Jameson Resources Limited · ASX:JAL
Jameson Resources — Shareholder Meeting (November 2009)
22 slides from Jameson Resources's shareholder meeting presentation, Nov 30, 2009
Slide 1: AGM Presentation
For personal use only AGM Presentation 30 November 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 For personal use only position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities.
Slide 3: Snapshot
Snapshot For personal use only Aiming to be the second largest export thermal coal producer in Western Canada Feasibility study to re‐commission existing Basin thermal coal mine nearing completion 123 million tonnes global resource base of export quality bituminous thermal / PCI coal Experie
Slide 4: Corporate Information
Corporate Information 12 Month Chart Capital Structure For personal use only 0.70 2500 Shares on Issue 62.7m 0.60 (following May Placement) 2000 Daily Volume ('000s) Share Price ($ AUD) 0.50 Performance Shares (NWPC) 15.0m 0.40 1500 Acquisition Shares (CEC) 14.8m 0.30 1000 0.20 Unlisted Options (30/
Slide 5: Video Presentation
Video Presentation For personal use only November 2009 5
Slide 6: Mine Location
Mine Location For personal use only November 2009 6
Slide 7: Historical Operations
Historical Operations For personal use only Underground Mining undertaken from 1916 to 1940 and surface mining 1954 to 1957 along south extension of Basin resource Compliance Energy Corporation undertook trial mining and production for proposed mine mouth power station from 2002 to 2006 Existing
Slide 8: Feasibility Study
Feasibility Study For personal use only Norwest nearing completion on expanded mine case study at optimised level of production Likely start up production target of between 500,000tpa and 1Mtpa Preliminary estimates support cash operating margin of approximately $US20 per tonne based on 2011 f
Slide 9: Exploration
Exploration For personal use only Diamond drilling program completed in November 2009 Total of 6HQ3 holes drilled to better define coal quality in the northern extension of existing resource Coal seam thickness correlated with the existing resource model though ash levels increase to north Exp
Slide 10: Resource
Resource For personal use only NI 43‐101 Resource Table (2009 –Resource Eye) Measured / Indicated Resources 87.0 mt Inferred Resources 36.7 mt Total Resources 123.7 mt Combined Seam Thickness 24.0m Resource Strike 3.1km Coal resource defined within the 17 metre main seam and a 7 metre thick lower
Slide 11: Coal Quality
Coal Quality Indicative Clean Coal Quality (as‐received) For personal use only Coal Type High Volatile Bituminous C ‐ 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 Grindability 49 Export quality thermal
Slide 12: Potential Mine Expansion
Potential Mine Expansion Production Potential to 2015 Basin Coal Mine For personal use only 1,500 Annual Clean Coal Production (000's Potential Expansion 1,250 Annual Production 1,000 tonnes) 750 500 250 0 2009 2010 2011 2012 2013 2014 2015 Feasibility study for expanded mine case at optimised lev
Slide 13: Haulage Route
Haulage Route 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 Basin is the closest coal project to th
Slide 14: Rail/Transport Infrastructure
Rail/Transport Infrastructure For personal use only Advanced discussions underway with preferred rail network to haul the coal from Hope to Vancouver. Haulage from the mine site to rail loadout will be accomplished by 42 tonne B‐train trucks Existing infrastructure including logging roads, and
Slide 15: Basin Coal Marketing
Basin Coal Marketing For personal use only Potential Domestic Market Potential International Market Main Buyers Lehigh, Lafarge Main Buyers Japan, S Korea Haulage Options Truck/Barge Haulage Options Truck/Rail/Barge Port Options Not required Port Options Westshore Contract Type Long Term Contract Ty
Slide 16: Westshore Coal Terminal
Westshore Coal Terminal Westshore Coal Terminal For personal use only Annual Capacity 29mtpa 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
Slide 17: Increased Interest in Canadian Thermal Coal
Increased Interest in Canadian Thermal Coal For personal use only Australian coal shippers facing more port fee hikes Ship queues at Newcastle have returned to nearly 40 and wait times are averaging 8 days ‐ 8 days more than the wait at Westshore Japanese and South Korean Coal traders have exp
Slide 18: Thermal Coal Markets
Thermal Coal Markets Coal Price Rise as Demand Returns and Supply Tightens For personal use only 100.00 Newcastle China Newcastle Japanese Reference 90.00 FOB Price (USD/tonne) 80.00 70.00 60.00 50.00 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09 Sep‐09 Oct‐09 Nov‐09 Infrastructure issues, particularly in Aust
Slide 19: Jameson's Value
Jameson’s Value Enterprise Value per Reserve Tonne For personal use only 16 Producer Developer Explorer Average 14 13.57 12 10.28 EV/Reserve (A$/tonne) 10 8 7.57 6 4.45 4 3.31 2 1.22 1.01 0.13 0 GCL CCD WHC RIV CEY JAL NEC RES Based on estimated reserves, Jameson presents compelling value when compa
Slide 20: Development Timeline
Development Timeline For personal use only Dec 2009 Reserve base for initial start up Feb 2010 Completion of expanded mine feasibility study Mar 2010 Production Decision April 2010 Detailed Design May 2010 Commence wash plant construction and contractor mobilisation Nov 2010 Clean Coal Production No
Slide 21: Summary
Summary For personal use only Aiming to be the second largest export thermal coal producer in Western Canada Feasibility study to re‐commission existing Basin thermal coal mine nearing completion 123 million tonnes global resource base of export quality bituminous thermal / PCI coal Experien
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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