Jindalee Resources Limited ("Jindalee") is a public company with the primary objective of creating wealth for shareholders through the discovery of world-class mineral deposits. Our strategy is simple – we acquire prospective ground cheaply, add value through reconnaissance activity and, where appropriate, either introduce partners to fund the higher risk and/or expensive phases of exploration, or fund exploration via a dedicated company in which Jindalee retains a significant interest. This way our burn rate remains low and we delay the need to raise new equity, thus maintaining Jindalee’s tight capital structure and ensuring our shareholders gain maximum leverage from any exploration success. This strategy also releases funds for the evaluation of other exploration opportunities and/or advanced projects with the potential to provide early cash flow. Jindalee has a track record of rewarding shareholders. Shareholders have received priority entitlements to new listings in which the Company is involved (including Energy Metals, Alchemy Resources and Anchor Resources) and in July 2010 a fully franked special dividend of $0.55 was paid to eligible shareholders. More recently, Jindalee has discovered the McDermitt lithium deposit in Oregon, USA and is steadily progressing the development of the Project. In late 2019, the Company announced an Inferred Mineral Resource of 150Mt @ 2000ppm Li for a LCE of 1.6Mt (at a cut-off of 1750ppm Li). Recent work has focussed on upgrading the Mineral Resource to Indicated classification to allow for completion of a Scoping Study. In addition, Jindalee holds a significant land package at Widgiemooltha (south of Kalgoorlie) Western Australia that remains highly prospective for gold and nickel mineralisation.