37
JINDALEE RESOURCES LTD
…
junior WA explorer with an international eye
DID
?
YOU
KNOW
With less than 35 million shares on issue, Jindalee has one of the tightest capital structures of any
ASX listed resource company – 210,000 shares will get you onto Jindalee’s Top 20 shareholder list.
Jindalee Resources’ small but highly talented team do a great job looking after the technical and administrative
aspects of the business, leaving Lindsay Dudfield, Jindalee’s Managing Director, free to concentrate on new
opportunities and raising the profile of the company. The working environment at Jindalee is relaxed and
positive, and Lindsay appreciates how much he enjoys going to work each day.
Jindalee prides itself on not having been back to the market to raise money since its original listing in 2002
when it raised $2.6 million, mainly from family, friends and industry colleagues. “This has taken a lot of
discipline, but puts Jindalee in great shape for the next stage of its development” says Lindsay.
Reflecting on professional tips for others, he comments that, “Wherever possible, surround yourself with
the highest quality people, and you won’t be disappointed. This applies not only to employees but to
contractors and consultants, joint venture partners and shareholders”.
Lindsay joined the WA Mining Club in 2011, having attended a couple of luncheons and being struck by
the quality of the speakers and the camaraderie present.
Most admired business leader:
Michael Chaney
Likes doing away from work:
Cooking, watching my kids’ sport, playing Vets hockey
Future goals:
Getting through the hockey season uninjured
Preferred dinner guest:
Eric Clapton
Meet WAMC Member – Lindsay Dudfield
Contact:
Jindalee Resources Ltd
T: 08 9321 7550
E:
lindsay@jindalee.net
www.jindalee.net
Jindalee Resources is a junior explorer.
Since listing in July 2002, Jindalee’s
modus operandi has been to acquire
prospective ground or projects and
add value through initial exploration
activity to bring the project to
decision point. At this time, Jindalee
either continues on a 100% ownership
basis, introduces partners to fund the
higher risk and/or expensive stages
of exploration, or it funds further
exploration via a dedicated company
in which Jindalee retains a significant
stake (and in which Jindalee
shareholders have the opportunity
to invest directly).
The latter option is well illustrated
by Jindalee’s divestment of former
subsidiary Energy Metals as a
self-funded uranium explorer in 2005.
In December 2009 Jindalee sold its
controlling stake in Energy Metals
to major Chinese utility CGNPC
and six months later returned most
of the proceeds from the sale to
shareholders as a $0.55 fully
franked dividend, retaining sufficient
funds for further growth.
Jindalee holds direct interests in
gold projects in the Eastern Goldfields,
and gold and iron ore in the
Murchison region. It also has indirect
interests in gold, uranium and
base metals through its investee
companies, and is currently scouring
the globe for suitable new projects.