ASX-listed Mandrake Resources (ASX:MAN) has identified 6 wells as ‘high-priority’ candidates for lithium sampling re-entry at the Utah Lithium Project in the northern Paradox Basin, US.
The company has completed a detailed field inspection aimed at identifying and assessing existing oil and gas wells, which represent lithium candidates for potential re-entry to enable the sampling of brines and determine lithium concentrations.
According to Mandrake, re-entering an existing well is up to 10 times cheaper than drilling a new well.
Field inspections were conducted to assess field-specific variables, such as the well pad conditions, well accessibility, road access, environmental status, and presence and condition of any above-ground infrastructure.
The company is now shifting its focus to the completion of well access agreements, along with the preparation for field activities to facilitate the sampling of historical oil and gas wells.
The company is now shifting its focus to the completion of well access agreements, along with the preparation for field activities to facilitate the sampling of historical oil and gas wells
Mandrake says in the initial phases, the candidate wells identified incorporated a detailed review of local geology, stratigraphy, and an analysis of petrophysical logs from dozens of local oil and gas wells.
Additionally, further consideration was given to finalising the well completion status, including specifics related to the age of the well, casing dimensions, and the presence of plugs.
Mandrake Resources is an exploration company focused on advancing its Utah Lithium Project and is moving towards a maiden lithium exploration target.
The company’s Utah project is a ‘large-scale’ lithium project in the prolific ‘lithium 4 corners’ area in the Paradox Basin, southeast of Utah, US. The project comprises a 226km-square area and includes a Binding Agreement with the Utah State Government for over 34,000 acres.
Images: Mandrake Resources Ltd
