Jindalee Resources Ltd

Jindalee Resources a ‘project-generator’ for multiple mineral commodities

Jindalee Resources Ltd (ASX:JRL) managing director Pip Darvall speaks to Proactive Investors about the exploration company’s diverse asset portfolio spanning myriad commodities across multiple projects in Australia and the United States.

The company is exploring for gold, magnesite, iron ore, base metals, diamonds and uranium across three Australian states and territories, as well as recently acquiring two lithium prospects in the US.

“You could probably call us a ‘project generator’ type company,” Darvall says.

He continues, “We tend to generate projects internally, [there’s] a lot of geological capability in the company, and when we feel we’ve got it to a certain point we look for a partner.”

The company funds its own activities through several farm-outs and has never had to go back to market for funds since it listed.

Quick facts: Jindalee Resources Ltd

Price: $0.30

Market: ASX
Market Cap: $11.21 m

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Jindalee Resources execs on the ground as it gets ready to drill at...

Jindalee Resources Ltd (ASX:JDL) Managing Director Pip Darvall tells Proactive Investors the company's drilling program at the McDermitt Lithium Project in the southwestern part of the United States is all set to begin in July. Darvall talks through the planned drill program, and says the...

on 07/09/2019

2 min read