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WRITTEN BY Adam Orlando

Jindalee rattles tin ahead of potential name change

Jindalee Resources (ASX:JRL), which is seeking approval it its upcoming AGM to be renamed Jindalee Lithium, is undertaking a $5.5 million equity raise comprising the issue of up to 3.93 million new ordinary shares at $1.40 per share.

Canaccord Genuity (Australia) is acting as lead manager for the capital raising.

Jindalee has lodged a prospectus, dated 13 October 2023, with ASIC.

Funds raised will be used to advance exploration and development of the McDermitt Lithium Project, including for drilling and exploration; metallurgical testwork; advancing the Prefeasibility Study; as well as for heritage and environmental work.

The capital raising is not being underwritten.

Images: Jindalee Resources
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.

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