Slide 1: ASX cover letter for investor presentation
19 August 2021 For personal use only ASX Market Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Dear Sir/ Madam Jameson Resources Limited | Investor Presentation Attached is an Investor presentation to be given by Jameson’s Managing Director, Michael Gray, at future inv
Slide 2: Jameson Resources Investor Presentation August 2021
For personal use only Jameson Resources Investor Presentation August 2021
Slide 3: Contents
For personal use only About Jameson Contents Crown Mountain Project About Steelmaking Coal 2
Slide 4: About Jameson Resources
About Jameson Resources For personal use only • Jameson is an ASX listed pure steelmaking Share Capital coal developer ASX ticker JAL Sustainable growth to • Primary focus is its flagship asset, the Crown Share Price (30 July 2021) A$0.115 maximise enterprise Mountain Hard Coking Coal Project Shares
Slide 5: Jameson Board of Directors
Jameson Board of Directors For personal use only Nicole Hollows Michael Gray Joel Nicholls Steve van Barneveld Independent, Non –Executive Managing Director Non-Executive Director Independent, Non-Executive Chairman Director • Greenfield coal project approvals, development and operations Highly expe
Slide 6: Strategic Roadmap
Strategic Roadmap We will deliver value through For personal use only development of our Crown Mountain OUR PURPOSE Responsibly supplying raw materials essential to improving people's lives... Project in BC, Canada with the EA Application to be OUR VISION An independent supplier of raw materials com
Slide 7: Crown Mountain Hard Coking Coal Project
Crown Mountain Hard Coking Coal Project For personal use only Located within globally • The Elk Valley steelmaking coalfields in British Colombia, Canada which are recognised coal basin and home to Teck, the world’s second largest coking coal exporter first-class mining • British Columbia has signif
Slide 8: New investment opportunities to increase shareholder value
New investment opportunities to increase shareholder value For personal use only • Jameson is seeking to lead a new era for sustainable steelmaking coal opportunities • In parallel with progress of Crown Mountain HCC Project, other advanced projects will be assessed in both Canada and Australia • Cu
Slide 9: Steel – the catalyst for economic development
Steel – the catalyst for economic development For personal use only Global Steel Production Since 2000 • Steel is the world’s second largest commodity value chain and 2,000 the most important building material for engineering, 1,800 construction and manufacturing Annual Production (Mt) 1,600 1,400 1
Slide 10: Steel – the catalyst for a low carbon future
Steel – the catalyst for a low carbon future For personal use only • Iron ore and steelmaking coal are the fundamental building blocks to producing steel in Blast Furnaces which are responsible for more than 70% of global steel production • Steel will be the foundation on which the transition to a l
Slide 11: Steelmaking coal - market fundamentals
Steelmaking coal - market fundamentals For personal use only • Market fundamentals for steelmaking coal are supportive of high prices in both the short and longer term • Market has showed significant price divergence with CFR China price significantly higher than FOB Australia price due to China’s b
Slide 12: Jameson – to be an ESG leader in Met Coal Developers
Jameson – to be an ESG leader in Met Coal Developers For personal use only Planet People Prosperity Minimise Crown Mountain’s carbon footprint whilst Our people are central to achieving sustainable We are committed to being a valued community ensuring economic outcomes are achieved outcomes, through
Slide 13: Environment, Social and Governance (ESG)
Environment, Social and Governance (ESG) For personal use only • Jameson recognises the critical role of steelmaking coal in global economic development and in improving people’s lives and the vital role of steel materials to enable the global transition to a low carbon economy • Jameson sees the op
Slide 14: Crown Mountain is a compelling opportunity
Jameson with it’s Crown Mountain Project is a compelling opportunity For personal use only • LOCATION – A tier one jurisdiction in a high quality coking coal basin with available workforce, supportive community and Government • RESOURCE – Shallow open-pit resource of 86% Premium Low Volatile Hard Co
Slide 15: Crown Mountain Project Fundamentals
For personal use only Crown Mountain Project Fundamentals
Slide 16: Crown Mountain Hard Coking Coal Project
Crown Mountain Hard Coking Coal Project For personal use only Located within globally • The Elk Valley steelmaking coalfields in British Colombia, Canada which are recognised coal basin and home to Teck, the world’s second largest coking coal exporter first-class mining • British Columbia has signif
Slide 17: Project Overview
Project Overview 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: 9.5:1 • Coal Handl
Slide 18: World-class opencut Resources and Reserves
World-class opencut Resources and Reserves For personal use only Crown Mountain Resources and Reserves • 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: Coking Coal Quality – CSR and Volatile Matter
Coking Coal Quality – CSR and Volatile Matter For personal use only Crown Mountain Hard Coking Coal Ø High CSR (Coke Strength after Reaction) Ø 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 20: World-class opencut Crown Mountain 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 19
Slide 21: Mining and Production
MiningCrown andMountain Production For personal use only Mine Scheduling 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 in
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 For personal use only Westshore Terminals Exports 40 • The common user rail links the Elk Valley Coal Fields 35 with three deep water ports on the west coast of 30 British Columbia - Westshore, Ridley and Neptune Coal Exports (Mt) 25 • Westshore Terminal, in Vancouver,
