# Quarterly Activities/Appendix 5B Cash Flow Report                                                                                                                  19 										                                             pages                                                                                       									                                                                                                                          2.0MB

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03119083

Publisher: asx

Original announcement: 2026-07-29T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T02:09:24.232Z

Atlas analysis updated: 2026-10-01T02:09:24.232Z

- Company: Morella Corporation Limited

- Ticker: 1MC

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Rubidium

- Secondary commodities: Lithium, Caesium, Titanium, Vanadium

- Document categories: Drill results, Capital raise, Other

- Extracted: 2026-10-01 02:09:24 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Morella Corporation Limited announced positive drill results from its Mt Edon Rubidium-Lithium Project in Western Australia, confirming broad and continuous rubidium mineralisation with high-grade zones. The company has completed assay reporting and commenced its maiden Rubidium Mineral Resource Estimate. Additionally, a A$2.1 million capital raise was finalized, strengthening the balance sheet, while legal proceedings and a short funding runway remain ongoing concerns.

Reasoning: The company reported positive drill results from its Mt Edon Rubidium-Lithium Project, confirming high-grade rubidium mineralisation and advancing towards a maiden MRE. A successful capital raise strengthened its financial position, despite ongoing legal matters and a short funding runway.

- Positive factor: Completion of drilling and assay results for maiden Rubidium MRE at Mt Edon

- Positive factor: Confirmation of broad and continuous rubidium mineralisation with higher-grade zones

- Positive factor: Successful completion of A$2.1 million capital raise, strengthening balance sheet

- Positive factor: Extension drilling successfully intersected additional mineralisation at Sophie Prospect

- Negative factor: Ongoing legal proceedings create uncertainty

- Negative factor: Estimated funding available for less than 2 quarters

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

Facts used in scoring: 18

## Classification and evidence

**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 release mentions 'receipt of the remaining analytical results from ALS Global Laboratories' and includes a 'Competent Persons Statement' by Mr Henry Thomas.

Evidence · text

> receipt of the remaining analytical results from ALS Global Laboratories. ... Competent Persons Statement The information in this announcement that relates to Exploration Results is based on information compiled by Mr Henry Thomas

**Compositing Transparent**

Polarity: positive

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

Why it applies: The drill intercept highlights table explicitly states a '0.05% cutoff'.

Evidence · text

> Table 1: Rubidium grade intercept highlights \(0.05% cutoff\)

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Extension drilling successfully intersected additional rubidium mineralisation south of the main Sophie Prospect, expanding the known mineralised area.

Evidence · text

> Extension drilling completed south of the main Sophie Prospect successfully intersected additional pegmatite-hosted rubidium mineralisation beyond the previously defined area.

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 2m @ 0.95% Rb2O in MER046 is exceptionally high-grade for rubidium, significantly above typical deposit grades.

Evidence · table

> 0.95

Context: 2m

**Funding Runway Short**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The estimated quarters of funding available is 1.8, which is less than 2 quarters.

Evidence · table

> 1.8

Context: 8.7 Estimated quarters of funding available \(item 8.6 divided by item 8.3\)

## Extracted facts

Stored fact records: 18. Some facts used in scoring do not have a stored record.

## Drill Results (18)

### MER043

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-0)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER043
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 51 m
- From: 9 m
- To: 60 m
- Intercept Depth: 9 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER043:9-60

#### Location

- Easting: 564834.8
- Northing: 6756809.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.17

Context: 51m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-1)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER043
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 13 m
- From: 12 m
- To: 25 m
- Intercept Depth: 9 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER043:12-25

#### Location

- Easting: 564834.8
- Northing: 6756809.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within MER043 indicates coherent high-grade rubidium zones, which is positive for resource potential.

- Positive factor: Higher-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.22

Context: 13m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-2)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER043
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 12 m
- From: 39 m
- To: 51 m
- Intercept Depth: 9 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER043:39-51

#### Location

- Easting: 564834.8
- Northing: 6756809.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within MER043 further supports the presence of coherent high-grade rubidium zones.

- Positive factor: Higher-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.23

Context: 12m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER044

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-3)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER044
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 21 m
- From: 0 m
- To: 21 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER044:0-21

#### Location

- Easting: 564756.8
- Northing: 6756756.4
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.17

Context: 21m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER044

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-4)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER044
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.31
- Grade Unit: %
- Intercept: 5 m
- From: 2 m
- To: 7 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER044:2-7

#### Location

- Easting: 564756.8
- Northing: 6756756.4
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within MER044 indicates significant rubidium concentration, enhancing resource potential.

