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Jindalee Lithium Limited (ASX:JLL)

ALERT: Price-sensitive ASX Announcement for JLL
Current share price for JLL : $0.380 -0.015 (-3.80%)+
Announcement
Release
2 Oct 2026 9:37AM
Price at Release
$0.395
Full Release
download
Summary
Jindalee Lithium Limited (ASX: JLL, OTCQX: JNDAF) announced on 2 October 2026 that Phase 1 infill and environmental drilling has commenced at its 100%-owned McDermitt Lithium Project in southeast Oregon, one of the largest lithium resources in the United States. Following receipt of all major approvals and the easing of BLM fire restrictions, reverse circulation and diamond drill rigs are now operating in the central part of the deposit, with RC drilling aimed at hydrogeological data collection and diamond drilling providing fresh core for geotechnical studies and metallurgical testwork. Phase 1 includes up to 100 drill sites within a staged 168-site program, with the 2026 campaign expected to cover about one-third of approved Phase 1 sites, focusing on high-priority infill locations, environmental data and monitoring wells needed for the hydrogeological model for the Feasibility Study. The program is intended to strengthen geological, hydrogeological and geotechnical datasets and support a possible upgrade to parts of the current Mineral Resource estimate, which stands at a combined 3,000 Mt at 1,340 ppm Li for 21.5 Mt LCE in the Indicated and Inferred categories at a 1,000 ppm Li cut-off, with completion targeted by the end of November 2026 and first results expected in early Q1 2027.
Key Points
  • Phase 1 infill and environmental drilling has started at the 100%-owned McDermitt Lithium Project in Oregon.
  • The drilling follows receipt of major approvals and the easing of fire restrictions by the US Bureau of Land Management.
  • Phase 1 comprises up to 100 drill sites within a staged 168-site drilling program.
  • The 2026 program is expected to cover about one-third of the approved Phase 1 drill sites.
  • Reverse circulation drilling is being used to collect hydrogeological data.
  • Diamond drilling is being used to obtain fresh core for geotechnical studies and metallurgical testwork.
  • The program aims to improve geological, hydrogeological and geotechnical datasets for the McDermitt Feasibility Study.
  • The drilling may support an upgrade in classification of portions of the current Mineral Resource estimate.
  • The current 2023 McDermitt Mineral Resource estimate totals 3,000 Mt at 1,340 ppm Li for 21.5 Mt LCE in the Indicated and Inferred categories at a 1,000 ppm Li cut-off.
  • The 2026 drilling program is expected to be completed by the end of November 2026.
  • First results from Phase 1 drilling are expected in early Q1 2027.
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.