Jindalee owns 100 percent of the McDermitt lithium project, currently the largest lithium resource in the US, with a mineral inventory of 3 billion tons @ 1,340 parts per million for 21.5 million tons of lithium carbonate equivalent, and strategically located amongst US gigafactories. A prefeasibility study to determine the project’s economics is currently underway and expected to be completed within the second half of 2024.
The research firm has given Jindalee a valuation of AU$2.04, blending the EV/resource at 70 percent, and risked NPV at 30 percent.
“We consider JLL significantly undervalued given its large resource, strategically positioned project and the US Government’s determination to have a sustainable domestic supply of lithium to support the production of batteries in the USA,” the report said.
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