Jindalee Lithium Limited (ASX: JRL) is an Australian resource company specializing in lithium exploration and development. The company’s primary asset is the McDermitt Lithium Project, situated on the Oregon-Nevada border, representing one of the largest lithium deposits in the United States. With a resource estimate of 3.0 billion tonnes at 1,340 ppm lithium (equivalent to 21.5 million tonnes of Lithium Carbonate Equivalent), McDermitt positions Jindalee as a significant contributor to North America’s sustainable energy future.
The company, established in 2002, maintains a strong commitment to environmental stewardship and community engagement, particularly with Native American communities near its project sites. This approach reflects Jindalee’s dedication to responsible resource development while supporting the growing demand for lithium in battery manufacturing.
Battery Technology
Jindalee’s technical focus centers on developing high-grade lithium carbonate for battery applications. The company has successfully demonstrated its capability to produce battery-grade lithium carbonate from McDermitt ore through extensive metallurgical testing. This achievement validates the project’s potential to supply premium materials to the expanding U.S. battery manufacturing sector.
The McDermitt project utilizes advanced processing methods to extract lithium from sedimentary deposits. Through collaboration with the U.S. Department of Energy’s Ames National Laboratory, Jindalee is developing efficient extraction techniques that minimize environmental impact while maximizing resource recovery. The company’s processing strategy includes sustainable practices that reduce water consumption and energy usage compared to traditional extraction methods.
The produced lithium carbonate meets strict quality requirements for electric vehicle battery production, enabling direct integration into the battery supply chain. This capability positions Jindalee as a vital link between raw material extraction and battery manufacturing, supporting the transition to electric mobility.
Recent Projects
In 2024, Jindalee completed its Pre-Feasibility Study for the McDermitt project, revealing impressive financial metrics including a post-tax Net Present Value of US$3,229 million and an Internal Rate of Return of 17.9%. The study projects a 63-year operational lifespan, with the first 40 years yielding 1.8 million tonnes of battery-grade lithium carbonate.
The company has also secured a Cooperative Research and Development Agreement with the U.S. Department of Energy, focusing on innovative extraction methods. Additionally, Jindalee is pursuing a grant from the U.S. Department of Defense to support further feasibility studies at McDermitt.
Investors
Jindalee’s ownership structure includes significant institutional and private investors. L G Dudfield holds the largest stake at 24.4%, followed by Kale Capital Corporation Pty Ltd with 9.2%. Other major shareholders include 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$500,000 with an option for additional funding up to A$12 million through convertible securities. The company’s board members demonstrate their confidence through substantial personal investments.
Business Details
Location: West Perth, Western Australia
Website: https://jindaleelithium.com
LinkedIn: https://www.linkedin.com/company/2052034
