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JAMESON RESOURCES LIMITED — Board/Management Information 2013
Jul 30, 2013
65152_rns_2013-07-30_f01d3039-c778-4acc-934f-e8367873a0a9.pdf
Board/Management Information
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31 July 2013
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|Fast Facts|ASX: JAL|
|Share Price Range (6mths)|$0.21 ‐ $0.36|
|Shares on issue|158,536,453|
|Options ($0.15 ‐$0.35)|9,080,556|
|Market Capitalisation|~$33M|
|Cash Position (June 30, 2013)|$3.1M|
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|Major Shareholders|
|(as at July 2013)|
|Macquarie Bank|9.6%|
|Nefco Nom PL|6.4%|
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Directors & Management
David Fawcett (Chairman) Art Palm (Executive Director & CEO) John Holmes (Executive Director) David Prentice (Non Executive Director) Jeff Bennett (Non Executive Director)
Key Projects
Crown Mountain Coal Project Elk Valley Coalfields, Canada Dunlevy Coal Project Peace River Coal Fields, Canada
Investment Highlights
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Positioned in world class metallurgical coalfields
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Significant development expertise on board with successful track record
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Modern rail and port facilities
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Strong financial position
Newsflow / Catalysts
Dunlevy regulatory approvals Q3 2013 Dunlevy exploration commences Q3 2013 Crown exploration commences Overview Q3 2013 Crown PFS commences Q4 2013
Contact Details
Australia
L2, 79 Hay Street, Subiaco WA, 6008 Overview P +61 (8) 9200 4473 F +61 (8) 9200 4463
CEO Appointed to drive Crown Mountain Project through to Development
The Directors of Jameson Resources Limited (“Jameson” or “the Company”) are very pleased to announce the appointment of Mr. Art Palm as Chief Executive Officer effective August 1[st] 2013.
As CEO and Executive Director Operations, Art will take the lead role to drive the advancement of the Crown Mountain Project through the pre‐feasibility and feasibility study phases and ultimately to the development of a mine.
Art is a highly experienced North American based coal‐mining executive with broad operational, engineering and financial expertise and a strong network in the North American coal‐mining industry. The Board considers this skill set, experience and contacts to be critical to the transition of Jameson from an explorer to a producer. Art has already commenced the process of identifying key North American based senior operations management and support staff that will be required as Jameson moves forward.
John Holmes will continue as an Executive Director supporting Art in his expanded role and with oversight of the Company’s corporate and Australian Securities Exchange related responsibilities.
Commenting on this release, Jameson’s Chairman David Fawcett said; “We are very pleased that Art has accepted his new role as the Company enters this important phase of its development. We are also pleased that we have the depth in our senior management team that enabled us to make this appointment from within our organization.”
Commenting on this release, Jameson’s newly appointed CEO Art Palm said; “I’m honoured to have been offered this opportunity and look forward to continuing to work hard to advance the Crown Mountain Project through to development. With Crown Mountain drilling commencing in mid‐August, and our Dunlevy project continuing to advance through the review process, this is an exciting time for Jameson. I would like to also thank John for all of his good work. John has done an excellent job at managing Jameson’s exploration efforts, promoting the business in the investment community and in building the expertise required at Board level to prepare the Company for future operations. I very much look forward to continuing to work with John in our changed roles.”
On Behalf of the Board of Directors,
E [email protected] .au
Canada
S8, 1199 West Hastings, Vancouver P +1 (604) 629‐8605
Suzie Foreman
Company Secretary
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www.jamesonresources.com.au
About Jameson Resources Limited
Jameson Resources Limited (ASX:JAL) is a junior resources company focused on the acquisition, exploration and development of strategic coal projects in western Canada. The Company has a 90% interest in the Crown Mountain coal project, and a 100% interest in the Peace River coal projects located in British Columbia. Jameson’s tenement portfolio in British Columbia is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and are all close to railways connecting to export facilities.
To learn more, please contact the Company at +61 89200 4473 visit: www.jamesonresources.com.au
Forward Looking Statements
This announcement contains “forward‐looking statements”. Such forward‐looking statements include, without limitation: estimates of future earnings, the sensitivity of earnings to commodity prices and foreign exchange rate movements; estimates of future production and sales; estimates of future cash flows, the sensitivity of cash flows to commodity prices and foreign exchange rate movements; statements regarding future debt repayments; estimates of future capital expenditures; estimates of resources and statements regarding future exploration results; and where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward‐looking statements. Such risks include, but are not limited to commodity price volatility, currency fluctuations, increased production costs and variances in resource or reserve rates from those assumed in the company’s plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Annual Reports, as well as the Company’s other filings. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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www.jamesonresources.com.au