GOLD COBALT ANTIMONY AUSTRALIA FINLAND - Mawson ...
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GOLD COBALT ANTIMONY AUSTRALIA FINLAND
Corporate Presentation
JULY 2021
@mawsongold TSX : MAW; OTCPINK : MWSNF www.mawsongold.com
Disclaimer
Accuracy of Information: Readers are directed to the public disclosure of Mawson Gold Limited (“Mawson”) available under
Mawson’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. Information
contained in this presentation was believed to be accurate at the time it was posted, but may be superseded by more recent public
disclosure of Mawson. Mawson makes no representations or warranties as to the accuracy, reliability, completeness or timeliness of
the information in this presentation.
Forward-Looking Information: Some of the statements contained in this presentation may be forward-looking statements or
forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All
statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those,
which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of
future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of
various factors, including, but not limited to, capital and other costs varying significantly from estimates, changes in world metal
markets, changes in equity markets, planned drill programs and results varying from expectations, delays in obtaining results,
equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations,
delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the
heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson does not
assume the obligation to revise or update forward-looking statements or information that may be contained in this presentation or to
revise them to reflect the occurrence of future unanticipated events.
NI 43-101 Technical Report: On September 14, 2020 the updated resource estimation was completed by Rodney Webster of AMC
of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester
are independent “qualified persons” as defined by NI 43-101. The NI 43-101 technical report is entitled “Rajapalot Property Mineral
Resource Estimate NI 43-101 Technical Report” and dated September 14, 2020 (the “Updated Technical Report”). The Updated
Technical Report may be found on the Company’s website at www.mawsongold.com or under the Company’s profile on SEDAR
at www.sedar.com. Readers are encouraged to read the entire Updated Technical Report.
Qualified Person: The qualified person for Mawson’s projects, Nick Cook, Chief Geologist for Mawson, and a Fellow of the
Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this presentation.
JULY 2021
2
Executing to plan, making discoveries
Finland Gold Cobalt – 100%
Oregon Gold
Derisking, building, expanding
Diluting to 20%, free carry to production after US$1.2M spend
`
Queensland – Ag, Cu, Au
Fully funded QLD gov
Large 785 sq km strategic holding
Victorian Goldfields – Gold Antimony
Leading discovery from Victorian goldfields in
North American market
3
Strategy and Catalysts – Finland
Finland
Strategy: Create value by continuing to build a multi-million-ounce
field (aim: 200Koz/yr production profile) while derisking current
and existing ounces via social licensing, permitting and
engineering
▪ Resource upgrade at Rajapalot August 2021 post 2021 19km drill
program
▪ Target +1Moz inferred (from 716Koz AuEq) – August 2021
▪ 43 drill holes remain to be announced – news flow
▪ Drilling again September 2021 – April 2022
▪ Further build internal mining team
▪ Metallurgical work – substantial public funds from Finland
▪ Support from local communities for EIA, land use rezoning, PEA
decision
4
Strategy and Catalysts – Victoria
Victoria
Strategy: Spinco re-rate in the making, develop significant
resource via discovery in world’s highest-grade jurisdiction
▪ Sunday Creek
▪ Drilling demonstrating continuity of gold-stibnite at depth and
along strike (trenching, soils, geophysics), drilling ongoing, secure
freehold
▪ Redcastle
▪ High grade opportunities immediately along strike from Costerfield
mine (recent success)
▪ Largest landholder in the Melbourne Zone – 3,600km2 ROFR
5
Finland: Derisking, building, expanding
Dec 2018 Sept 2020 August 2021 2021
4.3Mt @ 2.3 g/t Gold 9.0Mt @ 2.1 g/t Gold Aim: Tested 5-10%
430ppm Cobalt 570ppm Cobalt +1Moz AuEq Multi-million ounce
360Koz AuEq Inf 716Koz AuEq Inf growth potential
