From market news, i listen to the management of MAN , not ASN...

From market news, i listen to the management of MAN , not ASN downrampers who said MAN would never release a JORC lmao how wrong are they lol---

onwards and upwards imo, still trading near cash backing


That upside was because Mandrake on Tuesday published an inferred Mineral Resource Estimate (MRE) for its Utah Lithium Project.

The MRE came in better than

The project isn’t hard rock lithium but instead brine lithium where salty subterranean liquids are brought to surface and from there processed to get out the material battery makers want.

Mandrake proposes to use “Rio Tinto-backed” direct lithium extraction methods.Management commentary – from MD James Allchurch – was, unsurprisingly, bullish in tone

“The identification of a 3.3Mt LCE Resource is an exceptional milestone for the Company, confirming Mandrake’s 100%-owned Utah Lithium Project status as a top tier US lithium asset,”

Allchurch said.“Mandrake will now proceed with well re-entry operations which will provide potential tonnage and grade upside to the Resource.“

Furthermore, two leading DLE providers, ElectraLith and Electroflow, will be processing Mandrake brine at their respective pilot processing plants in the near term.”