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 (ASX: PGM) is a gold-focused explorer with a keen interest in major precious metals in the world-class provinces of Western Australia. As per the RECENT ANNOUNCEMENT made on March 1 2023, PLATINA RESOURCES is preparing for the first round of exploration at its BRIMSTONE PROJECT IN WESTERN AUSTRALIA.
Managing Director Mr Corey Nolan authorised the announcement. He said, “A number of the NEW TARGETS have been historically drilled to shallow levels, including Old Camp and Garibaldi, which has a historical intersection of 55M @ 2.07 G/T GOLD AND 34M @ 2.80G/T GOLD. Drilling is planned to test the depth and strike potential of the system.” Managing Director Corey Nolan also added that a GEOPHYSICS REINTERPRETATION AND REVIEW OF HISTORICAL DATA helped define priority drilling targets.
The Phase 1 gold drill program will commence once CULTURAL HERITAGE and other statutory clearances are obtained. Following Phase 1 drilling, the southern targets, including Jammie Dodger, would require an additional cultural heritage survey. In a recent interview, Managing Director Corey Nolan informed that AUD 5 MILLION had been invested in the project.
The Brimstone Project
Brimstone is an ADVANCED-STAGE EXPLORATION PROJECT with immense appeal given the previously drilled broad widths and high-grade gold mineralisation. It’s located within a prolific gold-producing Kurnalpi terrane in Western Australia. It’s approximately 40km, 27km, and 2.5km from Kalgoorlie, Kanowna Belle, and Penny’s Find gold deposits, respectively, and can be accessed via quick-short tracks from sealed roads providing an opportunity for YEAR-ROUND EXPLORATION. Brimstone project is close to many large gold mills providing toll treatment options.
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