Jindalee Lithium

Quarterly Activities Report - September 2024

Jindalee Lithium Limited (Jindalee, the Company) is pleased to present its Quarterly Report.
  • Jindalee raises $6.1M via Placement, Convertible Notes and Entitlement Issue
  • Funding enables completion of optimised McDermitt PFS and advances permitting and engagement with US Government agencies, local community and strategic partners
  • US Department of Energy to fund Cooperative Research and Development Agreement focussed on reducing costs at McDermitt and minimising environmental impact
  • McDermitt PFS progressing well and on schedule for delivery Q4 2024

US LITHIUM

McDermitt Lithium Project (Jindalee 100%)

In February 2023, Jindalee Lithium Limited (Jindalee or the Company) announced an updated Mineral Resource Estimate (MRE) at Jindalee’s 100% owned McDermitt Lithium Project (McDermitt or the Project) (Table 1)1.

The 2023 MRE for McDermitt contains a combined Indicated and Inferred Mineral Resource Inventory of 3.0 Billion tonnes at 1,340 ppm lithium (Li) for a total of 21.5 Million tonnes lithium carbonate equivalent (LCE) at 1,000 ppm cut-off grade. At 21.5 Mt LCE, McDermitt is the largest lithium deposit in the United States (US) by contained lithium in Mineral Resource, and a globally significant resource, with the deposit remaining open to the west and south.

Table 1 – Summary of 2023 McDermitt MRE1 at the reporting cut-off of 1,000 ppm. Note: totals may vary due to rounding

Metallurgical Test Work

The McDermitt flowsheet contemplates beneficiation of mined ore (to upgrade the leach head grade and remove acid consuming gangue minerals) followed by acid leaching and subsequent purification steps to produce battery grade lithium carbonate. The test work has been undertaken at Hazen Research Inc, laboratories in Colorado, US and managed by global engineering, procurement, construction and maintenance company Fluor Corporation (Fluor).


Click here for the Quarterly Cashflow Report - September 2024

Click here for the full ASX Release

This article includes content from Jindalee Lithium Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

JLL:AU
The Conversation (0)
US Elemental Files S-4 Registration Statement

US Elemental Files S-4 Registration Statement

Jindalee Lithium (JLL:AU) has announced US Elemental Files S-4 Registration StatementDownload the PDF here. Keep Reading...
Despatch of Entitlement Offer Documentation

Despatch of Entitlement Offer Documentation

Jindalee Lithium (JLL:AU) has announced Despatch of Entitlement Offer DocumentationDownload the PDF here. Keep Reading...
Strongly Supported Placement & Rights Raising up to A$11M

Strongly Supported Placement & Rights Raising up to A$11M

Jindalee Lithium (JLL:AU) has announced Strongly Supported Placement & Rights Raising up to A$11MDownload the PDF here. Keep Reading...
Entitlement Offer and Options Prospectus

Entitlement Offer and Options Prospectus

Jindalee Lithium (JLL:AU) has announced Entitlement Offer and Options ProspectusDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Jindalee Lithium (JLL:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Silver batteries surround a rising green graph on a lithium-themed backdrop with the text: Lithium, Li.

Benchmark: New Lithium Mine Needed Every Two Months to Meet 2050 Demand

The lithium industry will need to bring the equivalent of a new mine into production roughly every two months for the next 24 years to keep up with demand, according to new data from Benchmark Mineral Intelligence.Benchmark forecasts global lithium demand will reach about 7 million metric tons... Keep Reading...
Blue battery with Australian flag design on a wooden surface.

5 Best-performing ASX Lithium Stocks in 2026

After a sharp rally in the first half of the year, lithium prices retreated during the third quarter, surrendering a significant portion of the gains generated in May when carbonate values reached a multi-year high. Data from Benchmark Mineral Intelligence shows FOB Australia spodumene... Keep Reading...
Green bar graph of rising stocks line and battery symbol with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lithium Africa Rises Over 50 Percent on Assay Results

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Friday (October 16), Cabin Radio reported that the Northwest Territories is pushing for a North... Keep Reading...
Glowing battery symbol with lightning bolt on purple circuit board.

Lithium Market Trends: Q3 2026 Review and Forecast

Lithium prices lost ground in Q3, giving back much of the momentum built during a sharp first-half rally.The decline came despite demand indicators that market watchers continue to describe as strong, with electric vehicles (EVs) and grid-scale energy storage both pulling on supply. Price action... Keep Reading...
An electric vehicle beside a charging station.

EU Hybrid EV Cap Sinks Chinese Lithium to 10 Month Low

The EU announced it will cap imports of Chinese hybrid electric vehicles at 350,000 units annually starting this December, sending Chinese lithium futures plunging to a 10 month low.European Trade Commissioner Maros Sefcovic brokered the quota system during recent negotiations held in Beijing.... Keep Reading...
A locked gate.

Sigma Lithium Temporarily Halts Operations in Brazil

Sigma Lithium (TSXV:SGML,NASDAQ:SGML) announced a temporary suspension of all mining and industrial production at its operations in Brazil, citing an "atypical 15-day delay" by the Federal Court of Appeals in reviewing the company’s emergency legal defense against an environmental injunction.The... Keep Reading...

Interactive Chart

Latest Press Releases

Related News