Slide 1: Investor Presentation
Investor Presentation May 2009
Slide 2: Disclaimer
Disclaimer This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. This document should
Slide 3: Snapshot
Snapshot Jameson re‐commissioning an existing brown fields thermal coal mine in Western Canada Norwest Corporation undertaking feasibility study and project implementation schedule Opportunity to expand production under existing 250Ktpa Mining Permit 19 million tonnes of export quality therm
Slide 4: Corporate Information
Corporate Information Board of Directors Mr Jeff Bennett Non Executive Chairman Mr John Holmes Executive Director Mr David Prentice Non Executive Director Mr Stephen Anastos Non Executive Director Capital Structure Shareholders Summary – Post Final Payment Shares on Issue 52.1m Compliance Energy Cor
Slide 5: Mine Location
e e hf Mine Location 4; Jameson v “ Jameson RESOURCES LIMITED BASIN COAL PROJECT Project Location TRU ATNS i COLWIMIENA Basin Coal Mine COALFIELD TYPE @ Lignite ee @ Subbituminous epee @ Low & Medium Volatile Bituminous UNITED STATES | © tor weiedumes 2 Major road ++ Railway May 2009
Slide 6: Existing Mine & Expansion Plan
Existing Mine & Expansion Plan Basin’s Plant Site Basin’s Main 17m Seam Existing 250,000 tpa coal handling and preparation plant to produce and export thermal coal from the mine May 2009 7
Slide 7: Mining - 2005
Jameson id 29 49 ining - 2005 M a i=} S Ot > Gy =
Slide 8: Resource
Resource “ Jameson w RESOURCES LIMITED T id 4, Jameson @ — RESOURCES LIMITED BASIN COAL PROJECT || Tenements & Resource CL 355394 D Defined Surface Exposure z BRT ensio of Coal Seam Ls a 3 3 * | q jge Princeton 20km —~p “yx me CL 355393 » e z CL 355395 . ° 8 i ios E 3 0,000tpa O « O e Plant | CL 355
Slide 9: Resource & Quality
Resource & Quality NI 43‐101 Resource Table Indicative Clean Coal Quality (as‐received) Measured Resources 18.1mt Coal Type High Volatile Bituminous C ‐ Thermal Indicated Resources 0.9mt Calorific Value (a.d.b.) 6,080kcal/kg Total M&I Resources 19.0mt Total Moisture 10% Seam Thickness 17.0m Ash 12%
Slide 10: Re-commissioning Study - Coal Quality Sampling
Re‐commissioning Study ‐ Coal Quality Sampling May 2009 11
Slide 11: Potential Mine Expansion
Potential Mine Expansion Production Potential to 2015 Basin Coal Mine Scoping studies have commenced to identify the potential options available to restart and expand the mine Marketing studies will be carried out to attract potential off take partners May 2009 12
Slide 12: Basin Coal Marketing
Basin Coal Marketing Potential Domestic Market Potential International Market Main Buyers Lehigh, Lafarge Main Buyers International Utilities Haulage Options Truck/Barge Haulage Options Truck/Rail/Barge Port Options Not required Port Options Westshore / Texada Island / Seattle Contract Type Long Ter
Slide 13: Haulage Route
Haulage Route 50km Rail Load Out Options CN & CP Rail Infrastructure & capacity Westshore Terminals Train Haulage 157km Truck Haulage 5mtpa+ capacity 52km forestry roads 60 km Highway Minimal upgrades required Basin is the closest coal project to the mainland Western Canadian ports; ot
Slide 14: Rail Load Out - Options
Rail Load Out ‐ Options May 2009 15
Slide 15: Rail/Transport Infrastructure
Rail/Transport Infrastructure Rail Transportation Capacity Available Loading Point Haulage to Westshore CN Rail Yes Hope 157km CP Rail Yes Hope 157km Southern Railway of British Columbia Yes Chilliwack 107km Both CN Rail and Southern Railway of British Columbia have expressed interest to haul the co
Slide 16: Westshore Coal Terminal
Westshore Coal Terminal Westshore Coal Terminal Annual Capacity 26mtpa Capacity Available Yes Berth One Vessel size 260,000 dwt 1x 7,000tph ship loader Berth Two Vessel size 150,000 dwt 1x 7,000tph ship loader Westshore is the largest North American coal export port and handles coal from Canada and
Slide 17: Project Acquisition Summary
Project Acquisition Summary Milestone Cash Shares Initial Payment C$1.15m 12.4m Completion of a Bankable Feasibility Study C$3.10m 12.4m (on or before 31 May 2010) Commencement of Commercial Production ‐ 12.4m (on or before 31 May 2012) Production of 500,000t of saleable coal ‐ 5.0m (on or before 31
Slide 18: A$/Reserve Tonne
Jameson’s Value Enterprise Value per Reserve Tonne 12 10 A$/Reserve Tonne 8 6 4 2 0 Gloucester Coal Bathurst Whitehaven Coal Centennial Coal Jameson Resources Based on estimated reserves, Jameson is significantly undervalued when compared to other industry players Using this as a metric, there i
Slide 19: Summary
Summary JAL has an option to acquire the mining rights to Basin for C$3.1 million cash and 29.8 million JAL shares (total value of approximately A$10.17m) Basin has a NI 43‐101 compliant open pit thermal coal resource of 19 million tonnes and a 17m seam Excess rail and port capacity is availab
Slide 20: Level 2, 79 Hay Street Subiaco, WA
Level 2, 79 Hay Street Subiaco, WA (08) 9200 4474 www.jamesonresources.com.au 22