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Crown Mountain Coking coal project negotiations underway

Published by
World Coal,

Jameson resources is continuing to advance the Crown Mountain project on three fronts: executing baseline environmental studies onsite, beginning the drafting process of the Application for an EA Certificate, and initiating engineering (focused on the spoil disposal site design).

The advancement of these key items keeps the company on its development pathway as set out in the April 2017 Updated PFS, targeting first production in 2020.

Discussions continue with several entities regarding potential offtake and/or investment. Site visit scheduling is underway.

The company recently applied for additional coal exploration licenses adjacent to Crown Mountain.

The continuing advancement of Crown Mountain, the financially robust PFS Update, and a strong coking coal market, have generated a great deal of interest in Jameson. It is the company’s objective to negotiate funding for remaining permitting and Bankable Feasibility expenses, with an eye on provisions related to construction costs as well.

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