Jindalee Lithium Advances McDermitt Project with Promising Pre-Feasibility Study

Jindalee Resources Limited ( (AU:JLL) ) just unveiled an update.

Jindalee Lithium Limited announced the completion of its Pre-Feasibility Study for the McDermitt Lithium Project, revealing plans to produce 1.8 million tonnes of battery-grade lithium carbonate over the first 40 years. The project promises strong financial metrics with a post-tax NPV of US$3,229M and a 17.9% IRR, highlighting a significant potential for growth and cost reduction. The study suggests a 63-year life for the project, indicating its long-term viability and strong positioning within the lithium industry, with ongoing engagement with funding partners and US Government agencies to accelerate its progress.

More about Jindalee Resources Limited

Jindalee Lithium Limited operates in the lithium mining industry, focusing on the exploration and development of lithium resources. The company’s primary product is battery-grade lithium carbonate, aimed at supporting the growing US battery supply chain. Jindalee is engaged in projects that bolster its market presence in the lithium sector, with a significant focus on its McDermitt Lithium Project.

YTD Price Performance: -6.82%

Average Trading Volume: 73,772

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$15.09M

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