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Jindalee Resources Limited
(Sydney:JLL)
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Rating:49Neutral
Price Target:
AU$0.41
â–²(8.68% Upside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and rising cash burn), which creates ongoing funding and dilution risk. Technicals are a partial offset with a positive trend, though momentum looks stretched. Valuation remains constrained by the company’s loss-making profile and lack of dividend support.
Positive Factors
Low Leverage
The sizeable equity base and modest leverage provide some financial resilience while the company advances its mineral assets. Limited debt reduces fixed repayment pressure and preserves more flexibility to allocate future funding toward exploration, development, or strategic transactions.
Negative Factors
Pre-Revenue Business Model
Without operating revenue, Jindalee has no recurring sales base to fund exploration, corporate costs, or project development. Its financial outlook therefore remains tied to successfully advancing and monetising mineral assets before dependable operating cash inflows can emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
The sizeable equity base and modest leverage provide some financial resilience while the company advances its mineral assets. Limited debt reduces fixed repayment pressure and preserves more flexibility to allocate future funding toward exploration, development, or strategic transactions.
Read all positive factors
Jindalee Resources Limited (JLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$50.50M
Dividend YieldN/A
Average Volume (3M)132.17K
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue GrowthN/A
EPS Growth-2.81%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding126,238,470
10 Day Avg. Volume240,409
30 Day Avg. Volume132,172
Financial Highlights & Ratios
PEG Ratio1.51
Price to Book (P/B)1.00
Price to Sales (P/S)0.00
P/FCF Ratio-5.46
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
58
Neutral
Cash Flow
25
Negative
| Breakdown | Jun 2026 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -52.95K | -3.31K | 0.00 | 0.00 | 0.00 |
| EBITDA | -7.32M | -4.48M | -4.62M | -3.26M | -1.16M |
| Net Income | -7.16M | -5.41M | -4.69M | -2.58M | -1.45M |
Balance Sheet | |||||
| Total Assets | 39.63M | 24.51M | 20.42M | 18.39M | 18.88M |
| Cash, Cash Equivalents and Short-Term Investments | 13.62M | 3.98M | 298.20K | 2.24M | 8.69M |
| Total Debt | 2.21M | 0.00 | 0.00 | 58.99K | 0.00 |
| Total Liabilities | 5.55M | 3.86M | 1.66M | 570.25K | 607.78K |
| Stockholders Equity | 34.08M | 20.64M | 18.76M | 24.38M | 18.27M |
Cash Flow | |||||
| Free Cash Flow | -6.25M | -2.92M | -6.62M | -1.26M | -4.90M |
| Operating Cash Flow | -6.18M | -2.91M | -2.29M | -902.01K | -588.85K |
| Investing Cash Flow | -4.75M | -699.84K | -3.59M | -5.48M | -2.53M |
| Financing Cash Flow | 20.59M | 7.29M | 3.96M | -60.92K | 1.65M |
Jindalee Resources Limited Technical Analysis
Positive
0.38
Price Trends
0.35
Positive
0.36
Positive
0.46
Negative
Market Momentum
0.02
Negative
58.88
Neutral
62.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JLL, the sentiment is Positive. The current price of 0.38 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.35, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.88 is Neutral, neither overbought nor oversold. The STOCH value of 62.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:JLL.
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% | |
49 Neutral | AU$50.50M | -5.39 | -22.65% | ― | ― | -2.81% | |
46 Neutral | AU$15.91M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
46 Neutral | AU$19.29M | -52.00 | -1.58% | ― | ― | 84.18% | |
44 Neutral | AU$14.50M | -1.86 | -56.79% | ― | ― | 26.38% | |
42 Neutral | AU$33.04M | -3.45 | -12.51% | ― | ― | -59.40% | |
38 Underperform | AU$34.68M | -8.33 | -4.04% | ― | ― | ― |
* Basic Materials Sector Average
AU:JLL
Jindalee Resources Limited
0.40
-0.17
-30.34%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:LEL
Lithium Energy Ltd.
0.30
-0.08
-20.27%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.13
0.01
8.33%
AU:PAT
Patriot Lithium Ltd.
0.04
0.00
0.00%
Jindalee Resources Limited Corporate Events
Jindalee Lithium Sets 2026 AGM Date and Director Nomination Deadline
Sep 30, 2026
Jindalee Lithium Limited has scheduled its Annual General Meeting for 10.30am WST on Wednesday, 18 November 2026, with formal details to be circulated to shareholders and lodged with the ASX closer to the date. The company has set 7 October 2026 a...
Jindalee Lithium Details 2026 ASX Corporate Governance Compliance
Sep 29, 2026
Jindalee Lithium Limited has published its corporate governance statement for the year ended 30 June 2026 via its website, in line with ASX Listing Rules. The statement, current as of 29 September 2026 and approved by the board, sets out how the c...
Jindalee Lithium Sets Out Board‑Led Governance Framework Aligned with ASX Standards
Sep 29, 2026
Jindalee Lithium Limited has detailed its corporate governance framework, underscoring the Board’s central role in overseeing strategy, risk and compliance while delegating day‑to‑day management through formal instruments. The co...
Jindalee Mobilises McDermitt Drilling as US Spin-Out Targets Nasdaq Listing
Sep 14, 2026
Jindalee Lithium has begun mobilising for a major Phase 1 drilling program at its McDermitt Lithium Project in southeast Oregon after the US Bureau of Land Management eased fire restrictions, clearing the way for up to 100 drill sites to be tested...
Jindalee Lithium Options Lapse, Trimming Potential Share Dilution
Aug 28, 2026
Jindalee Lithium Limited has announced the cessation of 2,027,027 options with an exercise price of $0.37, which expired unexercised on August 28, 2026. The expiry of these options reduces the potential future dilution of the company’s share...
Jindalee secures permits to launch major McDermitt lithium drilling in September 2026
Aug 13, 2026
Jindalee Lithium’s U.S. subsidiary HiTech Minerals has secured the key state-level permit from Oregon regulators for exploratory drilling at the McDermitt Lithium Project, completing the major approvals needed for Phase 1 of a large drilling...
Jindalee Advances US Elemental Nasdaq Deal With Amended SEC Filing
Aug 13, 2026
Jindalee Lithium has filed an amended Form S-4 with the U.S. Securities and Exchange Commission for the proposed business combination between its U.S. subsidiary HiTech Minerals, Constellation Acquisition Corp I and US Elemental Inc., a key step i...
Jindalee Lithium Boosts Cash Reserves Through Equity Raising Amid Ongoing Exploration Spend
Jul 30, 2026
Jindalee Lithium Limited reported negative operating cash flow of A$2.6 million for the June 2026 quarter, driven primarily by staff, corporate and business combination transaction expenses, as well as continued spending on exploration and evaluat...
Jindalee Advances McDermitt Lithium-Magnesium Strategy and Nasdaq Listing Plans
Jul 30, 2026
Jindalee Lithium Limited reported further progress at its McDermitt Lithium Project, following a Pre-Feasibility Study that outlined a 63-year life and significant lithium carbonate output at competitive costs. The company is advancing a value-opt...
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...
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.