General Discussion, page-59

No doubt Fish Lake is the main focus. We just happen to be drilling at Mallina right now.


From the 22nd February announcement -

Over the coming weeks, Morella intends to:

1. Deploy field personnel to Fish Lake Valley to complete the Phase 2 PSS data collection.
2. Whilst in the field, conduct calibration and possible extension-line data collection.
3. After data collection/exchange to Resource Potentials, analyse, interpret and 3D model the entire project area.

Further, the Phase 1 PSS has supported the planning of additional geophysical exploration in the form of a magnetotelluric (“MT”) survey. A MT survey will help determine layering of electrically conductive and resistive features at depth, and whether any interpreted conductive zones in sub-basins may contain lithium bearing brine . US-based MT survey contractors are being engaged at present, with a target survey timeline of March-April 2022.


Phase 2 well underway, plus additional MT survey possibly started or completed already according to the timeline.

So the last update from Nevada was just under 2 months ago, could have some news from there soon with everything going on on the ground. And we will get further drilling updates from Mallina soon enough and updates from Mt Edon.

So basically, buy and hold.