Mawson – Renewal of Gold-Cobalt Exploration Permit

We assisted Mawson in obtaining a new three-year exploration permit for the Kairamaat 2-3 exploration area located inside the Mustiaapa-Kaattasjärvi Natura 2000 area. Kairamaat 2-3 is a part of the flagship Rompas-Rajapalot gold-cobalt discovery (the exploration permit was granted on 18 January 2019). Mawson Oy is a subsidiary of Mawson Resources Limited (TSX:MAW), that has distinguished itself as a leading Nordic exploration company with a focus on the flagship Rompas-Rajapalot gold-cobalt discovery in Finland.

The Finnish Mining Authority, TUKES, the responsible permitting authority, made a clear decision to regrant the permit for 3 years, while ensuring all environmental values of the permit area will be secured. The ruling was based on Mawson’s comprehensive Natura assessment and mitigation procedures to avoid impacts on the natural environment. As is standard under Finnish Administrative law, the permit is appealable within 30 days of the decision. However, the enforcement order allows commencement of work according to the legal enforcement of the earlier exploration permit conditions (i.e. drilling operations), until any appeals, if received, are addressed by the Administrative Court.

Mawson Resources Limited is an exploration and development company with a focus on the resource expansion of its high-grade Rompas-Rajapalot gold-cobalt in Finland. Mawson has distinguished itself as a leading Nordic Arctic exploration company.

Rompas-Rajapalot is a significant and strategic gold-cobalt resource for Finland with the recently published maiden resource already positioned as one of Finland’s current top three gold resources by grade and contained ounces and one of a small group of cobalt resources prepared in accordance with NI 43-101 policy within Europe.