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Jindalee Resources 'very confident in conservative exploration target' for lithium in US

Jindalee Resources Ltd (ASX:JRL) managing director Pip Darvall tells Proactive Investors that the company is currently prioritising its US lithium strategy; detailing the recent results of a drilling program on the McDermitt project, and discussing the exploration target range.

"We really like this theme of lithium in the US. It's such a huge economy with massively growing demand for lithium, and already their import reliance for lithium is over 50%," says Darvall.

Quick facts: Jindalee Resources Ltd

Price: 0.22 AUD

ASX:JRL
Market: ASX
Market Cap: $8.47 m
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Jindalee Resources completes capital raising successfully

Jindalee Resources Ltd (ASX:JRL) managing director Pip Darvall confirms to Proactive Investors that 2.36 million shares from the company’s July rights issue have been allocated. The company also confirms it has received binding commitments from sophisticated investors to place the entire...

on 23/8/19

2 min read