Skip to main content

Posts

Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potentially
Post a Comment
Read more
Recent posts

Jindalee Resources Limited releases half-yearly financial report for the period ended on December 31st, 2022: Important facts and figures

  JINDALEE RESOURCES LIMITED   (ASX: JRL), (Jindalee, the Company), a mineral exploration company based in Western Australia, releases its   HALF-YEARLY FINANCIAL REPORT   for the period ended on December 31 st , 2022. The Company is aligned with its goals and working on its potential projects. Also, after the reporting period, Jindalee spun off the Australian lithium, nickel, and gold assets to focus on its core assets in the United States. Operations During the Period Jindalee Resources focused on the McDermitt Lithium Project in the United States during the half-year period. Drilling was executed to expand the existing resource base along with metallurgical test work, cultural surveys, and environmental baseline studies to reduce the risks associated with the project. The Company acquired an 80% stake in the Deep Well Nickel-Copper-PGE Project (Western Australia) and divested several non-core projects there. As part of its proposed exploration for early 2023, Jindalee Resources comp
Post a Comment
Read more

Jindalee Resources Prefers Acid Leaching Testwork for Lithium Extraction

  JINDALEE RESOURCES LIMITED   (ASX: JRL) (Jindalee or the Company) announces the preferred lithium extraction process for its 100% owned McDermitt Project. Fluor Corporation (NYSE: FLR), an American multinational engineering and construction firm, completed the review of Jindalee’s metallurgical testwork undertaken at the McDermitt Lithium Project. A range of lithium extraction methods was analysed in the review. Based on the review, acid leaching with beneficiation was the most economically viable option for the Project. However, to refine the preferred flowsheet, it is recommended that metallurgical testwork begins immediately. This will support further studies on the Project, incorporating the recently updated Mineral Resource Estimate (MRE). About McDermitt Project The McDermitt Lithium Project, located in SE Oregon, is 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of  Jindalee . It is one of the largest lithium deposits in the United States. Potential Pa
Post a Comment
Read more

Platina Resources Limited signed a Joint Venture agreement with Chalice Mining for the Mt Narryer Gold Project

  PLATINA RESOURCES LIMITED  (ASX: PGM) (Platina or the Company) is a mineral resource exploration company based in Western Australia. The Company has inked a  JOINT VENTURE AGREEMENT WITH CHALICE MINING LIMITED , a mineral exploration and development company, to operate the Mt Narryer Gold Project. Terms of the Joint Venture Stage 1 earn-in : Initially, Chalice Mining will earn a  51% INTEREST  in the project by investing  AUD 600,000  within two years, which must include at least  AUD 150,000  in the first year Stage 2 earn-in : Chalice Mining can acquire an additional  24% INTEREST  in the project by investing an extra  AUD 1.8 MILLION  within the next two years Platina free cost carry : Once Chalice Mining has obtained a  75% INTEREST  in the Project, Platina Resources Limited will continue to be free cost carried until the Pre-Feasibility Study is completed Contribute & Dilute : After the Pre-Feasibility Study is completed, the funding for the project will switch to a standard
Post a Comment
Read more

Carbonxt Group Limited makes a USD 500,000 Prepayment to Gain Development Momentum at Its Activated Carbon Plant in Kentucky

  CARBONXT GROUP LTD   (ASX: CG1) (Carbonxt, or the Company) has announced a prepayment of   USD 500,000   to accelerate the construction of its ultra-modern activated carbon production facility in Kentucky, USA. The funding will be available to the Company’s joint-venture (JV) partner, Kentucky Carbon Processing LLC (KCP). Funds will be utilised to facilitate the purchase of long-lead items. It will ensure the timely procurement for the first phase of the Kentucky Plant’s construction and operations commencement. The prepayment provision demonstrates the commitment of all parties involved in the Project to expedite the Plant construction. The legal documentation for the joint-venture (JV) framework is progressing well, with final terms expected soon before the commencement of construction. The water treatment and air purification sector highly depends on Activated Carbon (AC). Carbonxt’s new production facility capacity to produce Activated Carbon (AC) pellets and powder will consolid
Post a Comment
Read more

Roquefort Therapeutics PLC (LSE: ROQ) And Randox Laboratories Strike Exclusive License Agreement For Medical Diagnostics

  Roquefort Therapeutics PLC (LSE: ROQ, OTCQB: ROQAF), a cancer-focused biotechnology company, has made a significant announcement recently. The Company has signed an   EXCLUSIVE LICENSING AND ROYALTY AGREEMENT   with Randox Laboratories Ltd., a global leader in medical diagnostics. The agreement (“Randox Licence Agreement”) pertains to Roquefort’s Midkine antibody portfolio and is limited to medical diagnostics. As per the Randox Licence Agreement, Roquefort Therapeutics has granted Randox an exclusive worldwide (except Japan) license to use its Midkine antibodies in medical diagnostics. This license agreement is valid for ten years. The two companies will work together on a combined research programme to identify new cancer diagnostics that will be treatable with Roquefort’s Midkine therapeutics. This collaborative effort aims to leverage the strengths of both companies to develop innovative diagnostic solutions for cancer patients. The agreement’s commercial terms remain undisclosed
Post a Comment
Read more

Platina’s Maiden Phase Of Exploration To Commence At The Brimstone Gold Project, Western Australia

  PLATINA RESOURCES  (ASX: PGM) is a gold-focused explorer with a keen interest in major precious metals in the world-class provinces of Western Australia. As per the   RECENT ANNOUNCEMENT   made on March 1 2023,   PLATINA RESOURCES   is preparing for the first round of exploration at its  BRIMSTONE PROJECT IN WESTERN AUSTRALIA . Managing Director Mr Corey Nolan authorised the announcement. He said, “A number of the  NEW TARGETS  have been historically drilled to shallow levels, including Old Camp and Garibaldi, which has a historical intersection of  55M @ 2.07 G/T GOLD AND 34M @ 2.80G/T GOLD . Drilling is planned to test the depth and strike potential of the system.” Managing Director Corey Nolan also added that a  GEOPHYSICS REINTERPRETATION AND REVIEW OF HISTORICAL DATA  helped define priority drilling targets. The Phase 1 gold drill program will commence once  CULTURAL HERITAGE  and other statutory clearances are obtained. Following Phase 1 drilling, the southern targets, includin
Post a Comment
Read more