximately 150m, in preparation for diamond core tails to 470m. The RC program is expected to be completed within the next week. On 20 April 2022, a second drilling contractor arrived at the Mallina Project and commenced working through site safety management protocols and inductions in preparation for the commencement of diamond core drilling. The core program consists of 1,020m of drilling, will commence 22 April 2022 and is expected to be completed in four to five weeks. As advised in ASX Announcement Heritage and approvals progress sets Mallina Lithium Project ready for drilling released 14 March 2022, Morella has commenced early-stage exploration and field work at the Mt Edon Lithium Project. Mt Edon is located approximately 2km from Paynes Find and approximately 420km north of Perth via the Great Northern Highway. The Project overlies the southern greenstone sequences of the Paynes Find Belt, a 5km wide package of mafic, ultramafic and felsic volcanic rocks. A significant volume of pegmatite dykes/sills cut the greenstone stratigraphy and are the targets for Morella's lithium-focussed exploration activities. Field investigations took place over a five-day period in late March 2022. A small field camp was established on the Project area, with support and logistics readily available from Paynes Find. The Project was traversed by foot and quadbike and the area covered can be seen in figure 3. The focus of the fieldwork was to map and sample pegmatite outcrops within the Project area. Morella is currently awaiting the final report and results from the field work program however it was noted that all the pegmatites observed were deeply weathered with decomposed feldspar leading to friable surface outcrop in almost all instances. Given its physical properties and high-mobility, it is assessed that the heavy weathering may result in depleted grades for lithium at surface. Result and future work programs will be advised to the market in due course.Reported Earnings • Mar 13First half 2022 earnings: EPS and revenues exceed analyst expectationsFirst half 2022 results: EPS: AU$0 (up from AU$0.005 loss in 1H 2021). Revenue: AU$124.0k (up 82% from 1H 2021). Net loss: AU$1.36m (loss narrowed 91% from 1H 2021). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings.공시 • Feb 22Morella Corporation Limited Announces Geophysical Update for Fish Lake Valley Lithium ProjectMorella Corporation Limited announced that it has completed Phase 1 of a Passive Seismic Survey (PSS) on the Fish Lake Valley Lithium Project in Nevada, USA ("the Project"). Additional geophysical survey work has been planned and will commence in the coming week. Morella has engaged US based geology and mining services group Rangefront Mining Services ("Rangefront") to undertake field activities and data collection, the collected data then processed and interpreted by Perth based geophysical consulting group Resource Potentials Pty Ltd. ("Resource Potentials"). Fish Lake Valley is 60km to the west, southwest of the town of Tonopah and equidistant (approximately 280km) to the major Nevada cities of Las Vegas and Reno, with Tesla's Nevada Gigafactory located 37km from Reno. Morella's project area covers the entire Fish Lake Valley salt playa and is located in a well-known, highly prospective lithium region of the USA. The Phase 1 PSS has provided indications of rift basin sediment thickness, layering and possible fault-bounded sub-basin structures. The completion of a Phase 2 PSS and integration of the two data sets will allow for a greater understanding of the entire Project area basin, sub-basins, fault structures, depth and volume potential. This geophysical understanding of the sub-surface structure of the Project will form the development of a future drilling program that will target potential lithium-bearing brine reservoirs. Over the coming weeks, Morella intends to: Deploy field personnel to Fish Lake Valley to complete the Phase 2 PSS data collection. Whilst in the field, conduct calibration and possible extension-line data collection. After data collection/exchange to Resource Potentials, analyse, interpret and 3D model the entire project area. Further, the Phase 1 PSS has supported the planning of additional geophysical exploration in the form of a magnetotelluric ("MT") survey. A MT survey will help determine layering of electrically conductive and resistive features at depth, and whether any interpreted conductive zones in sub-basins may contain lithium bearing brine. US-based MT survey contractors are being engaged at present, with a target survey timeline of March-April 2022. Resource Potentials will be engaged to analyse the MT data and integrate results into the Project's sub-surface model.공시 • Dec 15Altura Mining Limited Announces Fish Lake Valley Lithium Project UpdateAltura Mining Limited announced that it has completed a technical review of the previous exploration work completed on the Fish Lake Valley Lithium Project "the Project". The Project location can be seen in figure 1 and is equidistant (approximately 280km) to the major Nevada cities of Las Vegas and Reno (Reno is 37km from Tesla's Nevada Gigafactory) The Project area is 30km from Albemarle's Silver Peak Mine and 20km from Argosy's Tonopah Lithium project, the Project area covers the entire Fish Lake Valley salt playa. The Project is located in a known lithium producing region of the USA and presents as an excellent exploration opportunity for the Company. Fish Lake Valley Lithium Project Fish Lake Valley is located on the western margin of the Basin and Range province, within "Walker Lane" which is a zone of Miocene structural deformation that trends northwest to southeast, paralleling the trend of the Sierra Madre Mountains in Eastern California. Basin and Range faulting began during the Miocene, it is this tectonism that is responsible for the formation of the Fish Lake Valley Basin. The most prominent structure is the Furnace Creek Fault Zone (FCFZ), which is a north westerly trending right lateral or dextral fault. The Fish Lake Valley Fault Zone lies at the northern terminus of the FCFZ where a classic "pull-apart" basin was created which is responsible for the locally thick deposition of Quaternary sediments, and most likely gave rise to the deep fracture permeability that was critical in the formation of the geothermal systems associated with mineralisation.There has been considerable sedimentation in Fish Lake Valley with abundant clays, silts, sands andgravels transported from the hills surrounding the basin. The valley fill sediments can be quite thick insome basins, although it is thought that they are only moderately developed (300-600m thick) at thenorthern end of Fish Lake Valley given the historic borehole and gravity data available.From multiple company presentations and disclosures, it is clear that the region is highly prospectivefor lithium, Nevada has seen rapid growth in lithium exploration and development projects seeking torecover lithium from both lithium brine and clay-based deposits. Work by Lithium Corporation in 2011 identified an area at the north end of the northernmost playa, approximately 2.0km wide by 3.2km long, where lithium values in brines are more than 50 mg/L, along with elevated boron and potassium levels. This anomalous area encapsulates a more enriched zone which measures approximately 1.40km by 1.62km. Within this enriched zone lithium-in-brine values range from 100 to 150 mg/L, with boron ranging from 1,500 to 2,670 mg/L and potassium from 5,400 to 8,400 mg/L. Previous exploration work completed by Lithium Corporation from 2010 to 2013 includes shallow brine