Projects

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 88,000 acres and is 60km southeast of Anson Resources (ASX: ASN) Mineral Resource which has over 1Mt of LCE at 124mg/L.

Mandrakes has made significant progress in compiling geological and petrophysical data, aiming to ultimately generate a lithium Exploration Target in the short term and guide our exploration efforts towards establishing a maiden Mineral Resource in the near future.

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

• The Jimperding Project lies approximately 30km east of Chalice Gold Mines Limited’s (Chalice) Julimar Ni-Cu-PGE discovery in the Jimperding Metamorphic Belt located 70km NE of Perth
• Airborne electromagnetic survey (AEM) carried out by Mandrake identified numerous strong EM conductors across the project
• Surface rock chip results up to 0.36g/t Pd, 0.27g/t Pt, 0.5% Ni and 0.19% Cu returned from the Newleyine prospect

289km² exploration licence in the under-explored western limb of the Pine Creek Orogen, Northern Territory

180km south of Darwin

Limited drilling has identified gold mineralisation that remains open – best intersections include:

• 4m @ 6.6g/t from 32m
• 6m @ 3.8g/t from 18m
• 5m @ 2.6g/t from 30m