119 holes for 15.2 km 213 holes 47.4 km 19.4 km drilled in 2020/21
Average hole depth 128 metres Average hole depth 225 metres Results being released
Build and expand: EIA permitting and land
use zoning underway = derisking
▪ Sustainable/ethical metals in Finland receive strong National and EU support
▪ Mawson owns Top 10 EU strategic cobalt resource, strong local support (ESG)
▪ Metallurgically free milling gold, cobalt liberates – gravity, flotation, magnetic (clean)
66
Rompas-Rajapalot: A Big New Camp
2020 Drilling – Discovery cost @ $10/oz inferred
10% of 65km host explored to date
Joki East
Best ever hole in Finland 2011:
6 metres @ 617 g/t gold
including
1 metre @ 3,540 g/t gold
Sept 2020 Resource Area
9.0 mt @ 2.1 g/t gold, 570 ppm cobalt,
2.5 g/t gold equivalent for 716,000 ounces AuEq
7
Rajapalot Resource Upgrade August 21
2021 Resource Upgrade
South Palokas (June 2021) 2 new areas, 6 expansion areas in total
PAL0235: 15.3 metres @ 3.9 g/t AuEq Palokas
PAL0288: 11.0 metres @ 4.6 g/t AuEq
19.4 kilometre drill program complete. A total of 47 drill
holes for 11,746 metres from five individual prospect
areas remain to be reported through July/August 2021
OPEN
The
Hut
Raja (July 2021 results)
The Hut (April 2021 results)
PAL0297: 20.7 metres @ 7.5 g/t AuEq
PAL0259: 70.3 metres @ 1.6 g/t AuEq
PAL0295 15.7 metres @ 4.5 g/t AuEq
PAL0302 2.0 metres @ 7.2 g/t AuEq
OPEN
Raja
Joki East Blind Discovery (April 2021)
Rumajärvi PAL0252: 1.5 metres @ 19.6 g/t AuEq
N
PAL0247: 5.5 metres @ 7.4 g/t AuEq
PAL0241: 1.6 metres @ 29.2 g/t AuEq
0 1 km
8
European Significance
▪ Rajapalot is already 7th largest European cobalt resource – and expanding (cobalt by-product with
14% in-situ value)
▪ Finland refines half the world’s cobalt outside of China, but mines just 650 tonnes or 0.5% of the
world's cobalt
New Exploration
Technologies
9
Metallurgy
▪ Gold: 95% - 99% (average 97%) recovery obtained by a combination of gravity (26-48%) and
conventional cyanidation*, or +90% by flotation (+100g/t Au con)
*SGS Cornwall
▪ Cobalt: Mineralogical work shows cobalt hosted in cobaltite (85% mass) and linneate (15% mass)
in certain areas and cobalt pentlandite only in other areas, magnetic separation (>90% pyrrhotite =
low sulphide tailings), flotation (23-63% or 78-93% for cobaltite)
▪ Business Finland 50:50 co-funded C$1.2M cobalt met studies (June 2021)
▪ BATCircle2.0 program for Finland to deliver sustainable and ethically sourced metals and minerals for their
national battery supply chain and circular economy
Hypothetical flow sheet
Design 1
10Southern Cross Gold
▪ Southern Cross Gold is Mawson’s 100%-owned Australian company that
holds all Australian resource assets
▪ Southern Cross Gold: spinco opportunity
▪ Three of the nine historic epizonal fields in Victoria, 471 sq km tenure
▪ Flagship Sunday Creek (100%) plus Redcastle and Whroo (70%
JVs)
▪ Right of first refusal over 3,600 square kilometre tenement
package
▪ Strategic 10% equity investment into Nagambie Resources Ltd
(A$4.5M value)
▪ 785 sq km tenure in the Cloncurry district of the Mount Isa block, over
a combined 60 km of strike
11Victoria on Fire: Grade and Scale
Highest-grade underground gold mines in the world –
Victoria dominates
Mawson Gold 2020/21
• 0.3m @ 82.8 g/t Au, 13.8% Sb (96.5 g/t AuEq)
• 0.3m @ 74.0 g/t Au, 4.8% Sb (78.7 g/t AuEq)
• 0.3m @ 45.1 g/t Au, 25.3% Sb (70.3 g/t AuEq)
Source: Mines and Metals
Mandalay June 2021
• 0.3m @ 172.3 g/t Au
Top gold producers based on production 2020 • 0.7m @ 127.0 g/t Au
• 0.1m @ 712.8 g/t Au
E79 June 2021
• 0.7m @ 99.0 g/t Au
• 11.1m @ 160.5 g/t Au
• incl. 0.60m @ 2,430 g/t Au
*Costerfield (Mandalay) Global Top 5 for antimony
12The 80Moz Victorian Goldfields
Mawson
Projects
North Central Ground
Release Tender Mawson ROFR
3,600sq km
Whroo JV
Fosterville
8.2Moz Au
Redcastle JV
Costerfield Sunday Creek
1.2 Moz AuEq 100%
Epizonal Gold
Melbourne
Mesozonal Gold
Mawson Nagambie Right of First Refusal
0 90 km Mawson Tenements
Third Party Tenements
13Sunday Creek 11km Strike Extent
Aftermath
Consols Tonstal
Leviathan
DRILL AREA
Soil Program
Golden Dyke Apollo
0 5 km
LiDAR Background 14Sunday Creek: Golden Dyke to Apollo
15Sunday Creek Cross Section
16Redcastle JV – Mine Lease Extensions of Costerfield
Mawson has drilled 15 holes
(MDDRE001-015) for
2,774.8m at Redcastle.
