Mt Edon Drilling Reinforces Broad Rubidium Mineralisation 12 pages 1.2MB

Original announcement by asx on

Company
Morella Corporation Limited
Ticker
1MC
Exchange
ASX
Region
Western Australia
Primary commodity
Rubidium
Secondary commodities
Lithium
Document categories
Drill results, Resource update
Extracted
2026-10-01 02:11:01 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Morella Corporation announced initial drill results from its Mt Edon Project in Western Australia, confirming broad rubidium mineralisation with high-grade intercepts up to 0.51% Rb2O and associated lithium credits. These results, which include significant widths such as 54m @ 0.17% Rb2O, will be incorporated into a maiden JORC Mineral Resource Estimate currently in progress. The drilling has improved the understanding of the Sophie pegmatite's continuity and extent, with further assay results pending.

Reasoning: Morella Corporation announced strong initial drill results from its Mt Edon Project, confirming broad and high-grade rubidium mineralisation, with associated lithium credits. These results are crucial for the upcoming maiden JORC Mineral Resource Estimate, indicating significant progress towards de-risking the project. The continuity and extent of mineralisation have been improved, providing increased confidence in the project's potential.

Positive factors

  • Broad rubidium mineralisation confirmed across multiple pegmatites
  • High-grade rubidium intercepts up to 0.51% Rb2O
  • Drilling confirms continuity and extent of mineralisation at Sophie Prospect
  • Results will be incorporated into a maiden JORC Mineral Resource Estimate
  • Lithium credits enhance potential project economics
  • Comprehensive QA/QC procedures disclosed, including certified lab and QP sign-off

Negative factors

  • True width of mineralisation is not known for reported intercepts
  • Remaining assay results are pending, so full picture is not yet available

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 30

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release includes detailed QA/QC disclosure in JORC Table 1, mentioning certified lab (ALS Global), QP sign-off (Mr Henry Thomas), and methods like duplicates, standards (CRM), and blanks.

Evidence · text

“Assay samples were dispatched to ALS Global in Perth, a certified laboratory. ... 17 Sample duplicates, 11 samples of Certified Reference Material (CRM), and 3 blanks were inserted into the sample sequence for QA/QC purposes. ... Mr Henry Thomas, who is a Member of the Australasian Institute of Mining and Metallurgy and is the Exploration Manager employed by Morella Corporation. Mr Henry Thomas consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The release clearly states the cut-off grades and internal dilution rules used for reporting intervals: 0.05% Rb2O low-cutoff with 2m internal dilution for main intercepts, and 0.2% Rb2O low-cutoff with no internal dilution for higher-grade intervals.

Evidence · text

“The calculated intercepts are generated using a 0.05% Rb2O low-cutoff with an allowance for 2m of internal dilution. • Higher grade intervals are calculated with a 0.2% Rb2O low-cutoff with no internal dilution.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that only downhole lengths are reported and the true width of the mineralisation is not known.

Evidence · text

“The true width of the mineralisation is not known, only down hole length is reported.”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The company is progressing towards a maiden JORC Mineral Resource Estimate for the Mt Edon Project.

Evidence · text

“Maiden JORC Mineral Resource Estimate in progress”

Extracted facts

Stored fact records: 30. Some facts used in scoring do not have a stored record.

Drill Results (30)

MER034Mt Edon · rubidiumGrade: 0.15Grade Unit: %Intercept: 41 mView all details
Link to this fact

Identity

Hole ID
MER034
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.15
Grade Unit
%
Intercept
41 m
From
75 m
To
116 m
Hole Depth
120 m
Intercept Depth
75 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER034:75-116
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564894
Northing
6757077
Elevation
350 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 41m intercept at 0.15% Rb2O is a significant width, contributing positively to the understanding of the rubidium mineralisation continuity for the upcoming MRE.

Positive factors

  • Broad intercept length of 41m
  • Grade of 0.15% Rb2O contributes to resource definition

Negative factors

  • True width not known

Evidence · table

“0.15”

Context: 41

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER034Mt Edon · lithiumGrade: 0.067Grade Unit: %Intercept: 41 mView all details
Link to this fact

Identity

Hole ID
MER034
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.067
Grade Unit
%
Intercept
41 m
From
75 m
To
116 m
Hole Depth
120 m
Intercept Depth
75 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER034:75-116
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564894
Northing
6757077
Elevation
350 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.067% Li2O over 41m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.067”

Context: 41

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER034Mt Edon · rubidiumGrade: 0.22Grade Unit: %Intercept: 10 mView all details
Link to this fact

Identity

Hole ID
MER034
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.22
Grade Unit
%
Intercept
10 m
From
83 m
To
93 m
Hole Depth
120 m
Intercept Depth
75 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER034:83-93
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564894
Northing
6757077
Elevation
350 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 10m intercept at 0.22% Rb2O represents a higher-grade zone within the broader mineralisation, positively impacting the overall resource potential.

