JINDALEE LITHIUM LIMITED (JLL)

The suspension of trading in the securities of Jindalee Lithium Limited will be lifted immediately following the release by JLL of an announcement regarding a prefeasibility study and the receipt of a response to an ASX price query.

The company has completed its Pre-Feasibility Study on the McDermitt Lithium Project, demonstrating strong economic returns and financial metrics, including a maiden probable ore reserve.

The company releases a response to ASX Price Query.

The company is requesting an extension to its voluntary suspension of securities granted by ASX on 15 November 2024, as it needs more time to finalize its response to an ASX price query and the release of its prefeasibility study. The suspension will remain in place until an announcement is made, expected before trading commences on 19 November 2024.

The securities of Jindalee Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of JLL, pending a response to an ASX price query and the release of a prefeasibility study.

The following Options of Jindalee Lithium Limited will be reinstated to quotation immediately: JLLO, JLLOA

The following Options of Jindalee Lithium Limited will be suspended from quotation at the close of trading on 2 August 2024 under Listing Rule 17.3 pending confirmation of the conditions of quotation for JLLO and JLLOA: Security class code JLLO and JLLOA.

The suspension of trading in the securities of Jindalee Lithium Limited will be lifted immediately, following the release by JRL of an announcement regarding a capital raising.

The company releases a notice of proposed issue of securities.

Jindalee is seeking to raise $6.7 million, through a combination of a Placement, Entitlement Issue and Convertible Notes, with the potential to raise up to a further $9.0 million in Convertible Notes. Total firm commitments of $4.1 million. Firm commitments for a Placement to raise gross proceeds of approximately $0.6 million from institutional investors, directors and management, at an issue price of $0.30 per share, including a $0.5 million commitment from Mercer Street Global Opportunity Fund II, LP and other funds managed by US-based C/M Capital Partners, LP (Mercer Street). Opportunity for eligible shareholders to participate via a non-renounceable Entitlement Issue on a 1 for 6 basis to raise up to approximately A$3.1 million on the same terms as the Placement. Strong support indicated from directors and management in the Entitlement Issue with precommitments received for approximately A$0.5 million. Every two shares under the Placement and Entitlement Issue will be accompanied by two freeattaching options in total (one "˜Short Term Option' and one "˜Long Term Option'), with Placement options subject to shareholder approval. Funding facility of up to $12 million via Convertible Securities received from Mercer Street with an initial tranche of $3.0 million ($1.5 million of which is subject to shareholder approval) and additional potential funding of up to $9.0 million by mutual agreement. Funds to be directed to deliver value optimisation opportunities in the McDermitt PFS, which are expected to improve capital intensity and operating costs (versus initial PFS scope) and provide runway to achieve several key value catalystsin H2 2024, including the optimised PFS and potential for non-dilutive US government grant funding.

The securities of Jindalee Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of JLL, pending the release of an announcement regarding a capital raising.

name changed from Jindalee Resources Limited