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Jindalee (ASX:JRL) onboards seasoned lithium player towards pureplay US lithium strategy - Kalkine Media

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Highlights:

  • Seasoned lithium industry executive Mr Paul Brown is all set to join the board of Jindalee Resources (ASX:JRL).
  • Executive Director Lindsay Dudfield will be becoming the Acting CEO of Jindalee upon the completion of the spin-off of Dynamic Metals Limited.
  • Dynamic is the primary vehicle for the development of the Australian assets of Jindalee, which is now positioned to be a pure-play US lithium explorer and developer.

Jindalee Resources Limited (ASX:JRL) has announced the appointment of Mr Paul Brown, a seasoned lithium executive, as an independent non-executive director, beginning 01 December 2022.

Previously Mr Brown has been ‘Chief Executive – Lithium’ and ‘Chief Executive Commodities’ with Mineral Resources (ASX:MIN). Under his belt, he has more than 20 years of experience in the mining industry.

© 2022 Kalkine Media®, Image: © Andreyyalansky19 | Megapixl.com

Before joining Mineral Resources, Paul had been associated with Leighton, HWE and FMG in senior operating roles. This gave him both contractor and owner-miner experiences in large-scale, open-cut operations focused on iron ore, lithium, copper and other commodities.

Coming to the credentials front, Paul is a qualified mining engineer and boasts mechanical trade qualifications.

This is what Jindalee Chairman Justin Mannolini said regarding Paul’s appointment:

© 2022 Kalkine Media®, Company update dated 28 November 2022

As icing on the cake, Executive Director Lindsay Dudfield will be assuming the role of Acting Chief Executive Officer (CEO) with effect from completion of the spin-off and proposed initial public offering (IPO) of shares in Dynamic Metals Limited.

Dudfield will be working in the capacity of CEO of the company, which will look for a permanent candidate to fill the role and lead it to the next development stage of the US-based McDermitt Lithium Project.

Note that Dynamic will be the primary vehicle for the Australian resources of Jindalee.

For Lindsay Dudfield, Mannolini has this to say:

© 2022 Kalkine Media®, Company update dated 28 November 2022

McDermitt Lithium Project

Jindalee highlights that McDermitt is one of the largest lithium deposits in the US. It holds indicated plus inferred mineral resource of 1.82 Bt @ 1,370ppm lithium (1,000ppm Li cut-off) for 13.3 MT LCE.

McDermitt covers 54.6km2 and is wholly owned. In addition to obtaining highly encouraging metallurgical results, the company has recently received high-grade lithium assays.

The current focus is on upgrading the mineral resources from inferred to indicated category as well as adding new resources. Meanwhile, the company is building and strengthening team, both in the US and at Board level, while engaging with US end users and accelerating environmental studies and project permitting.

JRL shares traded at AU$2.170 on 28 November 2022.  



 


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