Mandrake Resources Ltd · ASX:MAN
Mandrake Resources — Investor Presentation (September 2024)
15 slides from Mandrake Resources's investor presentation, Sep 18, 2024
Slide 1: Utah Lithium Project
Utah Lithium Project September 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: Corporate Snapshot
Corporate Snapshot ASX Code Shares on Issue Share price Market Cap Cash Debt MAN 617m $0.027 $16.6m $15m NIL Overview $15m in cash (June 2024) 100%-owned large-scale lithium brine (DLE) asset with access to historic wells DoE grant secured as US seeks to secure domestic critical mineral supply 1.7 t
Slide 4: 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 5: US Energy Revolution
US Energy Revolution Decarbonization US Critical Minerals Self-Sufficiency Electric Vehicle future US government focused on inevitable reducing Chinese influence Energy storage is Battery Gigafactories and fundamental Data Centres growth Albemarle forecasting 5x Different US government Lithium deman
Slide 6: US – The Place to be for Critical Minerals
US – The Place to be for Critical Minerals Oil Majors enter the Lithium brine scene Growing Battery Gigafactories Utilising in-house know-how to position themselves Increase in Demand for Lithium LG IM3 20 GWh 15 GWh - US$100 Million purchase of oilfield brines GM/LG - First lithium well drilled (Ja
Slide 7: Funding from the US Department of Energy
Funding from the US Department of Energy US$1 Million grant awarded to a consortium of: Project Objectives - Mandrake; Assemble existing data on lithium brine - Idaho National Laboratories (INL); Sampling multiple wells to obtain lithium data - National Renewable Energy Laboratory (NREL); and - Univ
Slide 8: Large-scale US Lithium Brine Project
Large-scale US Lithium Brine Project Commanding total acreage position of 93,755 acres (379km2) Outstanding infrastructure with nearby rail, road power and water infrastructure in the heart of the US Exploration Target1 Estimate of between 1.7 and 5.6 Mt of Lithium Carbonate Equivalent Prolific oil
Slide 9: Utah Lithium Project - Premier Position
Utah Lithium Project - Premier Position 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 the 400ft thick Leadville Formation – enormous brine reservoirs Abundancy of leg
Slide 10: Brine sampling completed
Brine sampling completed Inexpensive sampling completed at five wells utilising legacy perforations designed to access hydrocarbons Exceptional lithium concentrations up to 147mg/L Li from Mandrake sampling Detailed geological modelling identifies higher lithium concentrations in reservoirs yet to b
Slide 11: 1.7 to 5.6 Mt of LCE (Exploration Target)
1.7 to 5.6 Mt of LCE (Exploration Target1) Exploration Target Estimate (JORC 2012) calculated for the Leadville and McCracken Formations and Clastic Zones 5, 8, 9, 10, 12, 15, 21 Mandrake’s extensive, modern 3D seismic and historical oil and gas well logs dataset offers a level of significant reliab
Slide 12: Demonstrated lithium extraction
Demonstrated lithium extraction 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 Energy Fellows-funded Electroflow Technologies produced outstanding repeatable recover
Slide 13: Near-Term Newsflow
Near-Term Newsflow JORC 2012 Brine Sampling Campaign – Mineral Resource Estimate Li concentrations and pump testing Direct lithium extraction (DLE) Additional government funding pilot plant development (US govt grant/ loan) Scoping Study and elevation Offtake discussions to Indicated Resource ASX: M
Slide 14: 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 15: 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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