Mandrake Resources Announces Promising Lithium Resource Estimate

Mandrake Resources Ltd (AU:MAN) has released an update.

Mandrake Resources Ltd has reported a maiden inferred resource estimate of 3.3 million tonnes of lithium carbonate equivalent (LCE) at its Utah Lithium Project. This announcement underscores the company’s potential in the growing lithium market, which is crucial for electric vehicle batteries. Investors might find this development promising as it aligns with the increasing demand for lithium resources.

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