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 57.4M shares on issue. Jindalee’s Directors are strong supporters and hold approximately 26% of the Company.
The Company’s primary objective is to create wealth for shareholders through the discovery of world class mineral deposits.
From listing in 2002 Jindalee's strategy has been to identify prospective ground, add value through low cost exploration and, where appropriate, either continue to fund, 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 has maintained Jindalee’s tight capital structure, ensuring shareholders gain maximum leverage to any exploration success.
Successful spin-outs from Jindalee have included Energy Metals (ASX:EME) which was spun-out in September 2005 and Dynamic Metals (ASX:DYM), which listed in January 2023. Jindalee shareholders were given priority entitlements to apply for shares in both Energy Metals and Dynamic Metals, and Jindalee retains significant shareholdings in both companies.
Jindalee's current focus is the McDermitt Lithium Project, located on the Oregon-Nevada border. McDermitt, which was discovered by Jindalee in 2018, is one of the largest and strategically important lithium deposits in the US with the potential to be a low cost, long life source of lithium for the electrification of the country.
INVESTMENT HIGHLIGHTS