sampling and direct push drilling, it should be noted that the claim boundaries have changed over the years but the most prospective/enriched zone has always been retained and is the primary focus of the Earn in Option Agreement. Lithium Corporation performed two direct-push probing programs on the periphery of the playa, the first in 2010, and the second in 2013. Both programs were planned to be carried out on the playa, but wet conditions forced the drill pads to be located well away from the area of interest, and the holes were drilled mainly on the fringes of the playa, directly adjacent to the gravel roads that ring the playa. In late November 2012 Lithium Corporation completed a 17-hole probing program on the playa, which detected anomalous lithium brine mineralisation at depths down to 24.4m.Board Change • Dec 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Morella가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ASX:1MC 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Dec 251-92030 Sep 251-62030 Jun 251-22031 Mar 25113031 Dec 24143030 Sep 24113030 Jun 241-33031 Mar 241-33031 Dec 231-43030 Sep 231-35030 Jun 230-37031 Mar 231-27031 Dec 221-28030 Sep 221-17030 Jun 22106031 Mar 22006031 Dec 21006030 Sep 210-77030 Jun 210-137031 Mar 2125-448031 Dec 2051-7510030 Sep 2078-8210030 Jun 20106-909031 Mar 20101-679031 Dec 1995-458030 Sep 1967-368030 Jun 1939-279031 Mar 1920-239031 Dec 181-199030 Sep 181-168030 Jun 181-137031 Mar 181-106031 Dec 171-85030 Sep 171-75030 Jun 171-65031 Dec 161-327030 Sep 161-327030 Jun 161-317031 Mar 162-186031 Dec 153-45030 Sep 154-115030 Jun 155-1750양질의 수익: 1MC 은(는) 현재 수익성이 없습니다.이익 마진 증가: 1MC는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 1MC는 수익성이 없지만 지난 5년 동안 연평균 68.9%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 1MC의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 1MC은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(59.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 1MC는 현재 수익성이 없으므로 자본 수익률이 음수(-107.74%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 04:20종가2026/05/22 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Morella Corporation Limited는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Reg SpencerCanaccord GenuityBen CrowleyMacquarie ResearchTom SartorMorgans Financial Limited
Reported Earnings • Mar 14First half 2026 earnings released: AU$0.01 loss per share (vs AU$0 in 1H 2025)First half 2026 results: AU$0.01 loss per share (further deteriorated from AU$0 in 1H 2025). Net loss: AU$3.83m (down 218% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 01Full year 2025 earnings released: AU$0.006 loss per share (vs AU$0.012 loss in FY 2024)Full year 2025 results: AU$0.006 loss per share (improved from AU$0.012 loss in FY 2024). Net loss: AU$1.97m (loss narrowed 36% from FY 2024).
Reported Earnings • Mar 15First half 2025 earnings released: EPS: AU$0.012 (vs AU$0.016 loss in 1H 2024)First half 2025 results: EPS: AU$0.012 (up from AU$0.016 loss in 1H 2024). Net income: AU$3.25m (up AU$7.22m from 1H 2024).
Reported Earnings • Sep 27Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.011 loss in FY 2023)Full year 2024 results: AU$0.001 loss per share. Net loss: AU$3.05m (loss widened 14% from FY 2023).
Reported Earnings • Mar 13First half 2024 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2023)First half 2024 results: AU$0.001 loss per share (further deteriorated from AU$0 in 1H 2023). Net loss: AU$3.97m (loss widened 37% from 1H 2023).
Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AU$0 (vs AU$0 in FY 2022)Full year 2023 results: EPS: AU$0 (in line with FY 2022). Net loss: AU$2.67m (loss widened AU$2.57m from FY 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.
New Risk • May 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$661k revenue, or US$471k). Market cap is less than US$10m (AU$12.4m market cap, or US$8.82m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding).
공시 • May 14Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 39,375,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,225,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,900,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Transaction Features: Subsequent Direct Listing
Reported Earnings • Mar 14First half 2026 earnings released: AU$0.01 loss per share (vs AU$0 in 1H 2025)First half 2026 results: AU$0.01 loss per share (further deteriorated from AU$0 in 1H 2025). Net loss: AU$3.83m (down 218% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
New Risk • Feb 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$636k revenue, or US$453k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$14.7m market cap, or US$10.4m).
New Risk • Feb 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$13.6m (US$9.70m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$636k revenue, or US$452k). Market cap is less than US$10m (AU$13.6m market cap, or US$9.70m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).
공시 • Feb 23Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million.Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 39,375,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,225,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,900,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0024 Transaction Features: Subsequent Direct Listing
공시 • Oct 29Morella Corporation Limited, Annual General Meeting, Nov 28, 2025Morella Corporation Limited, Annual General Meeting, Nov 28, 2025. Location: the offices of pwc, 480 queen street, brisbane, qld 4000 Australia
공시 • Oct 21Morella Corporation Limited announced that it expects to receive AUD 1.4 million in funding from Interra Resources Limited and other investorsMorella Corporation Limited announced private placement of 8% Unsecured Convertible Note for gross proceeds of AUD 1,400,000 on October 20, 2025. The notes carry an interest rate of 8% per annum coupon, payable quarterly in cash. The notes will be matured 36-month from the date of the advance of the funds. On the Maturity Date each Note converts into Shares in full at the Conversion Price. Each Note is convertible at a conversion price equal to a 15% discount to the 20-day VWAP prior to the date of conversion. The notes will be issued in 2 tranches, the first tranche (Tranche A) for AUD 700,000 and second tranche (Tranche B) for AUD 700,000. The transaction includes participation from Company’s substantial shareholders, Interra Resources Limited for AUD 500,000, and aligned professional investors, alongside directors of Morella for Tranche A , and Board of Directors of company for Tranche B. Tranche B is subject to shareholder approval. The settlement of Tranche A is expected to occur on 21 October 2025. Tranche B is subject to, and conditional upon, shareholder approval at the upcoming Annual General Meeting of Shareholder. The Convertible Notes will not be quoted on the ASX.
New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Share price has been highly volatile over the past 3 months (51% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$636k revenue, or US$415k). Minor Risk Market cap is less than US$100m (AU$25.1m market cap, or US$16.3m).
분석 기사 • Oct 01Morella (ASX:1MC) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Oct 01Full year 2025 earnings released: AU$0.006 loss per share (vs AU$0.012 loss in FY 2024)Full year 2025 results: AU$0.006 loss per share (improved from AU$0.012 loss in FY 2024). Net loss: AU$1.97m (loss narrowed 36% from FY 2024).
New Risk • Oct 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$636k revenue, or US$420k). Market cap is less than US$10m (AU$8.47m market cap, or US$5.59m).
