Morella Corp Ltd (ALTAF)

[BenRN]

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ASX ANNOUNCEMENT | 28 May 2018 
RESOURCE AND RESERVE BOOST ADDS YEARS TO ALTURA LITHIUM PROJECT  
¦ Revised Mineral Resource estimate of 50.5 million tonnes at 1.01% Li2O and 512,000 tonnes of contained Li2O, with 8.7 million tonnes being in the Measured category
¦ Revised Ore Reserve estimate of 41.1 million tonnes at 1.05% Li2O and 432,000 tonnes of contained Li2O, with 8.3 million tonnes being in the Proved category
¦ Increased orebody size adds a minimum two years to mining operations
¦ 20% increase in Ore Reserve estimate also represents a very high Mineral Resource to Ore Reserve conversion of 81%