Name of the Project
Crown Mountain coking coal project.

Location
The project is located in British Columbia, Canada.

Project Owner/s
Jameson Resources.

Project Description
A bankable feasibility study (BFS) has delivered robust economic outcomes and has reaffirmed that Crown Mountain represents a compelling high-quality coking coal opportunity for development, with a competitive operating and capital cost structure, as well as access to existing common user rail and port infrastructure.

The mine will produce high-quality, low volatile metallurgical coal, with the life-of-mine (LoM) product mix being 86% hard coking coal and 14% pulverised coal injection coal.

The mine plan is based on an average LoM production rate of 1.7-million tonnes a year of saleable coal. All coal extraction is undertaken through openpit mining of the North, East and South pits. The BFS assumes a run-of-mine coal production of 57.5-million tonnes.

The BFS reflects a 15-year LoM, with future potential to increase reserves through the conversion of the existing inferred resource, excluded from the BFS, with additional exploration and quality testwork in the southern extension.

The project has measured and indicated resources of 66.5-million tonnes and inferred resources of 23.7-million tonnes.

Total run-of-mine coal reserves are estimated at 57.54-million tonnes.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $376-million and an internal rate of return of 36.4%, with a payback of two years.

Capital Expenditure
Preproduction capital expenditure is estimated at $309-million.

Planned Start/End Date
Not stated.

Latest Developments
The BFS has identified several areas of potential optimisation that Jameson Resources plans to assess to maximise the economic outcomes while finalising the environmental assessment approval, which is on track.

The environmental assessment is expected to be submitted in the March quarter of 2021.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Jameson Resources, tel + 61 8 9200 4473 or email admin@jamesonresources.com.au.