Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (October 2023)
29 slides from Jameson Resources's investor presentation, Oct 13, 2023
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 Presentation Oct 2023 1
Slide 2: About Jameson Resources
About Jameson Resources • Jameson is an ASX listed pure steelmaking coal Share Capital Sustainable developer ASX ticker JAL growth to • For personal use only Primary focus is its flagship asset, the Crown Share Price (6 Oct 2023) A$0.051 maximise Mountain Hard Coking Coal (HCC) Project • Actively co
Slide 3: Steel – essential for growth and decarbonisation
Steel – essential for growth and decarbonisation Global Metal Production 2022 Steel is essential for economic growth and the transition 2,000 1,898 to a low carbon environment For personal use only 1,800 • Essential for continued urbanisation and lifting 1,600 global living standards 1,400 • Enables
Slide 4: Steel – the critical enabler of decarbonisation
Steel – the critical enabler of decarbonisation • Steel will be the foundation on which the For personal use only transition to a lower carbon future will be built given all decarbonisation technologies create substantial increased demand for materials • While focus has been on copper and battery mi
Slide 5: Steel – production
Steel – production The current global average • Blast Furnace technology is responsible for more than age of blast furnaces is 14 For personal use only 70% of global steel production (and more than 75% of years of a typical useful Asian steel production, the fastest growing region) life of 40-50 yea
Slide 6: Right Product - Steelmaking Coal
Right Product - Steelmaking Coal Unprecedented Demand and Diminishing Supply Global Seaborne Steelmaking Coal Exports (2013-22) • Over the last 2 years, global prices have been at unprecedented levels For personal use only 400 and forward curves indicate long run HCC Price of >USD200/tonne Annual Ex
Slide 7: Right Product - The challenges of new supply
Right Product - The challenges of new supply Despite these challenges, there is a clear demand Development of new steelmaking coal supply is increasingly for new projects to replace depleting production. For personal use only difficult due to: • regulatory and Government policy uncertainty The criti
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 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 10: 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 11: 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 12: 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 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 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 very low fugitive For personal use only methane emissions similar to other Elk Valley resources • The Project location and design provides extensiv
Slide 15: Right Regulatory Process
Crown Mountain – Right Regulatory Process • Crown Mountain Project is the most advanced project undergoing joint assessment by the Impact Assessment Agency of Canada (IAAC) and the British Columbia Environmental For personal use only Assessment Office (EAO) • Comprehensive Environmental Assessment (
Slide 16: Development Timeline
Crown Mountain - Development Timeline Crown Mountain Coking Coal Project - Key Milestones • EA approval is critical path towards project development For personal use only 2023 2024 2025 2026 2027 Mar Jun Qtr Sep Dec Mar Jun Qtr Sep Dec Mar Jun Qtr Sep Dec Mar Jun Qtr Sep Dec Mar Jun Qtr Sep Dec • EA
Slide 17: Crown Mountain - a new era in steelmaking coal
Jameson Resources Crown Mountain - a new era in steelmaking coal • Steel: the critical enabler of a low carbon future - infrastructure, renewables, electric vehicles • Steelmaking coal: unprecedented record prices due to declining production and lack of advanced The Right greenfield projects For per
Slide 18: Appendix: Crown Mountain Project Overview
For personal use only Appendix Crown Mountain Project Overview
Slide 19: Crown Mountain 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 North Blo
Slide 20: 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 20
Slide 21: Crown Mountain Mining and Production Mine Scheduling
Mining andMountain Crown 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 i
Slide 22: Hard Coking Coal – The Right Product
Crown Mountain Hard Coking Coal – The Right Product • There are two primary sources of premium Crown Mountain Crown Mountain Coking Coal low-volatile hard coking coal that are For personal use only Product Specification North Blend South Blend sought after by the world's leading steelmakers: Total M
Slide 23: 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 24: 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 25: Right Partnerships
Crown Mountain – Right Partnerships The challenge of building new coal projects For personal use only means 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 26: Jameson – 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 only ensuring economic outcomes are achieved. For personal use Obj
Slide 27: Rail infrastructure
Rail infrastructure • Crown Mountain is located immediately adjacent to existing For personal use only Canadian Pacific Railway line that is currently used by Teck’s operations to rail coal for export via Vancouver • Access to the rail line is legislated via the Canadian Transportation Act and is th
Slide 28: 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 For personal use only 35 British Columbia - Westshore, Ridley and Neptune 30 Coal Exports (Mt) 25 • Westshore Terminal, in Vancouver,
Slide 29: 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
Jameson Resources — Investor Presentation (October 2023) on 6ix