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JAMESON RESOURCES LIMITED — Fund Information / Factsheet 2014
Sep 7, 2014
65152_rns_2014-09-07_10f18256-a291-4bba-a755-9d5cec862551.pdf
Fund Information / Factsheet
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8 SEPT 2014
Fast Facts ASX: JAL
Permitting Update
Crown Mountain Coking Coal Project
| Share Price Range (6mths) Shares on issue |
$0.14 - $0.23 189,665,619 |
|---|---|
| Options ($0.15 -$0.20) | 10,976,390 |
| Market Capitalisation | ~$30M |
Major Shareholders (as at September 5, 2014)
| Macquarie Metals & Energy | 10.5% |
|---|---|
| Robert J Devereux | 5.4% |
| Timothy Lyons | 5.1% |
| Zero Nominees | 5.1% |
Directors & Management
David Fawcett (Chairman) Art Palm (Executive Director & CEO) Jeff Bennett (Non Executive Director) Steve van Barneveld (Non Exec Director)
Key Projects
Crown Mountain Coking Coal Project Elk Valley Coalfield, Canada Dunlevy Metallurgical Coal Project Peace River Coal Field, 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 initial exploration Q3 2014 Crown PFS completion Q3 2014 Crown EA Project Description Overview Q3 2014 Dunlevy coal quality Q3 2014
Highlights
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Jameson has submitted a draft Project Description document to the British Columbia Environmental Assessment Office (EAO) and the Canadian Environmental Assessment Agency (CEAA).
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The Project Description is the initial step in entering the PreApplication Phase of the Environmental Assessment process.
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Jameson is committed to fast-tracking the Environmental Assessment and permitting processes for Crown Mountain, and is targeting construction activities to commence in the second half of 2016, with initial mine production by late 2017.
Jameson Resources Limited (“Jameson” or “the Company”) is pleased to announce it has submitted a draft Project Description (PD) to the Canadian and provincial (British Columbia) governments. The PD is used by regulators to confirm that a Project, or a component of a Project, requires the completion of an Environmental Assessment (EA). Once the PD has been accepted by the regulators, the Project enters the Pre-Application Phase of the EA process.
The Company completed a Prefeasibility Study (PFS) last month that projected outstanding economics for Crown Mountain, with hard coking coal as the main product. The EA process is the next step in obtaining the necessary permits to construct and operate an open pit mine.
As contained in the PFS, the project schedule currently anticipates the permitting process will be concluded by mid-2016, followed by mine construction, with first production in late 2017.
Jameson continues to collect the necessary field data required for the full EA submission and other supporting permits.
Contact Details
Australia
L2, 79 Hay Street, Subiaco WA, 6008 Overview P +61 (8) 9200 4473 F +61 (8) 9200 4463
- E [email protected] .au
Canada
S8, 1199 West Hastings, Vancouver P +1 (604) 629-8605
Art Palm Chief Executive Officer
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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, or 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