Positive factors

  • Higher grade sub-interval within a broader zone
  • Grade of 0.22% Rb2O is strong for rubidium

Negative factors

  • True width not known

Evidence · table

“0.22”

Context: 10

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER034Mt Edon · lithiumGrade: 0.067Grade Unit: %Intercept: 10 mView all details
Link to this fact

Identity

Hole ID
MER034
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.067
Grade Unit
%
Intercept
10 m
From
83 m
To
93 m
Hole Depth
120 m
Intercept Depth
75 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER034:83-93
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564894
Northing
6757077
Elevation
350 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.067% Li2O over 10m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.067”

Context: 10

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · rubidiumGrade: 0.23Grade Unit: %Intercept: 40 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.23
Grade Unit
%
Intercept
40 m
From
57 m
To
97 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:57-97
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 40m intercept at 0.23% Rb2O is a strong result, reinforcing the broad rubidium mineralisation and supporting the upcoming MRE.

Positive factors

  • Broad intercept length of 40m
  • Grade of 0.23% Rb2O is strong for rubidium

Negative factors

  • True width not known

Evidence · table

“0.23”

Context: 40

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · lithiumGrade: 0.063Grade Unit: %Intercept: 40 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.063
Grade Unit
%
Intercept
40 m
From
57 m
To
97 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:57-97
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.063% Li2O over 40m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.063”

Context: 40

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · rubidiumGrade: 0.34Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.34
Grade Unit
%
Intercept
1 m
From
60 m
To
61 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:60-61
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 1m intercept at 0.34% Rb2O is a very high-grade rubidium result, indicating localized high-grade zones within the broader mineralisation.

Positive factors

  • High-grade rubidium intercept of 0.34% Rb2O

Negative factors

  • Narrow intercept length of 1m
  • True width not known

Evidence · table

“0.34”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · lithiumGrade: 0.25Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.25
Grade Unit
%
Intercept
1 m
From
60 m
To
61 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:60-61
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 1m intercept at 0.25% Li2O is a notable lithium credit, adding value to the rubidium-focused project.

Positive factors

  • Lithium credit of 0.25% Li2O is a good byproduct grade

Negative factors

  • Narrow intercept length of 1m
  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.25”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · rubidiumGrade: 0.51Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.51
Grade Unit
%
Intercept
1 m
From
80 m
To
81 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:80-81
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 1m intercept at 0.51% Rb2O is an exceptionally high-grade rubidium result, highlighting bonanza-grade zones within the pegmatite.

Positive factors

  • Exceptional high-grade rubidium intercept of 0.51% Rb2O

Negative factors

  • Narrow intercept length of 1m
  • True width not known

Evidence · table

“0.51”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER035Mt Edon · lithiumGrade: 0.01Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MER035
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.01
Grade Unit
%
Intercept
1 m
From
80 m
To
81 m
Hole Depth
108 m
Intercept Depth
57 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER035:80-81
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564877
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.01% Li2O over 1m is very low and unlikely to contribute significantly to project economics.

Negative factors

  • Very low lithium grade
  • Narrow intercept length of 1m
  • True width not known

Evidence · table

“0.01”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · rubidiumGrade: 0.16Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.16
Grade Unit
%
Intercept
5 m
From
40 m
To
45 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:40-45
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757000
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 5m intercept at 0.16% Rb2O is a solid rubidium grade over a moderate width, contributing to the overall mineralisation footprint.

Positive factors

  • Good rubidium grade of 0.16% Rb2O

Negative factors

  • Narrow intercept length of 5m
  • True width not known

Evidence · table

“0.16”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · lithiumGrade: 0.101Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.101
Grade Unit
%
Intercept
5 m
From
40 m
To
45 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:40-45
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757040
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.101% Li2O over 5m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • Narrow intercept length of 5m
  • True width not known

Evidence · table

“0.101”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · rubidiumGrade: 0.17Grade Unit: %Intercept: 54 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.17
Grade Unit
%
Intercept
54 m
From
62 m
To
116 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:62-116
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757000
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 54m intercept at 0.17% Rb2O is an exceptionally broad and strong rubidium result, significantly reinforcing the scale and continuity of mineralisation at Sophie Prospect.

