Mandrake Resources Ltd · ASX:MAN
Mandrake Resources — Investor Presentation (November 2024)
13 slides from Mandrake Resources's investor presentation, Nov 6, 2024
Slide 1: Utah Lithium Project
Utah Lithium Project November 2024 ASX: MAN | mandrakeresources.com.au
Slide 2: Disclaimers & Disclosures
Disclaimers & Disclosures This presentation has been prepared by Mandrake Resources Limited (MAN). This Presentation is provided on the basis that Competent Persons Statement neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance
Slide 3: Brines - The Future of Lithium
Brines - The Future of Lithium Lowest operating costs Smallest environmental footprint Low carbon intensity Unparalleled private and public investment in DLE – technology well advanced Rio Tinto have gone ‘all in’ on brine and DLE - Rincon Li2CO3 plant expected to commence by end 2024 Modi
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code Shares on Issue Share price Market Cap Cash Debt LCE MAN 624m $0.027 $16.8m $14m NIL 3.3Mt* Overview Enterprise Value <$3m $14m in cash (September 2024) 100%-owned large-scale US lithium asset with access to historic wells 3.3 Mt of LCE Inferred Resource* (JORC 2012) DLE
Slide 5: Board of Directors & Management
Board of Directors & Management James Allchurch Lloyd Flint Roger Fitzhardinge Managing Director Non-Executive Chairman Non-Executive Director Over 20 years’ experience in mineral exploration, geotechnical Chartered Accountant with over 25 years’ experience in the More than 20 years’ experience in t
Slide 6: Utah Lithium Project - Premier Position
Utah Lithium Project - Premier Position Commanding total acreage position of 93,755 acres (379km2) Brines hosted by the Paradox (>1.2km thick salt/clastic) and 120m thick Leadville formations – enormous brine reservoirs Legacy oil and gas data enables strong geological understanding (over 150 well l
Slide 7: Large-Scale US Lithium Resource
Large-Scale US Lithium Resource Mandrake sampling returned exceptional lithium concentrations up to 147mg/L Li 3.3 Mt Lithium Carbonate Equivalent (LCE) JORC 2012 Inferred Resource* Sampling lithium brines from existing wells is a significant cost saving to drilling Outstanding bromine and potassium
Slide 8: Further Resource Upside
Further Resource Upside 3.3Mt LCE Resource* based on Mandrake wireline sampling and existing oil and gas operations data – no previous lithium work Next Steps Re-enter existing wells targeting reservoirs with historic high concentrations of Li that were not accessed (perforated) by the oil companies
Slide 9: Proven Lithium Production
Proven Lithium Production Two DLE partners have produced battery-grade Lithium Hydroxide directly from Mandrake brine Rio Tinto-backed Direct Lithium Extraction (DLE) and Refining company ElectraLith successfully produced 99.9% pure battery- grade Lithium Hydroxide US-based, Bill Gates Breakthrough
Slide 10: US – The Place to be for Lithium
US – The Place to be for Lithium Oil Majors enter the Lithium brine scene Utilising in-house know-how to position themselves - US$100 Million purchase of oilfield brines - First lithium well drilled (January 2024) - 100k ton lithium supply to SK (June 2024) - US$70 Million into Standard Lithium (May
Slide 11: Funding from the US Department of Energy
Funding from the US Department of Energy US$1 Million grant awarded by US Department of Energy (DOE) to a consortium of Mandrake, Idaho National Laboratories (INL), National Renewable Energy Laboratory (NREL) and University of Utah Partnering with INL, NREL and the University of Utah will give Mandr
Slide 12: Near-Term Newsflow
Near-Term Newsflow Re-entry of existing wells Upgrade to Indicated targeting lithium prospective Resource on back of pump reservoirs testing Direct lithium extraction (DLE) Increase in Resource Size pilot plant processing results Additional government funding Scoping Studies (US govt grant/ loan) AS
Slide 13: For further information:
For further information: First Floor, 10 Outram Street, West Perth WA 6005 P (08) 9200 3743 James Allchurch F (08) 9200 3742 Managing Director E admin@mandrakeresources.com.au
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