Elevra Lithium, Morella propose JV expansion to add four Western Australia exploration projects

• Elevra signed a non-binding term sheet with Morella to expand their existing Morella Lithium Joint Venture in Western Australia.
• Morella can earn 51% in four added exploration projects by spending AUD 300,000 within two years of a definitive agreement.
• Morella would run the added projects during earn-in, covering exploration, administration, tenure costs; Elevra keeps title and a 49% stake post earn-in.
• Expanded JV scope would cover all minerals across the JV and added projects, excluding existing rights at Mallina and Mount Edon.
• Transaction requires definitive documents, shareholder or regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elevra Lithium Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-034020), on August 21, 2026, and is solely responsible for the information contained therein.