Jindalee Resources Limited (ASX:JRL) is a resources firm based in Australia, having the primary goal of creating wealth for stakeholders via the discovery of top-notch mineral deposits. Jindalee’s strategy is to discover and acquire projects that hold the potential to transform the Company.
The Company holds a robust track record of rewarding its stakeholders through priority entitlements to several successful IPOs and payment of a special dividend. The Company’s dedicated strategy helps it retain a tight capital structure while ensuring shareholders gain the maximum leverage to any exploration success.
Jindalee holds a diverse and strong portfolio of projects in the US and Australia, which are prospective for lithium, nickel, iron ore, gold, and magnesite. Among these projects, many are being investigated by third parties at zero cost to Jindalee. Besides, the Company also holds an indirect exposure to some other commodities via its investee firms, including uranium (through Energy Metals) and copper and gold (through Alchemy Resources Limited).
In the US market, the Company wholly owns two lithium sediment projects, McDermitt & Clayton North. These projects are located in Oregon and Nevada, respectively. Both these projects are fully owned by the Company’s subsidiary, HiTech Minerals Inc., and were acquired by Jindalee in 2018.
McDermitt is the Company’s flagship project, which was pegged by Jindalee following extensive research across the western US. The combined Indicated and Inferred Mineral Resource inventory, along with the substantial Exploration Target Range encircling the Resource, has confirmed that McDermitt is among the largest lithium deposits in the US market.
Jindalee strongly believes that the advancement of McDermitt resource can make America self-sufficient in lithium mineral. At present, the US imports most of the lithium from overseas countries for lithium-ion battery manufacturing.
In addition to these projects, Jindalee holds several other projects in Australia, comprising North Gruyere Project, Widgiemooltha Project, Aries Diamond Project, Prospect Ridge Project and Joyners Project.