Mandrake Resources Limited

📊 Updated Investor Presentation: tinyurl.com/rmvnxuw9 🔍 Corporate Snapshot: 💰 Cash Position: $15M 🏦 Debt: NIL 🪙 Market Cap: $16.6M ⚡ Key Highlights: – 100%-owned large-scale lithium brine asset with access to historic wells. – Mineral Resource Estimate coming soon! – Exploration Target: 1.7 to 5.6 Mt of LCE. – DoE grant secured as the US focuses on domestic critical mineral supply. Stay tuned as we continue to advance our Utah Lithium Project 🌱🔋 #ASX #Lithium #CriticalMinerals #Sustainability #InvestorUpdate

Lithium demand is expected to rise significantly, with Benchmark Mineral Intelligence projecting a compound annual growth rate of 15% through 2033, driven by the growing adoption of #electricvehicles and #energystorage solutions. Traditional lithium mining, primarily from hard rock mining in Australia and brine evaporation in South America, is environmentally intensive, consuming significant amounts of water and energy. Analysts predict a potential lithium shortage by 2029, raising concerns about the industry’s ability to scale up responsibly. Direct Lithium Extraction offers a promising alternative, using thermal or chemical processes to extract lithium directly from brine while minimising environmental impacts. Unlike conventional methods, DLE can reinject water back into aquifers and reduce land usage, making it less invasive. Although currently a small part of the market, DLE is expected to grow significantly by 2030, attracting interest from mining and energy companies looking to develop cleaner, more efficient ways to meet the world’s increasing lithium needs. More 👉 https://lnkd.in/gtsXgxTX

We have signed a Lithium Brine Supply Agreement with Electroflow Technologies. Electroflow will use brine from our Utah #Lithium Project in its #DLE pilot plant to produce lithium hydroxide: https://lnkd.in/gV2JXY_6 Managing Director James Allchurch commented: ‘𝘐𝘯 𝘔𝘢𝘺 2024, 𝘶𝘴𝘪𝘯𝘨 𝘔𝘢𝘯𝘥𝘳𝘢𝘬𝘦’𝘴 𝘜𝘵𝘢𝘩 𝘓𝘪𝘵𝘩𝘪𝘶𝘮 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘣𝘳𝘪𝘯𝘦𝘴, 𝘌𝘭𝘦𝘤𝘵𝘳𝘰𝘧𝘭𝘰𝘸 𝘢𝘤𝘩𝘪𝘦𝘷𝘦𝘥 𝘰𝘶𝘵𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘳𝘦𝘱𝘦𝘢𝘵𝘢𝘣𝘭𝘦 𝘭𝘪𝘵𝘩𝘪𝘶𝘮 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘪𝘦𝘴 𝘰𝘧 92% 𝘢𝘯𝘥 𝘤𝘰𝘯𝘷𝘦𝘳𝘴𝘪𝘰𝘯 𝘵𝘰 𝘭𝘪𝘵𝘩𝘪𝘶𝘮 𝘩𝘺𝘥𝘳𝘰𝘹𝘪𝘥𝘦 𝘸𝘪𝘵𝘩 𝘯𝘰 𝘤𝘩𝘦𝘮𝘪𝘤𝘢𝘭 𝘱𝘳𝘦-𝘵𝘳𝘦𝘢𝘵𝘮𝘦𝘯𝘵. 𝘔𝘢𝘯𝘥𝘳𝘢𝘬𝘦 𝘸𝘪𝘭𝘭 𝘯𝘰𝘸 𝘣𝘦 𝘵𝘳𝘶𝘤𝘬𝘪𝘯𝘨 𝘢 𝘭𝘢𝘳𝘨𝘦 𝘲𝘶𝘢𝘯𝘵𝘪𝘵𝘺 𝘰𝘧 𝘜𝘵𝘢𝘩 𝘓𝘪𝘵𝘩𝘪𝘶𝘮 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘣𝘳𝘪𝘯𝘦 𝘵𝘰 𝘌𝘭𝘦𝘤𝘵𝘳𝘰𝘧𝘭𝘰𝘸’𝘴 𝘱𝘪𝘭𝘰𝘵 𝘱𝘭𝘢𝘯𝘵 𝘸𝘩𝘪𝘤𝘩 𝘸𝘪𝘭𝘭 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘰𝘯 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘺 𝘢𝘯𝘥 𝘱𝘶𝘳𝘪𝘵𝘺 𝘰𝘧 𝘭𝘪𝘵𝘩𝘪𝘶𝘮 𝘩𝘺𝘥𝘳𝘰𝘹𝘪𝘥𝘦 𝘱𝘳𝘰𝘥𝘶𝘤𝘦𝘥 𝘰𝘯 𝘢𝘯 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘣𝘢𝘴𝘪𝘴 𝘢𝘵 𝘢 𝘭𝘢𝘳𝘨𝘦𝘳 𝘴𝘤𝘢𝘭𝘦. 𝘊𝘳𝘶𝘤𝘪𝘢𝘭 𝘤𝘰𝘮𝘮𝘦𝘳𝘤𝘪𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘳𝘦𝘭𝘢𝘵𝘪𝘯𝘨 𝘵𝘰 𝘤𝘰𝘴𝘵𝘴 𝘰𝘧 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘪𝘯𝘨 𝘸𝘪𝘭𝘭 𝘢𝘭𝘴𝘰 𝘣𝘦 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘦𝘥. 𝘐𝘯 𝘢 𝘥𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘧𝘰𝘳 𝘭𝘪𝘵𝘩𝘪𝘶𝘮 𝘱𝘭𝘢𝘺𝘦𝘳𝘴, 𝘔𝘢𝘯𝘥𝘳𝘢𝘬𝘦 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘢𝘣𝘭𝘦 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘪𝘮𝘱𝘳𝘦𝘴𝘴𝘪𝘷𝘦 𝘩𝘦𝘢𝘥𝘸𝘢𝘺 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘜𝘵𝘢𝘩 𝘓𝘪𝘵𝘩𝘪𝘶𝘮 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘤𝘰𝘮𝘱𝘳𝘰𝘮𝘪𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘊𝘰𝘮𝘱𝘢𝘯𝘺’𝘴 𝘤𝘢𝘴𝘩 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯. 𝘛𝘩𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘜𝘚$1𝘔 𝘰𝘧 𝘜𝘚 𝘍𝘦𝘥𝘦𝘳𝘢𝘭 𝘋𝘰𝘌 𝘧𝘶𝘯𝘥𝘪𝘯𝘨, 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘧𝘳𝘰𝘮 𝘵𝘸𝘰 𝘋𝘓𝘌 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘵𝘰 𝘣𝘶𝘪𝘭𝘥 𝘱𝘪𝘭𝘰𝘵 𝘧𝘢𝘤𝘪𝘭𝘪𝘵𝘪𝘦𝘴 𝘢𝘵 𝘵𝘩𝘦𝘪𝘳 𝘰𝘸𝘯 𝘤𝘰𝘴𝘵 𝘢𝘯𝘥 𝘔𝘪𝘯𝘦𝘳𝘢𝘭 𝘙𝘦𝘴𝘰𝘶𝘳𝘤𝘦𝘴 𝘌𝘴𝘵𝘪𝘮𝘢𝘵𝘦 𝘥𝘶𝘦 𝘵𝘩𝘪𝘴 𝘲𝘶𝘢𝘳𝘵𝘦𝘳 𝘩𝘢𝘴 𝘵𝘩𝘦 𝘊𝘰𝘮𝘱𝘢𝘯𝘺 𝘸𝘦𝘭𝘭 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘦𝘥 𝘨𝘰𝘪𝘯𝘨 𝘧𝘰𝘳𝘸𝘢𝘳𝘥.’

