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Associated Press
07-07-2025
- Business
- Associated Press
Mawson Finland Drills Major Step-Out Expansion at Raja Zone, Expands South Palokas & New Lens Zones, and Makes New Near-Surface Discovery
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 7, 2025 / Mawson Finland Limited ('Mawson' or the 'Company') (TSX-V:MFL)(FRANKFURT:PM6) is pleased to announce results from remaining drillholes from the 2025 drilling season at the Company's wholly-owned Rajapalot gold-cobalt project in Finland (see Figure 1, Table 1, Table 2, and Table 3). Highlights: Ms. Noora Ahola, Mawson Finland CEO, comments: 'Our 2025 winter drilling campaign has delivered exceptional results, with significant discoveries and extensions validating Rajapalot's exceptional growth potential across multiple zones. The standout achievement is our 200-metre down-plunge extension at Raja Deeps, which has substantially expanded the mineralised footprint with outstanding higher-grade intercepts of 0.7 metres at 18.0 g/t gold and 7.9 metres at 2.3 g/t gold with 868 ppm cobalt - highlighted by a 1-metre interval grading 8.6 g/t gold. We've also achieved an 80-metre strike extension at South Palokas Deeps and a 46-metre down-plunge step-out at New Lens in the footwall zone, with significant intercepts of 4.2 metres at 2.5 g/t gold and 371 ppm cobalt, plus 2.6 metres at 3.9 g/t gold and 463 ppm cobalt in drillhole PAL0195. Perhaps most exciting, is our discovery of entirely new mineralisation 300 metres west of Raja, where drillhole PAL0387 intersected 0.5 metres at 14.4 g/t gold within a broader 9.8-metre mineralised zone. This breakthrough demonstrates significant exploration upside within our existing footprint. Gold-Cobalt mineralisation has now been drilled to approximately 650 metres below surface at South Palokas and approximately 680 metres below surface at the Raja, with the mineralising system remaining open at depth across the entire project. Our comprehensive 830-hole base-of-till program is nearing completion, while we continue advancing critical mine permitting processes including environmental impact assessment and zoning approvals.' Technical Discussion During the 2025 winter drilling programme at Rajapalot a total of 33 drillholes of NQ diamond core, 11,397 m was drilled. To date, gold-assay results (and partial cobalt analysis) have been received for all drillholes completed in this drilling season and presented in Table 1, 2 and 3, and summarised in Figure 1. Raja Deeps: Target-test drilling (drillhole PAL0388) of a conductive anomaly defined through DHEM geophysics, located in the down-plunge/down-dip position of the Raja projected mineralised zone (see news release dated February 11, 2025) has intercepted 7.9 m @ 2.29 g/t Au and 868 ppm cobalt from 668.3 m downhole (including a rare occurrence on visible gold as reported April 24, 2025, grading 1 m @ 8.64 g/t Au and 725 ppm Co). Three additional 'navi' wedge holes were drilled from PAL0388 in order to follow up this intercept (collared between 420 and 462 m downhole), where PAL0388b returned an intercept of 0.7 m @ 18 g/t Au (cobalt TBA). Drillholes PAL0388a and PAL0388c also intercepted the mineralised horizon but returning lower-grade intercepts (refer to Table 2 and Table 3, and Figure 1 and Figure 2). Overall, these drilling intercepts represent a significant down-plunge step-out of the Raja zone, extending the known mineralised envelope of Raja by over 200 m from the previously deepest recorded intercept (refer to Figure 2). Raja West: Target-test drilling in an area approximately 300 metres west of the Raja zone intercepted a very-shallow and broad 9.8 m thick interval of disseminated iron-sulphides, returning a gold-rich intercept of 1.5 m @ 5.47 g/t Au, including 0.5 m @ 14.4 g/t Au from only 29 m downhole (refer to Figure 1 and Figure 2). While geological interpretation of this important new intercept is still underway, this mineralised occurrence at Raja West is hosted in the immediate footwall of a north-west dipping, severely hydrothermally altered shear-zone, conforming to the geological setting of all other mineralised gold-cobalt occurrences in the Rajapalot area. As such, further exploration drilling will take place at Raja West in the upcoming 2026 drilling season, where down-dip step-out to this new mineralised zone will be tested. New Lens/South Palokas: A total of 8 drillholes were drilled into the New Lens zone of South Palokas, of which 4 drillholes were tails/extensions drilled off existing diamond drillholes that previously ended immediately below the South Palokas zone of gold-cobalt mineralisation; some 80 to 100 m short of where New Lens lies. Of these 8 drillholes, 2 intercepted significant intercepts in New Lens; PAL0016 and PAL0195. Drillhole PAL0195 was extended to test the down-plunge extension and continuation of the New Lens zone, where it successfully intersected multiple significant intercepts approximately 