Announcement Date: 2022-11-28
Announcement Type: PEA
Announcement Code: NI43-101
Company name: Mawson Gold Ltd.
Project name: Rajapalot
Location: Finland
Commodities: Gold
Highlight: PEA result incl. Post Tax NPV (5%) of USD $211M & IRR of 26.5%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: This Technical Report has been prepared for Mawson Gold Limited (Mawson) by SRK Consulting (Finland) Oy (SRK) with contributions from AFRY Finland Oy (AFRY), Resources Engineering & Management Pty Ltd (RE&M), Paterson & Cooke Nordic AB (P&C), Gosselin Mining and Sweco Oy (Sweco) to disclose the results of a maiden Preliminary Economic Assessment (PEA), completed in October 2022, in accordance with (NI) 43-101 on the Rajapalot Gold-Cobalt project in northern Finland. This Technical Report is a PEA on the Rajapalot gold cobalt project which has been prepared by a team of SRK consultants for, and on behalf of Mawson, a publicly-listed company in Canada. This report also incorporates a restatement of the Inferred Mineral Resource estimate for the Rajapalot project as at 26 August 2021. AFRY was commissioned by Mawson to report on the results of a Mineral Resource estimate (MRE) on the Rajapalot Property in Lapland, Finland where gold and cobalt are the primary elements of economic interest. Environmental Impact Assessment (EIA) and land use planning processes are supported by Vahanen (acquired by AFRY during 2021/22) and Sweco, respectively.
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