Jindalee Resources

Financials:

Primary ticker: ASX:JRL, OTFQX:JNDAF
Stage of development:  Development
Primary minerals: Lithium
Project to promote: McDermitt Lithium Project
Project location: USA
Website: www.jindalee.net

Jindalee is a pure-play US Lithium company focused on developing it’s 100% owned McDermitt Project, currently the largest lithium deposit in North America.
 

Cash: USD$5.3M
Debt: NIL

Major shareholders:

Lindsay Dudfield – 25.7%
Kale Capital – 7.1%
Perennial Value – 6.0%
Elmix Pty Ltd – 3.7%
Kevrex Pty Ltd – 3.5%
Management Ownership – 30%




Management Profile

Lindsay Dudfield – Executive Director and CEO
Lindsay is the founder of Jindalee, and the Company’s largest shareholder. Lindsay is a geologist and has been responsible for advancing the McDermitt Project since it’s discovery by Jindalee in 2018.

What is your rationale for taking part 121 Mining Investment?

Looking to meet potential new shareholders, particularly North American high net worth investors.

What recent news would you like to highlight to investors attending?

February 2023 – Resource update confirms McDermitt is largest Lithium deposit in North America

What are your key goals for the next 3 and 6 months?

3 Months:

– commence updated Scoping Study for McDermitt
 

6 Months:

– complete updated Scoping Study
– commence further drilling at McDermitt

12 Months:

– potential dual listing on major North American exchange (TSX, NYSE etc)

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Project permitting – extensive environmental and cultural studies completed at McDermitt in 2022 with no red flags identified

What do you think makes your company such a compelling investment?

McDermitt is a giant and strategically important lithium deposit with the potential to supply lithium to the US for many decades

What are the top 3 key investor takeaways?

  • McDermitt is a giant lithium deposit of strategic importance to the electrification of the US.
  • McDermitt’s scale and geometry make it a long life, low cost source of lithium.
  • Jindalee (owns 100% of McDermitt) is compelling value at current levels.