Jindalee Resources (ASX:JRL) makes key appointment to bolster US lithium presence

Highlights

• Jindalee Resources (ASX:JRL) has appointed Mr Darren Wates as an independent non-executive director to the Board.
• Mr Wates brings a wealth of experience and contacts in the lithium industry.
• JRL recently commenced drilling at its McDermitt project with the first assays expected in October.

Jindalee Resources Limited (ASX:JRL) is making serious strides to advance its strategy to emerge as a significant participant in the fast-evolving US battery minerals sector. The company recently commenced drilling at its 100%-owned McDermitt project located in the US.

In line with its objective, the company has made a key appointment to the Board. Moreover, the company proposes to further strengthen its Board as the lithium explorer and developer continues to widen its US presence.

Experienced lithium industry executive joins JRL Board

In the latest move, the company has appointed Mr Darren Wates, a highly experienced lithium industry executive, as an independent non-executive director to the Board.  

Mr Wates brings with him more than 12 years of experience with Neometals Ltd, an Australian lithium industry pioneer. He has assisted Neometals in the formative stages of its Mt Marion Joint Venture with Ganfeng and Mineral Resources Limited.

Mr Wates is the founder and principal of Corpex Legal, a specialist corporate and commercial law firm.

He is presently serving as consulting general counsel to Neometals through Corpex Legal.

Source: © Andreyyalansky19 | Megapixl.com

Besides this, Ms Patricia (Trish) Farr has retired from the Board. She served the company as executive director and company secretary since her appointment in 2008.

Going forward, Ms Patricia Farr will serve as the company secretary of JRL.

Drilling at McDermitt Lithium Project

JRL is focusing on bolstering its presence in the US with the addition of locally based personnel. This will support the company in the planning and implementation of the existing and upcoming drill campaigns at the McDermitt project.

The current campaign aims to infill and extend the recently announced Mineral Resource Estimate (MRE) of 1.82 Bt @ 1,370 ppm lithium for 13.3 Mt LCE (Lithium Carbonate Equivalent) at 1,000ppm Li cut-off.

Source: JRL Announcement 27/07/2022

Currently, a diamond rig has begun drilling at the project, and the company now anticipates an RC rig to arrive on-site in September 2022.

JRL looks to drill 28 holes in the current drilling program and expects to receive assays in the December quarter.

JRL shares were trading at AU$2.510 midday on 04 August 2022.