Morella Corp Ltd (ALTAF)

[TradingCharts]

Mallina drilling intercepts 23 metres of pegmatite, hosting
24 MAY 2023

Highlights

Drill program successfully completed – assays expected in 4 weeks
Total of 35 holes completed for 2,200 metres of total drilled depth
Six (6) drillholes intercepted pegmatites hosting spodumene >10 metres width three (3) holes
had intercepts >20 metres including hole MRC070 with 23 metres from 21 metres depth
Pegmatites intersected in 18 of the 35 holes drilled
Planning for the next phase of drilling is underway to infill and test extensions
Overview
Morella Corporation Limited (ASX: 1MC “Morella” or “the Company”) is pleased to advise an interim
update from its recently completed RC (reverse circulation) drilling program at Morella’s 51% owned
Mallina Project, located in the Pilbara region of Western Australia. The program was designed to
identify the strike lengths and thickness of previous exploration (refer to ASX Release 7 December
2022) to set a foundation for a more rigorous resource definition program. The Company has
despatched all pegmatite samples for assay and expects to receive the results prior to 30 June 2023.
Significant pegmatite drillhole intercepts (>10 metres) are detailed below:
o MRC057 22m pegmatite intercept from 48m.
o MRC067 10m pegmatite intercept from 68m.
o MRC070 23m pegmatite intercept from 21m.
o MRC072 15m pegmatite intercept from 5m.
o MRC073 21m pegmatite intercept from 28m; and 17m pegmatite intercept from 56m.
Morella Managing Director James Brown said:
“The completion of this drill program at Mallina has confirmed the Projects potential to deliver a
significant hard rock lithium discovery. These exciting results provide the basis to accelerate
commencement of a follow up program to provide a strong pathway towards resource definition. This
program has significantly enhanced Mallina’s appeal due to the favourable thickness of the pegmatites,
combined with their relatively shallow depths. The program was incident free, achieved high production
rates for drilling and benefited from the exploration team’s excellent planning.”

https://wcsecure.weblink.com.au/pdf/1MC/02669406.pdf

[TradingCharts]

09/05/2023 Drilling underway at Mallina Lithium

https://www2.asx.com.au/markets/company/1mc

[TradingCharts]

30/04/2023 MT survey results for North Big Smoky
https://www2.asx.com.au/markets/company/1mc
https://pilbaraminerals.com.au/investors/reports-and-asx-announcements/

[TradingCharts]

26 APR 2023 Quarterly Activities/Appendix 5B Cash Flow Report
https://www.morellacorp.com/asx-announcements/

LinkedIn account.
https://www.linkedin.com/company/morella-corporation-limited/

[TradingCharts]

Welcome to the board Demolition Man.

Predicting share price is something I am not good at.

I was surprised to see some of those names in the top 20 as well.

I have "Stink bids" in place just incase people get bored waiting.

I just noticed today that I added shares on the 18th.

Looks like someone got bored.

04/18/2023 15:14:17 Bought 50000 ALTAF @ 0.0075 -381.95

.06 would be nice to see again I would not complain.

[Demolition Man]

great information on TOP 20 SHAREHOLDERS of $ALTAF https://www.morellacorp.com/top-20-shareholders/

Those are some big names that own a piece of our company. Is this why the daily volume is so low because they want to hold onto ALTAF shares? I am trying to build up my war chest because I believe with even decent news this will blow past the 52 week high of .06 a share. What our your thoughts on where our share price will land this year? Thanks for the good DD :)

[TradingCharts]

TOP 20 SHAREHOLDERS

https://www.morellacorp.com/top-20-shareholders/

[Demolition Man]

Hey Kswies and all, What excites me about this investment is once the banking situation takes a breather and the focus on EV revolution hits the mainstream media again......BOOM! $ALTAF share price will explode. The reason shares are hard to come by is nobody wants to sell. This company is a gem and could hit .10+ EOY with just a tad bit of positive news. The mining sector is a huge niche vertical...lithium is the new gold.

[Kswies]

I'm sure there is a chance; barring any unforeseen black swan events IMO we are about at the bottom of this market. $ALTAF long and strong

[Demolition Man]

Hey Kswies and all, I am very excited about this company and its future potential. Do you think $ALTAF has a chance to reach the 52 high of 0.06 again in 2023??

