Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (December 2009)
22 slides from Jameson Resources's investor presentation, Dec 24, 2009
Slide 1: Investor Presentation December 2009
For personal use only Investor Presentation December 2009
Slide 2: Disclaimer
Disclaimer This document Thi d t has h been b preparedd as a summary only,l anddddoes nott contain t i allll information i f ti about b t ththe Company’s C ’ assets t and d liabilities, li biliti financial fi i l For personal use only position and performance, profits and losses, prospects and the r
Slide 3: Emerging Coal Producer
Emerging Coal Producer For personal use only “Jameson Resources ‐ The next Western Canadian coal producer……..” “Exporting high quality thermal coal to meet growing Asian demand” December 2009 3
Slide 4: Corporate Information
Corporate Information For personal use only Capital Structure Corporate Structure Shares on Issue 62.7m Jameson Resources Ltd Unlisted Options (30/04/2010, 30/11/2010) 18.6m Current Share Price A$0.35 NWPC Coal Canada Ltd (100%) 0.70 2500 Market Capitalisation A$28m 0.60 2000 Dailly Volume ('000s) S
Slide 5: Board and Management
Board and Management For personal use only Mr Jeff Bennett Non Executive Chairman Mr John Holmes Executive Director M Art Mr A t Palm P l N EExecutive Non ti Director Di t Mr David Prentice Non Executive Director Mr Stephen Anastos Non Executive Director December 2009 5
Slide 6: Video Presentation
Video Presentation For personal use only December 2009 6
Slide 7: Mine Location
Mine Location For personal use only December 2009 7
Slide 8: Basin Coal Mine – Brownfields Opportunity
Basin Coal Mine – Brownfields Opportunity For personal use only Underground g miningg 1916 – 1940 Compliance Energy Corporation trial mining from 2002 Some existing production infrastructure December 2009 8
Slide 9: Feasibility Study
Feasibility Study Feasibility study on expanded mine case at optimised level of For personal use only production Likely start up production target of between 500,000tpa and 1Mtpa (1) Preliminary estimates support cash operating margin of approximately $US20 per tonne based on 2010 futures cont
Slide 10: Resource
Resource NI 43‐101 Resource Table For personal use only (2009 – Resource Eye) Measured M d / Indicated I di d 87 mt Resources I f Inferred d Resources R 36 mtt Total Resources 123 mt Combined Seam Thickness 24 m Resource Strike 3.1km December 2009 10
Slide 11: Export Quality Thermal Coal
Export Quality Thermal Coal For personal use only Indicative Clean Coal Quality (as (as‐received) received) High Volatile Bituminous C ‐ Coal Type Thermal Calorific Value (a.d.b.) 6,090kcal/kg Total Moisture 10.8% Ash 12.5% Fixed Carbon 47.3% Volatile Matter 29.7% Sulphur 0.56% Hardgrove 49 Grindabi
Slide 12: Production Profile
Production Profile For personal use only Production Potential to 2014 Basin Coal Mine Forecast Annual Production December 2009 12
Slide 13: Close to Export Infrastructure
Close to Export Infrastructure For personal use only 50km Rail Load‐Out Options 2 independent rail networks Infrastructure & capacity Westshore Terminals Train Haulage 157km Truck Haulage 5mtpa+ capacity 52km forestry roads 60 km Highway Minimal upgrades required December 2009 13
Slide 14: Customers
Customers For personal use only Domestic International Main Buyers Lehigh, Lafarge Japan, South Korea Haulage Options Truck/Barge Truck/Rail/Barge Port Options Not required Westshore Contract Type Long Term Spot/Long Term December 2009 14
Slide 15: Westshore Coal Terminal
Westshore Coal Terminal For personal use only Westshore Coal Terminal Annual Capacity 29mtpa Capacity Available Yes B h One Berth O Vessell size V i 260,000 260 000 dwt d 1x 7,000tph ship loader Berth Two Vessel size 150,000 dwt 1x 7,000tph ship loader Westshore is the largest North American coal
Slide 16: Canadian Thermal Coal Market
Canadian Thermal Coal Market For personal use only “Canadian thermal coal emerging as a diversified supply base to Australia ” December 2009 16
Slide 17: Thermal Coal Prices
Thermal Coal Prices Coall Price i Rise i as Demand d Returns and d Supply l Tightens i h For personal use only 100.00 Newcastle China Newcastle Japanese Reference 90.00 F O B P r i c e (U S D / t o n n e ) 80.00 70.00 60.00 50.00 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09 Sep‐09 Oct‐09 Nov‐09 December 2009
Slide 18: Fundamentally Cheap
Fundamentally Cheap For personal use only Enterprise Value per Reserve Tonne 12 9.95 10 9.13 A$/tonne) 8 7.36 EV/Reserve (A 6 5.21 4 3.58 2 1.14 0 77 0.77 0.18 0 GCL CCD WHC RIV CEY NEC JAL RES P d Producer D l Developer E l Explorer A Average Note: * Data as of close of market 27 November 2009 (JAL
Slide 19: Development Timeline
Development Timeline For personal use only Feasibility Mar Q 2010 Recommissioning Jun Q 2010 Production P d ti Dec Q 2010 December 2009 19
Slide 20: Fast Track to Production
Fast Track to Production For personal use only 9 Resource Base 9 Management Team 9 Mining Permit 9 Customers December 2009 20
Slide 21: Competent Persons Statements
Competent Persons Statements For personal use only The information pertaining to the technical content of this presentation has been reviewed by Mr John Holmes, who is a member of the Australian Institute of Geoscientists. Mr. Holmes is employed by Jameson Resources Ltd and has sufficient experience
Slide 22: For personal use only
For personal use only Level 2, 79 Hay Street Suite 800, 1199 West Hastings St Subiaco, WA Vancouver, BC V6E 3T5 +61 (8) 9200 4474 +1 (604) 687 2038 www.jamesonresources.com.au 22
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