Positive factors

  • Exceptional intercept length of 54m
  • Strong rubidium grade of 0.17% Rb2O

Negative factors

  • True width not known

Evidence · table

“0.17”

Context: 54

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · lithiumGrade: 0.097Grade Unit: %Intercept: 54 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.097
Grade Unit
%
Intercept
54 m
From
62 m
To
116 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:62-116
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757000
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.097% Li2O over 54m is a notable lithium credit over a significant width, adding value to the rubidium-focused project.

Positive factors

  • Broad intercept length of 54m
  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.097”

Context: 54

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · rubidiumGrade: 0.14Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.14
Grade Unit
%
Intercept
5 m
From
127 m
To
132 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:127-132
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757000
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 5m intercept at 0.14% Rb2O is a solid rubidium grade over a moderate width, contributing to the overall mineralisation footprint.

Positive factors

  • Good rubidium grade of 0.14% Rb2O

Negative factors

  • Narrow intercept length of 5m
  • True width not known

Evidence · table

“0.14”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER036Mt Edon · lithiumGrade: 0.075Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
MER036
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.075
Grade Unit
%
Intercept
5 m
From
127 m
To
132 m
Hole Depth
140 m
Intercept Depth
40 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER036:127-132
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564916
Northing
6757000
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.075% Li2O over 5m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • Narrow intercept length of 5m
  • True width not known

Evidence · table

“0.075”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · rubidiumGrade: 0.15Grade Unit: %Intercept: 38 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.15
Grade Unit
%
Intercept
38 m
From
24 m
To
62 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:24-62
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 38m intercept at 0.15% Rb2O is a significant width, contributing positively to the understanding of the rubidium mineralisation continuity for the upcoming MRE.

Positive factors

  • Broad intercept length of 38m
  • Grade of 0.15% Rb2O contributes to resource definition

Negative factors

  • True width not known

Evidence · table

“0.15”

Context: 38

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · lithiumGrade: 0.034Grade Unit: %Intercept: 38 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.034
Grade Unit
%
Intercept
38 m
From
24 m
To
62 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:24-62
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.034% Li2O over 38m is very low and unlikely to contribute significantly to project economics, even as a byproduct.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Very low lithium grade
  • True width not known

Evidence · table

“0.034”

Context: 38

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · rubidiumGrade: 0.19Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.19
Grade Unit
%
Intercept
6 m
From
27 m
To
33 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:27-33
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 6m intercept at 0.19% Rb2O is a good rubidium grade over a moderate width, contributing to the overall mineralisation footprint.

Positive factors

  • Good rubidium grade of 0.19% Rb2O

Negative factors

  • Narrow intercept length of 6m
  • True width not known

Evidence · table

“0.19”

Context: 6

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · lithiumGrade: 0.045Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.045
Grade Unit
%
Intercept
6 m
From
27 m
To
33 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:27-33
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.045% Li2O over 6m is very low and unlikely to contribute significantly to project economics, even as a byproduct.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Very low lithium grade
  • Narrow intercept length of 6m
  • True width not known

Evidence · table

“0.045”

Context: 6

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · rubidiumGrade: 0.21Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.21
Grade Unit
%
Intercept
8 m
From
39 m
To
47 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:39-47
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: An 8m intercept at 0.21% Rb2O is a strong rubidium grade over a moderate width, indicating a higher-grade zone within the broader mineralisation.

Positive factors

  • Strong rubidium grade of 0.21% Rb2O

Negative factors

  • Narrow intercept length of 8m
  • True width not known

Evidence · table

“0.21”

Context: 8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER040Mt Edon · lithiumGrade: 0.027Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
MER040
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.027
Grade Unit
%
Intercept
8 m
From
39 m
To
47 m
Hole Depth
72 m
Intercept Depth
24 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER040:39-47
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564840
Northing
6756837
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.027% Li2O over 8m is very low and unlikely to contribute significantly to project economics, even as a byproduct.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Very low lithium grade
  • Narrow intercept length of 8m
  • True width not known

Evidence · table

“0.027”

Context: 8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER041Mt Edon · rubidiumGrade: 0.18Grade Unit: %Intercept: 16 mView all details
Link to this fact

Identity

Hole ID
MER041
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.18
Grade Unit
%
Intercept
16 m
From
0 m
To
16 m
Hole Depth
24 m
Intercept Depth
0 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER041:0-16
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564761
Northing
6756799
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 16m intercept at 0.18% Rb2O is a good rubidium result over a moderate width, contributing to the overall mineralisation footprint.

