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Jindalee Resources Limited
(Sydney:JLL)
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Rating:44Neutral
Price Target:
AU$0.34
▼(-39.29% Downside)
Action:Reiterated
Date:06/04/26
The score is mainly held down by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), partially offset by a low-risk capital structure with no debt. Technicals remain soft (below key longer-term moving averages and negative MACD), and valuation offers limited support due to negative earnings and no indicated dividend yield.
Positive Factors
Low leverage / no debt
A zero-debt capital structure materially reduces refinancing and interest-rate risks over the medium term. For a pre-revenue developer, no debt lowers near-term solvency pressure and increases strategic optionality when negotiating JV/farm-in or equity financing, supporting project continuity.
Negative Factors
Pre-revenue and widening net losses
Being pre-revenue with increasing annual losses signals the company is still in capital-consuming development phase. Persistently widening losses erode equity and necessitate repeated external funding rounds, which can dilute existing holders and slow project timelines if capital access tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no debt
A zero-debt capital structure materially reduces refinancing and interest-rate risks over the medium term. For a pre-revenue developer, no debt lowers near-term solvency pressure and increases strategic optionality when negotiating JV/farm-in or equity financing, supporting project continuity.
Read all positive factors
Jindalee Resources Limited (JLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$37.75M
Dividend YieldN/A
Average Volume (3M)327.49K
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue GrowthN/A
EPS Growth-31.13%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding107,868,250
10 Day Avg. Volume352,082
30 Day Avg. Volume327,493
Financial Highlights & Ratios
PEG Ratio3.23
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-8.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Jindalee Resources Limited Business Overview & Revenue Model
Company Description
Established in 1994 and headquartered in West Perth, Australia, Jindalee Lithium Limited engages in the exploration and development of mineral properties throughout the United States and Australia. The company's primary objective is to identify an...
How the Company Makes Money
Jindalee Resources Limited is a pre-revenue/resource development company. Its ability to generate cash has historically depended on external financing (such as issuing equity and other capital raises) rather than operating revenue. If the company ...
Jindalee Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.17K | -3.31K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.44M | -4.48M | -4.62M | -3.26M | -1.16M | -425.57K |
| Net Income | -6.30M | -5.41M | -4.69M | -2.58M | -1.45M | -504.30K |
Balance Sheet | ||||||
| Total Assets | 30.27M | 24.51M | 20.42M | 18.39M | 18.88M | 17.81M |
| Cash, Cash Equivalents and Short-Term Investments | 6.51M | 3.98M | 298.20K | 2.24M | 8.69M | 10.38M |
| Total Debt | 0.00 | 0.00 | 0.00 | 58.99K | 0.00 | 74.79K |
| Total Liabilities | 1.10M | 3.86M | 1.66M | 570.25K | 607.78K | 201.32K |
| Stockholders Equity | 29.17M | 20.64M | 18.76M | 24.38M | 18.27M | 17.61M |
Cash Flow | ||||||
| Free Cash Flow | -4.46M | -2.92M | -6.62M | -1.26M | -4.90M | -2.71M |
| Operating Cash Flow | -4.46M | -2.91M | -2.29M | -902.01K | -588.85K | 0.00 |
| Investing Cash Flow | -979.09K | -699.84K | -3.59M | -5.48M | -2.53M | -1.75M |
| Financing Cash Flow | 9.55M | 7.29M | 3.96M | -60.92K | 1.65M | 11.68M |
Jindalee Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$18.58M | -22.50 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$17.75M | -150.00 | -10.22% | ― | ― | 95.38% | |
46 Neutral | AU$22.28M | -23.82 | -150.09% | ― | ― | 54.90% | |
45 Neutral | AU$33.48M | -1.08 | -28.53% | ― | ― | ― | |
44 Neutral | AU$37.75M | -4.44 | -25.27% | ― | ― | -31.13% | |
43 Neutral | AU$34.72M | -8.56 | -0.02% | ― | ― | 13.53% |
* Basic Materials Sector Average
AU:JLL
Jindalee Resources Limited
0.34
-0.11
-25.22%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:LEL
Lithium Energy Ltd.
0.31
-0.06
-16.22%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.11
0.05
75.00%
AU:PAT
Patriot Lithium Ltd.
0.08
0.02
37.93%
Jindalee Resources Limited Corporate Events
Jindalee Lithium Options Lapse Without Exercise
Jul 10, 2026
Jindalee Lithium Limited operates in the lithium resources sector, focusing on exploration and development of lithium assets to support battery and electric vehicle supply chains. The company is listed on the ASX under the ticker JLL, giving inves...
