Jindalee Resources Ltd (ASX:JRL)’s Lindsay Dudfield speaks with Proactive’s Elisha Newell about the company’s increased indicated resource at the McDermitt Lithium Project in the US. The company has increased the resource by 170% to 616 million tonnes at 1,460 parts per million (ppm) lithium for 4.8 million tonnes of lithium carbonate equivalent. It has also increased 2% in grade. The overall indicated and inferred resource at McDermitt now stands at 1.82 billion tonnes at 1,370 ppm lithium for 13.3 million tonnes lithium carbonate equivalent at a 1,000 ppm cut-off grade. Jindalee drilled a total of six reverse circulation and six diamond holes were drilled in the program, intercepting broad widths of lithium mineralisation in every hole. Looking forward the JRL CEO explains that an additional 28 drill holes have been fully permitted in 2022 with the aim to infill and upgrade the resource and to define the full extent of the lithium mineralisation at the McDermitt Project. The company is well funded to advance the project, with drilling expected to commence in the current quarter. Finally, the executive director speaks about the company's OTCQX listing and what this means for it in the US.
Jindalee Resources increases indicated resource at McDermitt Lithium Project
