Exciting Expansion at Mawson Finland Limited: Unearthed New Lens Uncovers 21.75 m of Gold at 5.25 g/t & 515 ppm Cobalt in Rajapalot’s Mineralized Zones!

Mawson Finland Limited, a wholly-owned subsidiary of Mawson Resources Limited, has recently announced a significant expansion in their known mineralized zones at Rajapalot in Finland with a notable find: a new lens intercept comprises 21.75 meters at 5.25 grams per tonne (g/t) of gold and 515 parts per million (ppm) of cobalt. So, what does this mean? This means that the company has widened its known mineral footprint on the Rajapalot site. In mineral exploration and mining, the term ‘lens’ refers to a deposit or accumulation of a mineral that is often isometric (three-dimensional) in nature. The thicker the lens, the greater volume of mineral it contains. Therefore, an interception of above 21 meters indicates a sizeable deposit – a promising result for Mawson Finland Limited. Now, let’s visualize the numbers. A concentration of 5.25 g/t of gold means that for every one tonne (1,000 kilograms) of material from this spot, 5.25 grams of gold can be extracted. The extraction of cobalt from this lens promises similar possibility. While the concentrarion of cobalt, 515 ppm, is smaller compared to gold, it’s a significant find, considering the increasing demand for this mineral in the rechargeable batteries market. Another noteworthy aspect of this announcement by Mawson Finland Limited lies in the nature of mineralization detected – the gold and cobalt. Gold, of course, has been a much-sought-after precious metal for thousands of years, not just as a tangible store of value but for various industrial applications as well. In light of events affecting global economies, gold continues to be an asset of choice for investors. On the other hand, cobalt, a lesser-known but vital element, has seen its demand skyrocket in recent years. It is a key component in the construction of lithium-ion batteries, which power a wide range of devices- from our everyday smartphones to electric vehicles. With the ongoing global movement towards sustainability and renewable energy sources, cobalt’s importance is expected to rise. The recent findings by Mawson Finland Limited at Rajapalot are testament to Finland’s rich mineral wealth that is yet untapped. These deposits occur in a geological region nicknamed the Golden Triangle due to the high relevance of such findings in this area. With infrastructure in place and environmental permit processes underway, the