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JAMESON RESOURCES LIMITED — Major Shareholding Notification 2017
Aug 14, 2017
65152_rns_2017-08-14_bc67f1af-372b-4e47-821a-465cf8b3c23f.pdf
Major Shareholding Notification
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15 AUGUST 2017
| Fast Facts | ASX: JAL |
|---|---|
| Share Price Range (6mths)Shares on Issue | $0.08 - $0.11250,625,018 |
| Market Capitalisation | ~$23M |
| Major Shareholders(as at 14 AUGUST 2017) | |
| AustralianSuper | 9.6% |
| Acorn Capital Limited | 7.1% |
| Hillboi Nominees | 5.6% |
Directors & Management
Art Palm (Chairman & CEO) Steve van Barneveld (Non Executive Director) Joel Nicholls (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
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✓ Modern rail and port facilities
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✓ Strong financial position
Newsflow / Catalysts
Overview
Crown PFS update Complete Complete Crown EA pre-app Q4 2017 Off-take and JV discussions ongoing
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
Applications Submitted For Additional Coal Exploration Licenses at Crown Mountain
Highlights
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Jameson has applied for a total of four (4) additional coal exploration licenses.
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The applications encompass an area of 4,505 hectares, greater than Crown Mountain’s existing 6 granted licenses of 3,563 hectares.
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The new applications are adjacent to Crown Mountain’s existing tenure.
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The applications are speculative in nature: Jameson does not possess any previous exploration data, and is not aware of any documented compliant coal resources in the subject area.
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Geological field evaluation is expected to commence post-approval. Any further exploration is dependent on that work.
Jameson Resources (“Jameson”, the “Company”) recently filed four (4) applications for coal exploration licenses at its Crown Mountain Coking Coal project (“Crown Mountain”, the “Project”).
The applications comprise an area of 4,505 hectares adjacent to Crown Mountain, including the proposed transportation route. Table 1 contains a summary of granted licenses and the new applications.
Provincial review, including the referral process, is expected to take several months before a decision is reached on issuance.
Jameson expects to commence geologic field evaluation of the application areas post-approval by the province. Further exploration is dependent on the results of that evaluation.
Although the application area is adjacent to Crown Mountain (see Figure 1), it is outside the currently known coal deposit area, and should thus be considered speculative at this time. The Company is not aware of any compliant resources in the area, and is not in possession of any historical exploration data.
On Behalf of the Board of Directors,
Art Palm Chairman & Chief Executive Officer
Canada
Suite 800, 1199 West Hastings, Vancouver P +1 (604) 629-8605
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| Name | LicenseNumber | Status | Area (Ha) | Rent(CAD) |
|---|---|---|---|---|
| North Block | 418150 | Granted | 334 | $3,340 |
| South Block | 418151 | Granted | 1,001 | $10,010 |
| West Crown | 418153 | Granted | 251 | $2,510 |
| Southern Extension | 418154 | Granted | 835 | $8,350 |
| Crown East | 418152 | Granted | 167 | $1,670 |
| Northwest Extension | 418430 | Granted | 974 | $6,818 |
| SUBTOTAL – Granted | 3,563 | $32,698 | ||
| Northern Extension | 419177 | Application | 765 | $5,355 |
| Grave Creek | 419176 | Application | 1,360 | $9,520 |
| Alexander Creek | 419178 | Application | 680 | $4,760 |
| Grave Prairie | 419179 | Application | 1,700 | $11,900 |
| SUBTOTAL – Applications | 4,505 | $31,535 | ||
| TOTAL | 8,068 | $64,233 |
Table 1: Crown Mountain Coal License Summary Table
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Figure 1: Crown Mountain Coal Licenses
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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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