🕐02.05.14 - 03:54 Uhr

JAMESON RESOURCES LTD [ASX:JAL] - PROJECT AND CORPORATE UPDATE





Fortbridge Media Release

Jameson Resources Ltd [ASX:JAL] - Project and Corporate Update

Jameson Resources Ltd (�Jameson�, the �Company�) is pleased to provide its project and corporate update. The Company continues to focus on its two main coking coal projects, Crown Mountain and Dunlevy, and remains firmly committed to advancing them on schedule.

Highlights:

* The Crown Mountain prefeasibility study is advancing on track.

* Governmental review of the Dunlevy NoW is progressing.

* Jameson has held discussions with governmental agencies regarding the initiation of the environmental assessment process for Crown Mountain and intends to commence that activity this quarter.

* Advancement of the Crown Mountain and Dunlevy projects will continue as has been previously announced.

* Jameson has elected to drop its ownership of the Red Earth sub-bituminous coal prospect in Saskatchewan, to reduce holding costs and continue to focus on its western Canadian coking coal assets.

* The company has achieved significant cost reductions in administrative categories and remains debt-free with a cash balance of $3.5million.

To view the full announcement, please see attached.

For further information please contact:

Art Palm
Chief Executive Officer
P +61 (8) 9200 4473
E








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