Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

JAMESON RESOURCES LIMITED Fund Information / Factsheet 2016

Aug 2, 2016

65152_rns_2016-08-02_9e399f31-6f45-48b3-abdb-8867a5f7c8f2.pdf

Fund Information / Factsheet

Open in viewer

Opens in your device viewer

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

  • Positioned in world class metallurgical coalfields

  • Significant development expertise on board with successful track record

Dunlevy Project Update

Highlights

  • The province has refunded the full amount of the reclamation bond held as security for 2014’s Dunlevy exploration program.

  • 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,

  • Modern rail and port facilities

  • 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

==> picture [591 x 17] intentionally omitted <==

www.jamesonresources.com.au

==> picture [590 x 137] intentionally omitted <==

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.

==> picture [591 x 17] intentionally omitted <==

www.jamesonresources.com.au