New Risk • Sep 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$529k revenue, or US$346k). Market cap is less than US$10m (AU$8.11m market cap, or US$5.30m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end).
Reported Earnings • Mar 15First half 2025 earnings released: EPS: AU$0.012 (vs AU$0.016 loss in 1H 2024)First half 2025 results: EPS: AU$0.012 (up from AU$0.016 loss in 1H 2024). Net income: AU$3.25m (up AU$7.22m from 1H 2024).
New Risk • Feb 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$526k revenue, or US$334k). Market cap is less than US$10m (AU$6.94m market cap, or US$4.40m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
New Risk • Feb 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$526k revenue, or US$331k). Market cap is less than US$10m (AU$7.93m market cap, or US$4.98m).
공시 • Dec 16Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.431137 million.Morella Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.431137 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,176,923 Price\Range: AUD 0.026 Discount Per Security: AUD 0.00156 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,866,790 Price\Range: AUD 0.026 Discount Per Security: AUD 0.00156 Transaction Features: Subsequent Direct Listing
공시 • Oct 29Morella Corporation Limited, Annual General Meeting, Nov 29, 2024Morella Corporation Limited, Annual General Meeting, Nov 29, 2024. Location: the offices of pwc, 480 queen street, brisbane qld 4000, Australia
공시 • Oct 18Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.723662 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.723662 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,879,511 Price\Range: AUD 0.036 Security Features: Attached Options Transaction Features: Rights Offering
Reported Earnings • Sep 27Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.011 loss in FY 2023)Full year 2024 results: AU$0.001 loss per share. Net loss: AU$3.05m (loss widened 14% from FY 2023).
New Risk • Aug 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$371k). Market cap is less than US$10m (AU$9.21m market cap, or US$6.23m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).
New Risk • May 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$12.4m (US$8.17m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.6m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$363k). Market cap is less than US$10m (AU$12.4m market cap, or US$8.17m).
분석 기사 • Mar 14Here's Why Morella (ASX:1MC) Can Afford Some DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Mar 13First half 2024 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2023)First half 2024 results: AU$0.001 loss per share (further deteriorated from AU$0 in 1H 2023). Net loss: AU$3.97m (loss widened 37% from 1H 2023).
New Risk • Mar 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m (AU$549k revenue, or US$363k). Minor Risk Market cap is less than US$100m (AU$24.7m market cap, or US$16.3m).
공시 • Oct 23Morella Corporation Limited, Annual General Meeting, Nov 24, 2023Morella Corporation Limited, Annual General Meeting, Nov 24, 2023, at 11:00 E. Australia Standard Time. Location: The offices of PKF Gold Coast Level 6, RSL Building 9 Beach Road Surfers Paradise Queensland Australia Agenda: To receive the consolidated annual financial report of the Company for the year ended 30 June 2023, together with the Directors' report and the Auditor's report; to consider the Adoption of Remuneration Report; to consider the Re-Election of Allan Charles Buckler as a Director; to consider the Approval of Additional 10% Placement Facility; to consider the Ratification of issue of the Fish Lake Valley First Anniversary Shares; and to discuss other matters.
Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AU$0 (vs AU$0 in FY 2022)Full year 2023 results: EPS: AU$0 (in line with FY 2022). Net loss: AU$2.67m (loss widened AU$2.57m from FY 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.
New Risk • Sep 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (AU$878k revenue, or US$559k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Significant insider selling over the past 3 months (AU$125k sold). Market cap is less than US$100m (AU$43.0m market cap, or US$27.4m).
Reported Earnings • Mar 08First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022)First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$2.90m (loss widened 114% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
공시 • Feb 08Morella Corporation Limited Announces Results from Geophysical Exploration Activities Completed in December 2022 in the Southern Part of the Fish Lake Valley Lithium Project in Nevada, USAMorella Corporation Limited announced the results from geophysical exploration activities completed in December 2022 in the southern part of the Fish Lake Valley Lithium Project in Nevada, USA. Morella commissioned a further Passive Seismic and Magnetotelluric ("MT") Survey of the Project ("December MT Survey") along an additional 2 east-west transects and 1 north-south transect in the south of the Project, in order to identify sub-surface conductivity anomalies that could be caused by brine accumulations with potential to host Lithium mineralisation. Analysis and interpretation has been completed which identified prospective drilling targets with the goal to progress to a Mineral Resource. The December MT Survey was commissioned following the geophysical exploration ("March MT Survey"), detailed in the ASX Announcement - Key Drilling Targets identified at the Fish Lake Valley Lithium Project, released on 28th April 2022. The MT survey work was undertaken by US-based Zonge International Inc. (Zonge). Perth-based geophysical consultants, Resource Potentials, completed QA/QC and inversion modelling of the MT survey data. Interpretation and final reporting are ongoing. The modelled MT resistivity cross sections from the December MT Survey reinforce and expanded upon modelling results from the March MT Survey. In particular, a very high conductivity anomaly is present in the southern most MT survey line resistivity model cross section and is centred approximately 1,000 m depth below surface. This anomaly is likely a continuation of an anomaly identified during the March MT Survey, which is interpreted to be fault bounded, and may be caused by Lithium-brine, saline groundwater and clay- ash deposits. A strong MT conductivity anomaly appears to continue to the west outside of the area covered by the MT survey lines. The overall basin structure appears to be deeper within the central- to-eastern part of the MT survey area before shallowing on the easternmost side. The northernmost E-W oriented survey line appears to show a conductivity west-dipping layer at depth. The December MT Survey has expanded on work previously completed within the Project. The 2D resistivity inversion model cross sections generated from these MT surveys indicate that the high- conductivity anomaly identified during the March MT Survey, which may be caused by brine hosting Lithium in solution, appears to be closed-off to the south and east, but potentially open to the north and west. Drillhole targets originally defined from the March MT Survey have been expanded to facilitate development of a potential Mineral Resource. The next steps are: Award a drilling contract with the drill program aimed at providing brine samples from depth. Enter final stages of permitting, being conducted by US-based McGinley and Associates Inc. on behalf of the Company. Consider 2D reflection seismic to further calibrate the Passive Seismic and MT results and help identify key basin structures and layers to assist drill targeting, hydrogeological modelling and potential resource definition.
