Jameson Resources Limited · ASX:JAL
Jameson Resources — Shareholder Meeting (November 2015)
32 slides from Jameson Resources's shareholder meeting presentation, Nov 12, 2015
Slide 1: Investor Presentation November 2015
For personal use only INVESTOR PRESENTATION November 2015
Slide 2: Topics
Topics For personal use only • Jameson’s coal project portfolio • Management team • Crown Mountain Coking Coal Project • Brief review of the 2014 Prefeasibility Study (PFS) • Upsides to the PFS • Environmental Assessment (EA) permitting activities • Financials • Conclusion and Looking Forward 2
Slide 3: Canadian Coal Assets
Canadian Coal Assets For personal use only • NWP Coal Canada Limited and Dunlevy Energy, wholly owned by Jameson, hold all of Jameson’s assets in Canada. • The Canadian assets include: – Crown Mountain Coking Coal Project: Located in southeast BC and 90% owned. The flagship project of the company. –
Slide 4: Highly Experienced Management Team
Highly Experienced Management Team only Art Palm – Chief Executive Officer and Chairman useCANADA • Mining engineer with 40 years of experience • Engineering, Operations & Executive positions at major US coal producers • Extensive experience designing and managing mines (surface and underground) and
Slide 5: Crown Mountain
Crown Mountain For personal use only • The Elk Valley and Crowsnest coal fields offer compelling global opportunities for development of a coking coal project • Teck is a major seaborne supplier of metallurgical coal, from its mines in the Elk Valley and Crowsnest coal fields • Attractive operating
Slide 6: Exploration
For personal use only EXPLORATION 6
Slide 7: North Block Geology
For personal use only NORTH BLOCK GEOLOGY 7
Slide 8: South Block Geology
For personal use only SOUTH BLOCK GEOLOGY 8
Slide 9: Pre-Feasibility Study PFS
Pre-Feasibility Study PFS For personal use only • Commissioned by Jameson after 2013’s positive PEA and completion of a successful coal exploration program during summer 2013. • Executed by Norwest Corporation of Calgary, Alberta, Canada. • Focused only on the Measured and Indicated resources identi
Slide 10: Crown Mountain Resources and Reserves
Crown Mountain Resources and Reserves For personal use only • The resource base at Crown RESOURCE AREA Measured Indicated Measured & Inferred Measured, Mountain was revised upward (Mt) (Mt) Indicated (Mt) Indicated & in March 2014 after the 2013 (Mt) Inferred (Mt) summer drilling program’s results w
Slide 11: Crown Mountain Coal Quality
Crown Mountain Coal Quality For personal use only Crown Mountain Coking Coal1 Canadian Canadian Central NEBC SEBC North and South Alberta2 HCC2 HCC2 East Blocks Block Total Moisture (% as received) 8-9 8-9 8-9 8-9 8-9 Volatile Matter (% dry) 20.5 18 23 - 24.5 21 - 27 17 - 27 Ash Content (% dry) 9 9
Slide 12: Crown Mountain PFS - Capital
Crown Mountain PFS - Capital For personal use only Pre-Production Capital US$ Major Mobile Equipment 108.1 Minor Mobile Equipment 8.3 Wash Plant 57.8 Infrastructure (rail load-out, roads, overland conveyor, power, offices, shop etc) and permitting 93.7 Pre-Strip 40.9 SUBTOTAL – CAPITAL 308.8 Conting
Slide 13: Crown Mountain PFS – Operating Cost
Crown Mountain PFS – Operating Cost For personal use only Cost Category Cost Per Clean Tonne Life-Of-Mine (US$) Waste Removal 41.41 Coal Mining 8.00 Plant 8.66 Clean Coal Handling 2.61 Reclamation 1.24 Marketing/Corporate 1.24 Administration 5.02 Total Costs – Site 68.18 Rail and Port Costs 32.20 To
Slide 14: Crown Mountain – PFS Highlights
Crown Mountain – PFS Highlights For personal use only • Annual clean coal production/sales of 1.7 million tonnes. • Total start-up capital of $339 million, of which a significant portion is appropriate for leasing. • Total employment ranges between 250 – 300 persons over life of mine. • Mine life is
Slide 15: Crown Mountain – Post-PFS Activity
Crown Mountain – Post-PFS Activity For personal use only • The declining CAD:USD exchange rate (0.76 today vs 0.92 in PFS) results in FOB costs of US$73.22/tonne during the initial 4 years of operation, and US$82.92 life-of-mine (compared to the PFS’ US$88.64 and US$100.38 respectively). This does n
Slide 16: Project Components and Activities