80 m down-plunge of the next nearest drillhole PAL0335. Significant intercepts recorded from PAL0195 include 4.23 m @ 2.46 g/t Au and 371 ppm Co (from 340.2 m), and 2.6 m @ 3.94 g/t Au and 463 ppm Co (from 399.35 m); refer to Figure 3 and Figure 4. Drillhole PAL0016 was extended in order to test for lateral, northwards extension from drillhole PAL0364, where it intercepted significant mineralisation of 13.9 m @ 1.03 g/t Au and 666 ppm Co (from 291.6 m), increasing the gold-cobalt mineralised envelope of New Lens to the north by around 43 m. Drillholes PAL0379, PAL0383, PAL0389 and PAL0393 did not intercept significant mineralisation in the New Lens zone, however, all did intercept gold-cobalt mineralisation as they passed through the South Palokas zone on their intended journey towards the New Lens target depth. PAL0383 intercepted 5.2 m @ 2.61 g/t Au and 1170 ppm Co (from 127.6 m), and 3.7 m @ 1.04 g/t Au and 758 ppm Co, from (137.45 m), representing a 18 m of mineralised step-out to the south in the upper region of the South Palokas zone. PAL0393 recorded up to 1.55 m @ 1.76 g/t Au and 168 ppm Co and 5.85 m @ 0.52 g/t Au and 224 ppm Co as it passed through the already inferred area of mineralisation in the upper-most portions of South Palokas zone supporting both grade and geological continuity as it has been modelled here. Palokas: Drilling at deep Palokas consisted of 5 holes in total, all targeting down-dip extensions of the Palokas gold-cobalt system. Drillholes PAL0380 and PAL0386 intercepted significant mineralisation, where PAL0380 recorded multiple significant intercepts (recording a best of 6 m @ 1.03 g/t gold; as reported in previous release dated February 11, 2025), and PAL0386 intercepted a single, thinner interval of 1.05 m @ 2.26 g/t Au (cobalt results not yet received). Drillholes PAL0377, PAL0382, PAL0386 and PAL0396 all intercepted the targeted sulfide-bearing shear structure however, the intercepted sulfidic-rich zones are not gold-bearing in these drillholes due to the interaction of the host-structure with a change in host-recks to the unfavourable dolostone rock units. Location of these Palokas drill-intercepts are illustrated in Figure 3. Technical Background, Data Verification and Quality Assurance and Quality Control Four diamond drill rigs from MK Core Drilling Oy, Comadev Oy and Arctic Drilling Company Oy, all with water recirculation and drill cuttings collection systems, were used in this drill program. Core diameter is NQ2 (50.7 mm). Core recoveries are excellent and average close to 100% in fresh rock. After photographing and logging in Mawson's Rovaniemi facilities, core intervals of between 0.4 to 2 m are taken, then half-sawn by independent contractors the Geological Survey of Finland (GTK) in Rovaniemi, Palsatech Oy in Kemi and Geopool Oy in Sodankylä. The remaining half core is retained for verification and reference purposes. Analytical samples are transported by commercial transport from site to the independent contractor CRS Minlab Oy ('CRS') facility in Kempele, Finland. Samples were prepared and analyzed for gold using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (including cobalt) are pulped at CRS, then transported by air to MSALABS in Vancouver, Canada and analyzed using four acid digest ICP-MS methods. All the foregoing laboratories are independent of the Company. The quality assurance and quality control program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate samples by quartering the core, and blanks placed within sample runs in interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process. In addition to the sample preparation and security measures described above, data verification procedures are well integrated into the Company's quality assurance and quality control program. Routine ongoing checking of all data is undertaken prior to being uploaded to the database. This will be followed by independent data verification audits at exploration milestones throughout the Rajapalot project's development. Dr. Fromhold (see 'Qualified Person' below) has also reviewed the qualifications and analytical procedures of the above-mentioned laboratories, photographs of drill cores, and the PEA in connection with verifying the exploration information presented herein. Of the 33 drillholes drilled, 3 holes were abandoned due to excessive and unexpected deviation leaving 30 drillholes drilled to target/completion. Additionally, a further 5 drillholes were tails/continuations of existing and older drillholes, while 3 drillholes were 'navi' or directional holes collared beneath the surface from an existing deep drillhole. All maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393). Tables 1-3 provide collar and assay data. Due to the typically low angles of drill intercepts, the true thickness of the mineralized intervals are interpreted to be approximately 80-90% of the drilled thickness. Table 3 gives detailed individual assay data of all intervals reported in this press