🕐03.02.14 - 07:00 Uhr

JAMESON RESOURCES LIMITED [ASX:JAL] - CANNACORD GENUITY RESEARCH NOTE





Fortbridge Media Release

Jameson Resources Limited [ASX:JAL] - Cannacord Genuity Research Note

Jameson Resources Limited (ASX:JAL) advises that a research note has been prepared by Canaccord Genuity.

The Research Note reports that Jameson Resources (JAL) has completed an equity raising of $3m at 20c per share. The raising was significantly oversubscribed with the funds to be used to complete the Pre-Feasibility Study at Crown Mountain as well as underpin the working capital for Dunlevy Exploration. Cannacord continues to view Jameson as an exciting early stage explorer in the coking coal sector with minimal exploration risk.

Investment Highlights from the Research Note

� The equity raising has increased the working capital position from $2.4m at Dec 31, 2013 to in excess of $5m. This provides ample funds to complete both the Pre-Feasibility Study for Crown Mountain as well as the maiden drill program at Dunlevy.

� JAL commenced the Pre-Feasibility Study on Crown Mountain in late 2013 which is anticipated to be completed by June 2014. We also expect further coal testwork results to be announced in the near future for the two remaining large diameter core (LDC) drill holes completed in the 2013 drill program.

� At Dunlevy, the exploration program is aiming to establish the number of coal seams, seam thickness, coal quality as well as overall geological structure of the western limb of the Dunlevy syncline. We anticipate regular news flow on the back of the maiden drill program over the MarQ. A successful program should potentially result in a maiden JORC Resource for Dunlevy. An initial Exploration Target of 100 to 150 million tonnes of potential metallurgical coal has been identified by an independent geologist. This target was based on a single coal seam of 1.5m thick.

To view the full Research Note, please see attached.

For more information please contact:

Suzie Foreman
Company Secretary
+61 (8) 9200 4473








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