[Kswies]

I did the same with $SYAXF a few years ago while Altura was still in the money because I have always like how the management hustles, that has paid off pretty well. They still have ambitious management and given the demand for the resources they are tracking down, I feel like there is a good chance and good opportunities for them to rise again.

[NanoEE]

Right, it’s still on my radar, and I am going to keep it there.

Friday maybe a better day for getting what I want.

[NanoEE]

That is great.

I missed out on trading today, shoot for it again on Friday.

[Kswies]

I doubled my holding yesterday at .007. Lets see what she does. $ALTAF long.

[TradingCharts]

Make sure you convert the AUD to the USD, 33% haircut on the price the last 2-weeks.

https://www2.asx.com.au/markets/company/1mc

Let the seller come to you, the market is nervous.
https://www.xe.com/currencyconverter/convert/?Amount=0.3&From=AUD&To=USD

[NanoEE]

Funny, I tried buying on the US side today and they denied me, oh well.

I’ll try again $0.006 again tomorrow

This was all before I read your post.

As always. Thanks for the updates.

[TradingCharts]

13 March 2023
Morella Lithium Projects Update
Western Australia: Approvals received for the Q2 2023 Drill
Program at the Mallina Project (51% 1MC).
United States: Drill Programs developed and permitting underway.
Tenement holdings increased across both Western Australia and
Nevada portfolios.
https://wcsecure.weblink.com.au/pdf/1MC/02642478.pdf

[toogoodfella]

RE: How do you determine who’s is who’s brine below the surface?

—-//——///———-

Government owns it. Mining company leases or buy the land surface for access.

[TradingCharts]

Someone is dumping today.

[TradingCharts]

Same issues discussed in ND in the 1970's with oil.

Some farmers did not want the oil company on their land they wanted to save their oil. The oil company would lease the land next to that land with large oil reservers and start pumping.

That is also when I first heard of diaginal drilling. It became a heated topic with adults that spilled over to the kids in school as well.

Now days there is directional drilling that slumberger uses. Slumberger is hooked up with pemif and Energysources in Nevada.

I thought about it long ago. I looked into the rules, it/they vary from state to state and federal rules for federal land..

[NanoEE]

The more I read about the Fish Lake Valley(FLV) Brine, I see this becoming a bigger issue.

How do you determine who’s is who’s brine below the surface?

This just doesn’t pertain to FLV either, all brines out there with multiple rights.

[TradingCharts]

Direct Extraction Study (DLE)
During the Quarter the Company received an interim progress report from Recion Technologies
(“Recion”) which provided positive early-stage indications of successful lithium concentration using
Recion’s ion exchange media (Media) process and FLV brine.
The brine sample used for testing was obtained from (417,213mE; 4,197,266mN; 1438mRL) near
surface (from 4.26m) of the playa at FLV and was expected to be highly diluted from surface water,
however the testing process focussed on lithium extraction from the brine type or signature of the
brine. As part of the next phase of DLE testing Morella will provide brine samples from reservoirs
identified in the Passive Seismic and MT surveys completed earlier in 2022. (Refer ASX announcement
Geophysical Exploration Update for Fish Lake Valley Lithium Project released on 22 February 2022)
The report has identified that two hours of absorption is sufficient to extract lithium from the brine
with extraction efficiency up to 95% using an absorption column configuration. Absorption column
configuration has been used in water treatment operations and is known to be scalable using
standard/commercially available equipment.
Extended testing saw high lithium recoveries, resulting in lithium concentration levels over 600%.
Kinetics Test
Morella provided a 20 litre brine sample to Recion in June 2022, initial testing was conducted at
benchtop scale, focusing on understanding how Recion’s Media process performed with the FLV brine.

https://wcsecure.weblink.com.au/pdf/1MC/02624854.pdf

ASX
https://www2.asx.com.au/markets/company/1mc

[TradingCharts]

17 January 2023
Lithium mineralisation confirmed in North
Big Smoky soil sampling results.

https://wcsecure.weblink.com.au/pdf/1MC/02621612.pdf

https://www2.asx.com.au/markets/company/1mc

[TradingCharts]

22 December 2022 North Big Smoky – CSAMT Survey

https://wcsecure.weblink.com.au/pdf/1MC/02615839.pdf

[Kswies]

What's up Ben, they say a rising tide lifts all ships. I still hold all of my shares from way back, I wonder how many others are still on board this broken boat?

