Jindalee Resources Limited ("Jindalee") is a public company with the primary objective of creating wealth for shareholders through the discovery of world-class mineral deposits. Jindalee's strategy is simple - identify and acquire prospective ground or projects and add value through initial exploration activity to bring the project to decision point. At this time Jindalee either:

• continues on a 100% ownership basis
• introduces partners to fund the higher risk and/or expensive stages of exploration, or
• funds further exploration via a dedicated company in which Jindalee retains a significant stake (and in which Jindalee shareholders have the opportunity to invest directly).

Jindalee has a track record of rewarding shareholders through priority entitlements to new listings in which the Company is involved (including Energy Metals, Alchemy Resources and Anchor Resources) and in July 2010 a fully franked special dividend of $0.55 was paid to eligible shareholders.

At 30 June 2012 Jindalee had only 34.8M shares on issue and held liquid assets (cash and shares) worth approximately $10.9M (equivalent to $0.31 per share, before provision for future tax liabilities), leaving the Company in a strong position to assess new opportunities to create further wealth for shareholders.
 

Jindalee is listed on the Australian Stock Exchange - code JRL.

• View latest announcements