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Jindalee’s McDermitt progress puts funding before the next big result
5:18pm on Friday 30th of October, 2026 AEDT
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Mining
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Jindalee’s McDermitt progress puts funding before the next big result
5:18pm on Friday 30th of October, 2026 AEDT
Key Points
Phase 1 McDermitt drilling underway, with first results expected in Q1 2027
Magnesium oxide testwork reached up to 93.4% MgO, but commercial viability remains unproven
US Elemental lodged its fifth S-4 amendment and is targeting a Q4 2026 NASDAQ listing
A$6.7 million cash balance at 30 September implies one quarter of funding
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