- Positive factor: Very high-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.31

Context: 5m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-5)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER045
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.2
- Grade Unit: %
- Intercept: 51 m
- From: 0 m
- To: 51 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER045:0-51

#### Location

- Easting: 564795.6
- Northing: 6756766.5
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.20

Context: 51m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-6)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER045
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 13 m
- From: 35 m
- To: 48 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER045:35-48

#### Location

- Easting: 564795.6
- Northing: 6756766.5
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within MER045 indicates significant rubidium concentration, enhancing resource potential.

- Positive factor: Very high-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.30

Context: 13m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER046

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-7)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER046
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 68 m
- From: 18 m
- To: 86 m
- Intercept Depth: 18 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER046:18-86

#### Location

- Easting: 564836
- Northing: 6756756.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.21

Context: 68m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER046

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-8)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER046
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.51
- Grade Unit: %
- Intercept: 13 m
- From: 23 m
- To: 36 m
- Intercept Depth: 18 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER046:23-36

#### Location

- Easting: 564836
- Northing: 6756756.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within MER046 indicates significant rubidium concentration, enhancing resource potential.

- Positive factor: Very high-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.51

Context: 13m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER046

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-9)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER046
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.95
- Grade Unit: %
- Intercept: 2 m
- From: 32 m
- To: 34 m
- Intercept Depth: 18 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER046:32-34

#### Location

- Easting: 564836
- Northing: 6756756.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This bonanza-grade rubidium intercept within MER046 is highly significant, indicating exceptional rubidium concentration.

- Positive factor: Bonanza grade rubidium intercept

- Positive factor: Confirms continuity of very high-grade zones

Evidence · table

> 0.95

Context: 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER047

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-10)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER047
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.25
- Grade Unit: %
- Intercept: 33 m
- From: 0 m
- To: 33 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER047:0-33

#### Location

- Easting: 564757.6
- Northing: 6756733.6
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.25

Context: 33m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER047

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-11)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER047
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 20 m
- From: 6 m
- To: 26 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER047:6-26

#### Location

- Easting: 564757.6
- Northing: 6756733.6
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within MER047 indicates significant rubidium concentration, enhancing resource potential.

- Positive factor: Very high-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.30

Context: 20m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-12)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER048
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 51 m
- From: 3 m
- To: 54 m
- Intercept Depth: 3 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER048:3-54

#### Location

- Easting: 564787
- Northing: 6756735.7
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms broad rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good grade and width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.22

Context: 51m

#### 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

**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-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-13)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER048
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 27 m
- From: 26 m
- To: 53 m
- Intercept Depth: 3 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER048:26-53

#### Location

- Easting: 564787
- Northing: 6756735.7
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within MER048 indicates significant rubidium concentration, enhancing resource potential.

- Positive factor: Very high-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.30

Context: 27m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER049

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-14)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER049
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 28 m
- From: 33 m
- To: 61 m
- Intercept Depth: 33 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER049:33-61

#### Location

- Easting: 564811
- Northing: 6756685.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This intercept confirms rubidium mineralisation, contributing positively to the upcoming maiden MRE.

- Positive factor: Good width for rubidium

- Positive factor: Supports resource modelling

Evidence · table

> 0.13

Context: 28m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### MER049

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-15)

Mt Edon South · rubidium

#### Identity

- Hole ID: MER049
- Project: Mt Edon South
- Commodity: rubidium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: 1MC

#### Geometry

- Grade: 0.2
- Grade Unit: %
- Intercept: 5 m
- From: 36 m
- To: 41 m
- Intercept Depth: 33 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: MER049:36-41

#### Location

- Easting: 564811
- Northing: 6756685.1
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Global Laboratories
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % Rb2O

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within MER049 supports the presence of coherent high-grade rubidium zones.

- Positive factor: Higher-grade sub-interval

- Positive factor: Confirms continuity of higher-grade zones

Evidence · table

> 0.20

Context: 5m

#### 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### Fact 17

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-16)

Historical result

Needs review: historical\_restatement

#### Identity

- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: 1MC

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-02-23T00:00:00.000Z

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: The completion of the A$2.1 million placement, though previously announced, strengthens the company's financial position and provides funding for ongoing activities.

- Positive factor: Strengthens balance sheet

- Positive factor: Provides additional funding flexibility

- Negative factor: Dilution from share issuance

Evidence · text

> Shareholders approved the remaining resolutions associated with the A$2.1 million capital raising, strengthening the Company's balance sheet and funding position.

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 18

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-19-pages-2-0mb--72d1cf6c-0479-4d2e-92b2-3a42484cea26#fact-drill-facts-17)

#### Identity

- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: 1MC

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-07-29T00:00:00.000Z

Reasoning: The company has less than two quarters of funding available, indicating a need for further capital raises in the near future.

- Negative factor: Estimated funding available for less than 2 quarters

Evidence · table

> 1,398

Context: 4.6 Cash and cash equivalents at end of period

#### 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

## 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.