The British Columbia tax code provides for a partial recoup of exploration funds which, in Jameson’s case, strengthens its financial position as it continues to pursue the permitting and development of Crown Mountain, which is the prolific Elk Valley coal field in southeastern BC next to the Crows Nest coal field.
Together, these coal fields host five of Canada’s 23 producing coal mines which produce more than 21 million tonnes per annum of export quality metallurgical and thermal coal and more than 70% of the country’s total coal exports annually.
Jameson received notice last November that Crown Mountain was reviewable under BC legislation, marking the formal start of the provincial environmental assessment process.
The company completed a prefeasibility study in August that projected “outstanding” economics for Crown Mountain, in which Jameson has a 90% stake. Crown Mountain has a measured resource of 59.2Mt.
Jameson’s tenement portfolio in British Columbia is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and its assets are all close to railways connecting to export facilities.
