https://www.miningweekly.com

Jindalee shakes the tin

16th October 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Jindalee Resources will raise A$5.5-million to advance its McDermitt lithium project, in Oregon.

The company on Monday told shareholders that it would issue up to 3.93-million shares at a price of A$1.40 each to raise the funds, with the capital raising to include a priority offer of up to 1.43-million shares to existing shareholders, and a public offer of 2.5-million shares to invited investors.

The shares will be issued under the company’s existing placement capacity and will not require shareholder approval.

Funds raised will go towards exploration and metallurgical test work at the McDermitt project, which is the largest lithium deposit in the US by contained lithium, with 21.5-million tonnes of lithium carbonate equivalent in mineral resource.

Funds will also go towards advancing the prefeasibility study at the project, and to conduct heritage and environmental studies.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

The Mogalakwena mine
World’s biggest platinum mine nears decision on underground move
Updated 2 hours 55 minutes ago By: Bloomberg

Showroom

Aluminium Federation of South Africa
Aluminium Federation of South Africa

The Aluminium Federation of South Africa (AFSA), is the voice of the South African aluminium industry.

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
14th October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.143 0.186s - 111pq - 2rq
Subscribe Now