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Government issues additional coal license for Crown Mountain metallurgical coal project

Published by , Digital Assistant Editor
World Coal,

Jameson Resources has announced the Chief Gold Commissioner of British Columbia has granted Jameson’s Application for an additional Coal License at the Crown Mountain Metallurgical Coal Project.

Jameson applied for the license in 2013. The Application has undergone considerable review, including consultations with First Nations and other entities.

The area covered by the Application has been moderately reduced (by less than 5%) to eliminate an overlap with adjacent private lands. That reduction does not affect the value of this license to the project.

Although there is potential for additional coal resource on this License, it was mainly acquired to provide control to Jameson over the area designated in the 2014 Pre-feasibility Study (PFS) for the wash plant and a portion of the spoil pile.

The Crown Mountain project is currently in the pre-application phase of the Environmental Assessment process. An update of Crown Mountain’s 2014 PFS is underway, with a focus on reductions in CAPEX and OPEX. Also incorporating changes in macroeconomic conditions, the updated PFS is targeted for a late 1Q17 completion.

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