Jindalee Completes 2025 Drilling, Extends US Listing Exclusivity by 45 Days

Drilling Program Completion Marks Key Milestone

Jindalee Lithium Limited has successfully wrapped up its 2025 drilling campaign at the McDermitt Lithium Project, a significant lithium resource located in the United States. The program involved five large diameter core holes designed to provide high-quality samples for metallurgical testing aimed at enhancing lithium recovery rates and exploring the potential for valuable magnesium by-products. This drilling not only supports resource optimisation but also delivers critical geological and geotechnical data to inform future development.

All drill sites have been rehabilitated, and the core samples have been logged, cut, and prepared for assay. The company anticipates releasing assay results, including lithium and magnesium content, early in the first quarter of 2026. These results will be pivotal in refining the project’s economics and advancing metallurgical testwork.

Strategic Move Toward US Listing

Parallel to its operational progress, Jindalee is advancing plans to list its wholly owned US subsidiary, HiTech Minerals Inc., on a US national securities exchange. This move is being pursued through a proposed merger with Constellation Acquisition Corp. I, a transaction that would create a US-listed vehicle to further develop the McDermitt Project. The exclusivity period under the initial non-binding Letter of Intent has been extended by 45 days, reflecting constructive negotiations and a shared commitment to finalising a binding Business Combination Agreement.

Jindalee’s leadership expressed optimism about both the drilling outcomes and the listing process. Managing Director Ian Rodger highlighted the successful drilling program and the company’s focus on unlocking additional value through metallurgical advancements. He also noted the positive engagement with Constellation as they work toward a definitive agreement.

Positioning for the Next Lithium Market Cycle

With McDermitt recognised as one of the largest lithium deposits in the US, Jindalee’s progress positions it strategically to support America’s energy security and critical minerals supply chain. The recent Pre-Feasibility Study underscored the project’s scale, long-life potential, and cost competitiveness. As the company moves closer to US listing and awaits assay results, investors and stakeholders will be watching closely for developments that could enhance the project’s valuation and market profile.