Jindalee Lithium Limited

JNDAF

Industrial Materials · Basic Materials

Price

$0.26

+0.02 (+6.29%)

Market Cap

$19.2M

Exchange

Other OTC

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+56.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 45.5M (2021) → 71.3M (2025)

Winston Score History

The full picture

Jindalee Lithium Limited is an Australian mining exploration company focused on finding and developing lithium deposits. Its main project is the McDermitt Lithium Project, located in Oregon, USA, which is one of the largest known lithium deposits in the world. Lithium is a key ingredient in batteries used in electric vehicles and energy storage systems.

Jindalee does not yet produce or sell lithium — it is still in the exploration and development stage, meaning it has no revenue right now. The company funds its work by raising money from investors, which is typical for early-stage mining companies. Its main competitive advantage is the sheer size of the McDermitt deposit, but the biggest risk is that turning a mineral deposit into an actual producing mine requires years of permitting, massive capital investment, and navigating environmental and regulatory hurdles before any money can be made.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+63.0% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-55.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

58.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~7 months

A$4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

Jindalee Lithium Limited is growing revenue at 63% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

-9492.8%

Losing money on operations — -9492.8%

Return on the money invested

ROCE

-14.8%

Weak — -14.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+63.0%

Fast-growing sales (+63.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

N/A

Data not available

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-19828.1%

Burning cash (-19828.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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