Exploring America's lithium potential:
driving towards a cleaner energy future

Mandrake is a ASX listed explorer, focused on advancing its large-scale lithium project in the prolific ‘lithium four corners’ Paradox Basin in south-eastern Utah, USA.

The Company’s lithium venture spans a land area exceeding 93,755 acres (approximately 379 square kilometres) and is strategically located in a prolific oil and gas producing area, offering access to numerous wells that facilitate the production of lithium rich brines.

Mandrake has made significant progress in compiling geological, geochemical and petrophysical data which has culminated in the definition of an Inferred Resource (JORC 2012) estimate of 3.3Mt Lithium Carbonate Equivalent^* (LCE) and through a partnership with two independent Direct Lithium Extraction (DLE) providers, demonstrated the ability to extract the lithium from the brines.

Positioned within Utah’s pro-mining jurisdiction, the project benefits from a favourable regulatory environment that supports mining activities. The project has access to Tier 1 infrastructure, including power and water resources.

Furthermore, the project aligns with the proactive efforts of the US government and industry to promote domestic exploration and production of strategic and critical materials.

^* See Mandrake’s announcement dated 22 October 2024