release. Intersections are reported with a lower cut of 0.3 g/t Au over 1 m sampled intervals, with composite data (Table 2) containing no more than 2 m of consecutively sampled waste-rock (i.e., 2 m @ <0.05 g/t Au). No upper-cut was applied. Deposit Model At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralisation are consistently located within highly-sheared and foliated wall-rocks adjacent to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralisation is typically encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite ± cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralisation at Rajapalot occur across a 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to approximately 650 metres below surface at both South Palokas and Raja prospects, with mineralisation remaining open at depth across the project. Rajapalot Mineral Resource An Inferred Mineral Resource ('MRE') has been calculated for the Rajaplot project (effective date August 26, 2021), and is based on an 'underground only' mining scenario containing 9.8 million tonnes @ 2.8 g/t gold ('Au') and 441 ppm Co, equating to 867 thousand ounces ('koz') gold and 4,311 tonnes of cobalt. Rajapalot Inferred Mineral Resource Effective August 26, 2021 Qualified Person The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a 'qualified person' as defined under NI 43-101. Dr. Fromhold is not considered independent of the Company under NI 43-101 as he is a consultant of the Company. About Mawson Finland Limited Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometres Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 13 granted exploration permits for 11,262 hectares. In Finland, all operations are carried out through the Company's fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot. Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at or on SEDAR+ at Media and Investor Relations Inquiries Please contact: Neil MacRae Executive Chairman at [email protected] or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at [email protected] or +358 (505) 213-515. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release. Forward-looking Information This news release includes certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws (collectively, 'forward-looking information') which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'aims', 'may', 'could', 'would', 'will', 'must' or 'plan'. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company's quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Figure 1: Locality Plan view map illustrating collar positions and drill-hole traces from Mawson's 2025 winter drilling campaign as drilled to time of writing; inset box illustrates location of Figure 2, while green lines represent section lines of Figure 3 and Figure 4. Figure 2: Plan view illustration of the Raja system displaying intercepts from 2025, as highlighted with drillhole numbers in bold. Red arrows indicate the direction where gold-cobalt mineralisation remains untested and open. Table 1: Drillhole collar locations presented within (finish KKJ grid), with corresponding hole orientations (azimuth and dip measured in degrees), total depth, and prospect target. Results from drillholes in regular text are presented within, holes in italics have previously been published. Table 2: Composited gold and cobalt concentrations from the drillholes reported in this news release. Individual assay values are listed in Table 3 hereinbelow. 1True-thickness of the mineralized intervals are interpreted to be approximately 80-90% of the Drilled Thickness. True-thickness is not precisely known at this time. Table 3: All gold sample intervals with their corresponding gold and cobalt concentrations (where available), that are contained within above composited intervals, that meet the lower-cut criteria of 1 m intervals at greater than 0.3 g/t gold, containing no more than 2 m of internal waste (i.e., 2 consecutive m intervals containing samples grading <0.3 g/t). SOURCE: Mawson Finland Limited Related Images press release
USA Today
07-07-2025
- Business
- USA Today
Mawson Finland Drills Major Step-Out Expansion at Raja Zone, Expands South Palokas & New Lens Zones, and Makes New Near-Surface Discovery
Mawson Finland Limited ('Mawson' or the 'Company') (TSX-V:MFL)(FRANKFURT:PM6) is pleased to announce results from remaining drillholes from the 2025 drilling season at the Company's wholly-owned Rajapalot gold-cobalt project in Finland (see Figure 1, Table 1, Table 2, and Table 3). Highlights: Significant 200 m down-plunge step-out at Raja (Raja Deeps) (Figure 1, and Figure 2), including: PAL0388b – 0.7 m @ 18.0 g/t gold (cobalt TBA) PAL0388 – 7.9 m @ 2.29 g/t gold and 868 ppm cobalt, including: 1 m @ 8.64 g/t gold and 725 ppm cobalt 80 m strike-extension of South Palokas (South Palokas Deeps), and a 46 m down-plunge step-out at New Lens, located in the footwall-zone of the South Palokas mineralised system. Significant intercepts include: 4.2 m @ 2.46 g/t Au and 