Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (March 2025)
29 slides from Jameson Resources's investor presentation, Mar 10, 2025
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 March 2025 1
Slide 2: Contents
Jameson Resources - a new era in steelmaking coal Contents For personal use only 1. Crown Mountain – 2024 CY Highlights GREENHILLS • EA/EIS Technical Review • Design changes to reduce project risks 2. Crown Mountain – 2025 Milestones • Resubmission of revised EA/EIS • Indigenous Engagement • BFS Upd
Slide 3: 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 (28 Feb 2025) A$0.04 maximise Mountain Hard Coking Coal (HCC) Project • Actively co
Slide 4: 2024 Calendar Year Highlights
2024 Calendar Year Highlights MAJOR REGULATORY MILESTONES COMPLETED For personal use only ✓ Formal Public Review of Project Environmental GREENHILLSImpact Study/Environmental Assessment Application (EIS/EA) completed ✓ More than 400 attendees at 5 public meetings throughout the Elk Valley ✓ Substant
Slide 5: Crown Mountain - Project Optimisation Opportunities
Crown Mountain - Project Optimisation Opportunities During Technical Review engagement, Jameson has identified design options to enhance the Project’s environmental sustainability and further reduce regulatory risk For personal use only GREENHILLS 1. Alternate Rail Loadout location o In conjunction
Slide 6: 2025 Milestone Schedule – EIS/EA process
2025 Milestone Schedule – EIS/EA process Environmental Assessment Process Milestones For personal use only • Continued engagement with Indigenous Nations in relation toS Information GREENHILL Ongoing Requests and revised EA/EIS • Completion of updated air modelling and other technical studies End Ma
Slide 7: 2025 Milestone Schedule – Project Development
2025 Milestone Schedule – Project Development Project Development Milestones For personal use only ✓ Progress long term partnership agreements with keyGREENHILL Indigenous S Ongoing Nations ✓ Update to Project Reserve Statement Mar-25 ✓ Completion of Energy Efficiency Study with BC Hydro Apr-25 ✓ En
Slide 8: Jameson Resources – Right Team and Right Engagement
Jameson Resources – Right Team and Right Engagement • On 11 Feb 24, Jameson Non-Executive Director Mike McDonald KC was announced as the winner of the 2025 Indigenous Business Lifetime For personal use only Achievement award by the Canadian Council for Indigenous Business (CCIB) • This major nation-
Slide 9: Development Timeline - Crown Mountain HCC Project
Development Timeline - Crown Mountain HCC Project Crown Mountain Coking Coal Project - Key Milestones • EA approval is critical path towards 2024 2025 2026 2027 2028 development of the Project For personal use only Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Qtr Q
Slide 10: Steelmaking Coal – Increasing Demand and Diminishing Supply
Steelmaking Coal – Increasing Demand and Diminishing Supply The Supply Challenge Global supply and demand for seaborne steelmaking coal • Wood Mackenzie forecast shortfall of supply of seaborne For personal use only steelmaking coal of 74Mt per annum by 2040, which is a shortfall equivalent to: • 45
Slide 11: Steelmaking Coal – Global Consolidation
Steelmaking Coal – Global Consolidation • Due to the lack of new supply, major miners are seeking growth through consolidation • In 2024, there was >US$20 billion in M&A activity in the steelmaking coal sector with increasing project valuations and implied long term pricing forecasts For personal us
Slide 12: Steelmaking Coal – Increasing Government and Community Support
Steelmaking Coal – Increasing Government and Community Support During 2024 and early 2025, there has been increasing Government and community support for the resource sector and in particular steelmaking coal in Canada A. Community For personal use only • In Nov-24, the Municipality of Crowsnest Pas
Slide 13: Government Support – Canadian response to Trump tariffs
Government Support – Canadian response to Trump tariffs • In response to the threat of 25% tariffs by the USA, the British Columbia Government has announced a detailed program to protect the Provincial economy • More than 95% of Canadian Steelmaking Coal is exported to Asian markets and none to the
Slide 14: Crown Mountain – 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 15: Appendix: Crown Mountain Project Overview
For personal use only Appendix Crown Mountain Project Overview
Slide 16: 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 16
Slide 17: 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 18: Crown Mountain 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 19: 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 20: 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 21: Crown Mountain – Right Product
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 22: Crown Mountain – Right Country and Right Location
Crown Mountain – Right Country and Right Location Greenfield Project - Brownfield Location EVR – Fording River Mine • Asian steelmakers are seeking secure supply from stable For personal use only locations GREENHILL S • The Elk Valley mines have been operating for >40 years and EVR – Green Hills Min
Slide 23: Crown Mountain – 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 24: Crown Mountain – 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: Crown Mountain – 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 26: Crown Mountain – 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 27: Crown Mountain – 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 28: Crown Mountain – 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 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
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