Positive factors

  • Good rubidium grade of 0.18% Rb2O
  • Moderate intercept length of 16m

Negative factors

  • True width not known

Evidence · table

“0.18”

Context: 16

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER041Mt Edon · lithiumGrade: 0.056Grade Unit: %Intercept: 16 mView all details
Link to this fact

Identity

Hole ID
MER041
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.056
Grade Unit
%
Intercept
16 m
From
0 m
To
16 m
Hole Depth
24 m
Intercept Depth
0 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER041:0-16
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564761
Northing
6756799
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.056% Li2O over 16m is very low and unlikely to contribute significantly to project economics, even as a byproduct.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Very low lithium grade
  • True width not known

Evidence · table

“0.056”

Context: 16

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER042Mt Edon · rubidiumGrade: 0.2Grade Unit: %Intercept: 39 mView all details
Link to this fact

Identity

Hole ID
MER042
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.2
Grade Unit
%
Intercept
39 m
From
7 m
To
46 m
Hole Depth
54 m
Intercept Depth
7 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER042:7-46
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564800
Northing
6756800
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 39m intercept at 0.2% Rb2O is a strong result, reinforcing the broad rubidium mineralisation and supporting the upcoming MRE.

Positive factors

  • Broad intercept length of 39m
  • Strong rubidium grade of 0.2% Rb2O

Negative factors

  • True width not known

Evidence · table

“0.2”

Context: 39

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER042Mt Edon · lithiumGrade: 0.065Grade Unit: %Intercept: 39 mView all details
Link to this fact

Identity

Hole ID
MER042
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.065
Grade Unit
%
Intercept
39 m
From
7 m
To
46 m
Hole Depth
54 m
Intercept Depth
7 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER042:7-46
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564800
Northing
6756800
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.065% Li2O over 39m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.065”

Context: 39

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER042Mt Edon · rubidiumGrade: 0.24Grade Unit: %Intercept: 26 mView all details
Link to this fact

Identity

Hole ID
MER042
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.24
Grade Unit
%
Intercept
26 m
From
18 m
To
44 m
Hole Depth
54 m
Intercept Depth
7 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER042:18-44
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564800
Northing
6756800
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 26m intercept at 0.24% Rb2O is a strong rubidium result over a good width, indicating a higher-grade zone within the broader mineralisation.

Positive factors

  • Strong rubidium grade of 0.24% Rb2O
  • Moderate intercept length of 26m

Negative factors

  • True width not known

Evidence · table

“0.24”

Context: 26

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER042Mt Edon · lithiumGrade: 0.063Grade Unit: %Intercept: 26 mView all details
Link to this fact

Identity

Hole ID
MER042
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.063
Grade Unit
%
Intercept
26 m
From
18 m
To
44 m
Hole Depth
54 m
Intercept Depth
7 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER042:18-44
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564800
Northing
6756800
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
0 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.063% Li2O over 26m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.063”

Context: 26

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER043Mt Edon · rubidiumGrade: 0.19Grade Unit: %Intercept: 25 mView all details
Link to this fact

Identity

Hole ID
MER043
Project
Mt Edon
Commodity
rubidium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.19
Grade Unit
%
Intercept
25 m
From
12 m
To
37 m
Hole Depth
66 m
Intercept Depth
12 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER043:12-37
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564837
Northing
6756811
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: A 25m intercept at 0.19% Rb2O is a good rubidium result over a moderate width, contributing to the overall mineralisation footprint.

Positive factors

  • Good rubidium grade of 0.19% Rb2O
  • Moderate intercept length of 25m

Negative factors

  • True width not known

Evidence · table

“0.19”

Context: 25

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

MER043Mt Edon · lithiumGrade: 0.072Grade Unit: %Intercept: 25 mView all details
Link to this fact

Identity

Hole ID
MER043
Project
Mt Edon
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
1MC

Geometry

Grade
0.072
Grade Unit
%
Intercept
25 m
From
12 m
To
37 m
Hole Depth
66 m
Intercept Depth
12 m

Classification

Deposit Type
other
Program
resource
Sample Type
drill
Group ID
MER043:12-37
Mining Method
unknown

Location

Location
Sophie Prospect
Easting
564837
Northing
6756811
Elevation
341 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global in Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.05
Cutoff Unit
% Rb2O
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-02T00:00:00.000Z

Reasoning: The lithium grade of 0.072% Li2O over 25m is a positive credit, but not high enough to be a primary driver, consistent with its secondary commodity status.

Positive factors

  • Lithium credit adds to potential project economics

Negative factors

  • Grade is below typical economic thresholds for primary lithium deposits
  • True width not known

Evidence · table

“0.072”

Context: 25

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

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.