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...
QX Resources Limited Projects
The group’s lithium strategy is centred around hard rock lithium projects in Western Australia’s prolific Pilbara province, where it holds four key projects spanning a total area of 335 KM2 in strategic proximity to some of Australia’s largest lithium deposits.
The Pilbara Lithium projects consist of the following:
- Turner River project: The Turner River project is located in a prime address, 15km south of the Wodgina Project, held by Mineral Resources, one of the largest hard rock lithium deposits globally. The 100% owned 84 km2 area contains a series of high-priority lithium targets with high-grade rock chip assays of 1.6% Li2O, 1.1% Li2O and 4.9% Li2O. Recent drilling indicates significant areas of lithium-bearing pegmatites and lithium-rich micas (lepidolite). Drilling targets the potential for either lithium mica and spodumene-bearing pegmatites or a new large tonnage hard rock lithium deposit near the top of a lithium mica-rich granite.
- Split Rock project: The Split Rock project covers an area of 35 km2 in the Pilbara Lithium Province, located north of Newman. The project is located along the margin of the Split-Rock Supersuite, a high-prospect region for lithium pegmatites. The project is also prospective for copper, gold, lead, silver, and zinc.
- Western Shaw project: Located in the Pilbara Lithium Province, WA, the project spans 96 km2 and lies on the southern end of the Western Shaw Greenstone Belt. The project is in a region dominated by ‘nested’ granite plutons, many of which are known to host lithium-bearing pegmatite dykes and is also prospective for iron ore and nickel.
QXR is developing two Central Queensland gold projects — Lucky Break and Belyando — and holds a 70% interest, with an option to increase to 90%, through an earn-in agreement with Zamia Resources Pty Ltd. Both projects are strategically located within the Drummond Basin. This region has >6.5moz gold endowment. The mines in the region have compelling under-explored geology.
The project consists of two major gold mines:
- Lucky Break Gold Mine: The mine was mined during 1987–1988 and has produced 7,000 ounces of gold.
- Belyando Gold Mine: The mine was discovered in THE 1980S, has seen historical exploration and produced approximately 86,000 ounces of gold BETWEEN THE 1980S AND 1990S.
QX RESOURCES holds SEVEN EXPLORATION LICENCES spanning an area of 430 KM2.
Big Red Prospect (EPM 17703) is a key focus with extensive near-surface gold mineralisation across a large strike area. A trenching program recorded multiple intersections of high-grade gold mineralisation, including:
- 9m @ 5.9 g/t Au,
- 8m @ 7.1 g/t Au (including 2m @ 23 g/t Au) and
- 11m @1.89g/t (including 1m @ 11.3 g/t Au).
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