Lithium exploration and development company Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) expects to complete its prefeasibility study on the McDermitt lithium project in Oregon by the middle of 2024, according to CEO Ian Rodger.
“We’ve completed a lot of the metallurgical testwork, we’re at the back end of that, as well as the engineering and cost estimates (and) the mine planning work. Ultimately we've got a very big resource,” he said.
Rodger said the PFS will focus on the first five to 10 years of the mine life to maximise margin and economic returns.
With a mineral resource estimate of 21.5 million tonnes of lithium carbonate equivalent, the McDermitt lithium project is the largest deposit of its kind in the US. Through the property, Jindalee aims to become a significant supplier of lithium chemicals to the US electric vehicle (EV) industry.
“The reason it's compelling (is its) strategic location on the doorstep of the EV supply chain, and … this thematic around reshoring and the North American buildout really plays into why the (McDermitt) asset is interesting,” Rodger said. "And certainly from conversations with groups that are potentially interested in offtakes and partnerships down the line, the scale is really attractive."
Watch the full interview with Ian Rodger, CEO of Jindalee Lithium, above.
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