 Don Benito is one of the two principal historic uranium mining and processing areas within the country. Spain produced uranium as recently as 2002. The Don Benito area includes 35 kilometre potential along strike from an historic open pit uranium mine with a global resource of 9.4 million pounds of U3O8, of which 5.2 million pounds at 0.1% U3O8 remain in situ. The mine area is overlain by a Mineral State Reserve to which Mawson has no entitlement. The Company has entered discussions with authorities to have the State Mineral Reserve lifted. Significant infrastructure remains in place including power and road access.
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 Hotagen The Hotagen uranium mineralized district in Northern Sweden is secured by Mawson's 8,360 hectares of exploration claims and includes the Company's Klappibacken project where a 50% upgraded NI43-101-compliant indicated resource of 3.3 million pounds at 0.08% uranium oxide ("U3O8") was recently announced. In total 21 separate project areas have been defined at Hotagen. Recent results include the discovery of sixty-six individual outcropping uranium mineralized areas within Mawson's exploration clams over an area of 8 kilometres by 7 kilometres. Uranium at Kläppibäcken is hosted by brecciated fluorite-rich granite from surface. The breccia is 50-70 metres thick. Drilled to date over 125m length. NI43-101 compliant indicated resource 3.3 million pounds at 0.08% U3O8. Recent Mawson drill intersections include 56 metres for 0.1% U3O8 from 20 metres. The project remains open in all directions. Kapell Three claims over a 15 km trend with high grade sandstone hosted/roll front mineralization. Unique in Sweden -- potential for new camp to be identified. Better drill intersections include: 2.65 m @ 1.54% eU3O8 from 21.8 m (drill hole AVI75402) 2.65 m @ 1.05% eU3O8 from 3.2 m (drill hole AVI75401) Duobblon The Duobblon uranium project contains a CIM-compliant inferred resource of 8.8 million pounds at 0.03% U3O8 drilled over 1 kilometre. The host sequence remains undrilled over additional 4 kilometres. Arvidsjaur-Areplog Mawson has granted a third party, ASX-listed Hodges Resources Ltd, the right to earn up to 51% in the project by funding work program expenditures of US$0.5 million over 4 years on 4 of Mawson's earlier stage uranium projects (including the Norr Döttern and Harrejokk projects in the Arvidsjaur-Areplog area) in Sweden and up to 75% by fully funding any project to successful bankable feasibility. Other projects joint ventured to Hodges are Sjaule in Hotagen Åsnebogruvan in Southern Sweden. Tasjo A 3 to 10 metre thick uranium mineralized phosphatic shale exists over a 40 kilometre strike at the Tåsjö project. An exploration target of 75 to 150 million tonnes has been estimated and confirmed by NI43-101 report at a grade between 0.03% to 0.07% U3O8 for 104 to 116 million pounds of contained U3O8 and 165,000 to 180,000 tonnes of rare earth metals.
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 The Nuottijärvi project is one of Finland's largest known uranium deposits with an historical resource of 2.9 million tonnes at 0.044% U3O8 (2.9 million pounds of U3O8). The mineralized body is 40 metres in thick, extends from surface to a vertical depth of 80 metres, trends over a strike length of more than 400 metres and remains open along strike and at depth. At Saramäki, uranium is hosted within an apatite bearing breccia along a 4,000 metre long and up to 200 metre wide zone, and is similar in style to uranium mineralization Nuottijärvi. Better intersections include 21.9 metres @ 0.04 % U3O8 from 82 metres and 5.6 metres @ 0.07 % U3O8 from 62 metres.
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