Mandrake Resources Limited announced that drilling has re-commenced at the Company's Newleyine PGE-nickel-copper prospect. The Newleyine prospect lies within Mandrake's Jimperding Project and is located 30km east of Chalice's Julimar PGE-nickel-copper discovery in the same geological terrane. In July 2021 Mandrake drilled three diamond drill holes targeting two of the three discrete, late-time electromagnetic (EM) bedrock anomalies that geophysical interpretation suggested could be the response of massive sulphides consistent with Julimar-style PGE-Ni-Cu mineralisation.

Reverse Circulation (RC) drilling at drill hole MNEWRC004 is now underway targeting the final untested EM bedrock anomaly (conductor plate C). Once complete, MNEWRC004 will be cased ahead of a down-hole EM (DHEM) survey designed to identify off-hole EM conductors. It is anticipated that assay results for MNEWRC004 will be received in late February/March.