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JAMESON RESOURCES LIMITED — Fund Information / Factsheet 2016
Aug 2, 2016
65152_rns_2016-08-02_9e399f31-6f45-48b3-abdb-8867a5f7c8f2.pdf
Fund Information / Factsheet
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3 AUGUST 2016
Fast Facts ASX: JAL
| Share Price Range (6mths) Shares on Issue |
$0.01 - $0.03 208,565,619 |
|---|---|
| Options ($0.16 - $0.20) | 16,300,000 |
| Market Capitalisation Major Shareholders |
~$6M |
| (as at August 2, 2016) | |
| Zero Nominees Pty Ltd Hillboi Nominees |
9.4% 5.9% |
| Wholesalers Morley PL | 5.3% |
Directors & Management
Art Palm (Chairman & CEO) Jeff Bennett (Non Executive Director) Steve van Barneveld (Non Executive Director)
Key Projects
Crown Mountain Coking Coal Project Elk Valley Coal Field, Canada Dunlevy 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
Dunlevy Project Update
Highlights
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The province has refunded the full amount of the reclamation bond held as security for 2014’s Dunlevy exploration program.
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Other than annual rent, there are no ongoing expenses associated with the project.
Jameson Resources (“Jameson”, the “Company”) is pleased to report that the Ministry of Energy and Mines has inspected reclamation performed at the Dunlevy project (“Dunlevy”, the “Project”) and accepted it without exception.
This action has resulted in a full refund of the reclamation bond, in the amount of $35,000, held as security by the province.
Dunlevy consists of 2,534 hectares of approved exploration licenses located in the Peace River coal field in northeast British Columbia. The Company conducted an exploration program at Dunlevy in 2014. There are no activities planned at Dunlevy until the current coal market recovery expands further. Jameson has directed its efforts in coal to the Crown Mountain coking coal project in southeast British Columbia.
Jameson has no material financial obligations on the Project outside of the annual exploration license renewal fee of $17,738.
On Behalf of the Board of Directors,
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Modern rail and port facilities
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Strong financial position
Newsflow / Catalysts
Overview
Complete Crown EA pre-app Q3 2016 Crown PFS enhancements ongoing Crown enviro permit progress ongoing
Art Palm Chief Executive Officer
Contact Details
Overview
Australia
Suite 5, 62 Ord Street West Perth, WA 6005 P +61 (8) 9200 4473 F +61 (8) 9200 4463 E [email protected] .au
Canada
Suite 800, 1199 West Hastings, Vancouver P +1 (604) 629-8605
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www.jamesonresources.com.au
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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 coking coal project, and a 100% interest in the Dunlevy coal project, both located in British Columbia. Jameson’s tenement portfolio is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and is near 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