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- Swabbing operations have been successfully completed at the Evelyn Chambers #1 well
- More them 8,000L of brine extracted from existing perforations
- Bulk lithium brine delivered to US-based direct lithium extraction (DLE) provider
- US$1 million federal funding covered majority of costs associated with operation
Mandrake Resources (ASX: MAN) has successfully completed swabbing activities at the Evelyn Chambers #1 well located within the Utah Lithium Project.
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The majority of costs associated with the operation were funded by the US$1 million federal grant awarded by the US Department of Energy (DoE) to the Paradox Basin Lithium Group.
Mandrake utilised a swabbing unit at Evelyn Chambers #1 to extract approximately 8,000 litres of lithium brine from existing perforations in the main Mississippian Leadville Formation target reservoir.
The existing perforations were designed to extract oil and gas (now depleted) and are therefore not optimised for targeting modelled high grade lithium concentrations within the Leadville Formation.
8,000 litres of brine has been transferred to Electroflow Technologies Inc (Electroflow), with additional brine to be supplied to several other DLE providers.
Mandrake lithium brine supplied to Electroflow, will be subject to a comprehensive technical and commercial appraisal.
Electroflow intends to produce battery grade lithium carbonate and lithium iron phosphate from Mandrake brine. The output of the appraisal will provide vital purity, recovery and costing data which will in turn form the basis of scoping studies.
Mandrake is focused on advancing its large-scale lithium project in the prolific ‘lithium four corners’ Paradox Basin in south-eastern Utah.
The company’s 100%-owned tenure position exceeds 77,700 acres and incorporates a large-scale maiden Inferred resource estimate of 3.3 million tonnes (Mt) lithium carbonate equivalent (LCE), establishing the Utah Lithium Project as a top tier US-domiciled lithium brine asset.
Positioned within Utah’s pro-mining jurisdiction, the project benefits from a favourable regulatory environment that supports mining activities. The project has access to Tier 1 infrastructure, including power and water resources.
Mandrake also 100%-owns the Berinka gold-copper project, located within the world-class Pine Creek Orogen of the Northern Territory, a prolific mineral province renowned for gold and base metal mineralisation.
MAN was steady 1.9¢ with a Mkt cap of $11.91M prior to markets opening.
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
