Mandrake Resources Ltd · ASX:MAN
Mandrake Resources — Investor Presentation (March 2023)
14 slides from Mandrake Resources's investor presentation, March 2023
Slide 1: Investor Presentation
March 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 $0.052 $31m $19m NIL Overview Shareholders Tight capital structure Galan Lithium Limited 5.9% $19m in cash BNP Paribas Nominees Pty 5.3% 100%-owned Large-scale Sandhurst Trustees Ltd 3.4% US lithium asset acquired
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 23,572 acres of Federal BLM claims in the preceding 4 months Other Business Agreement (OBA) with Utah State Govt for a further 34,670 acres Commanding total acreage position of 58,242 acres (226km2) – 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: Utah Lithium Project – Exploration Ready
Utah Lithium Project – Exploration Ready Previous sampling was suboptimal - wells exclusively drilled for oil, not targeting lithium brines Compilation of comprehensive geological and petrophysical data is well advanced – identification of wells to be sampled underway Strong news flow in the short t
Slide 10: 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 LG Inflation Reduction Act 2022 (IRA) - US$391 billion for 20 GWh
Slide 11: 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 $357M 6.5Mt Lithium Carbonate Equivalent (LCE) Recently purchased another 5M MAN on- market Currently developing the Hombre Muerto West lithium
Slide 12: 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 13: Near-Term Newsflow
Near-Term Newsflow Well-access agreements and Strategic expansion sampling of existing wells/potential of land position drilling of new well Assessment of funding JORC 2012 options (US govt grant/ Exploration Target loan and private industry) JORC 2012 Investigation of suitable direct Mineral Resour
Slide 14: 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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