# JLL: McDermitt Drilling Program Underway Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/jll-mcdermitt-drilling-program-underway--1f21e7f0-a37f-415d-9432-cba218bd0f18 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03147684 Publisher: asx Original announcement: 2026-10-01T23:37:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-02T00:12:37.660Z Atlas analysis updated: 2026-10-02T00:12:37.660Z - Company: Jindalee Lithium Limited - Ticker: JLL - Exchange: ASX - Region: Oregon - Primary commodity: Lithium - Secondary commodities: Magnesium - Document categories: Other, Resource update - Extracted: 2026-10-02 00:12:38 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Jindalee Lithium has commenced its Phase 1 drilling program at the McDermitt Lithium Project in Oregon, utilizing both RC and diamond rigs. The program focuses on high-priority infill drilling to support a future Feasibility Study and improve resource confidence, with results expected in Q1 2027. Reasoning: The announcement confirms the start of a significant infill drilling program intended to support a Feasibility Study and potentially upgrade resource classification, though no new assay data is provided. - Positive factor: commencement of major drilling program - Positive factor: infill drilling targeting resource upgrade - Positive factor: approvals received from BLM - Negative factor: no assay results reported yet Facts used in scoring: 3 ## Classification and evidence **Infill Drilling** Polarity: neutral Story-specific tag Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The release states 'Initial high-priority infill drilling is now underway'. Evidence · text > Initial high-priority infill drilling is now underway ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jll-mcdermitt-drilling-program-underway--1f21e7f0-a37f-415d-9432-cba218bd0f18#fact-resource-facts-0) McDermitt · lithium Historical result Needs review: historical\_restatement #### Identity - Project: McDermitt - Commodity: lithium - Region: oregon - Reported Region: Oregon - Ticker: JLL #### Resource scope - Estimate type: resource - Resource group id: resource:93b1f2609265e2a91a23 #### Resource Data - Category: indicated - Tonnes: 1470000000 - Grade: 1420 - Grade Unit: ppm - Contained Metal: 11.1 - Contained Unit: mt lce #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-02-27T00:00:00.000Z #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: Historical indicated resource stated in the document for comparison. Evidence · table > 1,470 Context: 1,470 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jll-mcdermitt-drilling-program-underway--1f21e7f0-a37f-415d-9432-cba218bd0f18#fact-resource-facts-1) McDermitt · lithium Historical result Needs review: historical\_restatement #### Identity - Project: McDermitt - Commodity: lithium - Region: oregon - Reported Region: Oregon - Ticker: JLL #### Resource scope - Estimate type: resource - Resource group id: resource:b5af77855e40ff10846a #### Resource Data - Category: inferred - Tonnes: 1540000000 - Grade: 1270 - Grade Unit: ppm - Contained Metal: 10.4 - Contained Unit: mt lce #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-02-27T00:00:00.000Z #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: Historical inferred resource stated in the document for comparison. Evidence · table > 1,540 Context: 1,540 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jll-mcdermitt-drilling-program-underway--1f21e7f0-a37f-415d-9432-cba218bd0f18#fact-resource-facts-2) McDermitt · lithium Historical result Needs review: historical\_restatement #### Identity - Project: McDermitt - Commodity: lithium - Region: oregon - Reported Region: Oregon - Ticker: JLL #### Resource scope - Estimate type: resource - Resource group id: resource:61a76fb7ddf6ef105b45 #### Resource Data - Category: indicated - Tonnes: 3000000000 - Grade: 1340 - Grade Unit: ppm - Contained Metal: 21.5 - Contained Unit: mt lce #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-02-27T00:00:00.000Z #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: Historical combined indicated and inferred resource stated in the document for comparison. Evidence · table > 3,000 Context: 3,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.