Jindalee listed on the Australian Securities Exchange (ASX) on 11 July 2002 after raising $2.7M. Jindalee has undertaken very few capital raisings since listing and as a result the Company currently has only 53.4M shares on issue. Jindalee’s Directors are strong supporters and hold approximately 30% of the Company.
The Company’s primary objective is to create wealth for shareholders through the discovery of world class mineral deposits.
At Jindalee our strategy is to identify prospective ground, add value through low cost exploration and, where appropriate, either continue to fund ourselves, introduce partners to assist in funding further progress, or fund this activity via a dedicated company in which Jindalee retains a significant interest.
This strategy minimizes our cash burn rate and delays the need to raise new equity, thus maintaining Jindalee’s tight capital structure and ensuring shareholders gain maximum leverage to any exploration success. This strategy also releases funds for the evaluation of other exploration opportunities and/or advanced projects with the potential to provide early cash flow.
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Jindalee Resources Limited
Level 2, 9 Havelock Street, West Perth WA 6005
PO Box 1033, West Perth WA 6872
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