Mandrake Resources Limited announced that, through ongoing staking activities, it has increased its Bureau of Land Management (BLM) acreage by 31%, securing a total of 62,745 acres (approximately 254 km2) of lithium brine prospective ground in the Paradox Basin. The lithium brine land tenure comprises: 1. 34,670 acres of leases pursuant to an Other Business Agreement (OBA) with the Utah School and Institutional Trust Lands Administration (SITLA), the organization which manages the Utah State Government's trust lands and mineral rights. 2. Over 1,400 BLM claims which totals 28,075 acres.

Staking of priority lithium areas is ongoing. Mandrake is well advanced in its preparation for field activities to facilitate sampling at the Utah Lithium Project. A JORC-compliant Lithium Exploration Target for the Utah Lithium Project is expected to be released in second quarter of 2023.