Jindalee Lithium Director Increases Indirect Stake via Approved Placement
Jul 3, 2026
Jindalee Lithium Limited has disclosed a change in the indirect shareholding of director Darren Wates, following the issue of placement shares and attaching options approved at the company’s 30 June 2026 general meeting. Through Beachswing P...
Jindalee Lithium issues new shares under conditional placement, affirms disclosure compliance
Jul 3, 2026
Jindalee Lithium Limited has issued 130,437 fully paid ordinary shares as part of a conditional placement previously announced to the market, expanding its quoted share capital on the Australian Securities Exchange. The company confirmed the share...
Jindalee Lithium Lists New Long-Dated Options on ASX
Jul 3, 2026
Jindalee Lithium Limited has applied for quotation on the ASX of 1,847,824 options under the code JLLOB, with an expiry date of June 30, 2029, issued on July 3, 2026. The move expands the company’s quoted securities base and may provide addi...
Jindalee Lithium Addresses ASX Query on Late Director Interest Disclosure
Jun 30, 2026
Jindalee Lithium Limited has responded to a query from ASX regarding a late Appendix 3Y notice covering changes in director Lindsay Dudfield’s notifiable interests between 1 June and 19 June 2026. The company attributed the delayed lodgement...
Jindalee Lithium Shareholders Back Placement Ratifications and Option Issuances
Jun 30, 2026
Jindalee Lithium Limited reported that all resolutions put to shareholders at its General Meeting on 30 June 2026 were passed on a poll. The meeting focused heavily on ratifying earlier share issues under an Initial Placement and approving new opt...
Jindalee Lithium Performance Rights Lapse, Clarifying Capital Structure
Jun 26, 2026
Jindalee Lithium Limited has announced the cessation of 250,000 performance rights, recorded under the ASX security code JLLAC, following the expiry of these rights without exercise or conversion on June 25, 2026. The expiry slightly reduces the c...
Jindalee Lithium director boosts indirect stake via entitlement issue
Jun 25, 2026
Jindalee Lithium Limited has reported a change in director Darren Wates’ indirect holdings following his participation in a pro-rata entitlement issue. Through Beachswing Pty Ltd and The Varenna Trust, Wates acquired 10,288 fully paid ordina...
Jindalee’s HiTech unit teams with RESOLVE on proposed Oregon-Nevada stewardship zone
Jun 21, 2026
Jindalee’s U.S. subsidiary HiTech Minerals has signed a memorandum of understanding with nonprofit RESOLVE to explore establishing a voluntary environmental Stewardship Area in the broader Oregon-Nevada McDermitt Caldera region. The initiati...
ASX Reinstates Trading in Jindalee Lithium’s JLLOB Securities
Jun 19, 2026
The Australian Securities Exchange has reinstated Jindalee Lithium Limited’s JLLOB security class to quotation following the company’s compliance with Listing Rule 2.5. The move restores trading in these securities, improving liquidity...
Jindalee Lithium Options Register Reveals Heavy Concentration Among Top Holders
Jun 19, 2026
Jindalee Lithium Ltd has disclosed the distribution of its listed options (ticker JLLOB), exercisable at $0.60 and expiring on 30 June 2029, showing a total of 5,285,400 options on issue across 149 holders. The report highlights a highly concentra...
Jindalee Lithium Seeks ASX Quotation for New Shares and Options
Jun 19, 2026
Jindalee Lithium Limited has applied to the ASX for quotation of 5,285,400 new fully paid ordinary shares under the ticker JLL, together with an equivalent number of deferred options expiring on June 30, 2029. The issuance, formalised on June 19, ...
Jindalee Raises A$2.4m in Entitlement Offer to Advance McDermitt Lithium Project
Jun 19, 2026
Jindalee Lithium Limited has completed an entitlement offer, issuing 5,285,400 new shares at A$0.46 each with one free quoted option per share, raising A$2.4 million. The offer, supported by existing shareholders and sophisticated investors, compl...
Jindalee Outlines US Listing Transaction and Funding Risks for McDermitt Lithium Project
Jun 2, 2026
Jindalee Lithium Limited has released an investor presentation outlining progress on a potential business combination involving its U.S. subsidiary HiTech Minerals, Constellation Acquisition Corp I, and a new U.S. vehicle, US Elemental. The transa...
