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JLL - Jindalee Lithium

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Hi people....
JRL also owns 9,300,000 shares in ALY which rallied recently from 0.50c to around 0.80c now...

I think some exciting announcement is coming from ALY! I put my money where my mouth is and bought another 10,000 JRL shares at 0.93c yesterday...hopefully it pays off

After selling 70% of it's EME's holding at worse case scenario $1.02 takeover price, JRL will be flushed with cash...like $1/ share...I really see limited risk from here on
 
Thanks for the heads-up on ALY. I visited their website and read-up some on their projects. Up until now, I have considered JRL a one trick pony. No more!!!!! I added to my position a couple of weeks ago on the back of the EME offer. ALY is icing on the cake. JRL really needs to update its website to reflect the value of its holdings.
 
What is it with JRL?! No trades for the last couple of days!! And no annoncements either... could it be just no ones trading this share?
 
Very quiet thread this one compared to others.....

I note that the above company announced on the 31st Of May, offering 0.55 cents a share, fully franked dividend.

Event Date
Announcement of Dividend 31 May 2010
Shares commence trading “ex Dividend” 9 July 2010
Record Date 15 July 2010
Payment Date and Despatch Date 23 July 2010

At the time of writing today closing at 1.35.

Anyone willing to comment on this?
 
MC - $7m
SP - 21c
Shares - 35m
Options - NQ
Cash - $6.3m (+14m Energy Metals shares, +11% stake in Alchemy Resources) Cash + shares = $10.9m.

JRL has a cash + investment equivalent of 31cps. Current SP running at a 10 cps discount. They are also free/loan carried to various points in a number of projects with different ASX listed companies.
Details below.

Energy Metals (Jindalee 9.1% of issued capital)
Jindalee holds approximately 14 million Energy Metals shares, giving shareholders continued exposure to the development of the Bigrlyi uranium‐vanadium deposit and the potential of Energy Metals’ other uranium projects.
During the quarter, Energy Metals advised that the trial shipment of uranium concentrates to its largest shareholder China Guangdong Nuclear Power Company (CGNPC) had been postponed due to delays in receiving documents from Chinese government agencies. On 17 July 2012 Energy Metals announced that all prerequisite approvals had been received and that the company was working with the Australian supplier to ensure completion of the shipment by 31 October 2012.

Murchison (Jindalee 20% free carried)
The Murchison Project comprises over 600 km ² of prospective greenstone, mostly located between the Big Bell Mine (2.8M oz) and Paddys Flat (2M oz). The Project is a Joint Venture with Alchemy Resources (Alchemy) with Jindalee’s 20% interest free carried to completion of a Bankable Feasibility Study.

Yilgangi (Jindalee 20 % loan‐carried)
Renaissance Minerals Limited (ASX code: RNS) completed the purchase of Newcrest’s 80% interest in the Yilgangi joint venture for $100,000 cash and a further $450,000 cash payable upon definition of total JORC resources of 0.25M oz gold. Renaissance has also granted Newcrest the option to claw‐back a 50% interest in the project if JORC resources of 1.5M oz gold are established at Yilgangi, with Newcrest retaining a 2.5% Net Smelter Royalty on Renaissance’s share of future production
Jindalee, which waived its pre‐emptive right to match Renaissance’s offer, retains its 20% participatory loan‐carried interest through to Decision to Mine, free of the claw‐back and royalty rights granted to Newcrest.

Cardinia JV (Jindalee 11% free carried)
Jindalee holds an 11% interest in a group of tenements at Cardinia, located 30 kilometres east of Leonora. The joint venture project forms part of Navigator Resources’ extensive Leonora Gold Project holdings. Jindalee’s interest in the Cardinia joint venture ground is free‐carried to completion of a Bankable Feasibility Study.

Joyners (Jindalee 20% free carried)
The Joyners project is a joint venture with Golden West Resources Limited and forms a part of Golden West’s much larger Wiluna West project. Golden West has earned an 80% interest in the joint venture tenements with Jindalee maintaining a 20% equity position, free‐carried through to completion of a Bankable Feasibility Study. The joint venture tenements contain indicated and inferred iron oxide resources (Joyners North) estimated to total 7.9 million tonnes at 62.2% iron.
 

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Small volume share price spike from JRL today.

With this MC:Cash position could be one worth keeping an eye on short term.

