Jameson Resources Limited · ASX:JAL
Jameson Resources — Investor Presentation (July 2020)
16 slides from Jameson Resources's investor presentation, Jul 20, 2020
Slide 1: Capital Raising Presentation July 2020
Jameson Resources CAPITAL RAISING PRESENTATION JULY 2020
Slide 2: Disclaimer
Jameson Resources Disclaimer This presentation has been prepared by Jameson Resources Limited (the Company) and is authorised by the Board of Directors of the Company. This presentation has been prepared in relation to a placement of new fully paid ordinary shares in the Company (Offer). DISCLAIMER
Slide 3: Disclaimer
Jameson Resources Disclaimer INVESTMENT RISK There are a number of risks specific to the Company and of a general nature which may affect the future operating and financial performance of the Company and the value of an investment in the Company, including and not limited to the Company's capital re
Slide 4: Disclaimer
Jameson Resources Disclaimer NO NEW INFORMATION OR DATA Mineral Resource Estimate, Mineral Reserve Estimate and Bankable Feasibility Study Results The information in this presentation relating to the Mineral Resource Estimate, Mineral Reserve Estimate and Bankable Feasibility Study Results of the Co
Slide 5: Corporate Snapshot
Jameson Resources Corporate Snapshot Share Capital JAL Share Price ASX ticker JAL 0.30 Share Price (15 July 2020) A$0.155 0.25 Shares Outstanding 264m 0.20 Market Capitalisation A$41m 0.15 A$0.115 to Trading Range (6 month) 0.10 A$0.185 0.05 Cash Reserves* 0.00 Cash on Hand (30 June 2020) A$2.6m* Op
Slide 6: Strategic Overview
Jameson Resources Strategic Overview • Jameson is a pure metallurgical coal Company with the primary focus on its PURE METALLURGICAL COAL PLAY WITH SUSTAINABLE flagship asset, Crown Mountain Project (CMP) GROWTH FOCUS • Will proactively look for other metallurgical coal opportunities in developed co
Slide 7: Strategic Roadmap
Jameson Resources Strategic Roadmap We will deliver value through development of our Crown Mountain Project (CMP) in BC, Canada and acquisitive growth opportunities after the EA submission for CMP in March 2021 quarter, by implementing strategies with strong stakeholder engagement to achieve growth
Slide 8: Equity raising to progress Crown Mountain
Jameson Resources Equity raising to progress Crown Mountain • JAL is undertaking a placement of 39.565m new shares at 12c to raise ~A$4.74m (before placement 15% PLACEMENT costs) under the Company’s existing 15% placement capacity to raise funds to continue to progress Crown Mountain • JAL will cont
Slide 9: Crown Mountain Project BFS Outcomes
Jameson Resources Crown Mountain Project BFS Outcomes HIGH QUALITY • Average Life of Mine (LOM) Clean coal product mix 86% LV HCC and 14% PCI METALLURGICAL COAL • High quality LV HCC, with a high relative Coke Strength after Reaction (CSR) • Average LOM Free on Board (FOB) cash cost of US$93.17/tonn
Slide 10: BFS Assumptions
Jameson Resources BFS Assumptions • Long term benchmark price for Low Volatile (LV), Premium Hard Coking Coal (HCC) of US$164/t and PCI coal of US$115/t FOB Vancouver at CAD:USD exchange rate of 0.75, with expected pricing discounts for quality in South Pit • Three open pit, mountain top mining deve
Slide 11: Crown Mountain BFS Operating Costs
Jameson Resources Crown Mountain BFS Operating Costs • BFS operating costs have increased from the 2017 BFS Operating Costs* Unit Years 1-4 LOM PFS Update that was completed during a low price Operating Costs – clean coal cycle for Metallurgical Coal Waste US/t 22.12 31.94 • Since that time the aver
Slide 12: Pre-production Capex and Strategic Partner
Jameson Resources Pre-production Capex and Strategic Partner Owner Operator Fully Capitalised Scenario Pre-production Capital • Owner operator scenario assumes all equipment is purchased new to support the development and construction of the mine • Includes all costs for mine and process infrastruct
Slide 13: Potential BFS Optimisation Scenarios
Jameson Resources Potential BFS Optimisation Scenarios Potential Optimisation Description Areas Increased • Increased utilisation of CHPP hours, if can match with increased ROM production volumes Product Coal • Improved yield with production of higher ash product (10% or 10.5%) with expected corresp
Slide 14: Crown Mountain Timeline
Jameson Resources Crown Mountain Timeline ACTIVITY 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Environmental Baseline ✓ ✓ ✓ ✓ ✓ ✓ EA Application Preparation and Submittal ✓ ✓ ✓ ✓ ✓ ✓ EA Regulatory Review and Approval Mine Permit Preparation, Submittal & Appro
Slide 15: Crown Mountain Resources and Reserves
Jameson Resources Crown Mountain Resources and Reserves • The BFS confirmed a total Measured Indicated Measured & Inferred Measured, (Mt) (Mt) Indicated (Mt) Indicated & reserve base at Crown RESOURCE AREA (Mt) Inferred (Mt) Mountain of 57.5 million tonnes North Block 10.1 3.0 13.1 0 13.1 South Bloc
Slide 16: Australian Office
For further information, please contact AUSTRALIAN OFFICE (Corporate) CANADIAN OFFICE Joel Nicholls Suite 5, 62 Ord Street, Suite 810, 789 West Executive Director West Perth Western Australia 6005 Pender Street joel.nicholls@jamesonresources.com.au T: +61 (8) 9200 4473 Vancouver, BC V6C 1H2 www.jame
Jameson Resources — Investor Presentation (July 2020) on 6ix