👀 More ElectraLith coverage on its Direct #Lithium Extraction and Refining technology! Via pv magazine Global - Breaththrough technology cuts lithium extraction costs, boosts sustainability: https://lnkd.in/g35yjhZS

Congratulations to ElectraLith on this significant milestone. It’s great to see such innovation in sustainable lithium extraction. Looking forward to seeing the continued progress. ElectraLith produced 99.9% pure battery-grade Lithium Hydroxide from brine at Mandrake's Utah Lithium Project. #DLE #Lithium #Sustainability

ElectraLith, which is backed by Rio Tinto, is raising $15m to develop direct lithium extraction technology to reduce reliance on Chinese supply: https://lnkd.in/g59dV-Bp ElectraLith produced 99.9% pure battery-grade #Lithium Hydroxide from brine at our Utah Lithium Project.

Mandrake along with several leading technical groups, has been awarded US$1 million by the US Department of Energy to characterise and estimate reserves of #lithium and other critical minerals in the Paradox Basin: https://lnkd.in/gm4bVxhG

"MAN is in the right country (USA), and has the right kind of #lithium (brines) that continue to attract significant investment from the big guys." Coverage via Next Investors: https://lnkd.in/guzibTai

"DLE is gathering pace because it can produce #lithium in hours or days vs months or years on a fraction of the land and process brines with lower lithium concentrations" Major fossil fuel companies, including ExxonMobil, Occidental Petroleum, and Equinor, are investing in lithium extraction projects, leveraging their expertise in subsurface exploration and drilling to tap into the growing demand for battery metals. Via MINING.com: https://lnkd.in/ggnKaZiS

The Energy Permitting Reform Act of 2024 will simplify the development process for energy projects, including our large-scale Utah #Lithium Project. This legislative boost helps us advance our project & strengthens the U.S.'s role in the sector: https://lnkd.in/g5ivYtx5