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Jindalee Resources Limited ( (AU:JLL) ) just unveiled an announcement.
Jindalee Lithium Limited has received approval from the US Bureau of Land Management for its Exploration Plan of Operations at the McDermitt Lithium Project, a significant lithium deposit in the US. This approval allows Jindalee to increase on-site activities, including infill drilling and further studies, which will contribute to the McDermitt Feasibility Study. The project is strategically important for the US as a source of lithium and potentially magnesium, and the approval marks a major milestone following extensive environmental and community consultations.
More about Jindalee Resources Limited
Jindalee Lithium is an Australian company focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the U.S. With 100% ownership and unencumbered offtake rights, Jindalee is strategically positioned to support America’s energy security and domestic supply of critical minerals. The Company recently completed a Pre-Feasibility Study confirming McDermitt’s scale, long-life, and low-cost production potential, with strong engagement from U.S. government agencies, including the Department of Energy.
Average Trading Volume: 263,976
Technical Sentiment Signal: Hold
Current Market Cap: A$51.09M
For detailed information about JLL stock, go to TipRanks’ Stock Analysis page.