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The latest update is out from Jindalee Resources Limited ( (AU:JLL) ).
Jindalee Lithium Limited has initiated a large diameter core drilling program at its McDermitt Lithium Project in the U.S., marking the first such activity since the February 2023 Mineral Resource Estimate. This program aims to optimize lithium recoveries and explore the potential for magnesium by-products, with assay results anticipated in early Q1 2026. The drilling is expected to provide crucial geological and hydrological data, enhancing the project’s economic prospects and reinforcing Jindalee’s strategic position in the lithium market.
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 (PFS) confirming McDermitt’s scale, long-life, and low-cost production potential, with strong engagement from U.S. government agencies, including the Department of Energy and Department of Defense.
Average Trading Volume: 274,515
Technical Sentiment Signal: Hold
Current Market Cap: A$51.17M
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