Overview

Finland

100% Rajapalot gold-cobalt exploration project located just south of the Arctic Circle in Finnish Lapland - a significant greenfields discovery on the path to a multi-million ounce field. Inferred Mineral Resource Sept 2020 of 9.0 million tonnes @ 2.1 g/t gold, 570 ppm cobalt, 2.5 g/t gold equivalent for 716,000 ounces AuEq. 20km resource expansion drilling starting December 2020.

Victorian Goldfields of Australia

One 100% owned-project and 2 joint ventures into high-grade, Fosterville-style (shallow-orogenic epizonal) exploration projects with numerous untested historic mines. Historic mining >200g/t gold. ROFR on largest land position in Victoria. Geophysics and drilling (5km) from August 2020).

Mt Isa Cannington-Style Silver Target, Queensland Australia

483 square kilometres of granted exploration licences in the Cloncurry district of Mt Isa, over a combined 60 kilometres along strike and parallel to South32 Ltd's Cannington silver-lead mine, the ninth largest silver producer in the world. Drill program (800m) fully funded drill program by Qld government.

Western USA Project

Epithermal gold in Oregon. Third party investment for US$1.2 million to earn up to an 80% interest. After the US$1.2M investment, Mawson will hold a 20% non-dilutable position in the project, free carried until a decision to mine.