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...
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...