Jameson Resources Limited (“Jameson” or “The Company”) was listed on the Australian Stock Exchange on 18th December 2007.  The Company has an 80% interest in the Ora Banda Gold Project in the Eastern Goldfields, and also two exploration Licenses in the Gascoyne Province of Western Australia.

The Company has recently 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 19 million tonnes of raw coal with significant exploration upside. The high volatile sub bituminous and bituminous thermal coal is of export quality with specifications after washing including calorific value of 6080 kcal/kg (a.d.b.), 12% ash, and 0.5% sulphur.

Jameson has commenced a re-commissioning study on the project. Preliminary estimates indicate Basin’s operating costs to be approximately US$50 per tonne (FOB). Mining Permits and other necessary approvals are in place to facilitate re-start of mining and processing operations.  Several existing coal transportation options are available with capacity at ports for export to overseas markets.  

Interest has already been expressed from potential off-take partners.