JAMESON RESOURCES LIMITED — Investor Presentation 2012

Mar 25, 2012

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Investor Presentation

March 2012

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ASX : JAL

Disclaimer

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This document has been prepared as a summary only, and does not contain all information about the Jameson Resources Limited’s (the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. This document should be read in conjunction with any public announcements and reports (including financial reports , third party studies and disclosure documents) released by the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the Shares or that there will be an increase in the value of the Shares in the future.

Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’s prospectuses and other relevant announcements to the Australian Stock Exchange.

Some of the statements contained in this release are forward‐looking statements. Forward looking statements include but are not limited to, statements concerning estimates of coal tonnages, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “aim”, “could”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward‐looking statements.

Although the company believes that its expectations reflected in the forward‐looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward‐looking statements. Various factors could cause actual results to differ from these forward‐looking statements include the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material.

The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position.

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Investment Highlights

POSITIONED IN WORLD CLASS METALLURGICAL COAL FIELDS

 Jameson has acquired coal projects within Canada’s prolific Elk Valley and Peace River coking coal fields

SIGNIFICANT DEVELOPMENT EXPERTISE ON BOARD

Two highly credentialed coal mining executives : Mr David Fawcett and Mr Art Palm, both mining engineers with proven track records

MODERN RAIL AND PORT FACILITIES

• British Columbia provides excellent infrastructure for coal projects including three deep water ports, an extensive rail system, high quality roads and established power supply

IN A BULLISH METALLURGICAL COAL MARKET

• Demand for metallurgical coal is at a record high driven by China and India

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Canadian Advantage

• Canada is the third largest exporter of coking coal at ~28mtpa

• World class infrastructure which includes:

• Deep water seaports including Ridley (planned expansion)

• Westshore and Neptune Coal Terminals

• Canadian Pacific and Canadian National Railways

• Ample, low cost power

• High‐quality road network

• Limited demurrage time at Western Canadian ports by comparison to Australian ports

• Shipping distance from Canada to northern Pacific Asian markets is similar to that from the eastern Australian seaboard

• Low sovereign risk and resources friendly regulatory environment

• Major level of corporate activity for Canadian coal

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Limited supply of metallurgical coal

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1Mt
Canada
20Mt
28Mt 41Mt Russia
21Mt 15 days, 14 hours [1]
USA * [Mongolia]
… Acquiring and developing 49Mt 547Mt China
14 days,
Indonesia * 8 hours [1]
Western Canadian Coal Projects
3Mt
[Mozambique]
Australia
151Mt
Export
Domestic
[Developing Basin]
Source: Wood Mackenzie 2010 data
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Note: 1) Equivalent time calculation derived from distance travelled between Newcastle (Australia), Duncan Bay (Canada) and Dalian (China) Ports at an average speed of 14 knots

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Corporate Information

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ASX : JAL	ASX : JAL
Share Price (21 Mar 2012) A$0.39 Market Capitalisation A$60m Trading Range (12 month) A$0.07 to A$0.43 Cash A$8.0m Debt Nil
Capital Structure
Shares on Issue	155m
Options	9.5m
Milestone Shares (Dunlevy/Nexx)	22m
Directors Performance Shares	10.4m

Major Shareholders
Top 20 Shareholders	59%
Directors(Fully Diluted)	14%
Argyle Group	12%
Macquarie Bank Ltd	10%

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0.50 12,000
0.45
10,000
0.40
0.35
8,000
0.30
0.25 6,000
0.20
4,000
0.15
0.10
2,000
0.05
-
0
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12
Volume Close
Volume (000's)
Share Price (A$)
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Management ‐ Canadian Coal Executive

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David Fawcett – Non Executive Chairman

• Mining engineer with over 35 years coal experience in western Canada

• Proven track record for initiating and advancing new coal mine development

• Awarded the 2011 Canadian Institute of Mining, Metallurgy and Petroleum’s Coal Award for his role in reviving the northeast British Columbia coal industry

Founder and President of Western Canadian Coal Corp

• Led the acquisition, exploration and early development of Perry Creek (2mtpa), and Brule (1mtpa)

• Western Canadian Coal Corp was taken over by Walter Energy Inc in 2011 for C$3.3 billion

Chief Operating Officer of Northern Energy and Mining Inc (NEMI)

• Advanced Trend (1mtpa) through exploration, regulatory and feasibility processes

Owner of Murray River Coal and Wapiti Coal Ltd

• Acquired large package of coal licenses in the Tumbler Ridge region

• Vended properties into Hillsborough Resources Limited

• With these metallurgical coal properties attracted Anglo Coal to NE BC which led to development of Peace River Coal

Senior Vice President of Hillsborough Resources Limited

• Instrumental in the development of several coal projects in the Peace River Coal Fields

• Hillsborough was taken over by Vitol Energy in 2009

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Highly Experienced Management Team

