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Bathurst Resources Ltd ( (AU:BRL) ) has provided an announcement.
Jameson Resources Limited has provided an update on the feasibility of its Crown Mountain Hard Coking Coal Project, confirming the validity of its reserves despite inflationary pressures on capital and operating costs. The updated feasibility study indicates a significant increase in the project’s pre-tax net present value, highlighting its competitive position in the market. The project, which is the most advanced steelmaking coal project in Canada, is poised to meet the medium to long-term demand for premium steelmaking coal, supported by ongoing progress in the environmental assessment process and partnerships with Indigenous Nations.
More about Bathurst Resources Ltd
Jameson Resources Limited is involved in the mining industry, focusing on the development of high-quality hard coking coal projects. The company operates primarily through its Canadian subsidiary, NWP Coal Canada Ltd, which is 77.8% owned by Jameson and 22.2% by Bathurst Resources Limited. The Crown Mountain Hard Coking Coal Project is a key asset, positioned as a low-cost, high-quality open cut mine located in the Elk Valley of British Columbia.
Average Trading Volume: 57,062
Technical Sentiment Signal: Sell
Current Market Cap: A$171.6M
See more data about BRL stock on TipRanks’ Stock Analysis page.