371 ppm Co (from 340.2 m), and 2.6 m @ 3.94 g/t Au and 463 ppm Co (from 399.4 m) in PAL0195. Discovery of a new gold-only occurrence of mineralisation situated approximately 300 m west of Raja in drillhole PAL0387 , assaying 0.5 m @ 14.4 g/t gold , contained within a wider 9.8 m interval lower-grade zone. Extensive Bottom-of-till drill programme nearing completion with a total of 830 holes drilled from a planned 900 holes Mine permitting including environmental impact assessment and zoning approvals ongoing. Ms. Noora Ahola, Mawson Finland CEO, comments: 'Our 2025 winter drilling campaign has delivered exceptional results, with significant discoveries and extensions validating Rajapalot's exceptional growth potential across multiple zones. The standout achievement is our 200-metre down-plunge extension at Raja Deeps, which has substantially expanded the mineralised footprint with outstanding higher-grade intercepts of 0.7 metres at 18.0 g/t gold and 7.9 metres at 2.3 g/t gold with 868 ppm cobalt – highlighted by a 1-metre interval grading 8.6 g/t gold. We've also achieved an 80-metre strike extension at South Palokas Deeps and a 46-metre down-plunge step-out at New Lens in the footwall zone, with significant intercepts of 4.2 metres at 2.5 g/t gold and 371 ppm cobalt, plus 2.6 metres at 3.9 g/t gold and 463 ppm cobalt in drillhole PAL0195. Perhaps most exciting, is our discovery of entirely new mineralisation 300 metres west of Raja, where drillhole PAL0387 intersected 0.5 metres at 14.4 g/t gold within a broader 9.8-metre mineralised zone. This breakthrough demonstrates significant exploration upside within our existing footprint. Gold-Cobalt mineralisation has now been drilled to approximately 650 metres below surface at South Palokas and approximately 680 metres below surface at the Raja, with the mineralising system remaining open at depth across the entire project. Our comprehensive 830-hole base-of-till program is nearing completion, while we continue advancing critical mine permitting processes including environmental impact assessment and zoning approvals.' Technical Discussion During the 2025 winter drilling programme at Rajapalot a total of 33 drillholes of NQ diamond core, 11,397 m was drilled. To date, gold-assay results (and partial cobalt analysis) have been received for all drillholes completed in this drilling season and presented in Table 1, 2 and 3, and summarised in Figure 1. Raja Deeps: Target-test drilling (drillhole PAL0388) of a conductive anomaly defined through DHEM geophysics, located in the down-plunge/down-dip position of the Raja projected mineralised zone (see news release dated February 11, 2025) has intercepted 7.9 m @ 2.29 g/t Au and 868 ppm cobalt from 668.3 m downhole (including a rare occurrence on visible gold as reported April 24, 2025, grading 1 m @ 8.64 g/t Au and 725 ppm Co). Three additional 'navi' wedge holes were drilled from PAL0388 in order to follow up this intercept (collared between 420 and 462 m downhole), where PAL0388b returned an intercept of 0.7 m @ 18 g/t Au (cobalt TBA). Drillholes PAL0388a and PAL0388c also intercepted the mineralised horizon but returning lower-grade intercepts (refer to Table 2 and Table 3, and Figure 1 and Figure 2). Overall, these drilling intercepts represent a significant down-plunge step-out of the Raja zone, extending the known mineralised envelope of Raja by over 200 m from the previously deepest recorded intercept (refer to Figure 2). Raja West: Target-test drilling in an area approximately 300 metres west of the Raja zone intercepted a very-shallow and broad 9.8 m thick interval of disseminated iron-sulphides, returning a gold-rich intercept of 1.5 m @ 5.47 g/t Au, including 0.5 m @ 14.4 g/t Au from only 29 m downhole (refer to Figure 1 and Figure 2). While geological interpretation of this important new intercept is still underway, this mineralised occurrence at Raja West is hosted in the immediate footwall of a north-west dipping, severely hydrothermally altered shear-zone, conforming to the geological setting of all other mineralised gold-cobalt occurrences in the Rajapalot area. As such, further exploration drilling will take place at Raja West in the upcoming 2026 drilling season, where down-dip step-out to this new mineralised zone will be tested. New Lens/South Palokas: A total of 8 drillholes were drilled into the New Lens zone of South Palokas, of which 4 drillholes were tails/extensions drilled off existing diamond drillholes that previously ended immediately below the South Palokas zone of gold-cobalt mineralisation; some 80 to 100 m short of where New Lens lies. Of these 8 drillholes, 2 intercepted significant intercepts in New Lens; PAL0016 and PAL0195. Drillhole PAL0195 was extended to test the down-plunge extension and continuation of the New Lens zone, where it successfully intersected multiple significant intercepts approximately 80 m down-plunge of the next nearest drillhole PAL0335. Significant intercepts recorded from