Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (May 2024)
30 slides from Jameson Resources's investor presentation, May 6, 2024
Slide 1: Crown Mountain Project - A new era in steelmaking coal
Jameson Resources For personal use only Crown Mountain Project A new era in steelmaking coal Investor Update May 2024 1
Slide 2: Major regulatory milestone completed
Jameson Resources - a new era in steelmaking coal Crown Mountain Hard Coking Coal Project Major regulatory milestone completed For personal use only ✓ Formal Public Review of Project Environmental Impact Study/Environmental GREENHILL S Assessment Application completed ✓ More than 400 attendees at 5
Slide 3: The Right Project and a new way of doing business
Jameson Resources - a new era in steelmaking coal To develop new projects needs the Right Project and a new way of doing business! Jameson’s overarching goal is to create a positive legacy for a new era for steelmaking coal For personal use only ✓ The Right • Steel - the critical enabler of a low ca
Slide 4: About Jameson Resources
About Jameson Resources • Jameson is an ASX listed pure steelmaking coal Share Capital Sustainable developer ASX ticker JAL growth to • Primary focus is its flagship asset, the Crown For personal use only Share Price (30 Apr 2024) A$0.031 maximise Mountain Hard Coking Coal (HCC) Project • Actively c
Slide 5: Steel – the critical enabler of decarbonisation
Steel – the critical enabler of decarbonisation • Steel is essential for economic growth and the transition to a low carbon environment For personal use only • Critical for infrastructure development, including that required to support electrification and decarbonisation • Ideally suited to the circ
Slide 6: Steelmaking Coal – Unprecedented Demand and Diminishing Supply
Steelmaking Coal – Unprecedented Demand and Diminishing Supply Global Seaborne Steelmaking Coal Exports (2013-22) 400 Annual Exports (Mt) 300 For personal use only 200 100 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 CAN AUS RUS USA CHN Other Source: IEA 2023 Australian Steelmaking Coal
Slide 7: The Challenges for New Supply
The Challenges for New Supply While Crown Mountain continues to progress the regulatory approval process, many alternative development projects in Alberta or outside Canada have been abandoned, stalled or delayed by regulatory uncertainty and policy change Original Current Project Status Timing Timi
Slide 8: Right Product – Crown Mountain Hard Coking Coal
Crown Mountain – Right Product Crown Mountain Hard Coking Coal For personal use only • High CSR (Coke Strength after Reaction) • Low volatile matter (VM) • The Elk Valley and Queensland’s Bowen Basin are recognised by the world’s leading steelmakers as the preferred locations for supply of premium l
Slide 9: Right Country and Right Location
Crown Mountain – Right Country and Right Location TECK – Fording River Mine Greenfield Project - Brownfield Location For personal use only • Asian steelmakers are seeking secure supply from stable GREENHILLS locations TECK – Green Hills Mine • The Elk Valley mines have been operating for >40 years a
Slide 10: Right Location - Glencore Acquisition of Teck
Right Location - Glencore Acquisition of Teck • On 14 Nov 2023, Glencore announced that in partnership with Nippon Steel Canadian Steelmaking Coal Exports 2014-2023 and POSCO, it was acquiring Teck Resources’ Elk Valley Resources’ mines 40 for US$9 Billion 35 For personal use only 30 GREENHILLS • Ni
Slide 11: Right Project
Crown Mountain – Right Project • Shallow open pit development – North, East and South pits o Life of mine (LOM) 15 years For personal use only o Product mix: 86% HCC/14% PCI o Years 1-4: clean coal production: 2.3 Mtpa o LOM average clean coal production: 1.95 Mtpa o Years 1-5: clean coal strip rati
Slide 12: Right Project – Project Economics
Crown Mountain – Right Project • Bankable Feasibility Study completed in July 2020 by Stantec Consulting as Study Manager, with key contributors Sedgman Canada Limited (a member of CIMIC Group) and SRK Consulting (Opex and capex at +/-15% level of For personal use only accuracy) • Product Optimisati
Slide 13: Right Environment Strategy
Crown Mountain – Right Environment Strategy Crown Mountain has been designed to represent a new benchmark in environmental management. Key features: For personal use only • Shallow coal seams ensures less waste rock minimising total disturbance area • Cumulative Effects Assessment to ensure the Proj
Slide 14: Right Technology
Crown Mountain – Right Technology • Selenium and Nitrate runoff is a major legacy issue from historical and current mining activity in the Canadian Rockies • Crown Mountain is adopting a proactive bioremediation approach to mitigate and prevent potential Selenium runoff For personal use only • Mine
Slide 15: Right Partnerships
