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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...
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Platina Resources Limited Publishes Its Half-Yearly Interim Financial Report For The Period Ended On December 31st, 2022

PLATINA RESOURCES LIMITED (ASX: PGM), (PGM or Company) is a gold-focused mineral exploration company based in Perth, Western Australia. The Company has released its INTERIM FINANCIAL REPORT for the half-year period ended on December 31st, 2022. The report states the Company has preserved shareholder value by advancing its projects through exploration, feasibility, permitting, and monetising through joint ventures, sales, or development.

Income Statement of the Company During the Period

The Company operates predominately in mineral exploration zone and has only a reportable geographical segment, Australia. The revenue of Platina Resources during the half-year period that ended on December 31st, 2022, was AUD 0.01 MILLION and incurred net losses of AUD 6.31 MILLION.

Financial Position of the Company During the Half-Year Period

·         According to the interim financial report, Platina Resources has nearly AUD 1.6 MILLION of cash and cash equivalents as of December 31st, 2022. In contrast, the Company’s cash and cash equivalents were approximately AUD 1.2 MILLION as of June 30th, 2022

·         The Company had total assets of AUD 7.08 MILLION and net assets of AUD 6.5 MILLION as of December 31st, 2022

·         The Company was debt free as of the reported date

Cash Flows and Change in Equity of Platina Resources during the Half-year Period

·         During the reported period of six months, Platinum Resources invested AUD 1.03 MILLION in mining interests, along with several more minor investments

·         As of December 31st, 2022, the Company’s ordinary shares were 623.18 MILLION compared to 434.38 MILLION as of June 30th, 2022. Equity jumped 188.79 MILLION during the first half year

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