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 in Australia.

Through disciplined execution of Jindalee’s exploration and corporate strategy since the Company was founded in 2002 net tangible assets (cash and shares) have accumulated to an approximate value of $50M at 31 December 2009 (equivalent to $1.48 per share fully diluted).

Jindalee's closing price at 31 December 2009 ($1.10) represents a subtantial discount to the value of those assets before ascribing any value to Jindalee's high quality exploration projects, thus providing shareholders with "free" exposure to the Company's considerable exploration upside.

Jindalee has no debt and with exploration on core projects being funded by partners, low overheads, a "lean and mean" approach and a tight capital structure the Company is well placed to ride out the current downturn and take advantage of opportunities that may arise. 

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

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