PAL0195 include 4.23 m @ 2.46 g/t Au and 371 ppm Co (from 340.2 m), and 2.6 m @ 3.94 g/t Au and 463 ppm Co (from 399.35 m); refer to Figure 3 and Figure 4. Drillhole PAL0016 was extended in order to test for lateral, northwards extension from drillhole PAL0364, where it intercepted significant mineralisation of 13.9 m @ 1.03 g/t Au and 666 ppm Co (from 291.6 m), increasing the gold-cobalt mineralised envelope of New Lens to the north by around 43 m. Drillholes PAL0379, PAL0383, PAL0389 and PAL0393 did not intercept significant mineralisation in the New Lens zone, however, all did intercept gold-cobalt mineralisation as they passed through the South Palokas zone on their intended journey towards the New Lens target depth. PAL0383 intercepted 5.2 m @ 2.61 g/t Au and 1170 ppm Co (from 127.6 m), and 3.7 m @ 1.04 g/t Au and 758 ppm Co, from (137.45 m), representing a 18 m of mineralised step-out to the south in the upper region of the South Palokas zone. PAL0393 recorded up to 1.55 m @ 1.76 g/t Au and 168 ppm Co and 5.85 m @ 0.52 g/t Au and 224 ppm Co as it passed through the already inferred area of mineralisation in the upper-most portions of South Palokas zone supporting both grade and geological continuity as it has been modelled here. Palokas: Drilling at deep Palokas consisted of 5 holes in total, all targeting down-dip extensions of the Palokas gold-cobalt system. Drillholes PAL0380 and PAL0386 intercepted significant mineralisation, where PAL0380 recorded multiple significant intercepts (recording a best of 6 m @ 1.03 g/t gold; as reported in previous release dated February 11, 2025), and PAL0386 intercepted a single, thinner interval of 1.05 m @ 2.26 g/t Au (cobalt results not yet received). Drillholes PAL0377, PAL0382, PAL0386 and PAL0396 all intercepted the targeted sulfide-bearing shear structure however, the intercepted sulfidic-rich zones are not gold-bearing in these drillholes due to the interaction of the host-structure with a change in host-recks to the unfavourable dolostone rock units. Location of these Palokas drill-intercepts are illustrated in Figure 3. Technical Background, Data Verification and Quality Assurance and Quality Control Four diamond drill rigs from MK Core Drilling Oy, Comadev Oy and Arctic Drilling Company Oy, all with water recirculation and drill cuttings collection systems, were used in this drill program. Core diameter is NQ2 (50.7 mm). Core recoveries are excellent and average close to 100% in fresh rock. After photographing and logging in Mawson's Rovaniemi facilities, core intervals of between 0.4 to 2 m are taken, then half-sawn by independent contractors the Geological Survey of Finland (GTK) in Rovaniemi, Palsatech Oy in Kemi and Geopool Oy in Sodankylä. The remaining half core is retained for verification and reference purposes. Analytical samples are transported by commercial transport from site to the independent contractor CRS Minlab Oy ('CRS') facility in Kempele, Finland. Samples were prepared and analyzed for gold using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (including cobalt) are pulped at CRS, then transported by air to MSALABS in Vancouver, Canada and analyzed using four acid digest ICP-MS methods. All the foregoing laboratories are independent of the Company. The quality assurance and quality control program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate samples by quartering the core, and blanks placed within sample runs in interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process. In addition to the sample preparation and security measures described above, data verification procedures are well integrated into the Company's quality assurance and quality control program. Routine ongoing checking of all data is undertaken prior to being uploaded to the database. This will be followed by independent data verification audits at exploration milestones throughout the Rajapalot project's development. Dr. Fromhold (see 'Qualified Person' below) has also reviewed the qualifications and analytical procedures of the above-mentioned laboratories, photographs of drill cores, and the PEA in connection with verifying the exploration information presented herein. Of the 33 drillholes drilled, 3 holes were abandoned due to excessive and unexpected deviation leaving 30 drillholes drilled to target/completion. Additionally, a further 5 drillholes were tails/continuations of existing and older drillholes, while 3 drillholes were 'navi' or directional holes collared beneath the surface from an existing deep drillhole. All maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393). Tables 1-3 provide collar and assay data. Due to the typically low angles of drill intercepts, the true thickness of the mineralized intervals are interpreted to be approximately 80-90% of the drilled thickness. Table 3 gives detailed individual assay data of all intervals reported in this press release. Intersections are reported with a lower cut of 0.3 g/t Au over 1 m sampled