Why the Jindalee Resources (ASX:JRL) share price is rocketing 55% higher
James Mickleboro | April 9, 2021 10:09am |
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At the time of writing, the lithium developer’s shares are up 55% to $2.86.
Why is the Jindalee Resources share price zooming higher?
Investors have been buying Jindalee Resources shares this morning following the release of an announcement after the market close on Thursday.
That release relates to the 100% owned McDermitt Lithium Project in the United States and its mineral resource estimate.
According to the release, the company has updated its mineral resource estimate following the completion of drilling at the end of December.
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Jindalee Resources Ltd lithium results extend McDermitt project in US and further demonstrate strategic scale
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