Welcome Group Results TBA.
28,850 oz were produced from
8669.5 tonnes at a grade of
103.6 g/t gold Redcastle
17km of Au-Sb veins
untested to depth
North Central Ground
Release Tender
2 km
Costerfield
1.2 Moz AuEq
6th highest grade
gold mine globally
2020
Recent discoveries at Costerfield (June 2021)
0 8 km
Mineralized gold-
antimony veins 17Redcastle 17km veins, 40,000 workings
Dyke
27 metres depth
11.5 metres wide @ 25-120
Why Not g/t gold from 160 tonnes
4.9 metres wide
Last crushing
produced 128.25
oz @ 21.6g/t from
188 tonnes
Mitchels
1.2 to 2.4 metres thick
and yielded from 5.6 g/t
to 111.6 g/t gold
Welcome Group
28,850 oz were produced from
8669.5 tonnes at a grade of
103.6 g/t gold
Beautiful Venus
76 metres deep with and “good
stone was left underfoot”.
Yields of up to 418 g/t gold are
LEGEND reported and thickness 0.6
metres to 0.9 metres
Alluvial Gold
Never a drill hole beneath
Hard rock gold showing
historic workings until
October 2020
0 10
LiDAR Background: Light Detection and Ranging km 18Strategic 785 sq km holdings in Mt Isa
0 30
km
19ESG and Local Support
▪ Mawson is a member of relevant industry networks in both
Finland and Australia and comply with and abide by their
standards and policies on
▪ Sustainable Exploration/Mining
▪ Community relationships, environment and safety
▪ Water policies
▪ Subscriber to Digbee ESG benchmark disclosure platform
▪ Independent peer review of our policies and practices
▪ Around 3/4 of respondents to a local survey had a positive
attitude towards mineral exploration in their home-area and
in general
▪ Around 2/3 welcomed mining
20Mawson’s Technical Program
2021 2022
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
FINLAND SUMMER DRILLING
FINLAND WINTER DRILLING
FINLAND EIA/LAND USE REZONING
FIN
RESOURCE PEA
VICTORIA DIAMOND DRILLING (SUNDAY CK, REDCASTLE)
AUS
RESOURCE
AUS SPINCO POTENTIAL
21Ownership & Capital Structure
Capitalization Summary Major Shareholder Summary
Share Price (JULY 07, 2021) C$0.24 %
Institutions (+11, including reporting SEP, Ruffer,
Basic Shares Outstanding 255.9M 60.0
Franklin, Sprott, Merk, Mackenzie, US Global)
Fully Diluted 322.2M Corporates (Newmont, Orano (Areva)) 10.0
Basic Market Capitalization C$61.4M Insiders 3.0
Cash C$6.5M TOTAL 73.0
TOTAL ENTERPRISE VALUE C$55.1M
Warrants and Options Share Price Performance – 1 Year
Range bound
Exchanges: TSX : MAW; OTCPINK : MWSNF; Frankfurt : MXR
22Discovery is About Leadership
Directors Management Finland and Australia
Noora Ahola Michael Hudson Noora Ahola
Environmental Chairman & CEO Environmental Director &
30 yrs Geology, Capital Markets MD - Mawson OY
Nick DeMare 12 yrs Finnish Env. Admin.
