Slide 1: Investor Presentation September 2013
For personal use only INVESTOR PRESENTATION September 2013
Slide 2: Investment Highlights
Investment Highlights For personal use only POSITIONED IN WORLD CLASS METALLURGICAL COAL FIELDS Jameson focus on exploring and developing coking coal projects Projects within Canada’s prolific Elk Valley and Peace River metallurgical coal fields THE ELK VALLEY – A COMPELLING INVESTMENT OPPOR
Slide 3: Financial Snapshot
Financial Snapshot For personal use only Share Capital Price Volume Chart Share Price (18th September 2013) A$0.24 Shares Outstanding 171m Market Capitalisation A$41m Trading Range (6 month) A$0.21 to A$0.35 Cash Reserves Cash (September 16th 2013) A$4.1m Options and Exchangeable Shares Options (A$0
Slide 4: Highly Experienced Management Team
Highly Experienced Management Team For personal use only David Fawcett ‐ Chairman • Mining engineer with over 35 years coal experience in western Canada • Proven track record for initiating and advancing new coal mine development CANADA • Awarded the 2012 AMEBC Coal Award for Excellence in Mine Deve
Slide 5: Few Coking Coal Basins have Export Potential
Few Coking Coal Basins have Export Potential For personal use only MONGOLIA KYRGYZ REPUBLIC RUSSIA WESTERN CANADA • ASX Companies: AKM, GUF • ASX Companies: CLA • ASX Companies: TIG • ASX Companies: JAL , ATU (anthracite) • 11 Mtpa overland exports • No exports • 15 Mtpa seaborne exports • 28 Mtpa s
Slide 6: World's Most Profitable Coal Basins
World’s Most Profitable Coal Basins For personal use only • The Elk Valley and Crowsnest coal fields offer one of the most compelling global opportunities to develop a coking coal project • Low risk jurisdiction with well‐established rail and port infrastructure • Operating cost structures in Canada
Slide 7: Strategic Location
Crown Mountain – Strategic Location For personal use only • Teck is the world’s second largest seaborne supplier of metallurgical coal, based on its mines in the Elk Valley and Crowsnest coal fields • During Q1 2013, Teck produced 6.2Mt from its five coking coal operations • Jameson’s Crown Mountain
Slide 8: 90Mt Resource
Crown Mountain – 90Mt Resource For personal use only • Maiden open pit coal resource of 90Mt reported in February 2013 • 66Mt or 73% of the resource is in the Measured & Indicated category • Seven coal seams with coal zone thickness up to 12.5m and within 200m of surface • Based on 40 RC holes (2012
Slide 9: Cross Sections
Crown Mountain – Cross Sections For personal use only North Block Seam Name Zone Thickness (m) 8 Upper 12.47 8 Middle 4.27 8 Lower 3.74 9 4.68 10 Upper 7.56 10 Middle 1.08 10 Lower 1.52 Combined Average 35.32 South Block Seam Name Zone Thickness (m) 8 Upper 8 Middle 8 Lower 3.30 9 3.06 10 Upper 3.09
Slide 10: Model Snapshot
Crown Mountain – Model Snapshot For personal use only South Block South Pit North Block North Pit East Pit North Block Seam 8 Seam 8 Middle South Block Seam 8 Lower Seam 9 Southern Seam 9 Rider Extension Seam 10 Upper Seam 10 Middle Seam 10 Lower Pit Shell 10
Slide 11: Preliminary Economic Assessment
Crown Mountain – Preliminary Economic Assessment For personal use only PEA ‐ Key Attributes Resource ‐ TOTAL 90 Mt Recoverable Raw tonnes 76 Mt Strip Ratio (Raw Coal) 4.3:1 Production Capacity 1.3 to 1.9 Mtpa Potential Mine Life 24 years Expected product 90% high quality coking CAPEX Range $109M to
Slide 12: Mine Advance
Crown Mountain – Mine Advance For personal use only • Low cost surface mining methods with raw strip ratio of 4.3:1 which is significantly lower than Teck • Surface mine development will use the truck/excavator method. Mining conditions at Crown Mountain will be similar to those at the nearby mines
Slide 13: Rail to Port
Crown Mountain – Rail to Port For personal use only No capacity constraints on rail networks and ports currently undergoing expansion RAIL • Crown Mountain located 14km by road to the Canadian Pacific rail line • Common user railway linking southeast BC to deep water ports in Vancouver • A new rail
Slide 14: Exploration Program 2013
Crown Mountain – Exploration Program 2013 For personal use only • Exploration drilling program to better define coal quality and washability completed ahead of schedule and below budget • Program focused on North and South Blocks and included seven large diameter core holes (150mm) and six reverse c
