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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: Potentially
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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:

  • Potentially scalable mineralisation style
  • Manageable to low-cost mining and processing
  • Mining-friendly jurisdiction
  • Opportunity to develop the projects to create significant value for the Company
McDermitt Lithium:

The MCDERMITT LITHIUM PROJECT is a flagship Tier 1 asset located in Malheur County, SE Oregon, United States, that was acquired after an extensive search. It is currently the second-largest lithium deposit in the country. In September 2018, JINDALEE completed an initial four-hole drilling program. From September 2018 to December 2021, Jindalee completed 41 holes (22 RC and 19 Diamond) at McDermitt. The program successfully infilled and upgraded the Mineral Resource and outlined resource extensions.

In July 2022, JINDALEE announced an updated Indicated and Inferred Mineral Resource for the Project. Resources are continuously growing with every drilling program.

JINDALEE RESOURCES LIMITED plans to continue to advance and de-risk the McDermitt Project through 2023 via:

  • Ongoing metallurgical studies to optimise the flowsheet
  • Updating the 2021 preliminary scoping study to include new MRE and the latest metallurgical results
  • Building on environmental and cultural studies completed in 2022
  • Advancing the Plan of Operations (PoO) lodged January 2023
  • Increasing engagement with US investors, local community and potential partners

jindalee resources limited


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