Morella reported positive results from the Fish Lake Valley Lithium Brine Project in Nevada, including identifying a deep rift basin through a seismic reflection survey.

The completion of the first drill hole in the northern FLV Project area revealed sediment and volcanic deposits, indicating a favourable environment for lithium brine.

Morella aims to conduct infill surveys to pinpoint electrically conductive lithium brine target zones for future drilling.

The company also plans to undertake further exploration, including infill surveys, drone-based magnetic surveying, and additional seismic reflection lines, leading to a deep drilling program in the southern project area.