공시 • Jan 17Morella Corporation Limited Announces Lithium Mineralisation Confirmed at North Big SmokyMorella Corporation Limited advised that the soil sampling program completed at North Big Smoky Lithium Project (NBS) in September 2022 has identified a large zone of elevated lithium grades across the central part of the project area. The project is located 135 kilometres from Tonopah, and is accessible via Highway 376 in Nevada, USA and comprises 178 placer claims. Morella entered into an earn-in agreement with Lithium Corporation in 2022, whereby Morella has the right to earn a 60% interest in the project, with options to acquire 100% interest. In September 2022, a 259-auger-hole drilling program was executed with the goal of gaining a better understanding of the distribution of lithium in the soils across the NBS deposit. Holes (up to 1.37m total length) were completed. Mineralogical and geochemical samples were sent for assaying to ALS USA Inc. in Twin Falls, Idaho, a certified laboratory. Results in the central part of the NBS deposit show elevated lithium assays up to 499 ppm with over 40% of the assays with grades of 200 ppm lithium or more. Nearly 90% of the deposit shows lithium grades greater than 100 ppm. The area to the east of the sampled area was not sampled as it has thick alluvial cover which sits over the playa and is not suitable for soil sampling. PSS horizontal-to-vertical-spectral ratio (HVSR) in order to generate a map of depth to acoustic bedrock, which can be used to assist identification of structures within the project area and tie-in conductive anomaly features with estimated bedrock depths. Further magnetotelluric geophysical surveys over the remaining claim area after the PSS work has been completed to help model the conductive source.
공시 • Dec 23Morella Corporation Limited Announces North Big Smoky CSAMT SurveyMorella Corporation Limited announced the results of the recently completed geophysical survey work and modelling at its North Big Smoky (NBS) project in Nevada. The survey has identified a high conductivity zone in the project area that is now subject to further investigation. Morella commissioned KLM Geophysics Inc. (KLM) to complete a CSAMT survey within the NBS project area, which is located approximately 50 km south of Austin in Nye County, Nevada. KLM completed the survey over 5 days along a single 2.5 km long survey line planned by Morella within the North Big Smokey claims. Resource Potentials Pty Ltd. (ResPot) then processed and interpreted the CSAMT data. CSAMT data was acquired using a Phoenix RXU-8A 5-channel EM receiver system with non-polarisable electrodes located every 50 m along the survey line to create 50 m long electric field dipoles (Ex), and Phoenix MTC-180 magnetic field sensors located at 250 m intervals along the survey line and oriented orthogonal to the direction of the survey line (Hy). A grounded transmitter bipole was established in a broadside configuration (i.e. parallel to the survey line orientation) approximately 9.8 km SSE of the CSAMT survey line. The grounded bipole was energised using a Phoenix TXU-30A transmitter/controller system with a 30-kW trailer-mounted motor generator, and with a sinusoidal transmitter waveform covering 54 transmitter frequencies geometrically increasing from 1 Hz to 10,000 Hz. Both ResPot and KLM 2D resistivity models of the CSAMT data indicated a deep and high conductivity anomaly starting from approximately 700 m below the eastern part of the CSAMT survey line, which may be caused by brines at depth or conductive lithology. Areas of high conductivity are shown as hotter colours (orange to purple) and areas of lower conductivity (greater resistivity) are shown as cooler colours (white to blue). Black arrows indicate changes in surface soils observed in satellite imagery. Passive seismic (PSS) horizontal-to-vertical-spectral ratio (HVSR) in order to generate a map of depth to acoustic bedrock, which can be used to assist identification of structures within the project area and tie-in conductive anomaly features with estimated bedrock depths. Further Magnetotelluric geophysical surveys over the remaining claim area after the PSS work has been completed to help model the conductive source.
공시 • Dec 07Morella Corporation Limited Provides Drilling Update on the Mallina Lithium ProjectMorella Corporation Limited provided a drilling update on the Mallina Lithium Project (tenement E47/2983). Mallina is located 110 kilometres southwest of Port Hedland and is accessible via the Northwest Coastal Highway in Western Australia. In 2021, Morella executed an earn-in agreement with ASX-listed Sayona Mining Limited, for the right to earn a 51% interest in the lithium rights of Sayona's Pilbara and Gascoyne lithium portfolio. Historical Drilling: Between 2017 and 2018, Reverse Circulation (RC) drilling was completed by Sayona, with 48 holes drilled for 3,568m, delivering 653 RC drill chip samples for analysis. The drill program targeted five discrete identified pegmatite zones. 2022 Drilling Program Results: During 2022 a 5-hole, 1,261m drill program including 2 core tail extensions was completed by Morella, with the objective of targeting theorised tertiary covered pegmatite-ore sheets. Thicker and more consistent pegmatite intrusions do not outcrop at Mallina, however based on mapped surface expressions and drilling interpretation, the Company believes that thicker intersections of pegmatite intrusions can be found at depth. Three (3) RC holes (430m total length) and four diamond core holes (831.4m total length), including two core tail extensions were completed in the 2022 program. Five (5) drill sites were established for the program, including three (3) RC drill sites (with two diamond core tails) and two diamond core sites from surface. Importantly, the standout result from hole M22_004_D (which was drilled down dip) confirms the previous successful work completed by Sayona, intercepting 16.4m @ 1.24% Li2O from 4.6m and 1.0m @ 1.18% Li2O from 46m, with the next round of drilling to test strike and depth extensions of this zone. Morella was awarded a co-funded grant for the drill program recently completed at Mallina. The Company is entitled to claim up to a maximum amount of $150,000 against the direct drilling costs for the completed drilling program. The Co-funded Exploration Drilling Program is the program of the Exploration Incentive Scheme (EIS). The Company will provide half-core samples to DMIRS as part of the project and will allow public access to drill core material after the expiry of the Confidentiality Period. Future Exploration Program: A detailed surface grid soil sampling accompanied by geological mapping and rock chips to follow-up highly anomalous Lithium and Rubidium from soil and rock chip geochemistry; Review and refine existing aeromagnetic and radiometric data to support surface geochemical anomalies; Additional RC and diamond drilling to test thicker intercepts of spodumene-bearing pegmatites to test thickness, direction and dip of the pegmatites.
