Mandrake Resources
Mandrake’s Large-scale US Lithium Brine Project is situated in the ‘lithium four corners’ Paradox basin in Utah. With 93,755 acres (approximately 379 square kilometers) of prime lithium ground secured and an Inferred Resource (JORC 2012) estimate of 3.3Mt Lithium Carbonate Equivalent (LCE), the Company’s project holds significant potential. The Lithium Brine Project is strategically located in a prolific oil and gas producing area, offering access to numerous active, suspended, and abandoned wells that hold promise for accessing lithium brines, also known as petrolithium. This approach allows Mandrake to achieve cost savings by utilising existing infrastructure . Supported by outstanding nearby rail, road, power, and water resources, our project is primed for success.
The Company is fully funded and its current focus revolves around completing lithium-brine sampling from historical oil and gas wells.
Mandrake also owns the Berinka Pine Creek Gold project in the Northern Territory.