Dona Ferentes
A little bit OC⚡DC
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MAN - Mandrake Resources
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Dona Ferentes
A little bit OC⚡DC
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Sir Francis got to 7c, now back under 6...
Mandrake Secures Large-Scale Lithium Project in the United States
Highlights
• Mandrake has secured a large-scale lithium project in the prolific ‘lithium four corners’ Paradox Basin southeast Utah, USA.
• The Utah Lithium Project comprises a land position of over 56,000 acres (~226 km2) – includes a Binding Agreement with the Utah State Govt for over 34,000 acres.
• Staking is still underway; the Company will update shareholders with increases in project acreage.
• Compilation of geological and petrophysical data is well advanced to potentially generate a lithium Exploration Target in the short term and to guide exploration work toward a maiden Mineral Resource in the second half 2023.
• Located proximal to Anson Resources’ (ASX: ASN) Paradox Lithium Project in the pro-mining jurisdiction of Utah with access to Tier 1 infrastructure including power and water.
• ASX-listed lithium developer Galan Lithium Limited (market cap: $344M) to provide technical support and invest $1.5M for a ~5% stake in Mandrake.
• US governmentt and industry aggressively promote domestic
exploration /production of strategic /critical materials via myriad funding and grant schemes.
• Project generated internally – no payments to third parties.
• Mandrake fully funded - $19M cash post Galan placement.
Mandrake Secures Large-Scale Lithium Project in the United States
Highlights
• Mandrake has secured a large-scale lithium project in the prolific ‘lithium four corners’ Paradox Basin southeast Utah, USA.
• The Utah Lithium Project comprises a land position of over 56,000 acres (~226 km2) – includes a Binding Agreement with the Utah State Govt for over 34,000 acres.
• Staking is still underway; the Company will update shareholders with increases in project acreage.
• Compilation of geological and petrophysical data is well advanced to potentially generate a lithium Exploration Target in the short term and to guide exploration work toward a maiden Mineral Resource in the second half 2023.
• Located proximal to Anson Resources’ (ASX: ASN) Paradox Lithium Project in the pro-mining jurisdiction of Utah with access to Tier 1 infrastructure including power and water.
• ASX-listed lithium developer Galan Lithium Limited (market cap: $344M) to provide technical support and invest $1.5M for a ~5% stake in Mandrake.
• US governmentt and industry aggressively promote domestic
exploration /production of strategic /critical materials via myriad funding and grant schemes.
• Project generated internally – no payments to third parties.
• Mandrake fully funded - $19M cash post Galan placement.
bux2000
"Don't rely on your memory.....just write a bl**dy
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At zero EV seems a low risk punt i got to say . i picked up a couple Lithium stocks in '20 trading at cash and they 10 bagged , probably not seeing that again but risk reward is fine atm