Project Components and Activities For personal use only • Surface extraction areas; • Waste management areas (includes waste rock and tailings, as well as associated diversion ditches, ponds, and access roads); • Plant area (including shops, offices, and run-of-mine stockpile); • Clean coal transpor
Slide 17: Project Facilities
For personal use only PROJECT FACILITIES 17
Slide 18: Environmental Baseline Studies
Environmental Baseline Studies For personal use only Extensive environmental baseline studies completed to date and are ongoing. • Surface water • Hydrology • Groundwater • Geochemistry • Meteorology • Terrestrial Habitat (wildlife, TEM, plants) • Fish and Fish Habitat 18
Slide 19: Terrestrial and Wildlife Resources
Terrestrial and Wildlife Resources For personal use only • Terrestrial landscapes and ecosystems • Sensitive plant species and communities • Culturally significant plants • Wildlife and wildlife habitat 19
Slide 20: Terrestrial Resource Study Areas
Terrestrial Resource Study Areas For personal use only 20
Slide 21: Terrestrial Resource Study Areas
Terrestrial Resource Study Areas For personal use only 21
Slide 22: Physical and Aquatic Resources
Physical and Aquatic Resources For personal use only • Air quality/GHG emissions/Noise • Groundwater quantity and quality • Geology and geochemistry • Surface hydrology • Surface water quality • Aquatic health • Fish and fish habitat 22
Slide 23: Heritage, Land Use and Health Components
Heritage, Land Use and Health Components For personal use only • Heritage and archaeological resources • Land use and access • Recreation and tourism • Visual quality • Human health and terrestrial risk assessment
Slide 24: Social and Economic Components
Social and Economic Components For personal use only • Economic conditions • Housing, community services and infrastructure • Community health and well-being
Slide 25: EA Progress To-Date
EA Progress To-Date For personal use only Key Milestones Achieved: Oct 2014: Project Description Submitted Nov 2014: Section 10 Order Received Jun 2015: Section 11 Order Received Oct 2015: Initial Working Group Meeting
Slide 26: EA Timing
EA Timing For personal use only Pending Activities (estimated dates): Q4 2015: Finish Valued Components Q1 2016: Public Comment Q2 2016: Application Info Requirements Q2 2016: Perform gap analysis Q2/3 2016: Collect additional data TBD: Submit Application
Slide 27: Summary – Crown Mountain
Summary – Crown Mountain For personal use only • Crown Mountain is an attractive project with considerable upside potential • Capital and opex reductions are being explored • The EA process is well underway • The next several months of EA activity are clearly defined and will be pursued aggressively
Slide 28: Conservation of Cash
Conservation of Cash: For personal use only • The Board has been reduced in size to 3 Directors: One Executive (also Acting Chairman) and 2 Non-Executive. There is 1 full-time employee (Executive Director) • All Directors have taken, and continue to take, voluntary pay cuts. • Travel is confined pri
Slide 29: Financial Snap Shot
Financial Snap Shot For personal use only Share Capital Price Volume Chart Share Price (November 3, 2015) A$0.037 Shares Outstanding 209m Jameson Resources Limited Price vs Volume 0.06 1400 Market Capitalisation A$8m Volume 0.05 1200 Trading Range (6 month) A$0.04 to A$0.05 Close 1000 0.04 Price A$
Slide 30: Summary
Summary For personal use only POSITIONED IN WORLD CLASS Jameson is a pure coking coal Company with its flagship project, Crown Mountain, METALLURGICAL FIELDS located within Canada’s prolific Elk Valley coal field. Crown Mountain is proximal to a road network and an extensive rail system linking to P
Slide 31: Disclaimer
Disclaimer For personal use only 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 atta
Slide 32: Competent Persons Statements
Competent Persons Statements For personal use only Competent Person Statements Mineral Reserves and Pre Feasibility Study Results The information in this presentation relating to the Mineral Reserve Estimate and Pre Feasibility Study Results of the Company’s Crown Mountain Coal Project are extracted
Jameson Resources — Shareholder Meeting (November 2015) on 6ix