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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...

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, Jind...

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...