Jindalee Lithium Update on Flagship McDermitt Project

19 December 2023 11:13
Feature 2

Jindalee Lithium Limited (ASX:JLL) continues to make strides in its exploration of the McDermitt Project, the largest lithium deposit by contained lithium in Mineral Resource in the Unites States, announcing it is making excellent progress toward its pre feasibility study (PFS) with acid leaching results expected imminently.

On Time & Budget PFS

Jindalee commenced the McDermitt PFS earlier in June this year, with the assistance of global EPCM company Fluor Corporation.

Additional study work is underway with US West Coast based engineering firms for supporting works including pit geotechnical, mine waste and tailings storage management, hydrology and water supply alongside grid power supply.

In addition, discussions are underway with a mine planning engineering consultancy with a contract award targeted for early in the new year.

Jindalee announced earlier this month the appointment of Ian Rodger as CEO, expected to begin his tenure mid-January next year, bringing a plethora of mining experience to the Company as it continues progressing its PFS.

The PFS will additionally leverage the baseline environmental studies and Native American heritage investigations undertaken for the Exploration Plan of Operations.

Jindalee reports that work is progressing well with several preliminary deliverables already achieved. The PFS timeline is anticipated to continue through 2024, subject to the timing of metallurgical test results, site investigations and approvals.

Permit’s in Place

In May this year, Jindalee resubmitted the EPO for the McDermitt Project to the US Bureau of Land Management (BLM).

Following the submission, the National Environmental Policy Act (NEPA) were able to comment in regards to the exploration plan of operations, with the final decision of the NEPA assessment to be incorporated within the EPO.

Jindalee has since been notified by the BLM that the NEPA process will commence early January of next year, marking a significant milestone for the Company.

Once approved, the EPO will faciliate Jindalee to significantly increase on-site activity, including infill drilling and providing additional, fresh samples for site investigations including geotechnical, hydrological, and further metallurgical testwork.

Exploration has already advanced at the McDermitt Deposit, with the Company announcing in November that an independently estimated Exploration Target Range (ETR) at the Project offered optimistic signs for further development and upside potential.

The optimistic ETR comes hot on the heels of Jindalee’s recent exploration update, reporting promising metallurgical test work and excellent results from the beneficiation of lithium samples through attrition scrubbing.

Jindalee disclosed that pit shell composites encompassing Units four, six, eight, and ten from conceptual Pit Shell six (with a nominal duration of 43 years) achieved a recovery of 92.0% of lithium to leach feed and rejected 25.3% of the mass at a cut size of 250 microns.

Jindalee has advised it will continue to engage with US Government agencies (both State and Federal) regarding opportunities to advance McDermitt, including technical cooperation between agencies and the potential US Government funding for the Project, with further updates expected in the new year.

JLL’s Australian Stock Exchange-listed share price has risen 10.429% and is currently trading at $0.90 (11.00am UTC+ 8 hours).

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