intervals, with composite data (Table 2) containing no more than 2 m of consecutively sampled waste-rock (i.e., 2 m @ Deposit Model At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralisation are consistently located within highly-sheared and foliated wall-rocks adjacent to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralisation is typically encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite ± cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralisation at Rajapalot occur across a 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to approximately 650 metres below surface at both South Palokas and Raja prospects, with mineralisation remaining open at depth across the project. Rajapalot Mineral Resource An Inferred Mineral Resource ('MRE') has been calculated for the Rajaplot project (effective date August 26, 2021), and is based on an 'underground only' mining scenario containing 9.8 million tonnes @ 2.8 g/t gold ('Au') and 441 ppm Co, equating to 867 thousand ounces ('koz') gold and 4,311 tonnes of cobalt. Zone Cut-off (AuEq¹) Tonnes (kt) Au (g/t) Co (ppm) Au (koz) Co (tonnes) Palokas 1.1 5,612 2.8 475 501 2,664 Raja 1.1 2,702 3.1 385 271 1,040 East Joki 1.1 299 4.5 363 43 109 Hut 1.1 831 1.3 428 36 355 Rumajärvi 1.1 336 1.4 424 15 142 Total Inferred Resources 9,780 2.8 441 867 4,311 Rajapalot Inferred Mineral Resource Effective August 26, 2021 The independent geologist and Qualified Person as defined in NI 43-101 for the mineral resource estimates is Mr. Ove Klavér (EurGeol). The effective date of the MRE remains unchanged to the Previous MRE (August 26, 2021, available on SEDAR as filed by the previous owner, Mawson), and will be restated in the PEA technical report when it is filed. The mineral estimate is reported for a potential underground only scenario. Inferred resources were reported at a cut-off grade of 1.1 g/t (AuEq 1 Au g/t + Co ppm /1005) with a depth of 20 meters below the base of solid rock regarded as the near-surface limit of potential mining. Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using Ordinary Kriging in Leapfrog Edge. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied. A parent block size of 12 m x 12 m x 4 m (>20% of the drillhole spacing) was determined as suitable. Sub-blocking down to 4 m x 4 m x 0.5 m was used for geologic control on volumes, thinner and moderately dipping wireframes. Rounding of grades and tonnes may introduce apparent errors in averages and contained metals. Drilling results to 20 June 2021. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Qualified Person The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a 'qualified person' as defined under NI 43-101. Dr. Fromhold is not considered independent of the Company under NI 43-101 as he is a consultant of the Company. About Mawson Finland Limited Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometres Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 13 granted exploration permits for 11,262 hectares. In Finland, all operations are carried out through the Company's fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot. Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at or on SEDAR+ at Media and Investor Relations Inquiries Please contact: Neil MacRae Executive Chairman at neil@ or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@ or +358 (505) 213-515. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release. Forward-looking Information This news release includes certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws (collectively, 'forward-looking information') which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'aims', 'may', 'could', 'would', 'will', 'must' or 'plan'. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company's quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Figure 1: Locality Plan view map illustrating collar positions and drill-hole traces from Mawson's 2025 winter drilling campaign as drilled to time of writing; inset box illustrates location of Figure 2, while green lines represent section lines of Figure 3 and Figure 4. Figure 2: Plan view illustration of the Raja system displaying intercepts from 2025, as highlighted with drillhole numbers in bold. Red arrows indicate the direction where gold-cobalt mineralisation remains untested and open. Figure 3: Long-section illustration of the Palokas and South Palokas zones (left) and New Lens zone as located in the footwall of South Palokas (right) as projected onto the same panel. Intercepts from 2025 are highlighted with drillhole numbers in bold. Red dashed line represents the projection of the South Palokas cross-section as presented in Figure 4 (location of section lines illustrated in Figure 1; A and A'). Red arrows indicate the direction where gold-cobalt mineralisation remains untested and open. Figure 4: Cross-section of the South Palokas and New Lens (South Palokas footwall) zones of mineralisation. Drillholes from 2025 are presented as black bold lines, and results in