Interra Resources (SGX:5GI) reported a rubidium discovery by its Australian investee company, Morella Corporation (ASX:1MC), at the Mt Edon project in Western Australia, according to a Thursday filing on the Singapore Exchange.
Drilling results revealed rubidium oxide concentrations of up to 0.59% and lithium oxide at 0.63%, expanding mineralized zones and uncovering new targets.
Interra holds an 8% stake in Morella, which leads the Mt Edon joint venture with Sayona Mining (ASX:SYA). The discovery is expected to boost development prospects at the site.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.