Jindalee Moves Closer to NASDAQ Listing for U.S. Lithium Assets
Jun 2, 2026
US Elemental Inc., which will hold Jindalee Lithium Limited’s U.S. assets including the McDermitt Lithium Project, has filed a Form S-4 with the U.S. Securities and Exchange Commission as part of a planned business combination with SPAC Cons...
Jindalee Lithium Extends Closing Date for Entitlement Offer
Jun 1, 2026
Jindalee Lithium Limited has updated its Appendix 3B disclosure to reflect an extension of the closing date for its non-renounceable pro rata entitlement offer, under which new securities will be issued to existing shareholders. The extension give...
Jindalee Lithium Calls June General Meeting, Moves to Digital Meeting Materials
May 29, 2026
Jindalee Lithium Limited has called a general meeting of shareholders for 10:00 a.m. Perth time on 30 June 2026 at its West Perth offices, outlining arrangements for attendance and voting. The company is transitioning to predominantly electronic d...
Jindalee Lithium Calls 2026 General Meeting in Perth
May 29, 2026
Jindalee Lithium Limited has issued a notice of general meeting for shareholders, scheduling the gathering for 30 June 2026 at its offices in West Perth, Western Australia. The meeting will address company matters requiring shareholder approval, u...
Jindalee Lithium Plans New Options Issue to Bolster Funding Flexibility
May 8, 2026
Jindalee Lithium Limited has outlined plans for a new issue of options as part of a proposed placement, notifying the ASX of its intention to issue up to 1,847,824 options exercisable at $0.60 and expiring on 30 June 2029. The options, to be issue...
Jindalee Lithium launches pro rata share and options offer
May 8, 2026
Jindalee Lithium Limited has announced a non-renounceable pro rata issue of up to 5,393,413 ordinary fully paid shares, matched by an equal number of options exercisable at $0.60 and expiring on 30 June 2029. The offer, scheduled with an ex-date o...
Jindalee Lithium Plans Issue of $0.60 Options to Support Lithium Projects
May 8, 2026
Jindalee Lithium Limited has lodged an application with the ASX for a proposed issue of up to 18,347,804 options, exercisable at $0.60 and expiring on 30 June 2029. The options, to be issued under a placement or similar structure, are expected to ...
Jindalee Lithium Plans New Options and Share Issue to Boost Capital Base
May 8, 2026
Jindalee Lithium Limited has notified the ASX of a proposed issue of securities comprising 130,437 new options exercisable at $0.60 and expiring on 30 June 2029, along with 130,437 ordinary fully paid shares. The company plans to complete this pla...
Jindalee Lithium Plans Equity Placement of Over 18 Million Shares
May 8, 2026
Jindalee Lithium Limited has lodged a notice with the ASX for a proposed placement of up to 18,347,804 ordinary fully paid shares, with an expected issue date of 14 May 2026. The additional equity issuance is set to expand the company’s capi...
Jindalee Lithium launches entitlement offer and options package to raise A$2.5 million
May 8, 2026
Jindalee Lithium Limited has launched a non-renounceable entitlement offer, allowing eligible shareholders to subscribe for one new share for every 19 held at A$0.46 per share, aiming to raise up to A$2.5 million before costs and issuing one free ...
Jindalee Lithium Raises Up to A$11 Million to Advance McDermitt and NASDAQ Listing
May 8, 2026
Jindalee Lithium Limited has secured firm commitments for an approximately A$8.5 million private placement of about 18.5 million new shares at A$0.46 each, accompanied by attaching options exercisable at A$0.60 and expiring in June 2029. The place...
Jindalee Lithium Faces U.S. Legal Challenge to McDermitt Exploration Approval
Apr 29, 2026
Jindalee Lithium has disclosed that U.S. environmental non‑profit groups have filed a lawsuit in the federal court in Oregon challenging the Bureau of Land Management’s approval of the Exploration Plan of Operations for its McDermitt L...
Jindalee Lithium Posts Higher Exploration Spend and Cash Outflows in March Quarter
Apr 21, 2026
Jindalee Lithium Limited reported a net operating cash outflow of A$1.09 million for the March 2026 quarter, driven mainly by staff costs and administration expenses, bringing year-to-date operating outflows to A$3.56 million. The company also rec...
Jindalee advances U.S. McDermitt lithium project with magnesium upside and key permits
Apr 21, 2026
Jindalee Lithium is advancing the McDermitt Lithium Project, a large U.S. lithium deposit, following a pre-feasibility study that outlined a 63-year mine life and substantial lithium carbonate output at competitive costs. The company aims to lever...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.