공시 • Nov 25Morella Corporation Limited Announces the Results of the Deep Ground Penetrating Radar Program At Mt EdonMorella Corporation Limited announced the results of the Deep Ground Penetrating Radar (DGPR) work at the Mt Edon (E59/2092) and Mt Edon West (E59/2055) exploration tenements near Paynes Find located in the Mid West region of Western Australia. The survey, conducted by Ultramag Geophysics Pty Ltd. (Ultramag), was carried out in October and included 23-line km covering four (4) areas of known pegmatites. Results have demonstrated that the DGPR was not only able to identify the known pegmatites but also pinpointed a significant number of additional pegmatites not previously mapped. The focus of the DGPR work was aimed at identification of any sub-surface pegmatites and their relationship to those that had been previously mapped at surface. Ultramag spent six (6) days traversing the four (4) pegmatite zones identified from surface mapping. The base of weathering or unconsolidated alluvium is a pronounced layer and occurs around 20m depth on most profiles. The shape of this interface is useful in determining rock type in this hard rock environment. Existing surface mapping completed by Blackfynn Pty Ltd. identified 53 outcropping pegmatites, some of which can be seen in the image below, however the DGPR work has identified a further 130 pegmatites, with most not expressing at surface. The DPGR work has identified four (4) main target areas for further exploration as shown in Figure 5 below. These targets are based on the density of pegmatite occurrences from the DGPR survey and the previously completed mapping work. The next stages of exploration at Mt Edon will be based around these identified target areas in preparation for testing via a planned drill program.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Oct 27Morella Corporation Limited Announces Direct Lithium Extraction Study Confirms Highly Efficient Lithium Concentrating ProcessMorella Corporation Limited provided an update on the Direct Lithium Extraction (DLE) study being completed by Recion Technologies ("Recion") at Recion's laboratory in Edmonton, Canada. The study is aimed at providing a preliminary assessment of lithium extraction and underlying economics using Recion's technology solution and Fish Lake Valley (FLV) brine. An interim progress report from Recion has provided positive early-stage indications of successful lithium concentration using Recion's ion exchange media (Media) process and FLV brine. The brine sample was obtained from near surface of the playa at FLV and was expected to be highly diluted from surface water, however the testing process focussed on lithium extraction from the brine type or signature of the brine. As part of the next phase of DLE testing Morella will provide brine samples from reservoirs identified in the Passive Seismic and MT surveys completed earlier in 2022. The report has identified that two hours of absorption is sufficient to extract lithium from the brine with extraction efficiency up to 95% using an absorption column configuration. Absorption column configuration has been used in water treatment operations and is known to be scalable using standard/commercially available equipment. Extended testing saw high lithium recoveries, resulting in lithium concentration levels over 600%. Morella provided a 20 litre brine sample to Recion in June 2022, initial testing was conducted at benchtop scale, focusing on understanding how Recion's Media process performed with the FLV brine. To test the lithium extraction rate, a prescribed amount of Media was packed into a column, a prescribed amount of brine then flowed through the column at a prescribed flowrate. Lithium was then desorbed from the column by using acid1 at a prescribed flow rate. Concentrate samples were taken every 30 minutes and analysed for lithium concentration. Recion has identified two hours as the optimal cycle time and ran a set of extended series repeat tests varying Media quantity, flow rates and total brine volume flowing through the column. The results continue to build a body of knowledge on processing options for larger scale testing. Recion also conducted a series of tests to assess the performance of the Media process for extended cycles of lithium absorption and desorption. Observations identified that the Media process performed consistently achieving 80-95% lithium extraction over more than 2 months of operation. Recion also tested Media which had been used for more than 8 months and achieved a high lithium extraction rate. The performance of the process over repeat cycles is a key area of interest to support developing an economic model around the use of DLE technology to underpin the FLV Project. Media performance testing is ongoing. The Recion testwork on the FLV brine has determined the following conclusions: 2 hours was sufficient timeframe to extract lithium from the provided brine sample with an extraction efficiency up to 95% using an absorption column configuration; Processing of the brine in the column results in a high lithium recovery and lithium can be concentrated by a factor of 7-9 up to ~400-500 ppm depending on recovery; Desorption can be completed in 1-2 hours; however, 2 hours is recommended to ensure full recovery of lithium from the sorbent; The absorption column configuration is a well-known modular configuration which has been used in water treatment for decades and can be scaled up using standard equipment; and Preliminary economics have been determined and will be refined following the provision of more representative deeper reservoir samples from the upcoming drill program. The DLE study will continue with Morella recently providing additional brine material to Recion. A primary objective of the next phase of testing is to generate enough concentrated lithium in solution to allow for continued processing at benchtop scale and production of lithium chemicals from the FLV brine. Morella is currently in the final stages of permitting and a drill contract has been awarded for a drill program aimed at providing brine samples from depth at the FLV project. The Company expects that drilling will commence in the latter part of fourth quarter 2022 once all regulatory approvals have been received. Morella has also commenced initial discussions on using Recion's recently built field prototype and potential field pilot and will advise the market in due course.
공시 • Oct 26Morella Corporation Limited, Annual General Meeting, Nov 25, 2022Morella Corporation Limited, Annual General Meeting, Nov 25, 2022, at 11:00 E. Australia Standard Time. Location: 480 Queen Street Brisbane Queensland Australia Agenda: To consider ADOPTION OF REMUNERATION REPORT; to RE-ELECTION OF DENNIS (DAN) O'NEILL AS A DIRECTOR; to consider APPROVAL OF ADDITIONAL 10% PLACEMENT FACILITY; to consider APPROVAL OF MORELLA EXECUTIVE INCENTIVE PLAN; to consider RATIFICATION OF THE ISSUE OF THE CANACCORD OPTIONS; and to consider other matters.
Reported Earnings • Sep 25Full year 2022 earnings released: EPS: AU$0 (vs AU$0.004 loss in FY 2021)Full year 2022 results: EPS: AU$0 (improved from AU$0.004 loss in FY 2021). Revenue: AU$788.9k (up 492% from FY 2021). Net loss: AU$97.9k (loss narrowed 99% from FY 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
공시 • Sep 20Morella Corporation Limited Announces Completion of First On-Ground Works At the North Big Smoky Lithium ProjectMorella Corporation Limited announced that it has completed its first on-ground works at the North Big Smoky Lithium Project, with the conclusion of a detailed soils program. Having recently secured the North Big Smoky Project through an earn-in arrangement. Morella planned and executed the program to build its knowledge base on the Project. The soils program was completed over the period 16 - 18 September 2022, with all samples now enroute to an independent laboratory for analysis. Program Structure: The soils program was designed to focus on the western half of the project area due to what is assessed as a control structure dissecting the contiguous claims area in a north south direction. The program sourced 272 samples via use of a powered auger, to allow sampling at a depth of up to 1.37m below surface. In some instances, caliche/calcrete was intercepted by the auger, and in such events, the field crew utilised small hand tools to ensure adequate sample depth was achieved. All sampling and sample preparation was supervised by a Certified Professional Geologist. Future works: All samples have been prepared and are on route to an independent laboratory in the United Stateswith assay results expected to be provided in one to two months and will be released to the market in due course. Morella has also scheduled an initial magentotelluric ("MT") survey at North Big Smoky, which is intended to identify sub-surface areas of mineral concentration. The combination of MT survey and soils program will shape and guide future exploration efforts at North Big Smoky. The MT Survey is programed for completion in Fourth Quarter 2022 and based on the same principles utilized successfully at the Company's Fish Lake Valley project located south of North Big Smoky.
