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Mandrake Resources Ltd ( (AU:MAN) ) just unveiled an update.
Mandrake Resources Limited has reported significant progress in its Utah Lithium Project, which hosts an inferred resource estimate of 3.3 million tonnes of Lithium Carbonate Equivalent, positioning it as a top-tier lithium brine asset in the US. The company has completed a brine flow model study to identify areas with high lithium concentrations, enhancing exploration efficiency. With a strong cash position and no debt, Mandrake continues to explore both organic and inorganic growth opportunities to enhance shareholder value.
More about Mandrake Resources Ltd
Mandrake Resources Limited is a company engaged in the exploration and development of mineral resources, with a focus on lithium brine assets in the United States. The company’s primary project is the Utah Lithium Project, which is a significant US-domiciled lithium brine asset.
Average Trading Volume: 959,242
Technical Sentiment Signal: Sell
Current Market Cap: A$15.68M
For detailed information about MAN stock, go to TipRanks’ Stock Analysis page.