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Mandrake Resources Ltd ( (AU:MAN) ) has shared an announcement.
Mandrake Resources Limited has announced the results of a comprehensive Lithium Brine Flow Modelling Study at its Utah Lithium Project. The study identified two high-grade lithium ‘sweet spots’ within the Leadville Formation, which present significant opportunities for low-cost re-entry and testing of existing wells. This development enhances Mandrake’s exploration capabilities and positions the company to capitalize on potential high-grade lithium brine resources, potentially impacting its market positioning and stakeholder interests.
More about Mandrake Resources Ltd
Mandrake Resources Limited is a company operating in the lithium industry, focusing on the exploration and development of lithium projects. Their primary project is the Utah Lithium Project, which is 100% owned and located in the Paradox Basin. The company is engaged in identifying and developing high-grade lithium brine resources.
YTD Price Performance: 9.09%
Average Trading Volume: 1,140,344
Technical Sentiment Signal: Hold
Current Market Cap: A$15.05M
See more data about MAN stock on TipRanks’ Stock Analysis page.