Crown Mountain – Right Partnerships The challenge of building new coal projects means For personal use only that projects can only be developed in partnerships with all stakeholders to maximise opportunities for mutual benefit and sustainable positive legacy. Jameson seeking to forge partnerships wi
Slide 16: Right Indigenous Engagement
Crown Mountain – Right Indigenous Engagement • Jameson is committed to the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIP) For personal use only • Crown Mountain is within ʔakanuxunik ʔamakʔis, the unceded ancestral lands of the Yaq̓it ʔa·knuqⱡi ‘it First Nation • Consistent
Slide 17: Right Decarbonisation Plan
Crown Mountain – Right Decarbonisation Plan • Crown Mountain coal seams are shallow, cleated and subcrop extensively. As a result, it is expected to have low fugitive methane For personal use only emissions similar to other Elk Valley resources • The Project location and design provides extensive op
Slide 18: Right Regulatory Process
Crown Mountain – Right Regulatory Process • The Crown Mountain Project is the only steelmaking coal development project in Canada that has reached the joint Federal and Provincial Review Phase overseen by the Impact Assessment For personal use only Agency of Canada (IAAC) and the British Columbia En
Slide 19: Development Timeline
Crown Mountain - Development Timeline Crown Mountain Coking Coal Project - Key Milestones • EA approval is critical path towards 2023 2024 2025 2026 2027 project development Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec For personal use only Qtr Qtr Qtr Qtr Qtr Qtr
Slide 20: The right project to meet demand for premium steelmaking coal
Jameson Resources - a new era in steelmaking coal Crown Mountain – the right project to meet demand for premium steelmaking coal ✓ The Right • Steel - the critical enabler of a low carbon future - infrastructure, renewables, electric vehicles For personal use only Commodity • Steelmaking coal - stro
Slide 21: Appendix - Crown Mountain Project Overview
For personal use only Appendix Crown Mountain Project Overview
Slide 22: World-class opencut Resources and Reserves
World-class opencut Resources and Reserves Crown Mountain Resources and Reserves • Coal Resources of 90.2Mt are well Measured & Measured, Indicated understood and defined RESOURCES (Mt) Measured Indicated Indicated Inferred & Inferred For personal use only • More than 70% of Resource is at Measured
Slide 23: Crown Mountain Reserves Geology
World-class opencut Crown Mountain Reserves Geology For personal use only Section A-A Section B-B Section C-C Section D-D Opportunity for extension of South Pit subject to further in-fill exploration 23
Slide 24: Mining and Production Mine Scheduling
MiningCrown andMountain Production Mine Scheduling Waste ROM Coal Strip Ratio Product Strip Ratio Pit MBcm Mt Bcm/t ROM Coal Mt Bcm/t Saleable For personal use only North & East 73.6 18.0 4.1 10.3 7.2 South 196.5 39.5 5.0 18.2 10.8 Total 270.1 57.5 4.7 28.5 9.5 • Mine scheduling sees mining start in
Slide 25: Hard Coking Coal – The Right Product
Crown Mountain Hard Coking Coal – The Right Product • There are two primary sources of premium low- Crown Mountain Crown Mountain Coking Coal volatile hard coking coal that are sought after For personal use only Product Specification North Blend South Blend by the world's leading steelmakers: • The
Slide 26: Coking Coal Quality – CSR and Volatile Matter
Coking Coal Quality – CSR and Volatile Matter • Crown Mountain Hard Coking Coal is: For personal use only o High CSR (Coke Strength after Reaction) o Low volatile matter (VM) • High CSR and low VM are critical coke- making characteristics that determine demand and relative market position for coking
Slide 27: Goal to be an ESG leader in Steelmaking Coal Developers
Jameson – goal to be an ESG leader in Steelmaking Coal Developers Planet People Prosperity Minimise Crown Mountain’s carbon footprint whilst Our people are central to achieving sustainable We are committed to being a valued community partner only ensuring economic outcomes are achieved. outcomes, th
Slide 28: Rail infrastructure
Rail infrastructure • Crown Mountain is located immediately adjacent to existing Canadian Pacific Railway line that is currently used by Teck’s For personal use only operations to rail coal for export via Vancouver • Access to the rail line is legislated via the Canadian Transportation Act and is th
Slide 29: Infrastructure – Port Capacity
Infrastructure – Port Capacity Westshore Terminals Exports 40 • The common user rail links the Elk Valley Coal Fields with three deep water ports on the west coast of British For personal use only 35 Columbia - Westshore, Ridley and Neptune 30 Coal Exports (Mt) 25 • Westshore Terminal, in Vancouver,
Slide 30: Disclaimer
Disclaimer DISCLAIMER For personal use only This presentation has been prepared by the Company based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision