Australia's Mandrake Resources rises to over 1-year high on lithium deal with Stardust Power

Mandrake Resources

02/11/2025 23:35

** Shares of Mandrake MAN.AX rise as much as 26.1% to A$0.029, hitting their highest levels since October 29, 2024

** Stock hits its highest intraday pct gain since June 29, 2023

** The Australia-listed exploration firm signs a non-binding agreement with lithium refiner Stardust Power SDST.O

** Adds that deal is to supply Stardust with 7,500 metric tons of lithium chloride per annum

** Stock up over 18% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))