공시 • Sep 19Morella Corporation Limited Announces Alex Cheeseman Tendered His Resignation as Chief Executive Officer, Effective 7 October 2022Morella Corporation Limited advised that the Morella Corporation Limited's Chief Executive Officer (CEO) Mr. Alex Cheeseman has tendered his resignation. Under Mr. Cheeseman's employment contract he is required to give the Company 6 (six) months' notice when tendering his resignation, however, due to circumstances the Company has decided to release Mr. Cheeseman with a reduced notice period effective 7 October 2022. The Company has taken this opportunity to restructure its management team and as a result, Morella does not intend to refill the position of CEO with the duties formally associated with the position absorbed by the Managing Director Mr. James Brown and other executives within the Company.
공시 • Sep 14Morella Corporation Limited Announces Airborne Geophysics Exploration Underway in the PilbaraMorella Corporation Limited announced that exploration activities in the Pilbara are underway. Following a detailed and systematic review of historical physical and geophysics exploration results and open-source geological data, the company has commenced airborne geophysical exploration targeting settings conducive to, and with regional precedence of, lithium mineralisation. All activities, which have been deemed as low-level exploration, have been planned in consultation with respective Traditional Owners and Pastoralists. A broad Pilbara-wide airborne geophysics survey commenced on 10 September 2022. The survey will capture high-resolution data to build on the historical data available to Morella. The survey covers several tenements included in the Morella-Sayona earn-in agreement, where Morella is well advanced towards achieving the earn-in obligation milestone. The intended airborne survey lines across select Of particular focus will be the Tabba Tabba East (E45/4703) tenement. This tenement is located approximately 25 kilometers north of Pilgangoora, one of the largest hard rock lithium deposits in the world. Assessment of open-source regional geology and geophysical information suggests that it is within a Mesoarchean magmatic-metallogenic province of Northern Australia which is prospective for lithium-tantalum, gold and copper. The tenement overlies fertile Monzogranitic rocks which have been transected by the NE-SW-trending Wodgina Fault. To date the tenement has been relatively underexplored and may host lithium-bearing pegmatite intrusions. The company has identified several target areas at Tabba Tabba East that warrant more detailed field-based exploration activities. Immediate efforts will focus on airborne geophysical survey, reconnaissance mapping and sampling at areas identified in preparation for a more systematic grid soil sampling and geological mapping program.
공시 • Sep 01Morella Corporation Limited Advises Further Results from Geophysical Exploration Activities Completed At the Fish Lake Valley Lithium Project in Nevada, USAMorella Corporation Limited advises further results from geophysical exploration activities completed at the Fish Lake Valley Lithium Project in Nevada, USA. From July to August 2022, Morella completed a second phase of magnetotelluric ("MT") surveying over the northern part of the Project area. A composite cross section (looking north east) of the four MT survey lines completed to date. The MT survey was designed to be complementary to a previous MT survey conducted in the southern portion of the Project area in December 2021 to April 2022. MT survey data was acquired by US-based Zonge International Inc. ("Zonge") during July 2022 using the `Zen' EMAP system, with 2D resistivity inversion modelling of the MT survey data using CGG Geotools, completed by Perth-based Resource Potentials in August 2022. 2D resistivity inversion modelling of the MT survey data produced a distinct, very high conductivity (<2 Ohmm) anomaly in the west, within a broader high conductivity (<4 Ohmm) anomaly zone, which may be caused by lithium bearing brines at 300m depth and near a vertical fault (it is also possible the high conductivities are in part, associated with increased clay content). The MT inversion modelling results also show a shallow, very high conductivity (<1 Ohmm) layer is present from surface and extending to approximately 30m depth below surface, which may be caused be a shallow layer of lithium sediments with very saline groundwater at or just beneath the ground surface.
공시 • Aug 12Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million.Morella Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 450,000,000 Price\Range: AUD 0.015 Discount Per Security: AUD 0.00075 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 50,000,000 Price\Range: AUD 0.015 Transaction Features: Subsequent Direct Listing
공시 • Jun 23Morella Corporation Limited Announces Lithium Targets Identified At Mt Edon Project in Western AustraliaMorella Corporation Limited announced the results from a successful surface mapping and sampling program completed at Mt Edon (E59/2092) and Mt Edon West (E59/2055) near Paynes Find, in the mid-west of Western Australia. A total of 53 pegmatite outcrops were mapped over a five-day period in the field. Some pegmatites were sampled, and the rock chip assay results indicate the potential of this area for future lithium exploration. The focus of the field program was to map and sample pegmatite outcrops within the Project area. A total of 53 pegmatite outcrops were mapped ranging from approximately one to 40 metres in apparent thickness at outcrop. It was observed that a pegmatite covering a larger surface area appeared to be a sill, as compared to the remainder of the mapped pegmatites which were interpreted as being dykes. The mapped pegmatites were observed as having a deeply weathered, friable surface. Generally, the rock was seen to be a heterogenous mixture of weathered feldspar crystals up to 45cm in length, quartz crystals up to 60cm in length and mica "books" up to 15cm in width. Mica was observed in veins ranging from 5-60cm in width. Although weathered, some of the pegmatites indicated potential lithium mineralisation. Most of the pegmatites are dykes that crosscut the mafic volcanics in a north-northwest direction. An additional pegmatite outcrop interpreted to be a sill was found in the central section of the E59/2092 tenement in a sub-parallel orientation to the surrounding weakly foliated mafic country rock. Figure 1 shows the key pegmatites mapped during the field program and target areas identified from analysing the pegmatites mapped during the March 2022 field work program. Morella notes that a his early stage, target areas have been developed based on a multi-element analysis rather than just ithium content. A total of 32 samples were taken across the mapped pegmatites. Each sample consists of rock chips taken across each outcrop to account for zonation and to provide a representative sample. Figure 2 shows sample locations on a background of mapped lithology. Samples were sent to an independent, accredited laboratory for full elemental assay. Samples were assayed for a standard multi-element lithium suite including rare earth elements using the process of a 4-acid digest followed by ICP-MS for detection. The sample results listed in Table 1 were collected from weathered outcrops and are interpreted toindicate potential subsurface lithium mineralisation. The interpreted results from the field program suggest that there are several prospective targets for lithium-bearing pegmatites within the Project area. Several of the pegmatites were mapped as being narrow and discontinuous, but some were mapped as having a substantial apparent thickness and continuity that may evolve into a commercially viable mining opportunity, subject to adequate mineral endowment. The mapped and sampled pegmatites displayed significant weathering which may explain the depleted surface lithium grades. Morella is reviewing geophysical techniques to support developing a better understanding of the subsurface potential of the Project area to quantify potential drilling targets. It is noted that future drilling below the weathered zone would assist in the determination of the subsurface lithium-bearing potential of the Project area.
