Ann: Jindalee repositioning as pure-play US lithium company, page-73

I've read on here people posting about JRL doing a Scoping Study.

The Scoping Study is already done. It was released in September.

However, the financial parts of the SS were deemed not to be released by the ASX as the MRE contained too high a proportion of Inferred resource rather than Indicated resource. This has been the purpose of the recently completed drilling. To be able to revise the MRE (due in May now) so that a lot of the Inferred is moved to Indicated - hence allowing JRL to publish the financials from the SS.

I would assume that they will update any other relevant parts of the SS (input values and price of LC), and release this data soon after the new MRE.

Both of these, one due in May and the other likely to follow soon after, will be massive catalysts for a shift up in the market capital of JRL.

Upward movement of the SP now is people getting set for these events. With only 57m shares on issue, and 59% held by insiders, it won't be easy to buy on market when these are released.

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