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Canada

Crown Mountain Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Coal (metallurgical)
  • Coal (hard coking)
  • Coal (PCI)
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Crown Mountain Hard Coking Coal Project has been advanced through exploration and coal quality work, Preliminary Economic Assessment, a PreFeasibility Study completed in 2014, an Updated Pre-Feasibility in 2017, the release of the Bankable Feasibility Study (BFS) in July 2020 and the Yield Optimisation Study completed in Aug 2021.

The Formal Application Review phase of the EIS/A process commenced by both the EAO and IAAC in January 2024. Jameson is preparing responses to the submissions made during this review and expects to submit all responses in the March quarter 2025.

Under the provisions of the Federal and Provincial Joint Assessment and Engagement Plan for the Project, the Regulators timeframe is paused while Jameson responds to those information requests. Following submission of the responses to information requests, the Federal and Provincial regulators will determine whether any further information or assessment is required.

Owners

SourceSource
CompanyInterestOwnership
Bathurst Resources Ltd. 19.85 % Indirect
Jameson Resources Ltd. 70.15 % Indirect
The Crown Mountain Project is 90% owned by Jameson Resources Ltd.'s Canadian Subsidiary, NWP Coal Canada Ltd that is 77.94% owned by Jameson and 22.06% by Bathurst Resources Limited.

Contractors

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Deposit type

  • Sedimentary

Summary:

The Crown Mountain Coal project lies within the Elk Valley coal field in southeast British Columbia, Canada.

The property is divided into three structural domains with separate geological attributes. The domains are referred to as the North Block, South Block and the Southern Extension Block. The Crown Mountain thrust fault (“CMF”) separates the North Block from the South Block. The Southern Extension Block is not part of the BFS.

Coal seams are hosted within the Jurassic to Lower Cretaceous Mist Mountain Formation. The coal bearing Mist Mountain Formation is underlain by the Morrissey Formation which includes the regional cliff forming Moose Mountain Member.

Drilling has intersected three principal seams, named Seam 8, Seam 9 and Seam 10. The Seam 8 and 10 consist of three major plies – Upper, Middle and Lower. The term major seam has been defined to include all seven seams in order to distinguish them from other coal horizons referred to as rider seams.

The seven major seams have combined average net coal zone thickness of 28.0m in the North Block and 14.5m in the South Block.

Dimensions
The Crown Mountain property is divided into two distinct structural domains separated by a northerly trending thrust fault or CMF. There are three prospects within the project area, the “North Block” which is positioned above the CMF and the “South Block” and “Southern Extension” which are both below the CMF. The “Southern Extension” is excluded from the current study.

Strike lengths for each of the three prospects are: North Block – 1.5km, South Block - 4.4km and Southern Extension – 4.1km.

The major seams in the North Block are structurally bound within a south plunging syncline, extending from surface to a maximum depth of 155m. Coal seams in the South Block extend from surface to a maximum depth of 150m and are structurally bound within a syncline that has been truncated by the thrust fault and only the east limb of the syncline remains.

The Southern Extension is a continuation of the South Block coal measures. Based on structural mapping, there is evidence for increased structural complexity.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

LOM Processing Yield is 52.9%
CommodityUnitsAvg. AnnualLOM
Coal (metallurgical) Mt 228
Coal (hard coking) Mt 25
Coal (PCI) Mt 3.8
All production numbers are expressed as clean coal.

Operational metrics

Metrics
ROM coal, LOM  ....  Subscribe
Plant annual capacity  ....  Subscribe
Raw coal annual capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
* According to 2021 study.

Production Costs

CommodityUnitsAverage
Cash costs Coal (hard coking) USD  ....  Subscribe
Total cash costs Coal (hard coking) USD  ....  Subscribe
Assumed price Coal (hard coking) USD  ....  Subscribe
* According to 2021 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Equipment leasing costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe

Required Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 8, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 31, 2024
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Nov 8, 2024

EmployeesYear
...... Subscription required 2020

Aerial view:

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