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An announcement from Jindalee Resources Limited ( (AU:JLL) ) is now available.
Jindalee Resources Limited has announced significant progress in its McDermitt Lithium Project, with a Pre-Feasibility Study confirming a 63-year project life and potential for cost reductions through process optimization. The company has signed a Memorandum of Understanding with LiChem Operations to explore a patented refining process that could enhance the project’s sustainability by recovering valuable by-products. Additionally, Jindalee is actively engaging with the US Government for potential funding and has been designated as a Transparency Project under the FAST-41 initiative, highlighting the strategic importance of McDermitt in securing domestic critical mineral supply chains.
More about Jindalee Resources Limited
Jindalee Resources Limited operates in the lithium industry, focusing on the exploration and development of lithium projects. The company is primarily engaged in the McDermitt Lithium Project, which is one of the largest lithium deposits in the United States, located on the Oregon-Nevada border.
Average Trading Volume: 270,400
Technical Sentiment Signal: Hold
Current Market Cap: A$49.22M
Learn more about JLL stock on TipRanks’ Stock Analysis page.