CPA Dr. Nick Cook
Chief Geologist Bouke van 't Riet
David Henstridge 25 yrs Geology Non-Executive Technical
Geologist Director Mawson Oy
Nicholas Mead Mining Engineering
Michael Hudson Corporate Development
Tapani Hyysalo
Geologist
Mariana Bermudez Chief Operating Officer -
Colin Maclean Corporate Secretary Finland
Geologist / Finance
Nick Demare Lisa Gibbons
Philip Williams CFO Manager Geology,
Stakeholder Engagement,
Corporate Finance
and Compliance
30 yrs Geology
Georgina Carnegie
Adviser Ex: World Bank,
OECD
23Building Value By Drilling and Discovery
▪ A high-quality gold exploration portfolio in two safe, Tier 1 mining friendly jurisdictions (Finland
and Australia). Drilling does not stop.
▪ Fully funded and permitted on all projects
▪ Finland: The base
▪ Significant and strategic regional-scale multi-million ounce potential gold-cobalt discovery in
Northern Finland
▪ Inferred Mineral Resource Sept 2020 of 9.0 million tonnes @ 2.1 g/t gold, 570 ppm
cobalt for 716,000 ounces @ 2.5 g/t AuEq
▪ Winter drilling campaign
▪ Resource upgrade – August 2021
▪ Victoria: The upside
▪ Southern Cross Gold ASX Spinco Potential
▪ Three epizonal high-grade gold assets with substantial historic mines that have not been
tested to depth, ROFR on 3,600 sq km;
▪ Sunday Creek (100% Mawson) – width and grade, consistently hitting across multiple
sheeted veins, gold extending to depth, 11km trend undrilled
▪ 36.4 metres @ 2.4 g/t Au and 0.4% Sb, 10.4 metres @ 5.4g/t Au, 1.0% Sb (6.4 AuEq),
15.2 metres @ 3.7 g/t Au, 0.25 Sb (3.9 g/t AuEq).
▪ 2.0 metres @ 18.6 g/t Au and 0.5% Sb (19.1 g/t AuEq), 0.3 metres @ 82.8 g/t Au and
13.8% Sb (96.5 g/t AuEq), 0.1 metres @ 52.6 g/t Au and 7.5% Sb (60.0 g/t AuEq)
▪ Redcastle mine lease extension to Costerfield – 17km untested gold veins
24Contact Us
CORPORATE SECRETARY MAWSON OY
SUOMI (FINLAND)
Noora Ahola
Mariana Bermudez
Managing Director (Mawson OY)
- Corporate Secretary
& Environmental Director
Tel: +1 (604) 685 9316
Ahjotie 7, 96320 Rovaniemi,
Fax: +1 (604) 683 1585
Finland
info@mawsonresources.com
nahola@mawson.fi
TECHNICAL CONTACT CORPORATE DEVELOPMENT
Nick Cook Nicholas Mead
Chief Geologist Manager Corporate Development
ncook@mawsongold.com nmead@mawsongold.com
25Peers Victoria – Revaluation Potential
Mawson Resources Ltd (TSX:MAW) C$61.4M
www.mawsonresources.com
Mandalay Resources Ltd (TSX:MND) C$288M
www.mandalayresources.com
E79 Resources Ltd (CSE:ESNR) C$72.5M
www.e79resources.com
Fosterville Sth Exploration Ltd (TSXV:FSX) C$83.5M
www.fostervillesouth.com
Leviathan Gold Ltd (TSXV.LVX) C$35.9M
www.leviathangold.com
Outback Goldfields Ltd (CSE:OZ) C$26.0M
www.outbackgoldfields.com
Catalyst Metals Ltd (ASX:CYL) A$196.6M
www.catalystmetals.com.au
Stavely Minerals Ltd (ASX:SVY) A$112.2M
www.stavely.com.au
Chalice Gold Mines Ltd (ASX:CHN) A$2.75B
www.chalicegold.com
Kalamazoo Resources Ltd (ASX:KZR) A$48.8M
www.kzr.com.au
Navarre Minerals Ltd (ASX:NML) A$66.0M
www.navarre.com.au
* Updated as of July 07, 2021 26Peers Finland
Mawson Resources Ltd (TSX:MAW) C$61.4M
www.mawsonresources.com
Aurion Resources Ltd (TSXV:AU) C$97.7M
www.aurionresources.com
Rupert Resources Ltd (TSXV:RUP) C$927.8M
www.rupertresources.com
Firefox Gold Corp. (TSXV:FFOX) C$29.7M
www.firefoxgold.com
* Updated as of July 07, 2021 27You can also read
