Jindalee Lithium

Quarterly Activities Report - December 2023

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 (USA) (Figure 1)1.


  • Jindalee management team strengthened with appointment of Ian Rodger as CEO and Wayne Zekulich as Non-Executive Chair
  • Shareholders approved the Company being renamed Jindalee Lithium (ASX: JLL)
  • Exploration Target (announced November 2023) highlighted further upside at McDermitt
  • Exceptional metallurgical testwork results to feed into McDermitt PFS

McDermitt Lithium Project (Jindalee 100%)

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 (Table 1), with the deposit remaining open to the west and south (Figure 1).

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

Exploration Target

On 21 November 2023 Jindalee announced an independently estimated Exploration Target Range (ETR) at McDermitt of 300 – 700 Million tonnes at 1,100 – 1,400 ppm Li (at 1,000ppm Li cut-off) (Table 2, Figure 1)2.

The Exploration Target surrounds and abuts the 2023 MRE and is extrapolated from 62 holes drilled at McDermitt from 2018 to 2022. Material for the MRE extends to a maximum distance of 1,200m from the nearest hole, with the ETR extending to a maximum of 1,500m from the nearest hole (Figure 1).

Cautionary Statement

The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource for all target areas reported. It is uncertain if further exploration will result in the estimation of a Mineral Resource.

Table 2 – Summary of Exploration Target Range at cut-off of 1000ppm. LCE calculated using the midpoint of the range.

Furthermore, sampling of weathered sediments exposed in drainages west and south of the Mineral Resource and Exploration Target areas has returned strongly anomalous lithium values, indicating excellent potential to locate additional lithium mineralisation in these areas over and above the Exploration Target (Figure 1).


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
Jindalee Lithium

Jindalee Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Jindalee Lithium

Jindalee Lithium

Game-changing, economically significant lithium resource for North American battery supply chain

Game-changing, economically significant lithium resource for North American battery supply chain Keep Reading...
Quarterly Cashflow Report - March 2026

Quarterly Cashflow Report - March 2026

Jindalee Lithium (JLL:AU) has announced Quarterly Cashflow Report - March 2026Download the PDF here. Keep Reading...
Quarterly Activities Report - March 2026

Quarterly Activities Report - March 2026

Jindalee Lithium (JLL:AU) has announced Quarterly Activities Report - March 2026Download the PDF here. Keep Reading...
Jindalee Signs BCA to List McDermitt on NASDAQ

Jindalee Signs BCA to List McDermitt on NASDAQ

Jindalee Lithium (JLL:AU) has announced Jindalee Signs BCA to List McDermitt on NASDAQDownload the PDF here. Keep Reading...
Quarterly Cashflow Report - December 2025

Quarterly Cashflow Report - December 2025

Jindalee Lithium (JLL:AU) has announced Quarterly Cashflow Report - December 2025Download the PDF here. Keep Reading...
Quarterly Activities Report - December 2025

Quarterly Activities Report - December 2025

Jindalee Lithium (JLL:AU) has announced Quarterly Activities Report - December 2025Download the PDF here. Keep Reading...
A handshake.

POSCO Finalizes US$765 Million Deal for Stake in MinRes' Lithium Mines

South Korean steel and battery materials conglomerate POSCO Holdings (NYSE:PKX,KRX:005490) has finalized a US$765 million agreement with Perth-based Mineral Resources (ASX:MIN,OTCPL:MALRF) to acquire a 30 percent stake in two of Australia’s premier hard-rock lithium mines.Under the finalized... Keep Reading...
Glowing green digital battery with text overlay reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Arctic Fox Lithium Jumps 66 Percent

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.Statistics Canada released March consumer price index data on Monday (April 20). The data shows a... Keep Reading...
Colorful lithium spodumene mineral rocks glowing fluorescent pink and purple, with text reading: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Solis Minerals Charges on Brazil Lithium Acquisition

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.This week’s list highlights companies across a range of commodities, including lithium, phosphate and gold. The top gainer made a... Keep Reading...
Michael Phelan.

Bridging AI, Energy Storage and Aging Infrastructure

As global energy grids struggle to keep pace with rising demand from data centers and renewable integration, energy optimization firm GridBeyond is positioning software and artificial intelligence (AI) as a key part of the solution.The company develops platforms designed to orchestrate... Keep Reading...
Text saying "lithium" overlaid on stock chart with a globe in the background.

9 Best-performing Global Lithium Stocks of 2026

Lithium prices have staged a dramatic comeback following a prolonged price slump between early 2023 and late 2025, providing support for global lithium stocks in 2026. Spot battery-grade lithium carbonate surged roughly 95 percent between early December and late January, climbing from about... Keep Reading...
Gerardo Del Real.

Lithium Enters “Cycle 3.0” as Demand Drivers Shift

After a prolonged downturn, the lithium market is showing renewed signs of life, with some sector analysts now calling for the start of a new up-cycle.Speaking on The Investing News Podcast, Gerardo Del Real, co-founder of Digest Publishing and editor of Daily Profit Cycle, characterized the... Keep Reading...
Jindalee Lithium

Jindalee Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News