Australia's Mandrake Resources set for best day in two months on Utah agreement

Mandrake Resources

22/05/2023 03:14

** Shares of Mandrake Resources  MAN.AX  rise as much as
12.8% to A$0.044, set for their best session in two months, if
gains hold 
    ** The minerals explorer says it has secured a well access
agreement with a local energy producer at its Utah lithium
project  urn:newsml:reuters.com:*:nFWN37H00O
    ** Says agreement will allow co to enter multiple existing
oil and gas wells to sample lithium brines, to accelerate
exploration
    ** Shares hit highest in a week 
    ** Stock down 2.5% this year, as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))