JAMESON RESOURCES LIMITED 14 January 2022
onlyCompany Announcements Office Australian Stock Exchange Limited Level 40, Central Park
152-158 St Georges Terrace PERTH WA 6000
Jameson Resources Limited | Presentation to 2021 Annual General Meeting
usePursuant to Listing Rule 3.13.3, please find attached the Managing Director's presentation to shareholders to be given at the Annual General Meeting commencing at 11.30 am (Brisbane time) on 14 January 2022.
A thorised to be given to ASX by the Board of Jameson Resources Limited.
personalLisa Dalton Company Secretary
For further information, please contact: Michael Gray
Managing Director
ForEmail: michaelgray@jamesonresources.com.au
Phone: +61 417 736 461
Jameson Resources Limited I ABN 89 126 398 294
Registered Office | Level 4, Deutsche Bank Place 126 Phillip Street, Sydney NSW 2000 www.jamesonresources.com.au Postal Address | PO Box 274, Ashgrove West, Brisbane QLD 4060
Email | admin@jamesonresources.com.au Phone: |+61 8 9200 4473
Jameson Resources Limited
Managing Director's Address
Annual General Meeting 14 January 2022
For personal use only
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Jameson Resources Limited
Managing Director's Address
Annual General Meeting 14 January 2022
For personal use only
Good Morning Ladies and Gentlemen. My name is Michael Gray and I am the Managing Director of Jameson Resources Limited.
Today I would like to give you a short presentation on Jameson and the work we have been doing progressing our strategy and developing our Crown Mountain Project in British Columbia.
It has been both a challenging and exciting year for Jameson and I'm pleased to confirm that despite those challenges, Jameson has continued to progress the Crown Mountain Project to be what is recognised as the most advanced steelmaking coal project in Canada.
Today I want to provide a brief overview of the company, the progress we have made and the exciting opportunity that lies ahead for the company. We will be happy to take questions at the end of the presentation.
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Jameson Resources Limited
Managing Director's Address
Annual General Meeting 14 January 2022
Jameson Resources Crown Mountain - a new era in steelmaking coal
Right Project
Right Location
Right Team
Right Market
- Premium hard coking coal sought after by global steelmakers to help increase blast furnace efficiency and lower carbon emissions
- Low strip-ratioopen-pit resource with attractive operating margins
GREENHILLS
• Small footprint in discrete catchment providing ability to manage water quality, environmental offsets and advance accelerated rehabilitation
• The Elk Valley steelmaking coalfields is recognised globally for its premium hard coking coal product
• Crown Mountain is a greenfield project in a brownfield environment
• British Columbia has significant historical and current production, transparent regulatory processes and Provincial Government supportive of mining
• Direct access to existing infrastructure with surplus capacity for exports
• Canadian steelmaking coal has continued access to Chinese markets unlike Australian coal and so obtains a substantial premium price to Australian export pricing for sales to China
• Jameson Board with substantial track record of successful greenfield coal development, financing and value creation
• Management team in Australia and Canada with extensive experience in regulatory processes and indigenous and stakeholder engagement
• Steelmaking coal is at unprecedented record prices due to shortage of supply in all producer markets
• Delayed progress of greenfield projects to supplement declining production at existing mines
For personal use only
Crown Mountain HCC Project - the most advanced steelmaking coal project in Canada | ||
IEA - Coal 2020 | 3 | |
It has been a challenging year globally due to continued impacts of the Covid-19 pandemic and a challenging year for the coal industry with increased opposition to the development of new projects and in particular substantial challenges for new projects in Alberta, Australia and elsewhere.
I'm pleased to report that despite these challenges and Covid restrictions, Jameson has been largely able to continue to engage with key stakeholders to progress the EA process for Crown Mountain, albeit with some time delays and restricted ability to undertake site visits. I note the emergence of Omicron variant which has substantially increased infection rates in Canada. The impact that has on our employees, our consultants, regulators and stakeholders remains unknown at this time.
The Company recognises the continued demand for premium hard coking coal and the lack of advanced quality projects that are able to supply to meet that demand. The Company also recognises that new projects need to be developed in a manner which minimises carbon emissions, ensure protection of key environmental values and maximises engagement of indigenous nations and local communities.
The Board and I are confident that we have the Right Project, in the Right Location and the Right Market to meet the challenge and opportunity for new steelmaking coal supply. Critically, we also believe that the skills and experience of the Jameson board and management both in Australia and in Canada provide the Right Team to position both Crown Mountain and the company to be a leader of a new era of steelmaking coal supply.
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Jameson Resources Limited
Managing Director's Address
Annual General Meeting 14 January 2022
For personal use only
About Jameson Resources
• Jameson is an ASX listed pure steelmaking | Share Capital | |||||||||
Sustainable growth to | coal developer | ASX ticker | JAL | |||||||
• Primary focus is its flagship asset, the Crown | Share Price (13 Jan 2022) | A$0.073 | ||||||||
maximise enterprise | Mountain Hard Coking Coal (HCC) Project | Shares Outstanding (post Nov 2021 Capital Raise) | 343m | |||||||
value | • Will consider other steelmaking coal | |||||||||
Market Capitalisation | A$25.0m | |||||||||
opportunities in developed countries that | Trading Range (6 month) | A$0.07 to A$0.10 | ||||||||
are development ready or close to | ||||||||||
Cash on Hand (31 Dec 2021) | $3.3M* | |||||||||
• The critical ongoing role of steelmaking coal | Major shareholders | |||||||||
in global economic development is | Top 20 Shareholders | 69.5% | ||||||||
recognised | Australian Super Pty Ltd | 14.9% | ||||||||
• Seeking to be an ESG leader and engaging | ||||||||||
Hillboi Nominees Pty Ltd | 6.6% | |||||||||
ESG leadership key to | with all stakeholders to enable delivery of | Perth Investment Corporation Ltd | 5.6% | |||||||
sustainable outcomes for local and regional | ||||||||||
success | communities, customers and the | Subsidiaries | ||||||||
environment | NWP Coal Canada Ltd (owns 90% Crown Mountain HCC Project) | |||||||||
• Aiming to be among the world's lowest | • Jameson Resources | 80% | ||||||||
carbon intensity producers of steelmaking | • Subsidiary of Bathurst Resources | 20% | ||||||||
coal | Dunlevy Energy Inc | 100% | ||||||||
* Cash on Hand is unaudited and includes cash held by JAL and held in NWP | ||||||||||
Responsibly supplying raw materials essential to improving people's lives... | ||||||||||
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Corporate Profile
- Cash on hand (at 31-Dec-21) $3.3m
- Additional cash of:
- $285,000 to be received from Share Purchase Plan
- $105,000 from Director share subscription (if approved by shareholders at AGM)
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Jameson Resources Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 00:31:02 UTC.
