Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (May 2022)
27 slides from Jameson Resources's investor presentation, May 10, 2022
Slide 1: ASX cover letter: Shareholder Presentation
10 May 2022 Company Announcements Office Australian Stock Exchange Limited For personal use only Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000 Dear Sir/ Madam Jameson Resources Limited | Shareholder Presentation Please find attached a presentation to be given by Jameson’s Managing
Slide 2: Jameson Resources: A New Era in Steelmaking Coal
For personal use only Jameson Resources A New Era in Steelmaking Coal May 2022 1
Slide 3: About Jameson Resources
About Jameson Resources • Jameson is an ASX listed pure steelmaking coal Share Capital For personal use only Sustainable developer ASX ticker JAL growth to • Primary focus is its flagship asset, the Crown Share Price (20 April 2022) A$0.085 maximise Mountain Hard Coking Coal (HCC) Project • Will con
Slide 4: 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 For personal use only • Steelmaking coal: unprecedented record prices due to declining production and lack of advanced The Right green
Slide 5: Steel – the catalyst for economic development
Steel – the catalyst for economic development Global Steel Production Since 2000 For personal use only • Steel is the world’s second largest commodity value chain and the most important building material for engineering, construction and manufacturing. 2,000 Annual Production (Mt) • Steel production
Slide 6: Steelmaking Coal – Right Product
Steelmaking Coal – Right Product - Unprecedented Demand and Diminishing Supply For personal use only Global Seaborne Steelmaking Coal Exports (2013- • Global prices now at unprecedented levels and forward curves indicate long run 21) HCC Price of >USD200 400 Annual Exports (Mt) • The decline and dep
Slide 7: Crown Mountain – Right Project
Crown Mountain – Right Project For personal use only • Shallow open pit development – North, East and South pits • Life of mine (LOM) 15 years • Product mix: 86% HCC/14% PCI • Years 1-4: clean coal production: 2.3 Mtpa • LOM average clean coal production: 1.95 Mtpa • LOM clean coal strip ratio: 9.5:
Slide 8: Crown Mountain – Right Location
Crown Mountain – Right Location Greenfield Project - Brownfield Location For personal use only TECK – Fording River Mine • Located within the established Elk Valley steelmaking coalfields, home to Teck - the world’s #2 steelmaking GREENHILLS coal exporter behind BHP TECK – Green Hills Mine • The Elk
Slide 9: Right ESG Strategy
Right ESG Strategy … reflecting a new era for ESG in steelmaking coal Crown Mountain has been designed to represent a new standard in For personal use only environmental management of steelmaking coal projects. Key features: • Cumulative Effects assessment across the Elk Valley region and commitment
Slide 10: Environmental Assessment Application – Submitted for IAAC Review
Environmental Assessment Application – Submitted for IAAC Review • Comprehensive environmental assessment (EA) study For personal use only undertaken over four years based on EIS Guidelines issued by the Impact Assessment Agency of Canada (IAAC) and Application Information Requirements issued by the
Slide 11: Crown Mountain - a new era in steelmaking coal
Jameson Resources Crown Mountain - a new era in steelmaking coal • Steel: critical for economic development and enabler of a low carbon future - infrastructure, For personal use only The Right renewables, electric vehicles Product • Steelmaking coal: unprecedented record prices due demand growth and
Slide 12: Appendix One: Steel Market Overview
For personal use only Appendix One Steel Market Overview
Slide 13: Steel – the catalyst for economic development
Steel – the catalyst for economic development • Steel is the world’s second largest commodity value chain and the most important Global Steel Production Since 2000 For personal use only building material for engineering, construction and manufacturing. Steel production, consumption and growth are di
Slide 14: Steelmaking Coal - Unprecedented Demand and Diminishing Supply
Steelmaking Coal - Unprecedented Demand and Diminishing Supply For personal use only Global Coking Coal Price Global Seaborne Steelmaking Coal Exports 800 (2013-21) 400 Australian Benchmark HCC 700 Annual Exports (Mt) 600 300 (USD/tonne) 500 200 400 300 100 200 0 100 2013 2014 2015 2016 2017 2018 20
Slide 15: Steel – the critical enabler of a low carbon future
Steel – the critical enabler of a low carbon future • For personal use only Steel will be the foundation on which the transition to a lower carbon future will be built • All decarbonisation technologies create substantial increased demand for materials. While focus has been on copper and battery min
Slide 16: Supply Risks – delayed progress of new projects and reduced supply
Supply Risks – delayed progress of new projects and reduced supply Project Original Timing Status Current Timing For personal use only South32 and Aquila abandoned development due to excessive capital cost. Project divestment Eagle Downs 2017 Unknown process underway Project not yet able to secure M
Slide 17: Appendix Two: Crown Mountain Project Overview
For personal use only Appendix Two Crown Mountain Project Overview
Slide 18: World-class opencut Resources and Reserves
World-class opencut Resources and Reserves Crown Mountain Resources and Reserves For personal use only • Coal Resources of 90.2Mt are well Measured & Measured, Indicated understood and defined RESOURCES (Mt) Measured Indicated Indicated Inferred & Inferred • More than 70% of Resource is at North Blo
Slide 19: World-class opencut 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 18
Slide 20: Mining and Production Scheduling
Mining andMountain Crown Production Mine Scheduling For personal use only Waste ROM Coal Strip Ratio Product Strip Ratio Pit MBcm Mt Bcm/t ROM Coal Mt Bcm/t Saleable 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 21: Coking Coal Quality – CSR and Volatile Matter
Coking Coal Quality – CSR and Volatile Matter For personal use only Crown Mountain Hard Coking Coal ➢ High CSR (Coke Strength after Reaction) ➢ Low volatile matter (VM) • High CSR and low VM are critical coke- making characteristics that determine demand and relative market position for coking coals
Slide 22: Rail infrastructure
Rail infrastructure For personal use only ▪ Crown Mountain is located immediately adjacent to existing 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 23: Infrastructure – Port Capacity
Infrastructure – Port Capacity Westshore Terminals Exports For personal use only 40 • The common user rail links the Elk Valley Coal Fields 35 with three deep water ports on the west coast of British Columbia - Westshore, Ridley and Neptune 30 Coal Exports (Mt) 25 • Westshore Terminal, in Vancouver,
Slide 24: Selenium Mitigation Strategy
Selenium Mitigation Strategy Role of plant refuse layers: • Retain moisture • Supply carbon • Jameson has sought to progress proactive bioremediation approach • For personal use only Generate anaerobic zones to mitigate and prevent potential Selenium runoff generated from • Retard oxygen diffusion t
Slide 25: Crown Mountain Bankable Feasibility Study – July 2020
Bankable Feasibility Crown Study – July 2020 Mountain Overview The BFS was undertaken by Stantec Consulting’s (Vancouver Office) as Study Manager, with key contributors For personal use only Sedgman Canada Limited (a member of CIMIC Group) and SRK Consulting, assessing: • Geology and resource develo
Slide 26: Crown Mountain Product Optimisation Study – August 2021
ProductCrown Optimisation Study – August 2021 Mountain Overview • The Product Optimisation Study identified the substantial uplift in product yield by For personal use only increasing target product ash levels from the Project by increase the ash from 9.5% to PRODUCT OPTIMISATION 10.5% for North and
Slide 27: Additional BFS Optimisation Opportunities
Additional BFS Optimisation Opportunities For personal use only • The BFS identified a number of Optimisation Opportunities Status/Timing opportunities for optimisation of the Project to further enhance Production of Higher Ash Product Completed August 2021 economic return, reduce development and pr