Jameson Reports Positive Prefeasibility for Crown Mountain

Jameson Resources Ltd. (ASX:JAL) announced that the prefeasibility study for its Canada-based Crown Mountain project indicates that it will have “outstanding economics and be technically robust.”

Highlights include:

• After-tax Payback Period of 2.7 years is exceptional and serves to mitigate project investment risk.
• Internal Rate of Return (IRR) is 33% pre-tax (26% after-tax) on base case start-up capital cost of US$339 million (includes 10% contingency).
• IRR increases to as high as 61% pre-tax with start-up capital cost of US$123 million if maximum leasing option is selected.
• NPV10 US$369 million pre-tax (US$223 million after-tax) on base case, increasing to up to US$410 million if leasing is selected.
• Early mine life production peaks at 2 million clean tpa, levelling off at 1.7 million tpa average over the project’s 16 year mine life.
• Low life-of-mine clean coal strip ratio of 9.9:1 BCM:t supports low cost production, with an average of 7.6:1 BCM:t during the first four years of operation.

Click here to read the full Jameson Resources Ltd. (ASX:JAL) press release.