Jindalee develops battery-grade lithium carbonate from McDermitt sedimentary ore using advanced processing methods in collaboration with the U.S. Department of Energy’s Ames National Laboratory. Its sustainable extraction techniques minimize water and energy use while maximizing recovery, producing lithium carbonate that meets strict electric vehicle battery quality requirements.
Battery-grade lithium carbonate produced from McDermitt ore, suitable for direct integration into electric vehicle battery manufacturing.
2024 Pre-Feasibility Study for the McDermitt project: post-tax NPV US$3 229 million, IRR 17.9%, 63-year mine life (first 40 years yielding 1.8 million tonnes of lithium carbonate); Cooperative Research and Development Agreement with the U.S. DOE; pursuing U.S. Department of Defense grant for further feasibility studies.
Major shareholders include L G Dudfield (24.4%), Kale Capital Corporation Pty Ltd (9.2%), Kevrex Pty Ltd (3.5%), Elmix Pty Ltd (3.1%) and HSBC Custody Nominees Pty Ltd (2.9%). Mercer Street Global Opportunity Fund II, LP has invested A$0.5M, with an option to invest up to A$12M via convertible securities. Board members also hold significant personal stakes.
