Jindalee Secures Strategic Agreement with US Department of Energy

Jindalee Lithium Limited (Jindalee, the Company) is pleased to announce that its wholly owned US subsidiary HiTech Minerals, Inc., has executed a strategic Cooperative Research and Development Agreement (CRADA) with Ames National Laboratory², which leads the DOE’s Critical Materials Innovation (CMI) Hub ^3,4.

• Jindalee subsidiary HiTech Minerals, Inc., has been approved by the US Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy for a Cooperative Research and Development Agreement partnership.
• The partnership will be conducted with the DOE’s Ames National Laboratory, lead of the Critical Materials Innovation Hub.
• The Agreement aims to develop cutting-edge extraction methods for Jindalee's 100%- owned McDermitt Lithium Project, the largest lithium resource in the US¹
• This partnership indicates significant Federal and State support for McDermitt, emphasising the Project's strategic importance to the US.

The CRADA will focus on comprehensive research to characterise lithium and other critical minerals as well as testing, with the aim of developing innovative and commercially viable extraction methods in the McDermitt Caldera, which hosts Jindalee’s McDermitt Lithium Project, currently the largest lithium resource in the US containing 21.5Mt of Lithium Carbonate Equivalent¹. The research will be led by CMI with other key team members including the Oregon Department of Geology and Mineral Industries (DOGAMI), Oregon State University, University of Nevada Reno, Lawrence Berkeley National Laboratory and the National Energy Technology Laboratory.

The research team will test innovative metallurgical extraction methods aimed at reducing costs, optimising sustainability, minimising environmental impact and exploring the potential of co-products. Key objectives include lowering water usage, reducing acid consumption and minimising the need for tailings impoundments. The DOE will provide funding for work undertaken by CMI under the CRADA and Jindalee will contribute technical engagement, sample material and data as in-kind cost share. Work completed under the CRADA will be completed within two years, with a final report outlining key developments to be released. Internal team deliverables progress quarterly and include tasks to: thoroughly characterise clay mineralogy hosting the lithium and potentially other critical elements, test the mineralogical suite to develop novel extraction methods, develop co-product hypothetical flowsheets, and improve the proposed baseline lithium extraction process as defined within the upcoming Preliminary Feasibility Study (PFS).

The CRADA has received strong support from Senator Ron Wyden (D-OR). As a senior member and former chairman of the Senate Energy and Natural Resources Committee, Senator Wyden pushes for a national energy policy that focuses on renewable energy production, low-cost energy storage, and a tax code that promotes low carbon energy technologies, and in 2022 under the Inflation Reduction Act, the Senate passed Wyden’s Clean Energy for America Act – legislation designed to incentivise investment in clean energy, lower energy costs, and create good-paying clean energy jobs on American soil.

Senator Wyden commented “Mining for the metals that are key to a clean energy future must be done in the most sustainable way possible. I’m glad this agreement has been achieved for Oregon State University and other partners to perform a rigorous analysis of environmental impacts, costs and potential additional options.”

Jindalee’s CEO Ian Rodger commented “This CRADA represents a major step forward for Jindalee and our McDermitt Project and we thank Senator Wyden and other advocates for their support. The collaboration with the Department of Energy, leading research institutions and DOGAMI (being the Oregon State permitting agency) is an exciting endorsement of our Project’s immense potential and strategic importance to the US. By combining our respective technical expertise with the DOE's resources, we're poised to develop efficient and sustainable extraction methods that have the potential to build upon the significant work Jindalee has already completed as part of our PFS, which is due later this year.”

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