bold red text. The location and projection of this cross-section is illustrated on the long section in Figure 3 with a dashed red-line (location of section line illustrated in Figure 1; B and B'). Table 1: Drillhole collar locations presented within (finish KKJ grid), with corresponding hole orientations (azimuth and dip measured in degrees), total depth, and prospect target. Results from drillholes in regular text are presented within, holes in italics have previously been published. Hole ID Easting KKJ Northing KKJ Elevation (mRL) Azimuth Dip Total Depth Prospect PAL0016ext 3408333.32 7373665.92 173.81 113.2 -58.1 329.5 (260.5) South Palokas PAL0122ext 3408353.99 7373580.12 175.04 117.2 -60.0 299.2 (209.6) South Palokas PAL0180ext 3408127.24 7372705.59 174.00 41.0 -61.4 812 (778.65) Raja PAL0195ext 3408354.19 7373579.82 175.05 62.6 -78.0 447.6 (254.6) South Palokas PAL0204ext 3408521.78 7373603.97 173.39 234.8 -85.0 287.8 (149.2) South Palokas PAL0373 3407806.74 7374005.83 171.99 127.6 -61.2 1004.0 South Palokas PAL0374 3408899.96 7372383.28 172.44 69.1 -75.2 300.0 Raja PAL0375 3409137.40 7374399.43 176.69 186.1 -44.8 400.8 Hirvimaa PAL0376 3408941.23 7372298.28 173.19 148.0 -63.2 167.6 Raja PAL0377 3408276.44 7374025.77 174.28 84.8 -65.1 551.5 Palokas PAL0378 3408816.57 7372713.16 174.45 183.1 -61.0 376.4 Raja PAL0379 3408499.30 7373520.30 174.18 130.1 -50.2 191.2 South Palokas PAL0380 3408275.85 7374025.30 174.20 101.1 -69.0 568.2 Palokas PAL0381 3408816.79 7372713.47 174.39 170.0 -67.0 380.0 Raja PAL0382 3408335.65 7373897.76 173.97 100.1 63.1 484.5 Palokas PAL0383 3408347.47 7373503.87 173.69 75.2 -73.0 404.0 South Palokas PAL0384 3408065.71 7373970.95 172.17 126.1 -79.9 809.6 South Palokas PAL0385 3409025.94 7372287.86 170.06 290.0 -73.0 209.1 Raja PAL0386 3408275.45 7374025.31 174.13 100.0 -77.3 638.3 Palokas PAL0387 3408552.29 7372181.02 173.68 154.7 -45.1 73.0 Raja PAL0388 3408237.23 7372831.33 182.18 50.6 -73.3 743.2 Raja PAL0388A 3408237.23 7372831.33 182.18 50.6 -75.3 722.5 Raja PAL0388B 3408237.23 7372831.33 182.18 50.6 -75.3 703.5 Raja PAL0388C 3408237.23 7372831.33 182.18 50.6 -75.3 716.1 Raja PAL0389 3408402.41 7373549.59 174.54 137.0 -45.1 217.7 South Palokas PAL0390 3408086.94 7373644.48 172.81 45.0 -79.5 230.5 Hole Abandoned PAL0391 3408238.79 7372832.20 181.87 56.0 -73.1 31.4 Hole Abandoned PAL0392 3408274.84 7374024.71 174.05 114.0 -70.3 589.8 Palokas PAL0393 3408402.75 7373550.19 174.34 124.9 -53.1 265.7 South Palokas PAL0394 3408086.84 7373644.42 172.81 45.0 -83.0 84.7 Hole Abandoned PAL0395 3408086.10 7373643.95 172.74 35.0 -83.0 680.6 South Palokas PAL0396 3407872.38 7373234.12 173.36 129.8 -66.0 368.9 Hut PAL0397 3407526.02 7372693.61 174.16 184.9 -44.9 260.0 Rumajarvi Table 2: Composited gold and cobalt concentrations from the drillholes reported in this news release. Individual assay values are listed in Table 3 hereinbelow. Hole ID From To Thickness (m)1 Gold (g/t) Gold (gram-m) Cobalt ppm PAL0016ext 291.60 305.50 13.90 1.03 14.32 666.1 PAL0195ext 340.20 344.43 4.23 2.46 10.39 370.5 PAL0195ext 347.50 348.25 0.75 0.45 0.33 340.4 PAL0195ext 357.35 358.15 0.80 0.42 0.34 579.4 PAL0195ext 362.00 363.00 1.00 0.30 0.30 673.3 PAL0195ext 391.10 393.25 2.15 0.34 0.74 719.1 PAL0195ext 399.35 401.95 2.60 3.94 10.25 462.8 PAL0379 5.60 11.80 6.20 1.17 7.23 268.3 PAL0381 202.20 203.00 0.80 0.42 0.34 TBA PAL0381 210.60 212.35 1.75 0.92 1.61 TBA PAL0383 83.85 84.85 1.00 0.90 0.90 116.6 PAL0383 90.75 91.75 1.00 0.69 0.69 76.4 PAL0383 105.00 111.60 5.00 0.49 3.21 227.8 PAL0383 127.60 132.80 5.20 2.61 13.60 1169.7 PAL0383 138.05 141.15 3.10 1.19 3.69 877.7 PAL0383 148.70 152.65 3.95 0.40 1.57 116.0 PAL0384 588.00 588.85 0.85 0.41 0.35 TBA PAL0386 462.00 463.05 1.05 2.26 2.37 TBA PAL0387 29.50 31.00 1.50 5.47 8.20 30.9 PAL0388 42.60 43.60 1.00 1.45 1.45 269.5 PAL0388 668.30 676.20 7.90 2.29 18.05 868.6 PAL0388 684.10 689.10 5.00 0.90 4.52 232.5 PAL0388A 690.90 692.30 1.40 0.96 1.34 1169.6 PAL0388B 688.20 688.90 0.70 18.00 12.60 TBA PAL0388C 683.00 686.35 3.35 0.64 2.14 TBA PAL0388C 694.45 696.65 2.20 0.72 1.57 TBA PAL0388C 698.63 701.00 2.37 0.49 1.15 TBA PAL0389 60.50 62.05 1.55 1.36 2.10 TBA PAL0389 66.70 68.55 1.85 0.90 1.67 TBA PAL0389 82.30 82.95 0.65 0.54 0.35 TBA PAL0393 66.90 68.45 1.55 1.76 2.72 167.9 PAL0393 94.15 100.00 5.85 0.52 3.07 224.1 PAL0395 523.75 529.20 5.45 1.53 8.32 TBA PAL0395 541.35 542.90 1.55 0.83 1.28 TBA PAL0395 549.70 555.55 5.85 1.40 8.20 TBA PAL0395 610.75 611.50 0.75 0.72 0.54 TBA 1True-thickness of the mineralized intervals are interpreted to be approximately 80-90% of the Drilled Thickness. True-thickness is not precisely known at this time. Table 3: All gold sample intervals with their corresponding gold and cobalt concentrations (where available), that are contained within above composited intervals, that meet the lower-cut criteria of 1 m intervals at greater than 0.3 g/t gold, containing no more than 2 m of internal waste (i.e., 2 consecutive m intervals containing samples