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Jindalee Resources Limited
Crux Investor Index
4
–
Market Cap (USD)
8637176772
Symbol
ASX:ASX
Stage of development
Project Generator
Primary COMMODITY
Gold
Additional commodities
Nickel
Lithium
Jindalee Resources Limited is an exploration and development company with expertise in lithium exploration, development and processing, financial management, and operations. The company is focused on advancing its 100% owned McDermitt lithium project located on the Oregon-Nevada border in the United States.
McDermitt is one of the largest lithium deposits in the United States with a current indicated and inferred mineral resource estimate of 3 billion tonnes at 1,340 ppm lithium for 21.5 million tonnes of lithium carbonate equivalent. The deposit is a flat-lying, sedimentary-hosted lithium deposit amenable to open-pit mining methods. The company is currently at the preliminary feasibility study stage to advance the project to production.
The company aims to capitalize on the expected strong growth in lithium demand driven by the transition to electric vehicles in the United States and globally. Located close to existing infrastructure, the McDermitt project is well-positioned to provide domestically sourced lithium to support battery production facilities being constructed in the United States. Jindalee is focused on responsibly developing the project to supply critical minerals and power the clean energy transition.
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