Mandrake Resources Limited is an Australian-listed explorer focused on the wholly owned Utah Lithium Project in the Paradox Basin of southeastern Utah. Its 93,755-acre position hosts a JORC 2012 Inferred brine resource containing 622,000 tonnes of elemental lithium, equivalent to 3.31 million tonnes of lithium carbonate equivalent. Mandrake is preparing bulk-brine production and DLE appraisal from the Evelyn Chambers #1 well and retains a separate legacy-uranium mine-waste opportunity across its Utah tenure. It also owns the Berinka Pine Creek Gold-Copper Project in Australia's Northern Territory, where a 3,200-metre RC campaign was planned subject to permitting. No project has declared commercial production or a completed qualifying economic study.
- Country
- United States
- Commodity
- Li
- Stage
- Explorer