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Jameson Resources Limited ( (AU:JAL) ) has issued an announcement.
Jameson Resources Limited has provided an update on the feasibility of its Crown Mountain Hard Coking Coal Project, highlighting significant economic improvements. The updated feasibility study, conducted by independent technical advisers, confirms the project’s proven and probable reserves and reflects increased capital and operating costs due to inflation and revised coal price forecasts. Despite these cost increases, the project’s pre-tax net present value has surged by 200%, underscoring its competitive position in the market. The project is positioned as the most advanced steelmaking coal project in Canada, with substantial value and cost competitiveness, poised to meet the anticipated shortfall in premium steelmaking coal supply.
More about Jameson Resources Limited
Jameson Resources Limited is involved in the mining industry, focusing on the development of hard coking coal projects. Its primary project, the Crown Mountain Hard Coking Coal Project, is located in British Columbia, Canada, and aims to produce high-quality, low-cost coal. The company is advancing this project through its Canadian subsidiary, NWP Coal Canada Ltd, which is partly owned by Bathurst Resources Limited.
Average Trading Volume: 75,782
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.32M
Learn more about JAL stock on TipRanks’ Stock Analysis page.