Quarterly Activities Report
Perth, April 28, 2023 AEST (ABN Newswire) - Australian kaolin and silica exploration company Corella Resources Ltd (ASX:CR9) is pleased to provide a summary of activities and attached Appendix 5B for the quarter ended 31 March 2023 (Quarter).
Corella Resources Managing Director, Tony Cormack, commented:
"It has been another busy Quarter for Corella having achieved spectacular infill core drilling results at Tampu and two major discoveries at Whitecap and Whitehills prospects. We proudly boast Australia's largest deposit of bright white kaolin at Tampu, and there is no equal when it comes to purity."
"We have a world class kaolin deposit which together with the recent acquisition of the Tampu Mining Hub has the Company well placed to move towards production at pace. We remain focussed on a HPA strategy, and these latest results validate that strategy."
"We will now progress toward scoping and feasibility studies, with HPA front and centre due to the high grade and low impurities at Tampu which will translate into a low cost operation with high profit margins."
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About Corella Resources Ltd
Corella Resources is an Australian exploration company listed on the Australian Securities Exchange (ASX:CR9). Corella Resources is focussed on exploration and development of their 100% owned Tampu, Wiltshire and Kalannie kaolin projects along with the 100% owned Bonnie Rock silica project. All 4 projects are located in the mid-west of Western Australia.