** Shares of Mandrake Resources rise as much as 17.7% to A$0.030, posting their biggest intraday pct gain since Sept. 23
** Lithium explorer says it has identified 3.3 mln tonnes of lithium carbonate equivalent $(LCE.AU)$ at its Utah project in the United States
** Says LCE identification confirms project's status as a top tier lithium asset
** Stock hits its highest level since Oct. 11
** More than 5.2 mln shares change hands, compared with the 30-day avg of ~668,000
** Stock down ~35% YTD, including current session's move
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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