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Showing posts from April, 2023

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: Potentially

Jindalee Resources Limited releases half-yearly financial report for the period ended on December 31st, 2022: Important facts and figures

JINDALEE RESOURCES LIMITED (ASX: JRL), (Jindalee, the Company), a mineral exploration company based in Western Australia, releases its HALF-YEARLY FINANCIAL REPORT for the period ended on December 31 st , 2022. The Company is aligned with its goals and working on its potential projects. Also, after the reporting period, Jindalee spun off the Australian lithium, nickel, and gold assets to focus on its core assets in the United States. Operations During the Period Jindalee Resources focused on the McDermitt Lithium Project in the United States during the half-year period. Drilling was executed to expand the existing resource base along with metallurgical test work, cultural surveys, and environmental baseline studies to reduce the risks associated with the project. The Company acquired an 80% stake in the Deep Well Nickel-Copper-PGE Project (Western Australia) and divested several non-core projects there. As part of its proposed exploration for early 2023, Jindalee Resources comp

Jindalee Resources Prefers Acid Leaching Testwork for Lithium Extraction

JINDALEE RESOURCES LIMITED (ASX: JRL) (Jindalee or the Company) announces the preferred lithium extraction process for its 100% owned McDermitt Project. Fluor Corporation (NYSE: FLR), an American multinational engineering and construction firm, completed the review of Jindalee’s metallurgical testwork undertaken at the McDermitt Lithium Project. A range of lithium extraction methods was analysed in the review. Based on the review, acid leaching with beneficiation was the most economically viable option for the Project. However, to refine the preferred flowsheet, it is recommended that metallurgical testwork begins immediately. This will support further studies on the Project, incorporating the recently updated Mineral Resource Estimate (MRE). About McDermitt Project The McDermitt Lithium Project, located in SE Oregon, is 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee . It is one of the largest lithium deposits in the United States. Potential Pa

Platina Resources Limited signed a Joint Venture agreement with Chalice Mining for the Mt Narryer Gold Project

PLATINA RESOURCES LIMITED (ASX: PGM) (Platina or the Company) is a mineral resource exploration company based in Western Australia. The Company has inked a JOINT VENTURE AGREEMENT WITH CHALICE MINING LIMITED , a mineral exploration and development company, to operate the Mt Narryer Gold Project. Terms of the Joint Venture Stage 1 earn-in : Initially, Chalice Mining will earn a 51% INTEREST in the project by investing AUD 600,000 within two years, which must include at least AUD 150,000 in the first year Stage 2 earn-in : Chalice Mining can acquire an additional 24% INTEREST in the project by investing an extra AUD 1.8 MILLION within the next two years Platina free cost carry : Once Chalice Mining has obtained a 75% INTEREST in the Project, Platina Resources Limited will continue to be free cost carried until the Pre-Feasibility Study is completed Contribute & Dilute : After the Pre-Feasibility Study is completed, the funding for the project will switch to a standard

Carbonxt Group Limited makes a USD 500,000 Prepayment to Gain Development Momentum at Its Activated Carbon Plant in Kentucky

CARBONXT GROUP LTD (ASX: CG1) (Carbonxt, or the Company) has announced a prepayment of USD 500,000 to accelerate the construction of its ultra-modern activated carbon production facility in Kentucky, USA. The funding will be available to the Company’s joint-venture (JV) partner, Kentucky Carbon Processing LLC (KCP). Funds will be utilised to facilitate the purchase of long-lead items. It will ensure the timely procurement for the first phase of the Kentucky Plant’s construction and operations commencement. The prepayment provision demonstrates the commitment of all parties involved in the Project to expedite the Plant construction. The legal documentation for the joint-venture (JV) framework is progressing well, with final terms expected soon before the commencement of construction. The water treatment and air purification sector highly depends on Activated Carbon (AC). Carbonxt’s new production facility capacity to produce Activated Carbon (AC) pellets and powder will consolid