Skip to main content

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: Potenti...

Well Drill Program and Renewed Credit Facility by Calima Energy

 Post the Russia-Ukraine war, Energy drilling in Australia has slowed down. However, to boost their oil production, Calima Energy announced their 4 Well Drilling Campaign in Brooks. In the initial days of 2022, the honourable President and CEO of BLACKSPUR OIL CORPORATION, MR JORDAN KEVOL, stated its 4 Well Drill Program and Renewed Credit Facility stating that:

“The Company has officially kicked off its post-spring break-up drilling program. The wells scheduled for Q3-2022 are getting a head start based on favourable weather conditions and the availability of a preferred drilling rig. Drilling is anticipated to take 6 weeks for the 4 wells, and the first production is expected from the Gemini wells by 31 July as the wells are on lease tie-ins.”

Camila Energy Has Started Its Four-Well Drilling Program

After the success of Gemini #5 in the first quarter of 2022, Gemini #8 has been spudded and has continued the drilling process for ten days up to 670 meters deep. The commencement of drilling the Gemini #9 will start in mid-June and will continue for the next eight days with a length of 1050 meters. It is a follow-up to Gemini #3, which was spudded during July 2021. Both the wells, Gemini #8 and #9, are spudded in Brooks with a Sunburst formation.

The anticipated spudding time for Pisces #4 and #5 is considered somewhere in late June or early July, which will continue for almost nine consecutive days. The drilling length of Pisces #4 is somewhere around 1650 meters, whereas the drilling length of Pisces #5 is somewhere around 1415 meters. These wells are the follow-ups of the Glauconitic wells that Blackspur drills.

Resource Link

camila energy


Comments

Popular posts from this blog

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: Potenti...

Eclipse Metals Reports A Busy December 2022 Quarter

ECLIPSE METALS  (ASX: EPM and FSE: 9EU) (Eclipse or the Company) has released its quarterly report highlighting the project advancements and other activities during the December 2022 quarter. Here are the updates on the activities carried out by Eclipse. Multi-commodity Greenland Project Updates ECLIPSE METALS  has completed the maiden percussion drilling and trench sampling program at its SW Greenland multi-commodity project. Initial stages of exploration at Ivigtût mine precinct and Grønnedal carbonatite were completed in November 2022. Grønnedal Carbonatite Complex Thirty-one drill holes over a ~3.0km by ~1.5km area to vertical depths of between 3m and 22m were completed at the Grønnedal carbonatite complex, and trenches were excavated where drilling was impossible. The drill samples taken at Greenland were tested using a portable XRF (pXRF) analyser. Grønnedal carbonatite complex shows favourable praseodymium (Pr) and neodymium (Nd) ratios and may have global significance ...

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...