A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over a mine life of 15 years.
ASX-listed Jameson Resources this week noted that the project would require a capital investment of some $309-million , with cash costs estimated at $93.17/t, while the study estimated a post tax net present value of $217-million and an internal rate of return of 27.2%.