Mandrake Resources (ASX: MAN) - Trading with Barclay Pearce Capital

Every week we publish a collection of investment opportunities for our clients and give our expert opinion and analytics about the Equity Markets.

Trading-With-Barclay-Pearce-Capital-Newsletter-thumbnail-1


Looking for your next trade?

With the commodity supercycle in full effect, we are seeing high potential junior miners reap significant rewards.
 
Today, we are talking about Mandrake Resources (ASX: MAN).

Resources-Top-5-A-near-term-graphite-miner,-some-remarkable-old-copper-hits,-and-drilling-a-Julimar-doppelganger

Resources Top 5: Drilling a Julimar doppelgänger

In March, Mandrake said it would be the first company to drill a Julimar-style EM target following the Chalice discovery in early 2020. The stock is up 950% over the past year.


Mandrake Resources (MAN)-1

 

Mandrake Resources Limited (ASX: MAN)

Mandrake Resources (Mandrake or the Company) is a unique junior explorer feat. a multi-asset portfolio of projects in WA and NT. MAN to farm-in to highly prospective 140km2 land package application located 30km east of Chalice Gold Mine Limited’s exciting new Julimar Ni-Cu-PGE discovery in the Jimperding Metamorphic Belt.
 
Scheduled to begin in May is Mandrake's drilling of the highly prospective Newleyine Ni-CU-PGE target which is located 30km from Chalice's (ASX: CHN) Julimar discovery.
 
The drilling program consists of the testing of bedrock anomalies with geophysical interpretation suggesting a potential response of massive sulphides consistent with Julimar-style mineralisation.
 
Mandrake also has a land access agreement and binding purchase option executed with the private landholder of Newleyine, thus de-risking the project's future development.
 
Mandrake Resources Project Email

 

Although historical work did not test for PGEs, the Group suggests the comparison between the Newleyine prospect and the Julimar discovery is similar in nature.

Mandrake Resources Julimar Comparison

 

The Company's corporate snapshot is robust with a cash balance of $4.7 million and a 40 per cent equity control amongst the Top 20 shareholders.

Mandrake Resources Shareholders

Mandrake Resources (ASX: MAN) Share Price Update - 5 May 2021:

MAN Chart 5.5.21-1

Mandrake's share price has recently exploded and is now looking to successfully breakout and continue its uptrend leading into drilling.

With the Group's market cap valuation at $63m, and its neighbour, CHN, sitting at $2.3B, the potential upside is significant if it proves its claims.

 

Where to from here?

Trading equities is all about having access to the right investment opportunities and making decisions based on accurate, unbiased information. Often, this means hours of research on a daily basis, keeping up with several ASX announcements, understanding economy-impacting events and regularly consuming broader news updates. If you're not an equities trader by profession, then it can quickly become rather overwhelming, especially once you have built a considerable-sized investment portfolio.

Our Equities Trading team, backed by our independent research department is the ideal solution for said situation. Our clients receive access to exclusive investment opportunities, daily ASX research reports, our expert weekly outlook on the Australian markets and direct access to our equity traders.

Trading with Barclay Pearce Capital is about building long-term returns, trust, confidence and a mutually beneficial relationship.

 

ben-circle

Ben Weber

Chief Investment Officer

Trent-Primmer

Trent Primmer

Head of Trading

Joseph Raad

Joseph Raad

Equities Trader

Roberto-Russo

Roberto Russo

Equities Trader

Malcom-trans

Malcolm Kazal

Equities Trader

CJ Frangieh

CJ Frangieh

Equities Trader

Trent Primmer
quote
"Trading with Barclay Pearce Capital ensures the needs of investors of all magnitudes are met by our highly skilled and attentive trading professionals."

~ Trent Primmer, Head of Trading, Barclay Pearce Capital.