Australia's Mandrake Resources jumps on Utah lithium project prospects

Mandrake Resources

22/10/2024 05:51

** Shares of Mandrake Resources  MAN.AX  rise as much as
17.7% to A$0.030, posting their biggest intraday pct gain since
Sept. 23
    ** Lithium explorer says it has identified 3.3 mln tonnes of
lithium carbonate equivalent (LCE) at its Utah project in the
United States
    ** Says LCE identification confirms project's status as a
top tier lithium asset
    ** Stock hits its highest level since Oct. 11
    ** More than 5.2 mln shares change hands, compared with the
30-day avg of ~668,000
    ** Stock down ~35% YTD, including current session's move

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))