Australia's Morella Corp rises on lithium potential at WA project

Morella

23/06/2022 04:52

** Shares of Morella Corp  1MC.AX  rise as much as 13.3% to
A$0.017
    ** Stock set to mark best day since June 16, if gains hold
    ** Co identifies https://www.asx.com.au/asxpdf/20220623/pdf/45b5lp9kpr8cws.pdf
 lithium targets at the Mt Edon project in Western Australia via
its surface mapping and sampling programme
    ** Morella is reviewing geophysical techniques to support
developing a better understanding of the subsurface potential of
the project area to quantify potential drilling targets - 1MC
    ** As of last close, stock down ~16.7% this year

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))