Australia

Jindalee Resources expands flagship McDermitt Project

Jindalee Resources Ltd (ASX:JRL) has received confirmation regarding the expansion of its flagship McDermitt Lithium Project in the US state of Oregon.

65 claims were granted adding to the initial 355 existing claims at McDermitt expanding the project by 18% to 34 square kilometres.

Importantly, this additional land covers the interpreted strike continuation of lithium mineralised sediments identified from mapping and drilling.

In November 2019, Jindalee delivered a maiden Inferred JORC resource estimate for McDermitt measuring 155 million tonnes grading 2,000 ppm lithium (0.43% lithium oxide) for 1.6 million tonnes of contained lithium carbonate equivalent (LCE).

Notably, the entire Inferred JORC resource sits within 100 metres of surface and is flat-lying, both positive factors for any future project economics.

Following the maiden resource, a new Exploration Target Range (ETR) was estimated which to exclude the resource now in the JORC Inferred category.

As illustrated in the map above, the new claims may support an updated ETR, which could flow through to future resource upgrades.

Metallurgy and permitting work ongoing

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