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Additional information
Additional Information
Market: ASX
Sector: Coal
Epic: JAL
News: Latest news
Web Site: Jameson Resources
Other Articles: 01-06-201023-04-201003-02-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Jameson Resources

Jameson Resources

Jameson Resources has entered into an option agreement to acquire the Basin Thermal Coal Mine (“Basin”) located in British Columbia, Canada. Basin has a large resource base of 124 million tonnes of raw coal with significant exploration upside. The Company is in the final stages of a feasibility study to recommission the existing mine at an expanded production rate between 500,000 and 700,000 tonnes per annum.  Feasibility will be completed in the March quarter of 2010 and pending a decision to mine, production could commence by late 2010. Preliminary estimates support a cash operating margin of approximately $US20 per tonne based on 2010 futures contract pricing of thermal coal.

Tuesday, June 01, 2010

Jameson Resources agrees to Basin Coal Mine twelve month extension

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Jameson Resources (ASX: JAL) has agreed to a twelve month extension of term and also a revision of the Option to Purchase Agreement with project vendors Compliance Energy Corporation (CVE: CEC) relating to the Basin Coal Mine Project. The agreement is subject to formal documentation.

The mine is located 300 km east of Vancouver near the town of Princeton, British Columbia.

The Agreement has been amended such that there will be no further consideration payable by Jameson in the event that it elects to exercise the Option to acquire the Basin Coal Mine Project. This would provide the company with an opportunity to conduct further exploration.

John Holmes, executive director,  said the company has agreed to meet the property holding costs related to the Basin Coal Mine during the twelve month extension (estimated to be approximately CAD $150,000).

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