Skip to main content

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
Post a Comment

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 31st, 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 completed heritage surveys at the Widgiemooltha Project. They have also conducted heritage and flora surveys at the Lake Percy Project. Jindalee made net losses of AUD 1.7 MILLION during the half-year period that ended on December 31st 2022. In contrast, during the same period in the previous year, they made a profit of AUD 0.7 MILLION. The total loss for the period consists of the significant inorganic component is share-based payment expenses of nearly AUD 1.4 MILLION. It is incurred on account of the options granted to employees under the employee share plan and options issued to directors.

The Financial Position of the Company

Jindalee has a strong cash position to support its exploration activities. As per the half-yearly financial report, the Company has AUD 2.9 MILLION in cash and cash equivalents, and total assets amounted to AUD 18.4 MILLION as of December 31st, 2022. The Company’s net assets were approximately AUD 17.9 MILLION as of December 31st, 2022. On June 30th, 2022, the net assets recorded were approximately AUD 18.3 MILLION.

Resource Link



Labels:

Comments

Post a Comment

Popular posts from this blog

Altech Chemicals Expands Research Laboratory for Pouch Cell Batteries

ALTECH CHEMICALS LIMITED (ASX: ATC)  (Altech or “Company”) has announced that it will be expanding its research and development (R&D) laboratory in Perth, Western Australia. The expansion of the R&D laboratories will enable the production of pouch cell-sized batteries, being the next stage of R&D on the  Silumina Anodes™  product. Importance of Pouch Cell in Silumina Anodes™ Project — Altech Chemicals ALTECH ’s Silumina Anodes™ product involves the coating of silicon and graphite material with a nanometre layer of high-purity alumina for inclusion in the anode of lithium-ion batteries. As a result, the lithium-ion battery has a 30% higher energy capacity, as well as increased cyclability, compared to conventional graphite-only anodes. Performance testing of the battery has been conducted using an industry-standard coin cell rechargeable lithium-ion battery. While coin cell batteries are useful for comparison at the early stages of development, they have limitations. As a re
Post a Comment
Read more

Altech Chemicals Executes Partnership with Fraunhofer IKTS for Silumina Anodes™ Qualification

ALTECH CHEMICALS LIMITED (ASX: ATC)  (Altech or the Company) has  ANNOUNCED  that it has signed a partnership with German-based Fraunhofer Institute for Ceramic Technologies and System IKTS (Fraunhofer IKTS). Under the partnership, Fraunhofer IKTS will expedite the testing and quantification processes for Altech’s Silumina Anodes™. Silumina Anodes™  is  ALTECH’S  silicon graphite composite product. The Silumina AnodesTM product has demonstrated a much higher energy capacity than conventional graphite anodes available on the market. The product has also demonstrated longer battery life stability, cycle ability and battery life. The Silumina Anodes™ product is now in the process of commercial development. Fraunhofer IKTS’ Expertise — Altech Chemicals With over 30 years of expertise, Fraunhofer IKTS is Europe’s largest R&D institute dedicated to the study of ceramics. Fraunhofer IKTS develops high-performance materials, prototype components and systems, and industrial manufactur
Post a Comment
Read more

SLAM Exploration’s Mineral Claim Sale to Puma Exploration

  SLAM Exploration , a junior resource company listed under symbol SXL on the TSXV exchange and based in New Brunswick, Canada, has signed a sale agreement on their Ferguson Brook mineral claim. The Ferguson Brook claim is one among almost 100 mineral claims in  SLAM Exploration’s  dossier. The sale announcement was made on 10th March 2021 and highlighted all details that all investors wish to know. Puma Exploration, another well-known junior resource Canadian company, has acquired a claim over the property. FERGUSON BROOK CLAIM DETAILS The Ferguson Brook claim consists of 42 claim units. The property covers 912 hectares of prospective land that has been sold to Puma Exploration. The property is adjacent to Puma Exploration’s William Brook gold project, allowing them the opportunity to expand their gold program. AGREEMENT DETAILS The agreement defines the Ferguson Brook Claim as two different properties. The first property referred to as “Property A” in the agreement comprises 35 claim
Post a Comment
Read more