MAN 3.23% 3.0¢ mandrake resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18

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    It’s historically proven that there is lithium aswell as other minerals in the ground- it really is just a matter of proving up a current resource and confirming grades / pressure etc to confirm it’s commercial
    that said SUNRESIN has the ability to treat as low as 50ppm and I personally can’t see the grades being lower than that across all zones- sure one or 2 zones may be uneconomic but not all - also don’t forget about the ancillary minerals !!! They are potentially worth as much as the lithium
    I think once approvals come through-a nice rerate will be underway

    regards
 
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