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Canada ‐ Operations

Art Palm – Executive Director Operations

• Mining engineer with 35 years of experience

• General Manager/Mine Manager of 5 producing underground coal mines in North America

• Extensive experience designing and managing mines (surface and underground) and coal preparation plants

• Lead consultant in the feasibility and construction of BHP Billiton’s San Juan Underground Mine in New Mexico

Roger Berdusco – Environmental and Permitting

• Over 35 years experience in coal mine management and consulting focused on environmental, permitting, regulatory, aboriginal, and community affairs including over 30 years at Teck Resources and its predecessor mines in the Elk Valley

• Directed corporate, environmental and aboriginal affairs for all 6 of Teck’s coal mines in Alberta and British Columbia

• Established track record in dealing with Ministry of Mines, environmental mitigation, community issues and permitting

– AUSTRALIA Corporate

John Holmes – Managing Director

• Geologist with over 22 years of experience in the mineral exploration sector throughout Australasia including project management roles with some of Australia’s leading resource companies

• Founding Director of Jameson Resources Ltd with significant commercial and technical experience in the thermal and metallurgical coal sector in Western Canada

David Prentice – Non‐Executive Director

Jeff Bennett – Non‐Executive Director

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Overview of Projects

All projects close to infrastructure in coking coal fields responsible for Canada’s metallurgical coal exports

Crown Mountain Project

• 90% interest in Project

• Located in the Elk Valley coal field

• and close to some of Canada’s major operating HCC mines

Dunlevy and Nexx Projects

• 100% of Dunlevy and Nexx Projects

• (Graham River, Peace Reach and Carbon East)

Located in the Peace River coal field  and along strike from several operating HCC/PCI coal mines

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Crown Mountain Project – Strategic Location

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Located in the Elk Valley, British Columbia’s  most prolific coking coal field

90% Interest in Project with option to  acquire remaining 10% for C$2m

 2,385 hectares of prospective ground

Line Creek and Elkview HCC coal mines  within 15km of Crown Mountain

Project is 15km by road from the main rail  line connecting to deep water coal ports

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Crown Mountain Project – Exploration Status

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Targeting coking coal seams amenable to open pit  mining

Historical mapping and drilling has outlined  multiple coal seams ranging in thickness up to 7.5m

• Down hole geophysics show the seams appear to

• correlate with the No. 8, No.9 and No. 10 seams at Line Creek

• Drilling program to include up to 33 holes

 Exploration to commence July 2012

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Crown Mountain Project – Cross Sections

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Crown Mountain North
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South Extension
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View North
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Crown Mountain North
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Seam 8
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Dunlevy & Nexx Projects

100% ownership of Dunlevy and Nexx projects (Carbon East, Peace Reach,  Graham river) with metallurgical coal potential within the Peace River coal field Coal license applications cover 46,000  hectares of prospective ground

90km away from the main rail line  connecting to the 3 deep water coal ports

Projects along strike with 4 operating coal  mines and a number of resource projects under development

High level of corporate activity within  Peace River coal field in past 12 months – Walter Energy, Xstrata, Anglo Coal, Cardero

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Recent M&A activity in Peace River coal field

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Dunlevy Project – Exploration Status

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Construction of forestry roads has  exposed multiple coal seams up to 3.5m

Exploration to date has included field  reconnaissance and trenching in 2009, and geological mapping in 2011

Coal measures in the southern half of the project occur in a gently dipping syncline  with the western limb extending over some 10km x 4km

Coal interpreted to be north extension of  the coal bearing Gething Formation

Staged drilling program with the first  phase to include up to 20 holes

Drilling to commence on receipt of regulatory approvals



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Dunlevy Project – Geology

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Dunlevy – view to north
Dunlevy South
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Carbon East Project – Coal Outcrops

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View to north west
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Key Milestones ‐ 2012

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 Regulatory approvals for exploration programs

 Drilling and coring programs with coal quality test work ‐ Crown Mountain

 Drilling and coring programs with coal quality test work ‐ Dunlevy

 Geological mapping and reconnaissance – Carbon East, Peace Reach, Graham River

 Resource estimation

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Summary

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 Canada

• Exploring for Metallurgical Coal

Crown Mountain

 Projects

• Management Team

Dunlevy

• Opportunities

Dunlevy

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Level 2, 79 Hay Street Subiaco, WA +61 (8) 9200 4473

Suite 800, 1199 West Hastings St Vancouver, BC V6E 3T5 +1 (604) 629‐8605

www.jamesonresources.com.au

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20

Competent Persons Statement

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Exploration or technical information in this presentation to which this statement is attached that relates to exploration results is based on information compiled by Mr John Holmes, who is a member of the Australian Institute of Geoscientists. Mr. Holmes is a full time employee of Jameson Resources Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Holmes consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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