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...
Here is an overview of VRX Silica’s progress during the December 2022 quarter.
Critical Minerals Publication
The Austrade Critical Minerals Prospectus 2022 Edition, published by the Australian Trade and Investment Commission, included VRX SILICA’S Arrowsmith North and Muchea silica sand projects.
So far, the critical minerals prospectus has gained compelling recognition among interested foreign investors and buyers, Australian corporates, and the Australian government.
The prospectus highlighted the potential of VRX Silica’s silica sand projects to address anticipated production shortfalls, build supply chain security, and aid a net-zero future, which can be a significant step forward for the Company. The publication will also promote VRX products to potential buyers and investors overseas.
VRX Silica will continue to contact potential buyers who received samples of products from Arrowsmith North and Muchea silica sand projects.
Silica Sand Project Advancements
VRX ensures a disciplined, staged development of its world-class silica sand projects.
The Arrowsmith North silica sand project will lead a disciplined development program, followed by Muchea and Arrowsmith Central silica sand projects.
Arrowsmith North Silica Sand Project
The low-impact mining with long-term production at Arrowsmith North silica sand project is said to commence this year and is subject to EPA approval.
Arrowsmith North has a resource potential of 221 Mt Proved and Probable Ore Reserve at 99.7% SIO2. A revised capital estimate on a tailored 2 Mtpa processing plant is currently in progress.
The tendering and specification of long lead time equipment are complete. Upon final mining approval and financing, VRX will commence the procurement of major equipment.
As requested by the EPA, VRX Silica lodged a revised Environmental Review Document (ERD) and response table in December 2022. The Company awaits a response or approval for the ERD for publication.
Arrowsmith North Mineral Resource and Ore Reserve Update
A recent update on Mineral Resource Estimate (MRE) and Ore Reserve Statement (ORS) was announced in November 2022, showing an Ore Reserve of 9.2Mt, an updated total Ore Reserve of 221Mt and a Mineral Resource of 768Mt @ 98.0% SiO2. The results of the test work confirm product specifications for marketing and offtakes.
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