# 1MC: Company Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152512 Publisher: asx Original announcement: 2026-10-14T08:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T09:06:55.852Z Atlas analysis updated: 2026-10-14T09:06:55.852Z - Company: Morella Corporation Limited - Ticker: 1MC - Exchange: ASX - Region: Unavailable - Primary commodity: Rubidium - Secondary commodities: Lithium, Titanium, Vanadium - Document categories: Resource update, Metallurgy - Extracted: 2026-10-14 09:06:56 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Morella Corporation Limited announced a maiden Inferred Mineral Resource for its Mt Edon project, totaling 5.44 Mt at 0.16% Rb₂O for 8,300 tonnes of contained Rb₂O, prepared under JORC 2012. This initial resource establishes a baseline for the project, with further growth opportunities identified. Additionally, Phase 2 metallurgical testwork demonstrated a peak rubidium extraction of 93.6% into solution, supporting future process development. Reasoning: Morella Corporation announced a maiden Inferred Mineral Resource for rubidium at its Mt Edon project, establishing a significant baseline. Concurrently, Phase 2 metallurgical testwork showed high rubidium extraction, which is positive for future development, despite the early-stage nature of the resource and the need for further processing work. - Positive factor: Maiden Inferred Resource established - Positive factor: High rubidium extraction rates demonstrated in testwork - Positive factor: JORC 2012 compliant resource - Positive factor: Resource growth potential identified - Negative factor: Resource is entirely Inferred, indicating early stage - Negative factor: No economic contribution from lithium or tantalum included in resource assessment - Negative factor: Laboratory extraction does not establish overall process recovery or commercial viability Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 7 ## Classification and evidence **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-0) Mt Edon · rubidium #### Identity - Project: Mt Edon - Commodity: rubidium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:273819862dc9d68a6203 - Deposit or zone: Sophie - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4500000 - Grade: 0.16 - Grade Unit: % - Contained Metal: 7100 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Maiden Inferred resource for rubidium at Sophie deposit, establishing a baseline for the project. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.16 Context: 4.50 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 4.50 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-1) Mt Edon · lithium #### Identity - Project: Mt Edon - Commodity: lithium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:273819862dc9d68a6203 - Deposit or zone: Sophie - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4500000 - Grade: 0.07 - Grade Unit: % - Contained Metal: 3100 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Maiden Inferred resource for lithium at Sophie deposit, but not considered for economic assessment. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred - Negative factor: No economic contribution from lithium included in assessment Evidence · table > 0.07 Context: 4.50 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 4.50 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-2) Mt Edon · rubidium #### Identity - Project: Mt Edon - Commodity: rubidium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:b0ee2d5bb4a2ca3bc6d7 - Deposit or zone: Miles & June - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 940000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 1200 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Maiden Inferred resource for rubidium at Miles & June deposit, contributing to the overall project resource. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.13 Context: 0.94 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 0.94 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-3) Mt Edon · lithium #### Identity - Project: Mt Edon - Commodity: lithium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:b0ee2d5bb4a2ca3bc6d7 - Deposit or zone: Miles & June - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 940000 - Grade: 0.05 - Grade Unit: % - Contained Metal: 470 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Maiden Inferred resource for lithium at Miles & June deposit, but not considered for economic assessment. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred - Negative factor: No economic contribution from lithium included in assessment Evidence · table > 0.05 Context: 0.94 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 0.94 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-4) Mt Edon · rubidium #### Identity - Project: Mt Edon - Commodity: rubidium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:4a3c18361642ca326119 - Deposit or zone: Total - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5440000 - Grade: 0.16 - Grade Unit: % - Contained Metal: 8300 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Total maiden Inferred resource for rubidium at Mt Edon, establishing a project-wide baseline. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.16 Context: 5.44 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 5.44 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-resource-facts-5) Mt Edon · lithium #### Identity - Project: Mt Edon - Commodity: lithium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Julian Aldridge, Susan Havlin - Resource group id: resource:4a3c18361642ca326119 - Deposit or zone: Total - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5440000 - Grade: 0.07 - Grade Unit: % - Contained Metal: 3600 - Contained Unit: t - Cutoff Grade: 0.1 - Cutoff Unit: % Rb2O #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Total maiden Inferred resource for lithium at Mt Edon, but not considered for economic assessment. - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred - Negative factor: No economic contribution from lithium included in assessment Evidence · table > 0.07 Context: 5.44 #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal resource estimate for the project. Evidence · text > MAIDEN INFERRED RESOURCE **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: 5.44 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## Metallurgical Results (1) ### laboratory-scale testwork [Link to this fact](https://atlas-staging.minestarters.com/news/1mc-company-presentation--2845ad6b-5a20-42a0-a32c-6a2e605d4116#fact-metallurgical-facts-6) Mt Edon · rubidium #### Identity - Project: Mt Edon - Commodity: rubidium - Region: australia\_wa - Reported Region: Western Australia - Ticker: 1MC #### Test Work - Program Status: preliminary - Test Type: laboratory-scale testwork - Processing Route: roast / leach route - Sample: ECU Phase 2 testwork #### Recovery - Recovery: 93.6 % - Recovery Basis: actual\_test #### Lab - Laboratory: Edith Cowan University \(ECU\) - Consultant: NeoMet Engineering Pty Ltd #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: High rubidium extraction achieved in laboratory-scale testwork is a positive step for product development, though further work is needed for commercial viability. - Positive factor: High Recovery - Positive factor: QP/CP Signed - Negative factor: Bench Scale Only - Negative factor: Laboratory extraction does not establish overall process recovery or commercial viability Evidence · text > 93.6% PEAK Laboratory extraction into solution ECU Phase 2 testwork ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.