[BenRN]

MAN would I love to get out of the red with this one… Think the partnership with Sayona, who is about to start production, might bring up ALTAF? Don’t wanna get my hopes up here. Fingers crossed…

[TradingCharts]

Options, my tired eyes thought they were new shares. Which had me confussed.

People must never look at the ASX because they are the same price as the US. The US should be lower, than the ASX..
https://www2.asx.com.au/markets/company/1mc


AUD convert to USD
https://www.xe.com/currencyconverter/convert/?Amount=0.3&From=AUD&To=USD

[NanoEE]

Not too familiar with this filing. What does it mean of shareholders interest?

[TradingCharts]

08/12/2022 9:44 pm
Application for quotation of securities - 1MC

Diluting .008AUD

https://www2.asx.com.au/markets/company/1mc

[nowwhat2]

Well ?......So ?
How did the test go ?
Looks like it went smoothly.

[TradingCharts]

test chart

[TradingCharts]

Shhhhh...




Open Buy
100000
ALTAF

Limit
0.0121

Filled Buy 80000 ALTAF Limit 0.0151 -- -- 15:05:28 12/07/22


Filled Buy 10000 ALTAF Limit 0.0151 -- -- 15:03:48 12/07/22


Filled Buy 10000 ALTAF Limit 0.0151 -- -- 15:04:05 12/07/22

TC has been on a shopping spree all week, from the USA to China, and then to Austraila and back to Canada. Leaving stink bids everywhere, and "FIXING" charts.

[NanoEE]

Wait, Sayona is tied to the Fish Lake Mine, whoa!

Who starts buying who up? So many ties to one another.

It’s like the white Rabbit is in everybody’s backyard.

[NanoEE]

And here I thought I found one to share with you and here you are already on it.

You are too good TC ;)

Morella is currently in the final stages of permitting and a drill contract has been awarded for a drill program aimed at providing brine samples from depth at the FLV project.

Morellla caught my eye because of share value and where there are in their stages of mining.

But I was originally here:

https://lithiumcorporation.com/

[TradingCharts]

07 Dec. 2022 Mallina Project Update


https://www2.asx.com.au/markets/company/1mc

[TradingCharts]

25 October 2022
Direct Lithium Extraction Study confirms
highly efficient lithium concentrating process

https://wcsecure.weblink.com.au/pdf/1MC/02587164.pdf

[TradingCharts]

Morella Corporation Limited
7,883 followers
2w • 2 weeks ago

Morella is pleased to provide an update on the Direct Lithium Extraction (DLE) study being completed at its Fish Lake Valley Project by Recion Technologies.

An interim progress report has provided early-stage indications of successful lithium concentration. The report identified that two hours of absorption is sufficient to extract lithium from the brine with concentration levels of 600% resulting from the two-hour processing cycle and an extraction efficiency of up to 95%.

The Fish Lake Valley drill program is expected to commence late Q4 2022.

View the full announcement: https://bit.ly/3f3rBku

#Lithium #ASX #Exploration

https://www.linkedin.com/feed/update/urn:li:activity:6990501904111865856/

[TradingCharts]

Western Australia
Morella capital raising completed to support exploration of Morella/Sayona earn-in tenure
Sayona exploration continues, repositioning to lithium focus over 100% owned tenements.

https://sayonamining.com.au/wp/wp-content/uploads/2022/10/SYA_Sept-quarterly_31-Oct-22.pdf

[Kswies]

Did your commons get wiped out or restructured?

Neither, they ($ALTAF) were froze for a period of time and then commenced trading. I have a buy order sub penny, given the recent swings a 4 or 5 bagger ought to be easy with enough volume. That or I may suck them up and hold 'em, that worked well with $DMNXF $SYAXF long and strong!

[TradingCharts]

I read that resently too.

First time I came here I was researching a Director who left over a year ago. Then the BK.

Did your commons get wiped out or restructured?

This surprised me, I will take a small position today, just to insentivise me to do more research.

