
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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Nuottijärvi Project
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.
Saramäki Project
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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Alto Quemado Project
A new gold+copper discovery in Peru. Evidence of two styles of mineralization have been discovered:
- High-grade (20-40g/t Au) and near-term production exploration target in multiple veins over +3km; and
- Large tonnage-low grade copper gold porphyry target, strong IP over 1.8km by 500m (remains open)
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