# Quarterly Activities/Appendix 5B Cash Flow Report 17 pages 2.3MB Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03087773 Publisher: asx Original announcement: 2026-04-29T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T02:09:19.687Z Atlas analysis updated: 2026-10-01T02:09:19.687Z - Company: Morella Corporation Limited - Ticker: 1MC - Exchange: ASX - Region: Western Australia - Primary commodity: Rubidium - Secondary commodities: Lithium, Titanium, Vanadium - Document categories: Drill results, Capital raise, Other - Extracted: 2026-10-01 02:09:20 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Morella Corporation completed a 20-hole RC drilling program at the Mt Edon Project, confirming a large-scale pegmatite system with intercepts up to 84m. The company also successfully raised A$2.1 million through a placement and is advancing its Western Australian and US lithium portfolios. Reasoning: The report highlights successful RC drilling at Mt Edon with broad pegmatite intercepts and a successful capital raise, though assay results for the new drilling are pending. - Positive factor: Significant pegmatite intercepts confirmed at Mt Edon - Positive factor: Consistent pegmatite thickness supporting tonnage potential - Positive factor: Successful A$2.1 million capital raise - Positive factor: Strong rubidium mineralisation confirmed via rock chips - Negative factor: Assay results for March 2026 drilling are still pending - Negative factor: Legal proceedings commenced regarding 2020 asset sale Facts used in scoring: 7 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling tested strike and depth extensions of the pegmatite system. Evidence · text > Test strike and depth extensions of the pegmatite system. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The report mentions assay results pending and refers to previous drilling results, implying standard protocols, though specific lab names for the March program are not in the summary. Evidence · text > assay results pending from the March 2026 drilling program ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### MER046 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-0) Mt Edon South · pegmatite #### Identity - Hole ID: MER046 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 84 m - From: 18 m - To: 102 m - Intercept Depth: 18 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER046:18-102 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 84m pegmatite intercept is a significant width for the system. - Positive factor: Large intercept width Evidence · text > MER046: 84m pegmatite from 18m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER036 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-1) Mt Edon South · pegmatite #### Identity - Hole ID: MER036 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 69 m - From: 63 m - To: 132 m - Intercept Depth: 63 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER036:63-132 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 69m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER036: 69m pegmatite from 63m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER048 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-2) Mt Edon South · pegmatite #### Identity - Hole ID: MER048 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 53 m - From: 3 m - To: 56 m - Intercept Depth: 3 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER048:3-56 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 53m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER048: 53m pegmatite from 3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER045 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-3) Mt Edon South · pegmatite #### Identity - Hole ID: MER045 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 51 m - From: 2 m - To: 53 m - Intercept Depth: 2 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER045:2-53 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 51m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER045: 51m pegmatite from 2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER043 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-4) Mt Edon South · pegmatite #### Identity - Hole ID: MER043 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 46 m - From: 15 m - To: 61 m - Intercept Depth: 15 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER043:15-61 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 46m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER043: 46m pegmatite from 15m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER035 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-5) Mt Edon South · pegmatite #### Identity - Hole ID: MER035 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 42 m - From: 56 m - To: 98 m - Intercept Depth: 56 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER035:56-98 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 42m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER035: 42m pegmatite from 56m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MER034 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-17-pages-2-3mb--a394e5f6-f9e9-4c28-b475-566565d97802#fact-drill-facts-6) Mt Edon South · pegmatite #### Identity - Hole ID: MER034 - Project: Mt Edon South - Commodity: pegmatite - Region: australia\_wa - Reported Region: australia\_wa - Ticker: 1MC #### Geometry - Intercept: 41 m - From: 75 m - To: 116 m - Intercept Depth: 75 m #### Classification - Program: resource - Sample Type: drill - Group ID: MER034:75-116 - Mining Method: unknown #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-29T00:00:00.000Z Reasoning: 41m pegmatite intercept is a significant width. - Positive factor: Significant intercept width Evidence · text > MER034: 41m pegmatite from 75m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: 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.