Sponsored

Jindalee Resources (ASX: JRL) reports impressive metallurgical results from McDermitt project

November 15, 2023 12:08 PM AEDT | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • Attrition scrubbing of metallurgical samples from McDermitt Project returned 92% recovery with 25.3% mass rejection.
  • Lithium grade to leach reaches 2,107 ppm Li, 57% greater than the average mineral resource grade.
  • Lithium recoveries can be optimised through finer cut size.

Jindalee Resources Limited (ASX: JRL) has shared initial head assay results for metallurgical samples from its McDermitt Lithium Project. Beneficiation of the metallurgical samples through attrition scrubbing has been concluded and excellent results have been returned.

Here are the key highlights of the results returned -

Data source: Company update

The results show that there exists potential for further improvements by optimising a finer cut size as development progresses.

The company informed that leach testwork on beneficiated samples is advancing with results to feed into a pre-feasibility study (PFS). Initial results are expected early December 2023.

Shares trade higher

Triggered by the update, JRL shares traded higher by 10% to AU$1.1 at the time of writing on 15 November 2023. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.