Pure speculation on my part from one that has been on one of my watch lists for a while.
 
and, some eight years down the track.
Jindalee Resources Limited (JRL) is involved in mineral exploration. The Group holds interests in tenements in the United States, Tasmania and Western Australia prospective for lithium, magnesite, gold, diamonds, nickel and iron ore, with most of these tenements wholly owned. The Group also has indirect interests in uranium, gold and base metals through various investee companies.
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probably mines the punters, too?

latest kicker:
SHAREHOLDER UPDATE – US LITHIUM ASSETS
  • Initial assay results from McDermitt drilling expected late January
  • Results from McDermitt metallurgical testwork due late January
  • Jindalee exploring options for North American listing of lithium assets
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(DNH)
must be a wet dream for all these moribund outfits to dust off tenements
 
Dona Ferentes said:
and, some eight years down the track. Probably mines the punters, too?
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[/QUOTE]

Tightly held by the looks?

Riding the Lithium resurgence in a big way after years in the wilderness.

Is there possibly a "Tesla" US interest in the Stock?

Interesting, but not for me. I like Stocks under 10 cents :happy:
 
having another go..... closed at $1.76 today

McDERMITT LITHIUM PROJECT – FIRST ASSAY RESULTS
  • Assay results from 10 of 15 drillholes received
  • Substantial thicknesses of lithium mineralisation intersected in all holes
  • Mineralisation intersected over 1km north of current Inferred Resource
  • Remainder of drillhole results expected by mid-February 2021
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Claim in the Update that McDermitt could, if proven up, supply all of USA Lithium needs. It is a sedimentary deposit (not brines, not spodumene) with cheaper extraction .... mine and crush.
 
get in while they can ... now $1.52
TH pending the release of an announcement regarding a capital raising.
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Activities
Widgiemooltha WA - program to test gold targets approved; nickel program under consideration
McDermitt USA - Updated resource in March; scoping study possible in Jun Q; Engaging with US partners and investors ongoing
 
Dona Ferentes said:
get in while they can ... now $1.52


Activities
Widgiemooltha WA - program to test gold targets approved; nickel program under consideration
McDermitt USA - Updated resource in March; scoping study possible in Jun Q; Engaging with US partners and investors ongoing
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Capital raising.

How's their inferred deposit at McDermitt rate compared to peers?

Screen Shot 2021-03-12 at 2.35.27 pm.png
 
kennas said:
Capital raising.

How's their inferred deposit at McDermitt rate compared to peers?

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JRL (as of yesterday) claims that it's now officially the largest lithium deposit in the USA.

McDermitt now hosts a combined Indicated and Inferred Mineral Resource Inventory of 1.43 Billion tonnes at 1,320ppm Li for total of 10.1 Million tonnes Lithium Carbonate Equivalent (LCE) at 1,000 ppm Li COG, making it the largest lithium deposit in the United States by contained lithium in Mineral Resource, eclipsing Lithium Americas’ (TSX: LAC) Thacker Pass deposit (8.3Mt LCE at 2,000ppm Li COG)1.
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More drilling coming soon:

The 2021 drill program will be finalised based on the updated MRE with the aim to infill and further upgrade the Resource and to define the full extent of the lithium mineralisation at McDermitt.
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Share price currently hitting all time highs. Up 23.4% so far today.
 
The lithium mineralisation at the McDermitt Lithium Project just keeps on increasing. Assay results from diamond drilling carried out late last year were announced today and they look very, very good. More thick, high grade intercepts close to the surface.

At least 1.43 billion tonnes of lithium is an incredible amount of mineralisation.

JRL170322.jpg


JRL170322(b).png


The upcoming updated MRE (sceduld for early next quarter) should move a lot of the inferred resource to indicated, hopefully enabling JRL to release detailed production and financial metrics from the Scoping Study to the market which they have been unable to do due to regulatory constraints surrounding the reliance on Inferred Mineral Resource.

Given the current geopolitical situation and growing bipartisan political support for establishing domestic supply chains of critical minerals in the USA, I can't see any downsides to JRL at the moment.
 
frugal.rock said:
Might be worth watching to ensure a bottom is in. It's a little illiquid to trade ....
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MOU Executed with POSCO Holdings
• POSCO and Jindalee to undertake joint research regarding Jindalee’s McDermitt Lithium Project (USA)
• POSCO to fund metallurgical testwork on McDermitt ore
• Results from testwork expected by mid 2023

....and up 10%
Screenshot_20230213-101538_CommSec.jpg
 
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