Ann: Trading Halt, page-15

Jimmy's credibility is on the line, SB1 not @malay's Here's what Jimmy promised in June 2021.

"The [$12m] Placement provides Mandrake with the resources to facilitate the imminent drilling program and the broader geological and geophysical assessment of the NewleyinePGE-Ni-Cu target, located 30km from Chalice’s exciting Julimar discovery. Drilling is scheduled to commence at Newleyine on Monday 14 June 2021.

In addition, the Company will undertake further work at the PGE-Ni-Cu prospects identified by the recent comprehensive geological mapping and sampling programme undertaken across the entire Jimperding Project.

The Company will also be conducting further reverse circulation (RC) drilling at the Berinka Au-Ag-Cu project located in the Pine Creek Orogen, NT in July/August 2021.

Mandrake Managing Director James Allchurch said: “We are pleased to welcome new institutional and sophisticated investors to the shareholder register. The strong response received for this capital raise reflects the potential for our portfolio of assets, in particular the imminent drilling campaign at the Newleyine project.”

see: https://www.mandrakeresources.com.au/wp-content/uploads/2021/06/2221576.pdf