Mandrake Resources Ltd · ASX:MAN
Mandrake Resources — Investor Presentation (July 2023)
17 slides from Mandrake Resources's investor presentation, Jul 25, 2023
Slide 1: Investor Presentation
July 2023 Investor Presentation 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 neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the mate
Slide 3: Supporting the Energy Revolution in the US
Supporting the Energy Revolution in the US Decarbonization Ensuring Self-Sufficiency Entering the era of the US government focused on Electric Vehicle building domestic EV chain Availability of Energy Battery Gigafactories growth storage is fundamental Late 2020’s US Lithium demand Batteries need Li
Slide 4: Lithium Market - Strong Market Fundamentals
Lithium Market - Strong Market Fundamentals Exponential EV Growth Higher Lithium Demand Higher Lithium Prices 2021 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e ASX: MAN | mandrakeresources.com.au Investor Presentation | 04 Source: International Energy Agency (IEA) Global EV Data Explorer, I
Slide 5: Corporate Snapshot
Corporate Snapshot ASX Code Shares on Issue Share price Market Cap Cash Debt MAN 598m $0.042 $25m $18.3m NIL Overview Shareholders Tight capital structure Galan Lithium Limited 6.4% $18.3m in cash (Mar 23) BNP Paribas Nominees Pty 5.5% 100%-owned Large-scale US James Allchurch 2.4% lithium asset wit
Slide 6: 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 7: Large-scale US Lithium Brine Project
Large-scale US Lithium Brine Project Mandrake has staked over 53,426 acres of Federal BLM claims in the preceding 8 months Other Business Agreement (OBA) with Utah State Govt for a further 34,670 acres Commanding total acreage position of 88,096 acres (356km2) – and growing Prolific oil and gas prod
Slide 8: Utah Lithium Project - Premier Position
Utah Lithium Project - Premier Position Large-scale acreage position in the ‘lithium four corners’ Paradox basin in Utah Oversaturated brines (40% minerals, 60% water) discovered during oil exploration 80 years ago Brines hosted by the Paradox formation (>4,000 ft thick interbedded salt/clastic) and
Slide 9: Access to Legacy Oilfield
Access to Legacy Oilfield Well Access Agreement (WAA) executed in May 2023 with large local helium/oil and gas producer Paradox Resources Paradox operates over 150 wells and 570 miles of operated gas gathering lines (220 miles of which is wholly owned) across the Utah Lithium Project. WAA allows Man
Slide 10: Sampling and Resource Imminent
Sampling and Resource Imminent Previous sampling extremely limited - wells exclusively drilled for oil, no targeted sampling for lithium brines Compilation of 3D seismic, geological and petrophysical data is complete – target wells identified Well workplans and sampling regimen complete with permitt
Slide 11: Scale and Structure
Scale and Structure 181km2 of seismic has been acquired for nil consideration Lithium sourced from the breakdown of plutonic igneous basement rocks Deep-rooted fault systems provide potential pathways for the migration of lithium-rich brines from the basement source to overlying brine reservoirs New
Slide 12: Lithium Enrichment Model
Lithium Enrichment Model Vast lateral continuity and prodigious thickness of potential lithium brine-bearing units Selected re-entry sampling wells target fault systems Lithium is readily dissolved and potentially transported in sub-surface fluids with highest concentrations of lithium typically pro
Slide 13: US – The Place to be for Critical Minerals
US – The Place to be for Critical Minerals Extraordinary support for non-adversarial (domestic) sources of Growing Battery Gigafactories critical minerals by way of grants & loans from US Govt & Industry Increase in Demand for Lithium Inflation Reduction Act 2022 (IRA) - US$391 billion for LG IM3 20
Slide 14: Strategic Alignment with Lithium Developer
Strategic Alignment with Lithium Developer 30M shares at 5c ($1.5M) for a ~5% stake in Mandrake (one year escrow) ASX Code Market Cap Mineral Resources GLN $278M 6.5Mt Lithium Carbonate Equivalent (LCE) Immediately purchased another 5M MAN on-market Currently developing the Hombre Muerto West lithiu
Slide 15: Other Projects
Other Projects Berinka Au-Ag-Cu Project Northern Territory 100%-owned Berinka Pine Creek Project is a highly prospective frontier high grade Au-Ag-Cu prospect that has received little modern exploration Mandrake’s drilling has returned high grade gold and unexpected high grade copper and silver resu
Slide 16: Near-Term Newsflow
Near-Term Newsflow Strategic expansion Lithium Sampling of land position Results JORC 2012 Assessment of funding Exploration Target options (US govt grant/ loan and private industry) JORC 2012 Investigation of suitable direct Mineral Resource lithium extraction (DLE) technologies Estimate & potentia
Slide 17: 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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