Jindalee Resources (ASX: JRL) to be rebranded as Jindalee Lithium Limited (ASX: JLL)

November 30, 2023 01:14 PM AEDT | By Manisha

Jindalee Resources (ASX: JRL) to be rebranded as Jindalee Lithium Limited (ASX: JLL) — Image source: Company update

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Highlights

Jindalee Resources Limited has secured shareholder approval for its name change to Jindalee Lithium Limited.

The new name highlights the company’s focus on lithium exploration and development.

The company is expected to start trading under the ASX code JLL early December.

The McDermitt pre-feasibility study is expected to be finalised by mid-2024

Jindalee Resources Limited (ASX:JRL) is set to be renamed as Jindalee Lithium Limited, bringing into prominence the nature of its current activities. The new name highlights the company’s focus on lithium exploration and development.

Jindalee is currently focused on developing its 100% owned McDermitt Lithium Project, the largest lithium deposit in the USA.

The name change approval was secured from eligible shareholders at the recent annual general meeting. As per the set protocol, the company has got the name change registered with the Australian Securities and Investments Commission (ASIC).

The company shares are expected to start trading under the ticker JLL on the ASX on or around 1 December 2023.

Building future path

The company is determined to build and embolden its management team in the United States as well as Australia. It is looking forward to augment engagement with the government agencies of the United States and end users.

Jindalee is currently undertaking metallurgical, geological, engineering, and environmental baseline studies. It aims to conclude the ongoing pre-feasibility study by mid-2024.

JRL shares traded at AU$1.01 on 30 November 2023.

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