On February 13th, 2023, Jindalee Resources Limited (ASX: JRL) announced that it has entered into a Non-Binding Memorandum of Understanding (MOU) with POSCO Holdings Inc. (POSCO), a Korean conglomerate, to a joint research initiative aimed at optimizing the processing of ore from the McDermitt Lithium Project, which is 100% owned by Jindalee. According to the Memorandum of Understanding (MOU), Jindalee has agreed to provide a substantial composite sample from the McDermitt ore for testing at POSCO's research center in Korea.
POSCO will bear the cost of approximately AU$2.0 million for the testwork, which is expected to take around six months. Both companies will jointly evaluate the commercialization of the project upon completion of the testwork. Jindalee's Chairman, Justin Mannolini, expressed his satisfaction with the MOU, emphasizing that it presents an opportunity for Jindalee to investigate the potential of the McDermitt Lithium Project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
