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Additional Information

Market:	ASX
Sector:	Coal
EPIC:	JAL
Latest Price:	0.33 (4.76% )
52-week High:	0.33
52-week Low:	0.06
Market Cap:	31.62M

1 year chart

1 day chart

Jameson Resources

Jameson Resources (ASX:JAL) is focused on the identification and acquisition of strategic coal projects in Western Canada and Australasia.

The company has entered into an option agreement to acquire the Crown Mountain Coal Project in the Elk Valley region of south-east British Columbia. Two significant metallurgical coal operations are located within 20km of the project area.

Jameson Resources divests non core gold assets at Ora Banda

Thursday, October 01, 2009

Near term coal producer Jameson Resources (ASX: JAL) is divesting non core gold assets, agreeing to sell its Ora Banda gold assets in Western Australia to Winchester Resources Limited. Winchester is an Australian public company which intends to raise $2.0 million via an Initial Public Offering on the ASX.

As consideration, Jameson will receive 10,000 and the issue to Jameson 750,000 fully paid ordinary shares in Winchester upon listing.

The agreement with Winchester is conditional upon Winchester listing on the ASX within six months.

The divestment will enable Jameson to focus upon the recommissioning of the Basin thermal coal mine in British Columbia.

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