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Jameson Resources (ASX:JAL) - Chief Executive Officer, Michael Gray
Chief Executive Officer, Michael Gray
Source: Jameson Resources
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  • Jameson Resources (JAL) says the results from a recent Yield Optimisation Study for its Crown Mountain Project in Canada provide a significant economic benefit
  • The study determined an increased Life-of-Mine product yield of 52.9 per cent compared with 48.8 per cent in the bankable feasibility study
  • The study also resulted in a forecasted 8.4 per cent increase in average annual product coal sales
  • Jameson Resources shares closed friday’s session in the grey to trade at 9.5 cents

Jameson Resources (JAL) said the results from a recent Yield Optimisation Study for its Crown Mountain Project in Canada have provided a significant economic benefit.

The study follows a bankable feasibility study completed by the company on the British Columbia-situated hard coking coal project in July 2020.

The company said the study has confirmed increased production and substantially improved potential economic outcomes.

This includes increasing product ash levels from 9.5 per cent to 10.5 per cent for the project’s North and East pits and from 9.5 per cent to 11 per cent product for South Pit product.

According to Jameson Resources, these increased product ash levels enable increased processing yield which results in a direct increase in product coal and export sales.

In addition, the study determined an increased Life-of-Mine product yield of 52.9 per cent compared with 48.8 per cent in the bankable feasibility study.

Jameson said this has resulted in an 8.4 per cent increase in average annual product coal sales, from 1.8 to 1.96 million tonnes per annum.

The forecasted reduced production costs and increased sales volume has resulted in an overall 25 per cent increase in pre-tax net present value to US$469 million (A$639 million) on figures from the bankable feasibility study.

Jameson Resources shares closed friday’s session in the grey to trade at 9.5 cents.

JAL by the numbers
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