Slide 15: Coking Coal Parameters and General Specifications
Coking Coal Parameters and General Specifications For personal use only Coal Quality Parameter General Specs South East BC Total Moisture % (arb) Max 10% 8 ‐ 9% Ash % (db) Max 10% 8.5 ‐ 9.6% Volatile Matter % (db) 17 ‐ 35% 21 ‐ 27% Sulphur % (db) < 1% (typ 0.6%) 0.35 – 0.75% Fixed Carbon % (db) 55 ‐
Slide 16: Laboratory Flow Sheet
Crown Mountain – Laboratory Flow Sheet For personal use only Lab – Receives Apparent Density, SG, incremental Core Ash, Moisture, Sulphur Sample of Coal and Partings Composite Core Sample & Air Dry SIZE FRACTION DROP SHATTER Dry Screen Analysis @ Dry and Wet Tumbler ANALYSIS TEST 50,25,13,6,2,1,1x0m
Slide 17: Coal Quality to Date
Crown Mountain – Coal Quality to Date For personal use only • Initial results received for first LDC hole CM11‐11‐CH • Washability is higher than expected • All seams showing coking coal characteristics • For a targeted 8.5 – 9.5 percent ash product: • Average recovery ¹: 71.1 percent (range 21‐94)
Slide 18: Environmental Studies
Crown Mountain – Environmental Studies For personal use only • Environmental baseline studies are well advanced with the BC MOE required two year monthly water sampling and quality test work scheduled for completion in April 2014 • Hydrological studies including the installation of several down‐hole
Slide 19: Timeline
Crown Mountain – Timeline For personal use only 2013 2014 2015 ACTIVITY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Resource Estimate Preliminary Economic Assessment Exploration – LDC & RC Drilling program Coal Quality Testwork Pre‐Feasibility Study EA / Permitting Feasibility including Drilling & Detailed E
Slide 20: Compelling Portfolio of Metallurgical Coal Assets
Compelling Portfolio of Metallurgical Coal Assets For personal use only • Jameson has an exciting portfolio of projects in two of the most prolific coal fields in western Canada providing a highly compelling investment opportunity in the global coking coal sector • Hard coking coal is a geologically
Slide 21: Peace River Projects – Strategic Location
Peace River Projects – Strategic Location For personal use only • 100% ownership of Dunlevy, Carbon East, Peace Reach and Graham River projects within the Peace River coal field • Coal license applications cover 30,203 hectares of prospective ground • Projects along strike from operating coal mines
Slide 22: Dunlevy – An Exciting New Discovery
Dunlevy – An Exciting New Discovery For personal use only • Geological mapping and trenching has resulted in the identification of multiple coal seams ranging in thickness up to 3.5m • Broad shallow dipping syncline; west limb dipping 5‐10 degrees • Initial priority exploration target of at least 10
Slide 23: Dunlevy – Approvals and Work Program Update
Dunlevy – Approvals and Work Program Update For personal use only • 8,300ha under application (with approval pending) with large additional area to remain under application • Ministry of Mines has made significant steps towards granting Dunlevy tenure and the Notice of Work with approvals expected s
Slide 24: Summary
Summary For personal use only POSITIONED IN WORLD CLASS Jameson is a pure coking coal Company and owns coal projects within Canada’s prolific METALLURGICAL FIELDS Elk Valley and Peace River coking coal fields Quality projects located proximal to road network and an extensive rail system linking PROX
Slide 25: For personal use only
For personal use only www.jamesonresources.com.au AUSTRALIAN OFFICE (Corporate) CANADIAN OFFICE Level 2, 79 Hay Street Suite 800, 1199 West Hastings Street Subiaco, WA 6008 Vancouver, BC V6E 3 T5 T: +61 (8) 9200 4473 T: +1 (604) 629‐8605 E: admin@jamesonresources.com.au
Slide 26: Disclaimer
Disclaimer For personal use only This document has been prepared as a summary only, and does not contain all information about the Jameson Resources Limited’s (the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities atta
Slide 27: Competent Persons Statements
Competent Persons Statements For personal use only The information in this presentation that relates to an Exploration Target (as defined under Section 18 of the JORC code), Exploration Results, Mineral Resources or Ore Reserves on the Dunlevy Project is based on information compiled by Mr. Ken MacD