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Mandrake Resources raises $12 million to accelerate PGE exploration

Mandrake Resources raises $12 million to accelerate PGE exploration

Brookville Capital's Simon Popple gives his views on Mandrake Resources (ASX:MAN) following its $12 million capital raise and the start this week of a drill program at its Newleyine PGE-Ni-Cu target which is 30km from Chalice Mining Ltd's (ASX:CHN) (OTCQB:CGMLF) exciting Julimar discovery. Mandrake says it will also undertake further work at the PGE-Ni-Cu prospects identified by a recent comprehensive geological mapping and sampling programme across the entire Jimperding project.

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