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Jindalee Lithium Limited (ASX:JLL)

ALERT: Price-sensitive ASX Announcement for JLL
Current share price for JLL : $0.405 0.07 (20.90%)+
Announcement
Release
14 Aug 2026 9:07AM
Price at Release
$0.335
Full Release
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Summary
Jindalee Lithium Limited is set to commence a major drilling program at its McDermitt Lithium Project in September 2026, having secured necessary permits from the Oregon Department of Geology and Mineral Industries. The program, conducted by its US subsidiary HiTech Minerals Inc., and contracted to Forged Drilling Corp., will begin with up to 100 drill sites as part of Phase 1. This phase targets resource confidence upgrades and environmental data collection, with results anticipated by December 2026. The commencement is dependent on fire risk conditions due to Oregon's ongoing severe wildfire season.
Key Points
  • Jindalee Lithium Limited has received state-level permits for exploratory drilling at the McDermitt Lithium Project.
  • The drilling program is set to begin in September 2026, contingent on fire risk conditions.
  • Phase 1 of the drilling program will include up to 100 drill sites focusing on infill drilling and environmental data collection.
  • Drilling will be conducted by Forged Drilling Corp.
  • The project aims to upgrade resource confidence, provide samples for studies, and gather environmental data.
  • The first results from the drilling are expected in the December 2026 quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.