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Jindalee Resources Ltd

Jindalee Resources execs on the ground as it gets ready to drill at McDermitt Lithium Project in the US

Jindalee Resources Ltd (ASX:JDL) Managing Director Pip Darvall tells Proactive Investors the company's drilling program at the McDermitt Lithium Project in the southwestern part of the United States is all set to begin in July.

Darvall talks through the planned drill program, and says the company is looking to see if the deposit can be expanded laterally, and further at depth. Darvall says the company, which has a partnership with Michigan Technological University, has a large ground position of 30 square kilometers at the property, with an exploration target of up to 780 million tonnes of mineralized lithium sediments.

Quick facts: Jindalee Resources Ltd

Price: $0.25

Market: ASX
Market Cap: $9.62 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