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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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VRX Silica Limited Is All Set For The Arrowsmith North Silica Sand Project: Signed Power LOI With ResourcesWA

 VRX SILICA LIMITED (ASX: VRX) (VRX or Company) has signed a LETTER OF INTENT (LOI) with ResourcesWA, a company SPECIALISING IN ENERGY AND MINING CONSULTING. The LOI aims to explore a potential power supply solution for their Arrowsmith North Silica Sand Project by directly utilising gas from a nearby wellhead.

The OBJECTIVE of the LOI is to assess the feasibility of setting up a powerhouse equipped with containerised gas reciprocating engines at a nearby gas wellhead location. The powerhouse would be connected to the existing gas plant through a direct offtake and reticulation to the Arrowsmith North site through a dedicated transmission line.

ResourcesWA has a team with ample resources and expertise in project development, delivery, and asset management. The LOI provides a detailed proposal description and reflects the parties’ intentions for SIX MONTHS. The proposal incorporates all design, construction, and operational requirements to provide a complete turn-key Build, Own, and Operate solution. The document is non-binding and adheres to customary terms for its nature.

About Arrowsmith North Silica Sand Project

VRX Silica regards the Arrowsmith North Silica Sand Project as its most advanced project. Production of the project is scheduled to begin in 2023. This project is about 270 KM north of Perth in Western Australia, adjacent to the Brand Highway and the Geraldton-Eneabba railway. It has a total mineral resource of 771 MILLION TONNES at 98.0% SIO2 and a total ore reserves of 223 MILLION TONNES at 99.7% SIO2. VRX Silica Limited needs a modest capital expenditure (CapEx) of AUD 40 MILLION to construct the 2 MILLION TONNES PER ANNUM operation. The Company anticipates the project will generate AUD 2.7 BILLION in revenue during the initial 25-year mine life.

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