Lithium exploration and improvement firm Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) expects to finish its prefeasibility examine on the McDermitt lithium challenge in Oregon by the center of 2024, based on CEO Ian Rodger.
“We’ve accomplished numerous the metallurgical testwork, we’re on the again finish of that, in addition to the engineering and price estimates (and) the mine planning work. Finally we have a really huge useful resource,” he stated.
Rodger stated the PFS will concentrate on the primary 5 to 10 years of the mine life to maximise margin and financial returns.
With a mineral useful resource estimate of 21.5 million tonnes of lithium carbonate equal, the McDermitt lithium challenge is the biggest deposit of its form within the US. By the property, Jindalee goals to turn out to be a major provider of lithium chemical compounds to the US electrical car (EV) business.
“The explanation it is compelling (is its) strategic location on the doorstep of the EV provide chain, and … this thematic round reshoring and the North American buildout actually performs into why the (McDermitt) asset is fascinating,” Rodger stated. “And definitely from conversations with teams which might be probably taken with offtakes and partnerships down the road, the size is de facto engaging.”
Watch the complete interview with Ian Rodger, CEO of Jindalee Lithium, above.
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