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Jindalee Resources Limited ( (AU:JLL) ) just unveiled an update.
Jindalee Lithium Limited has reported strong assay results from a 2025 large-diameter core drilling program at its McDermitt Lithium Project in the US, with all five holes delivering significant near-surface lithium and magnesium intercepts. Three of the new core holes successfully twinned earlier reverse circulation holes, showing good correlation and providing confidence in previous drilling data, while the high-quality core will be used for metallurgical testwork to optimise lithium recoveries and assess the potential for magnesium by-products, a combination that could materially enhance project economics and inform future drilling strategies.
The most recent analyst rating on (AU:JLL) stock is a Hold with a A$0.88 price target. To see the full list of analyst forecasts on Jindalee Resources Limited stock, see the AU:JLL Stock Forecast page.
More about Jindalee Resources Limited
Jindalee Lithium Limited is an Australian-listed exploration and development company focused on lithium, with its flagship asset being the 100%-owned McDermitt Lithium Project in the United States, regarded as one of the largest and strategically significant lithium deposits in the country. The company is working to advance this project through drilling, resource definition and metallurgical optimisation aimed at supplying the growing global battery and electric vehicle markets.
Average Trading Volume: 259,745
Technical Sentiment Signal: Buy
Current Market Cap: A$71.7M
For an in-depth examination of JLL stock, go to TipRanks’ Overview page.