Jindalee starts McDermitt mobilisation ahead of major drilling campaign
Jindalee Lithium is moving crews onto its McDermitt project in Oregon, with Phase 1 drilling of up to 100 sites scheduled to begin in late September. Its proposed US Elemental Nasdaq listing remains targeted for the fourth quarter, although the planned US$20 million to US$30 million PIPE financing is not yet binding.
- Site mobilisation begins after Oregon fire restrictions ease
- Up to 100 Phase 1 drill sites planned
- Initial drilling results targeted for early Q1 2027
- US$20 million to US$30 million PIPE target supported by term sheets
- Nasdaq transaction still depends on SEC and closing conditions
The operational timetable at Jindalee Lithium Limited (ASX:JLL, OTCQX:JNDAF) has finally moved from approval to activity. Site mobilisation is underway at the McDermitt Lithium Project in southeast Oregon after the Bureau of Land Management eased fire restrictions, with Phase 1 drilling scheduled to start in late September 2026.
Bottom Line?
The next proof points are tangible: binding PIPE commitments, an effective Form S-4 and drill results that can strengthen McDermitt’s resource and feasibility work.
Questions in the middle?
- Will the non-binding PIPE term sheets convert into enough binding commitments to satisfy the US$14 million minimum cash condition?
- Can the amended Form S-4 clear remaining SEC review in time for a fourth-quarter Nasdaq transaction?
- Will Phase 1 drilling materially improve resource confidence within the proposed mine design?
