Jameson Resources Limited · ASX:JAL
Jameson Resources — Shareholder Meeting (November 2025)
34 slides from Jameson Resources's shareholder meeting presentation, Nov 25, 2025
Slide 1: Annual General Meeting 2025 Addresses
ASX RELEASE Annual General Meeting 2025 Addresses 25 November 2025 Jameson Resources Limited (JAL:ASX) | Annual General Meeting 2025 Addresses In accordance with Listing Rule 3.13.13, attached is a copy of the address to be delivered at the Annual General Meeting of Jameson Resources Limited (ASX: J
Slide 2: Annual General Meeting 25 November 2025
Jameson Resources Annual General Meeting 25 November 2025 Jameson RESOURCES LUatTED
Slide 3: Welcome to Jameson's AGM
Welcome to Jameson’s AGM Please log into Automic, the Company's share register manager to vote at the meeting How do I create an account with Automic? To create an account with Automic: 1. Please visit Automic’s website (https: //investor.automic.com.au/#/home) 2. Click on REGISTER and follow the st
Slide 4: Welcome to Jameson's AGM
Jamesor Welcome to Jameson’s AGM 25 November 2025 Nicole Hollows Good morning Ladies and Gentlemen, my name is Nicole Hollows and | am the Chairman of Jameson Resources Limited. | will chair today’s Annual General Meeting. 1 would like to begin by acknowledging the traditional owners of the lands on
Slide 5: Welcome and Introductions
Welcome and Introductions Nicole Hollows Michael Gray Mike Macdonald Steven van Barneveld Non Executive Chairman Managing Director Non-Executive Director Non-Executive Director a | ‘BEE | would like to introduce the Directors of Jameson. The full details of their background and experience are includ
Slide 6: Agenda
Agenda Welcome and Introductions — Nicole Hollows How to Vote - Nicole Hollows How to ask a Question — Nicole Hollows Chairman's address — Nicole Hollows Managing Director's Address - Michael Gray Formal Business — Nicole Hollows “OY RYN Close - Nicole Hollows Jameson Before beginning the formal bus
Slide 7: Online Attendees — How to Vote
Online Attendees — How to Vote You must be logged inte Automic, the Company’s share register manager to vote at the meeting How do | create an account with Automic? _|_have an account with Automic, what are the next steps? To access the virtual meeting: To create an account with Automic: 1. Please v
Slide 8: Online Attendees — How to Vote
Online Attendees — How to Vote You must be logged into Automic, the Company's share register manager, to vote at the meeting STEP1 When the Chairman declares the meeting open, select REFRESH. ==> . > STEP 2 eo * All 6 resolutions will now be displayed. The Chairman will provide instructions on when
Slide 9: Online Attendees — How to ask a Question
Online Attendees — How to ask a Question The Chairman will ask for questions during each item of business. To aska question: 1. Type your question into the Q&A box. Click SEND.... 2. Your question will be sent immediately for review 3, The Chairman will respond to questions at relevant times during
Slide 10: Chairman's Address
= t v4 bd : Chairman’s Address Nicole Hollows
Slide 11: Chairman's Address
Chairman’s Address Jameson is an ASX listed pure steelmaking coal developer Primary focus is its flagship asset, the Crown Mountain ASX ticker JAL Hard Coking Coat (HCC) Project and progressing the EAA/EIS approval Share Price (19 Nov 2025) A$0.073 Targeted EAA/EIS approval Dec 2026 Shares Outstandi
Slide 12: Coal industry challenges and long term demand for steelmaking coal
The coal industry is currently facing a number of challenges with current market conditions and other greenfield coal developments continue to have approval delays and challenges. However, there is long term robust demand for steelmaking coal and the challenges for current and future supply, support
Slide 13: Managing Director's Presentation
Managing Director’s Presentation Michael Gray Shareholders — it is a pleasure to provide an overview of the progress that the Company has made in the last twelve months. It has been a year of challenges for development projects in all jurisdictions but I’m pleased to report that despite those challe
Slide 14: Project Milestones and 2025 Year in Review
25/11/2025 ject Mi Year in Revi Grown Project Milestones and 2025 Year in heview Mountain Project Milestones Completed Pre-Feasibility Study completed and of Envi al nt {EA) process 2015 VS + Extensive environmentalassessment and data collection 2016-2020 + Detaited and coal quality ment vy + Bankab
Slide 15: 2025 achievements and capital raise discussions
projects is difficult. The Company is in discussion with strategic investors and hopes to finalise a capital raise in coming weeks and will keep shareholders updated on progress. In terms of achievements for 2025, a number of major milestones were either finalised or significantly advanced. These in
Slide 16: 2025 Feasibility Update - Positive Economic Outcomes
