“As one of the largest lithium projects in the US, McDermitt presents a huge array of potential development pathways.
“The board believes that the favourable political climate in the United States following bi-partisan expressions of support for the development of an integrated domestic lithium-ion battery value chain, coupled with the well-known electric vehicle thematic, create the ideal backdrop for the proposed demerger. “The time is right for Jindalee to reposition itself as a pure-play US lithium developer,” said Jindalee chairperson Justin Mannolini. In addition, following the release of exploration results from the 2021 drill campaign, Jindalee expects to publish an updated mineral resource estimate for McDermitt in the current quarter.Ī further drill programme is planned for the second half of the calendar year, with permitting already in place for 28 additional holes. The company recently engaged consultants to commence baseline environment and heritage activities at McDermitt.
