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Jindalee Lithium Limited (ASX:JLL)

ALERT: Price-sensitive ASX Announcement for JLL
Current share price for JLL : $0.345 -0.155 (-31%)+
Announcement
Release
5 Nov 2025 8:27AM
Price at Release
$0.500
Full Release
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Summary
Jindalee Lithium Limited has initiated a large diameter core drilling program at the McDermitt Lithium Project, one of the largest lithium deposits in the United States. This program, the first since the current mineral resource estimate in February 2023, aims to gather samples for metallurgical testwork focused on optimizing lithium recoveries and exploring magnesium by-products. The company expects assay results in early Q1 2026. Jindalee, an Australian company, holds 100% ownership of the project, which is crucial for U.S. energy security and the domestic supply of critical minerals. The project's Pre-Feasibility Study highlights its scale, longevity, and cost-effective production potential.
Key Points
  • A large diameter core drilling program has commenced at McDermitt Lithium Project.
  • Drilling will provide samples for metallurgical testwork to optimize lithium recoveries.
  • The project aims to explore the potential of valuable magnesium by-products.
  • Assay results, including lithium and magnesium, are expected early Q1 2026.
  • Jindalee Lithium Limited is focused on developing the McDermitt Lithium Project in the U.S.
  • Jindalee has completed a Pre-Feasibility Study confirming the project's scale and potential.
  • The project supports America's energy security and domestic supply of critical minerals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.