공시 • Jun 14Morella Corporation Limited Announces Direct Lithium Extraction Test Work BeginsMorella Corporation Limited announce that direct lithium extraction ("DLE") process development work has commenced on brine material from the Fish Lake Valley Lithium Project, located in Nevada, USA. The DLE study ("Study") is being completed by Recion Technologies ("Recion") at Recion's laboratory in Edmonton, Canada. The Study is aimed at providing a preliminary economic assessment of lithium extraction using Recion's technology solution and Fish Lake Valley brine. The Study will be completed at benchtop scale and is expected to be completed in 10-12 weeks. To fully assess the amenability of Fish Lake Valley brine, Recion has presented a staged approach to development of the technologies to be used to successfully extract, concentrate and ultimately produce a lithium chemical product. The first stage (benchtop scale) has commenced and is expected to take 10-12 weeks to complete. Following completion of this stage of the Study, Recion will report on operating economic factors based on feed grade of the brine sample. The economic factors will include reagent consumption, sorbent costs, recovery rates, power consumption, water consumption and tailings composition. The Study commenced this week with sieving and filtering brine material in preparation for process testwork. 5 micron filter was used first, followed by a 1 micron filter. Recion will analyse all captured deleterious elements as part of the Study to understand tailings composition and shape future management plans.
공시 • Jun 06Morella Corporation Limited Completes Exploration Drilling at the Mallina Lithium ProjectMorella Corporation Limited announced that it has completed exploration drilling at the Mallina Lithium Project (tenement E47/2983). The drilling program commenced in late March 2022, with the clearing of drill pads and establishment of a field camp. The reverse circulation (RC) drill contractor mobilised to the Mallina Project in the second week of April, after completing site and safety management protocols and inductions with RC drilling commencing on 18 April 2022. Subsequently, the Diamond Core drill contractor arrived at the Project, completed relevant safety and site management protocols, and commenced core drilling on 22 April 2022. The planned program was designed with the dual objectives of intersecting hybrid dykes at Pegmatite 2 and Area C prospects at depth and testing for blind primary pegmatite sheets at depth. RC drilling concluded on 26 April 2022 and the core drilling concluded on 27 May 2022. All drilling was completed safely and without incident. Three RC holes (430m) and four diamond core holes (831.4 m), including two core tail extensions were completed. Five drill sites were used for this program, including three RC drill sites (with two diamond core tails) and two diamond core sites from surface. Fine grained spodumene quartz intergrowths within aplite intrusive intervals were observed in the drill core. The RC chips and drill core were logged on site by a geological team and samples have been prepared for mineralogical studies and geochemical assay work to be completed at an independent laboratory in Perth. All RC chips and core samples are currently being consolidated at Port Hedland ready for transportation to Perth. Mineralised intervals will be reported as and when the results are made available to the Company. Future Works: While the Company commences the logistics efforts to transfer RC chips and core samples from Mallina to Perth in readiness for mineralogy and assay testing (the results of which are expected to take two- three months from commencement of work in Perth), the Mallina Lithium Project will be subject to further exploration efforts as part of Morella's program of work for selected tenements within the Sayona earn-in portfolio. Airborne geophysics is being scheduled as well as ground-based methods. A successful geophysics campaign will be followed by further field work to identify and develop the next round of drilling targets at Mallina and other prospective tenements. The priority for Mallina specific geophysics will be the areas subject to historical drilling, areas of know lithium mineralisation. The results from this March-May 2022 campaign may determine the exploration pathway. Co-funded Drilling: As previously advised Morella was awarded a co-funded grant for drill program completed at Mallina. The Company is entitled to claim up to a maximum amount of $150,000 against the direct drilling costs for the completed drilling program. The Co-funded Exploration Drilling Program is the program of the Exploration Incentive Scheme (EIS). The Company will provide half-core samples to DMIRS as part of the project and will allow public access to drill core material after the expiry of the Confidentiality Period.
공시 • Apr 27Morella Corporation Limited Announces Fish Lake Valley Project Area Increased by 60%Morella Corporation Limited announced that the claim area of the Fish Lake Valley Lithium Project in Nevada, USA has been increased by approximately 60%. During March 2022, Morella commissioned the pegging of 211 contiguous claims which bound the eastern edge of the existing Project claims, forming an undisrupted total claim area for the Project encompassing approximately 44.4 sq. km. The Project is covered by an Earn in Agreement between Morella and Lithium Corporation whereby Morella is earning into a 60% stake in the Project with options to acquire a 100% interest. Following the preliminary geophysical exploration results outlined in ASX Announcement Geophysical Exploration Update for Fish Lake Valley Lithium Project released 22 February 2022, Morella has committed to increasing the passive seismic survey to include the new claim area. A magnetotelluric survey has also commenced over the new claim area. The raw data, analysis and interpretation of this information is ongoing.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 22Morella Corporation Limited Provides an Update on Exploration Activities Being Undertaken At Both the Mallina Lithium Project and Mt Edon Lithium ProjectMorella Corporation Limited provided an update on exploration activities being undertaken at both the Mallina Lithium Project (E47/2983) and Mt Edon Lithium Project (E59/2092 /E59/2055). Following the establishment of a field camp in late March, the reverse circulation (RC) drill contractor mobilised to the Mallina Project in the second week of April. After completing site and safety management protocols and inductions, drilling work commenced on 18 April 2022. The RC program consists of three collars, each of approximately 150m, in preparation for diamond core tails to 470m. The RC program is expected to be completed within the next week. On 20 April 2022, a second drilling contractor arrived at the Mallina Project and commenced working through site safety management protocols and inductions in preparation for the commencement of diamond core drilling. The core program consists of 1,020m of drilling, will commence 22 April 2022 and is expected to be completed in four to five weeks. As advised in ASX Announcement Heritage and approvals progress sets Mallina Lithium Project ready for drilling released 14 March 2022, Morella has commenced early-stage exploration and field work at the Mt Edon Lithium Project. Mt Edon is located approximately 2km from Paynes Find and approximately 420km north of Perth via the Great Northern Highway. The Project overlies the southern greenstone sequences of the Paynes Find Belt, a 5km wide package of mafic, ultramafic and felsic volcanic rocks. A significant volume of pegmatite dykes/sills cut the greenstone stratigraphy and are the targets for Morella's lithium-focussed exploration activities. Field investigations took place over a five-day period in late March 2022. A small field camp was established on the Project area, with support and logistics readily available from Paynes Find. The Project was traversed by foot and quadbike and the area covered can be seen in figure 3. The focus of the fieldwork was to map and sample pegmatite outcrops within the Project area. Morella is currently awaiting the final report and results from the field work program however it was noted that all the pegmatites observed were deeply weathered with decomposed feldspar leading to friable surface outcrop in almost all instances. Given its physical properties and high-mobility, it is assessed that the heavy weathering may result in depleted grades for lithium at surface. Result and future work programs will be advised to the market in due course.
