Proactive Investors - Run By Investors For Investors

Jindalee Resources director steps up and buys more shares

This follows a recent purchase by fellow managing director Pip Darvall.
map of Nevada showing project location
The company is focused on the McDermitt Lithium Project located in the US

Jindalee Resources Ltd (ASX:JRL) executive director Lindsay Dudfield has purchased 200,000 shares in the company through on-market trades.

The purchases amounted to $57,690 in total resulting in an average purchase price of 28.8 cents per share.

This increases Dudfield’s holding in the company to 12.48 million shares.

Notably, managing director Pip Darvall recently also purchased over $15,000 worth of shares in the company.

READ: Jindalee Resources highlights project’s potential to host large lithium deposit

Jindalee is focused on the McDermitt project on the Nevada-Oregon border which has potential to become one of the US’s largest sediment-hosted lithium deposits.

An exploration target was recently estimated and the lower end of the exploration target range (ETR) is 160-780 million tonnes at 1300-1600 ppm lithium.

This includes a high-grade ETR of 20-80 million tonnes at 2100-2600 ppm within one discrete horizon, representing an ideal target for follow-up work.

View full JRL profile View Profile

Jindalee Resources Ltd Timeline

Related Articles

1549597758_MEI-canadian-portfolio-757.jpg
February 08 2019
Meteoric is looking to bolster its portfolio with gold and base metal acquisitions as exploration at its cobalt projects continues.
Supersaturated brine flows from the Long Canyon No 2 well to the cuttings pit
April 16 2019
The company has a $1.65 million commitment from a strategic investor and is rattling the tin for a further $1.35 million.
Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use