FISH LAKE VALLEY LITHIUM PROJECT

In 2021, Morella executed an earn-in option agreement with US-based Lithium Corporation (OTC:LTUM), for the right to earn a 60% interest in the Fish Lake Valley Lithium Project “the Project”. The interest will be earned through completion of exploration and development work over a number of years. Morella has further rights to acquire up to a 100% interest in the Project.

Located in Esmeralda County, west-central Nevada (Figure 1) the Project covers the entire Fish Lake Valley salt playa area and is 30km north-west of Albemarle’s Silver Peak Mine and 20km west of Argosy’s Tonopah Lithium project. Importantly, the Project is located in a known lithium producing region of the USA and presents an excellent exploration and growth opportunity for Morella.

The Project is approximately 60km from the town of Tonopah and is equal distance (approximately 280km) to the major Nevada cities of Las Vegas and Reno. Tesla’s Nevada Gigafactory is 37km from Reno.

https://www.morellacorp.com/projects/

LTUM
https://investorshub.advfn.com/Lithium-Corporation-16791

[TradingCharts]

Share description Ordinary Fully Paid
Shares on issue 5,765,645,786

https://www2.asx.com.au/markets/company/1mc

[TradingCharts]

Date of this announcement Friday September 16, 2022
Details of +securities that have ceased

Expiry of option or other
convertible security without
exercise or conversion

https://wcsecure.weblink.com.au/pdf/1MC/02569207.pdf

[TradingCharts]

14 September 2022
Airborne geophysics exploration underway in the Pilbara
High-resolution airborne geophysics over select tenements subject to the Morella-Sayona
earn-in agreement Geophysics to build on detailed review and assessment of historical exploration efforts and support future fieldwork programs
Fieldwork completed in consultation and with direct support of the Traditional Owners
Overview
Morella Corporation Limited (ASX: 1MC “Morella” or “the Company”) is pleased to advise that
exploration activities in the Pilbara are underway. Following a detailed and systematic review of
historical physical and geophysics exploration results and open-source geological data, Morella has
commenced airborne geophysical exploration targeting settings conducive to, and with regional
precedence of, lithium mineralisation. All activities, which have been deemed as low-level exploration,
have been planned in consultation with respective Traditional Owners and Pastoralists

https://wcsecure.weblink.com.au/pdf/1MC/02567718.pdf

[TradingCharts]

1 September 2022
Further drilling targets identified at Fish
Lake Valley Lithium Project
Geophysical surveying, in the northern section of the Project area, confirms additional
shallow and at depth target zones for future drilling programs
MT survey results show a shallow, very high conductivity layer of possible lithium
sediments from surface to approximately 30m depth
Emerging north-south trend adds confidence to the Project’s potential scale and size
Development of the Project through additional geophysics and drilling programs continues
High growth potential as the US electric vehicle/battery supply chain continues to receive
significant investment

https://wcsecure.weblink.com.au/pdf/1MC/02562498.pdf

[Kswies]

They were previously in production while Sayona was the explorer. Too much debt when the bottom dropped out of lithium. Lithium dropped, seemingly on purpose just as China started sucking up all of those entities that didn't have enough cash to weather the drop. Great management, very ambitious, a get shit done type of operation. I feel like I want to buy more but not until we go sub penny, if we don't go there I will just hold what I've got. $ALTAF long.

[IAmTopG]

Correct me if I am wrong. Seems like they are still early in the discovery process/ drilling etc, correct?

It has $7.5M that would sustain them till end of 2023? Any thought on what they will be producing?

It reminds me of Sayona that dilution may occur. So would be smart not to repeat my mistake if i get in lol. That is too take profit and buy in lower.

[Kswies]

Trying to decide if I'd like to average down, I still hold all of my Altura, I give them all the credit for my Sayona holdings, I never would have grabbed Sayona if I didn't like the way Altura management operated. They are ass busters they were just too early to the party with too much debt.

[IAmTopG]

https://themarketherald.com.au/morella-corporation-asx1mc-completes-7-5m-cap-raise-approves-management-incentive-package-2022-08-18/

[IAmTopG]

You atill on this Kswies? Is this 1MC in Aussie?

[Kswies]

Nice open today!