Reported Earnings • Mar 13First half 2022 earnings: EPS and revenues exceed analyst expectationsFirst half 2022 results: EPS: AU$0 (up from AU$0.005 loss in 1H 2021). Revenue: AU$124.0k (up 82% from 1H 2021). Net loss: AU$1.36m (loss narrowed 91% from 1H 2021). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings.
공시 • Feb 22Morella Corporation Limited Announces Geophysical Update for Fish Lake Valley Lithium ProjectMorella Corporation Limited announced that it has completed Phase 1 of a Passive Seismic Survey (PSS) on the Fish Lake Valley Lithium Project in Nevada, USA ("the Project"). Additional geophysical survey work has been planned and will commence in the coming week. Morella has engaged US based geology and mining services group Rangefront Mining Services ("Rangefront") to undertake field activities and data collection, the collected data then processed and interpreted by Perth based geophysical consulting group Resource Potentials Pty Ltd. ("Resource Potentials"). Fish Lake Valley is 60km to the west, southwest of the town of Tonopah and equidistant (approximately 280km) to the major Nevada cities of Las Vegas and Reno, with Tesla's Nevada Gigafactory located 37km from Reno. Morella's project area covers the entire Fish Lake Valley salt playa and is located in a well-known, highly prospective lithium region of the USA. The Phase 1 PSS has provided indications of rift basin sediment thickness, layering and possible fault-bounded sub-basin structures. The completion of a Phase 2 PSS and integration of the two data sets will allow for a greater understanding of the entire Project area basin, sub-basins, fault structures, depth and volume potential. This geophysical understanding of the sub-surface structure of the Project will form the development of a future drilling program that will target potential lithium-bearing brine reservoirs. Over the coming weeks, Morella intends to: Deploy field personnel to Fish Lake Valley to complete the Phase 2 PSS data collection. Whilst in the field, conduct calibration and possible extension-line data collection. After data collection/exchange to Resource Potentials, analyse, interpret and 3D model the entire project area. Further, the Phase 1 PSS has supported the planning of additional geophysical exploration in the form of a magnetotelluric ("MT") survey. A MT survey will help determine layering of electrically conductive and resistive features at depth, and whether any interpreted conductive zones in sub-basins may contain lithium bearing brine. US-based MT survey contractors are being engaged at present, with a target survey timeline of March-April 2022. Resource Potentials will be engaged to analyse the MT data and integrate results into the Project's sub-surface model.
공시 • Dec 15Altura Mining Limited Announces Fish Lake Valley Lithium Project UpdateAltura Mining Limited announced that it has completed a technical review of the previous exploration work completed on the Fish Lake Valley Lithium Project "the Project". The Project location can be seen in figure 1 and is equidistant (approximately 280km) to the major Nevada cities of Las Vegas and Reno (Reno is 37km from Tesla's Nevada Gigafactory) The Project area is 30km from Albemarle's Silver Peak Mine and 20km from Argosy's Tonopah Lithium project, the Project area covers the entire Fish Lake Valley salt playa. The Project is located in a known lithium producing region of the USA and presents as an excellent exploration opportunity for the Company. Fish Lake Valley Lithium Project Fish Lake Valley is located on the western margin of the Basin and Range province, within "Walker Lane" which is a zone of Miocene structural deformation that trends northwest to southeast, paralleling the trend of the Sierra Madre Mountains in Eastern California. Basin and Range faulting began during the Miocene, it is this tectonism that is responsible for the formation of the Fish Lake Valley Basin. The most prominent structure is the Furnace Creek Fault Zone (FCFZ), which is a north westerly trending right lateral or dextral fault. The Fish Lake Valley Fault Zone lies at the northern terminus of the FCFZ where a classic "pull-apart" basin was created which is responsible for the locally thick deposition of Quaternary sediments, and most likely gave rise to the deep fracture permeability that was critical in the formation of the geothermal systems associated with mineralisation.There has been considerable sedimentation in Fish Lake Valley with abundant clays, silts, sands andgravels transported from the hills surrounding the basin. The valley fill sediments can be quite thick insome basins, although it is thought that they are only moderately developed (300-600m thick) at thenorthern end of Fish Lake Valley given the historic borehole and gravity data available.From multiple company presentations and disclosures, it is clear that the region is highly prospectivefor lithium, Nevada has seen rapid growth in lithium exploration and development projects seeking torecover lithium from both lithium brine and clay-based deposits. Work by Lithium Corporation in 2011 identified an area at the north end of the northernmost playa, approximately 2.0km wide by 3.2km long, where lithium values in brines are more than 50 mg/L, along with elevated boron and potassium levels. This anomalous area encapsulates a more enriched zone which measures approximately 1.40km by 1.62km. Within this enriched zone lithium-in-brine values range from 100 to 150 mg/L, with boron ranging from 1,500 to 2,670 mg/L and potassium from 5,400 to 8,400 mg/L. Previous exploration work completed by Lithium Corporation from 2010 to 2013 includes shallow brine sampling and direct push drilling, it should be noted that the claim boundaries have changed over the years but the most prospective/enriched zone has always been retained and is the primary focus of the Earn in Option Agreement. Lithium Corporation performed two direct-push probing programs on the periphery of the playa, the first in 2010, and the second in 2013. Both programs were planned to be carried out on the playa, but wet conditions forced the drill pads to be located well away from the area of interest, and the holes were drilled mainly on the fringes of the playa, directly adjacent to the gravel roads that ring the playa. In late November 2012 Lithium Corporation completed a 17-hole probing program on the playa, which detected anomalous lithium brine mineralisation at depths down to 24.4m.
Board Change • Dec 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. MD & Executive Director James Brown was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.