Jindalee Lithium Limited (ASX:JLL; OTCQX:JNDAF) has announced that it’s McDermitt Lithium Project, 100%-owned by its US subsidiary HiTech Minerals Inc., has been designated as a “Transparency Project” under the US Fixing America’s Surface Transportation Act (FAST-41) permitting framework. This designation aims to enhance federal project coordination and transparency, improving permitting timelines and inter-agency cooperation.
The McDermitt Project is one of only 10 resource projects nationwide to be recognized under this initiative, highlighting its strategic importance in boosting US critical minerals supply chains. Chief Executive Officer, Ian Rodger, had this to say about the designation. “Being named among the first 10 Fast-41 Transparency Projects validates McDermitt’s strategic importance to US mineral security. Inclusion on the Federal Permitting Dashboard highlights our project’s national significance, offering greater transparency and federal support to advance our Exploration Plan of Operations (EPO), currently I the final stages of National Environmental Policy Act (NEPA) review with an environmental assessment recently published for public comment. Once approved, the EPO will allow further on-site activity, including drilling to provide additional geological and environmental data, as well as fresh samples for geotechnical studies and further metallurgical test work. Jindalee remains committed to developing McDermitt transparently and responsibly, collaborating closely with federal and state agencies to realize this critical US lithium asset’s full potential.”
The inclusion of the McDermitt project aligns well with the Trump administration’s efforts to expedite domestic critical mineral production and places McDermitt quite prominently among other strategically important US-based critical minerals projects.
In November 2024, Jindalee put out their PFS, forecasting production of 1.8Mt of battery-grade lithium carbonate over the first 40 years and they have an estimated maiden probable ore reserve of 251Mt at 1,751ppm lithium, containing 2.34Mt of lithium carbonate equivalent.
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