Jindalee Lithium Limited

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Jindalee Lithium Limited ("Jindalee") is a public company with the primary objective of creating wealth for shareholders through the discovery of world-class mineral deposits.

Since listing on ASX in July 2002 Jindalee shareholders have received priority entitlements to new listings divested from the Company including Dynamic Metals (ASX:DYM), Energy Metals (ASX:EME) and Alchemy Resources (ASX:ALY).

In 2018 Jindalee discovered the McDermitt lithium deposit in Oregon, USA and in early 2023 the Company divested its Australian assets via Dynamic Metals to become a pure play US lithium company focussed on the McDermitt project.

In February 2023 Jindalee announced an Indicated and Inferred Mineral Resource at McDermitt of 3,000Mt @ 1340ppm Li for a total of 21.5Mt LCE (at a cut-off of 1000ppm Li), making McDermitt the largest lithium deposit in the USA by contained lithium.

McDermitt has the potential to be a low-cost, long-life source of lithium vital for the electrification of North America and the Company is dedicated to developing the project for the benefit of all stakeholders.

Keywords

mineral project generation, lithium, battery minerals, gold, nickel, exploration

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