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...
PLATINA RESOURCES LTD (ASX: PGM) (Platina or “Company”) is a Western Australia-based company focused on advancing metal projects through exploration. Platina’s gold-focused portfolio includes five projects in Australia and shares investments in four listed companies.
Platina has recently shared a NEW INVESTOR PRESENTATION which highlights the Company’s development across various projects and assets. This article highlights everything you need to know about Platina Resources’ latest investor presentation.
Platina Resources Financial Standing
As of August 15, 2022, the Platina share price showed a 52-week high of AUD 0.08 AND A LOW OF AUD 0.025. Since its listing in May 2006, Platina has issued 523 MILLION SHARES. Platina has a market capitalisation of AUD 16.7 MILLION and currently ranks 576TH OUT OF 912 companies in the Basic Materials sector. As of August 12, 2022, Platina had AUD 4.7 MILLION in investments and AUD 2.9 MILLION in cash.
Expanding footprints in Western Australia
PLATINA RESOURCES has signed a conditional binding term sheet to acquire 100% of three projects owned by Sangold Resources Pty Ltd (ASX: SLR). The three projects covered under the term sheet include:
Brimstone Project
The Brimstone Gold Project is located 40km northeast of Kalgoorlie, Western Australia. The high-grade, near-surface gold project is highly prospective for greenstone rocks. The project includes 10 tenements covering a total of 70km2. The project includes five prospecting licenses, three exploration licenses (one granted, two pending), one mining license, and one miscellaneous license.
The project has seen historic drilling and includes over 964 holes, most holes less than 50m in depth. The project has seen a historic expenditure of approximately AUD 5 million. However, no systematic tenement-wide exploration campaign has been conducted as a follow-up. Only a few drill intercepts have seen follow-up drilling.
Beete Project
The Beete Gold Project is located 50km south of Norseman, Western Australia. The project tenement is believed to be an extension of the Norseman Greenstone Belt, which has seen historic gold production of approximately 5.5 Moz. The project includes an exploration license spanning approximately 139km2.
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