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Jindalee Resources Ltd.
Summary
| Project: | McDermitt | |
|---|---|---|
| Deposit: | McDermitt | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2019: Jindalee Resources Ltd. announces a Resource Estimation report for its McDermitt deposit at the McDermitt project. Updated Exploration Target Range for project. Jindalee Resources Limited (‘Jindalee’) is pleased to announce an updated Explorat | |
| Resources: | Exploration Target: 2200 - 4000Mt @ 1200 - 1600ppm Li (1000ppm Li cut-off) | |
| CP/QP: | [Overall Report]: Arnold van der Heyden (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | Jindalee Resources Limited (‘Jindalee’) is pleased to announce an updated Exploration Target Range (ETR) at its 100% owned McDermitt lithium project. The new ETR is based upon the results of its 2018 and 2019 drill programs, and was estimated by independent, external consultants H&S Consultants. The ETR is shown at several cut off grades in Table 1 below. The scale potential represented by this updated ETR confirms McDermitt as a major new lithium discovery and one of the largest deposits in the US. This is particularly significant given the identification by US Federal Government agencies of lithium as critical to the US future national security due to its current reliance on imported lithium ion batteries and lithium battery chemicals to support a rapidly growing electric vehicle manufacturing industry. Further work to potentially define a maiden mineral resource for the McDermitt project is underway and updates will be provided as they become available. | |
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