2025 Feasibility Update - Positive Economic Outcomes NPV Changes - Feasibility Update May 2025 (Post-tex NPV - discount rate 1056) 00 aa — 533 = “ Updated Feasibility Study - May 2025 7 ee * Spisscon Study 2021 NPVOr z . = i i us$276m E Ee EE * Increased capital and operating costs for inflation and
Slide 17: Crown Mountain - cost competitive against major global producers
Crown Mountain - cost competitive against major global producers Production Cost - Major Steelmaking Coal Producers 100 Preduction Cost FOB - USD/tonne Competitive LOM Average FOB Production Cost at US$102.79/tonne due to low strip ratio and lower Canadian tabour and royalty costs compared to Austra
Slide 18: 2026 Project Target Milestones toward Development
2026 Project Target Milestones toward Development Dec 2025 Confirmation of Fish Habitat Offset Strategy with Fisheries and Oceans Canada Crown Mountain Mar Qtr 2026 Mar Qty 2026 Jun Qtr 2026 Jun Qtr 2026 Sep Qtr 2026 End Dec 2026 Resubmission of keychapters of EA/EIS with responses to Information Re
Slide 19: Ongoing engagement with Indigenous Nations
ongoing engagement with Indigenous Nations. * That major milestone would enable the project to progress to the permitting stage and for the Company to engage with customers and investors regarding project funding opportunities. 15
Slide 20: Jameson Resources - a new era in steelmaking coal
25/11/2025 Jameson Resources -~ anew era in steelmaking coal Crown Mountain - the right project to meet demand for premium steelmaking coal The Right s = Steel-the critical enabler of a low carbon future - infrastructure, renewables, electric vehicles Steelmaking coal - strong long term price foreca
Slide 21: Opportunity to progress Crown Mountain toward development
the lack of premium advanced projects position the company for substantial opportunity to progress Crown Mountain toward development with a substantial benefit of shareholders. We look forward to continued engagement with Indigenous nations, community and regulators to respond to Information Request
Slide 22: Formal matters and Resolutions
Formal matters and Resolutions 17
Slide 23: Formal Business
Formal Business Resolution 1 “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Directors’ Report for the financial year ended 30 June 2025.” ~— Resolution2 Resolution3 7 Res
Slide 24: Resolution 1 Adoption of Remuneration Report
Resolution 1 | Adoption of Remuneration Report To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of
Slide 25: Resolution 2 Re-election of Director — Mr Steve van Barneveld
Resolution 2 | Re-election of Director — Mr Steve van Barneveld To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purpose of clause 13.2 of the Constitution, Listing Rule 14.4 and for all other purposes, Mr Steve v
Slide 26: Resolution 3 Renewal of Employee Incentive Plan Approval
Resolution 3 | Renewal of Shareholder Approval of Employee Incentive Plan To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That, for the purposes of Listing Rule 7.2 Exception 13(b) and for all other purposes, Shareholders appr
Slide 27: Resolution 4 Grant of Long Term Incentive Options
Resolution 4 | Grant of Long Term Incentive Options to a nominee of Mr Michael Gray To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.14 and for all other purposes, approval is given for
Slide 28: Cast your vote via the voting platform
business, please now cast your vote via the voting platform. <PAUSE> 22
Slide 29: Resolution 5 Approval of Listing Rule 7.1A Mandate
Resolution 5 | Approval of Listing Rule 7.1A Mandate To consider and, if thought fit, to pass, with or without amendment, the following resolution as a special resolution: “That, for the purpose of Listing Rule 7.1A and for all other purposes, approval is given for the issue of Equity Securities tot
Slide 30: Resolution 6 Renewal of Proportional Takeover Provisions
Resolution 6 | Renewal of Proportional Takeover Provisions in the Constitution To consider and, if thought fit, to pass, with or without amendment, the following resolution as special resolution: "That, for the purpose of 648G of the Corporations Act and for all other purposes, the proportional take
Slide 31: Pause
<PAUSE> 24
Slide 32: Online Attendees — finalisation of voting process
Online Attendees — finalisation of voting process You must be logged into Automic, the Company's share register manager to vote at the meeting 1. Voting on all items of formal business will now close 2. Select NEXT to submit your vote for all resolutions 3. On the next screen, check your vote is cor
Slide 33: Close of polls
Thank you Automic, please close the polls. Results of the polls held at today’s meeting will be released to the ASX after the meeting. 25
Slide 34: Close - Thank you
l Close THANK YOU ae ee Is there any other business that can lawfully be brought forward? Ladies and gentlemen, as there is no further business, this draws today’s meeting to a close. On behalf of the board, | thank you for your virtual attendance, and for your continuing interest in the company. 26
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