Jindalee's flagship project is its 100% owned McDermitt Lithium Project located on the Oregon-Nevada border. McDermitt is a Tier 1 asset containing 21.5Mt LCE and with the potential to supply lithium to the USA for decades. The Company also owns the Clayton North lithium prospect, an earlier stage lithium project located in Nevada.
Jindalee also provides shareholders with indirect exposure to a range of commodities through its investee companies, including gold, nickel, lithium, magnesite and iron ore (through Dynamic Metals Ltd, ASX:DYM) and uranium (through Energy Metals Ltd, ASX:EME).
Lithium is listed on the critical materials lists for the US Department of Defence and is one of 50 minerals in the 2022 ‘Critical Mineral Resources of the US’ report by the United States Geological Survey.
Mid 2018 Jindalee announced the acquisition of two lithium projects in the USA (McDermitt and Clayton North) where lithium is found in extensive fine grained sediments outcropping at surface. In February 2023 Jindalee confirmed McDermitt as the largest lithium deposit in the US with an Indicated and Inferred Mineral Resource of 3.00 billion tonnes at 1,340ppm Li for 21.5 million tonnes lithium carbonate equivalent (LCE).
In Australia, investee company Dynamic Metals' Widgiemooltha and Lake Percy projects have potential for pegmatite hosted lithium mineralisation, similar to that supporting the nearby Mt Marion and Bald Hill lithium mines.
Jindalee retains exposure to gold in the Eastern Goldfields of Western Australia (WA) and in the Widgiemooltha area (WA) through its indirect interest in Dynamic Metals.
Jindalee’s substantial holding in Dynamic Metals provides shareholders with exposure to Dynamic’s highly prospective nickel assets in the Widgiemooltha district, as well as nickel-copper and platinum group metals (PGMs) at Dynamic's Deep Well Project (WA). Further information on Dynamic’s activities can be found at www.dynamicmetals.com.au
Through its investment in Dynamic Metals, Jindalee provides shareholders with exposure to the Prospect Ridge Project, which covers the Arthur River and Lyons River magnesite deposits, located in north-west Tasmania. Geoscience Australia notes that these deposits contain the third largest inventory of magnesite resources in Australia.
Jindalee investee company Dynamic Metals is in joint venture with GWR Group at the Joyners Find Project. Indicated and inferred resources within the joint venture ground total 7.7Mt at 63% Fe.
Jindalee maintains indirect exposure to uranium through its investment in uranium-focused explorer, Energy Metals. Energy Metals controls nine projects (total area >4,000 sq km) located in the Ngalia Basin in the Northern Territory (NT) and in Western Australia (WA). Initial exploration has concentrated on the Bigrlyi Uranium-Vanadium deposit in NT (72.4% owned by Energy Metals), where drilling has returned relatively high grade intercepts with excellent metallurgical recoveries. At a cut-off grade of 5000ppm U3O8, the published Bigrlyi resource estimate (Indicated and Inferred) totals 21.1 Mlbs of U3O8 & 19.7 Mlbs V2O5. The Ngalia Basin area also hosts a number of other uranium deposits for which resources have been published by Energy Metals and these additional deposits have the potential to further extend the life of any future mining operation at Bigrlyi (refer www.energymetals.net).
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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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