Corella Resources Ltd. Stock Analysis CR9.AX

Corella Resources Ltd. is an Australian kaolin and silica exploration company, which engages in the Tampu Kaolin, Wiltshire Kaolin, Kalannie Kaolin, and Bonnie Rock Silica. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2008-01-15. The firm is focused on exploration and development of their 100% owned Tampu and Wiltshire kaolin projects along with the 100% owned Bonnie Rock silica project. All three projects are located in the mid-west of Western Australia. Its flagship project, Tampu Kaolin Project (Tampu), comprises seven granted exploration licenses (E70/5235, E70/5214, E70/5744, EL70/5882, EL70/5883, E70/6578, and E70/6579) which are 100% held by Corella located in the Yilgarn region, Western Australia. The Wiltshire Kaolin Project (Wiltshire) comprises a single granted exploration license, being E70/5216, which is 100% held by the Company. Wiltshire is located adjacent to the Wenmillia Dam kaolin deposit, which is held by Blue Diamond WA Pty Ltd (ACN 090 511 970) to the north of Mullewa. The Bonnie Rock Silica Project comprises a single granted exploration license, E70/5665, which is 100% held by the Company.