Slide 24: Environmental Assessment and Management
Environmental Assessment and Management For personal use only • Jameson has adopted a proactive transparent approach to the regulatory process and has sought close engagement with all key stakeholders including First Nations, Provincial and Federal regulators • Since 2014, extensive database of base
Slide 25: World's Best Practice Environmental Assessment and Management
World’s Best Practice Environmental Assessment and Management For personal use only • In order to ensure the most thorough assessment process, Jameson has sought to engage with all key stakeholders to ensure the potential environmental effects and benefits are well understood • Jameson has actively
Slide 26: Selenium Mitigation Strategy
Selenium Mitigation Strategy For personal use only Role of plant refuse layers: • Retain moisture • Supply carbon • Jameson has sought to progress proactive bioremediation approach • Generate anaerobic zones to mitigate and prevent potential Selenium runoff generated from the • Retard oxygen diffusi
Slide 27: Crown Mountain Bankable Feasibility Study – July 2020
Bankable Feasibility Crown Study – July 2020 Mountain Overview For personal use only The BFS was undertaken by Stantec Consulting’s (Vancouver Office) as Study Manager, with key contributors Sedgman Canada Limited (a member of CIMIC Group) and SRK Consulting, assessing: • Geology and resource develo
Slide 28: Crown Mountain Product Optimisation Study – August 2021
ProductCrown Optimisation Study – August 2021 Mountain Overview For personal use only • The Product Optimisation Study identified the substantial uplift in product yield by increasing target product ash levels from the Project by increase the ash from 9.5% to 10.5% for North and East pits product, a
Slide 29: 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
Slide 30: Development Timeline
Development Timeline For personal use only 2021 2022 2023 2024 2025 ACTIVITY Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec • EA approval is critical path towards project development Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr Qtr • De
Slide 31: About Steelmaking Coal
For personal use only Coal About Steelmaking
Slide 32: Steelmaking Coal and the Steel Making Process
Steelmaking Coal and the Steel Making Process For personal use only There are two primary Steel can be readily types and uses of coal: recycled over and • energy coal over again without loss of property • steelmaking coal Steel is the world's most important engineering Coal is rock formed over and c
Slide 33: Opportunity | Increasing Demand for Steelmaking Coal
Opportunity | Increasing Demand for Steelmaking Coal For personal use only • Seaborne steelmaking coal market likely to Global Seaborne Steelmaking Coal Demand Global Seaborne Steelmaking Coal Supply exceed 350Mt in 2021 450 450 • Strong demand growth forecast in major markets due to steel demand gr
Slide 34: Global Steel Markets – China and India dominate
Global Steel Markets – China and India dominate For personal use only • China, through its Supply Side Reforms, relocation of steel capacity and Belt and Road Policy, and India, with ‘Make in Steel, Make in India,’ have been the dominant drivers of metallurgical coal demand and growth • China’s Supp
Slide 35: Blast furnace steelmaking dominates global production
Blast furnace steelmaking dominates global production For personal use only • Blast Furnaces or Basic Oxygen Furnaces (BOF) currently account for 72% BOF v EAF By Region of global steel production. Electric Arc Furnaces (EAF) account for just 28% China BOF EAF • In Asia, the proportion of steel prod
Slide 36: The current global average age of furnaces is 13-14 years
The current global average age of furnaces is 13-14 years of a For personal use only typical useful life of 40-50 years Source: IEA – Iron and Steel Technology Roadmap, October 2020 The young age of furnaces (and integrated steel making facilities), and sunk capital (>US$1 trillion) in existing blas
Slide 37: Limited steel products can be manufactured via EAF
Limited steel products can be manufactured via EAF For personal use only • One of the cited paths to lowering carbon emissions in the steel making process is to Impurities in recycled steel produced via EAF produce more steel via the Electric Arc Furnace (EAF) and Direct Reduced Iron (DRI)), however
Slide 38: BOF (+ CCUS) likely to remain dominant production method
Steel is integral to the decarbonisation process, BOF (+ CCUS) is likely to remain the dominant production method in the medium term For personal use only § Blast Oxygen Furnaces (BOF) requiring metallurgical coke (from coking coal) and iron ore with Carbon Capture Usage and Storage (CCUS) are likel
Slide 39: The steel industry has made significant commitments to reduce carbon emissions
The steel industry has made significant commitments in order to For personal use only reduce carbon emissions Source: BHP Reuters S our Source: ce : w orld Source: ArcelorMittal s te e l oup Noble Gr Source: Sourc e: wo rldste el Source: Rio Tinto orldsteel Source: w BH P r ce : Source: ArcelorMitta
Slide 40: Green H2 production…possible but widespread bulk production not imminent
Green H 2 production…possible but widespread bulk production For personal use only not imminent § Green hydrogen (H2) or carbon neutral H2 can only be produced via the electricity intensive electrolysis of water and Expected Steel Production Techniques 2019 - 2050 requires large volumes of renewable
Slide 41: Disclaimer
Disclaimer For personal use only DISCLAIMER 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
Slide 42: Disclaimer – Forward Looking Statements
Disclaimer For personal use only FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements. Wherever possible, words such as “intends”, “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similar expressions or statements that certain actions, events or results