Our 100% Rajapalot gold-cobalt project covers 17,989 hectares of exploration permits 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 August 2021 of 10.91 Mt @ 3.0 g/t AuEq, (2.5 g/t gold and 443 ppm cobalt) for 1.04 Moz AuEq (887 koz gold and 4.8 kt cobalt).
We are working on further derisking the project through growing the resource base with further drilling, through continuing to work on the ongoing permitting and land rezoning processes with local authorities and by conducting early stage internal engineering studies.
Although not the main economic driver of the project, the cobalt contained within the current resource makes Rajapalot Europe's 7th largest cobalt deposit and a strategic asset as an ethical and sustainable source of the metal for Finland's strategy of battery supply chain security.
Victorian Goldfields of Australia
We have one 100% owned-project and two joint ventures (Mawson 70% each) in high-grade, Fosterville-style (shallow-orogenic epizonal) exploration projects with numerous untested historic mines across 19,365 hectares of granted exploration tenements in Victoria's Melbourne Zone. Historic mining in the area produced at >200g/t gold but never tested mineralization to depth. Through our JV structure, we hold a Right of First Refusal of 3,600 sq km, the largest land position in Victoria.
We are engaging in continuous geophysics and drilling across all properties and have already demonstrated we have a significant new discovery at Sunday Creek with intercepts that are both wide and high grade showing continuity within just 1km of the total 11kms of strike we have at the property.
Mt Isa Cannington-Style Silver Target, Queensland Australia
In Queensland we have 483 sq km 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. Our initial drill hole of 800m was fully funded by the Queensland government.
Western USA Project
We have an epithermal gold opportunity in Oregon, USA where a third party is investing US$1.2m 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.