grading Hole ID From (m) To (m) Length (m) Gold (g/t) Cobalt (ppm) Mineralisation PAL0016ext 291.60 292.60 1.00 0.63 458.7 New Lens PAL0016ext 292.60 293.30 0.70 0.13 359.7 New Lens PAL0016ext 293.30 294.30 1.00 2.61 758.4 New Lens PAL0016ext 294.30 295.30 1.00 1.20 1087.5 New Lens PAL0016ext 295.30 296.25 0.95 0.66 1074.7 New Lens PAL0016ext 296.25 297.25 1.00 0.97 785.2 New Lens PAL0016ext 297.25 298.15 0.90 0.45 624.6 New Lens PAL0016ext 298.15 299.10 0.95 0.37 419.9 New Lens PAL0016ext 299.10 300.00 0.90 0.47 465.5 New Lens PAL0016ext 300.00 300.80 0.80 0.95 791.6 New Lens PAL0016ext 300.80 301.60 0.80 0.11 395.9 New Lens PAL0016ext 301.60 302.60 1.00 0.92 788.2 New Lens PAL0016ext 302.60 303.60 1.00 3.35 612 New Lens PAL0016ext 303.60 304.60 1.00 0.95 804.7 New Lens PAL0016ext 304.60 305.50 0.90 1.05 400.9 New Lens PAL0195ext 340.20 340.60 0.40 0.58 479 New Lens PAL0195ext 340.60 341.70 1.10 0> 3.8 New Lens PAL0195ext 341.70 342.70 1.00 6.81 545.9 New Lens PAL0195ext 342.70 343.50 0.80 3.12 554.1 New Lens PAL0195ext 343.50 344.43 0.93 0.97 411 New Lens PAL0195ext 347.50 348.25 0.75 0.45 673.3 New Lens PAL0195ext 357.35 358.15 0.80 0.42 719.1 New Lens PAL0195ext 362.00 363.00 1.00 0.30 462.8 New Lens PAL0195ext 391.10 392.00 0.90 0.49 342.5 New Lens PAL0195ext 392.00 392.50 0.50 0.09 447.1 New Lens PAL0195ext 392.50 392.85 0.35 0> 144.7 New Lens PAL0195ext 392.85 393.25 0.40 0.69 373.4 New Lens PAL0195ext 399.35 399.75 0.40 0.38 810.8 New Lens PAL0195ext 399.75 400.75 1.00 0.55 659.3 New Lens PAL0195ext 400.75 401.20 0.45 11.10 358.8 New Lens PAL0195ext 401.20 401.95 0.75 6.07 481.8 New Lens PAL0379 5.60 6.80 1.20 1.52 398.8 South Palokas PAL0379 6.80 7.80 1.00 3.84 559.1 South Palokas PAL0379 7.80 8.80 1.00 0> 113.6 South Palokas PAL0379 8.80 9.80 1.00 0.28 103.3 South Palokas PAL0379 9.80 10.80 1.00 1.03 264.7 South Palokas PAL0379 10.80 11.80 1.00 0.31 144.3 South Palokas PAL0381 202.20 203.00 0.80 0.42 18.8 Raja PAL0381 210.60 211.60 1.00 1.20 72.4 Raja PAL0381 211.60 212.35 0.75 0.55 96.9 Raja PAL0383 83.85 84.85 1.00 0.90 116.6 South Palokas PAL0383 90.75 91.75 1.00 0.69 76.4 South Palokas PAL0383 105.00 106.00 1.00 0.85 155.7 South Palokas PAL0383 106.00 107.00 1.00 0.87 213.8 South Palokas PAL0383 107.00 108.00 1.00 0.13 169.4 South Palokas PAL0383 108.00 109.00 1.00 0> 56.4 South Palokas PAL0383 109.00 110.00 1.00 0.48 152.1 South Palokas PAL0383 110.00 110.70 0.70 0.08 25.1 South Palokas PAL0383 110.70 111.60 0.90 0.91 820.6 South Palokas PAL0383 127.60 128.50 0.90 3.23 1266.1 South Palokas PAL0383 128.50 129.50 1.00 3.78 1477 South Palokas PAL0383 129.50 130.45 0.95 6.48 1813.7 South Palokas PAL0383 130.45 131.40 0.95 0.18 428.5 South Palokas PAL0383 131.40 132.10 0.70 0.14 1065.4 South Palokas PAL0383 132.10 132.80 0.70 0.69 843.3 South Palokas PAL0383 138.05 138.75 0.70 2.47 1434.4 South Palokas PAL0383 138.75 139.75 1.00 0.16 944 South Palokas PAL0383 139.75 140.45 0.70 0.84 578.1 South Palokas PAL0383 140.45 141.15 0.70 1.73 526.1 South Palokas PAL0383 148.70 149.65 0.95 0.60 238.1 South Palokas PAL0383 149.65 150.65 1.00 0> 146.6 South Palokas PAL0383 150.65 151.65 1.00 0> 15.8 South Palokas PAL0383 151.65 152.65 1.00 1.10 69.8 South Palokas PAL0384 588.00 588.85 0.85 0.41 TBA South Palokas PAL0386 462.00 463.05 1.05 2.26 TBA Palokas PAL0387 29.50 30.00 0.50 14.40 35.8 Raja PAL0387 30.00 31.00 1.00 1.00 28.5 Raja PAL0388 42.60 43.60 1.00 1.45 269.5 Raja PAL0388 668.30 669.30 1.00 8.64 724.8 Raja PAL0388 669.30 670.30 1.00 1.15 1257.9 Raja PAL0388 670.30 671.20 0.90 1.28 607.4 Raja PAL0388 671.20 672.20 1.00 2.66 693.8 Raja PAL0388 672.20 673.20 1.00 0.98 744.3 Raja PAL0388 673.20 674.20 1.00 0.77 1098.5 Raja PAL0388 674.20 675.20 1.00 1.19 742.5 Raja PAL0388 675.20 676.20 1.00 1.51 1053.3 Raja PAL0388 684.10 685.10 1.00 0.98 101.1 Raja PAL0388 685.10 686.10 1.00 1.98 84.5 Raja PAL0388 686.10 687.10 1.00 0> 88.4 Raja PAL0388 687.10 688.10 1.00 0.83 121.8 Raja PAL0388 688.10 689.10 1.00 0.78 766.6 Raja PAL0388A 690.90 691.70 0.80 0.33 721.3 Raja PAL0388A 691.70 692.30 0.60 1.79 987.6 Raja PAL0388B 688.20 688.90 0.70 18.00 TBA Raja PAL0388C 683.00 684.00 1.00 0.43 TBA Raja PAL0388C 684.00 684.55 0.55 0.92 TBA Raja PAL0388C 684.55 685.55 1.00 0.88 TBA Raja PAL0388C 685.55 686.35 0.80 0.41 TBA Raja PAL0388C 694.45 695.45 1.00 0.56 TBA Raja PAL0388C 695.45 696.05 0.60 0.08 TBA Raja PAL0388C 696.05 696.65 0.60 1.61 TBA Raja PAL0388C 696.65 697.65 1.00 0> TBA Raja PAL0388C 697.65 698.63 0.98 0> TBA Raja PAL0388C 698.63 698.98 0.35 0.40 TBA Raja PAL0388C 698.98 699.30 0.32 2.12 TBA Raja PAL0388C 699.30 700.25 0.95 0.05 TBA Raja PAL0388C 700.25 701.00 0.75 0.38 TBA Raja PAL0389 60.50 61.00 0.50 1.61 TBA South Palokas PAL0389 61.00 61.60 0.60 1.31 TBA South Palokas PAL0389 61.60 62.05 0.45 1.14 TBA South Palokas PAL0389 64.85 65.40 0.55 0.41 TBA South Palokas PAL0389 65.40 66.25 0.85 0.09 TBA South Palokas PAL0389 66.25 66.70 0.45 0.13 TBA South Palokas PAL0389 66.70 67.40 0.70 0.34 TBA South Palokas PAL0389 67.40 67.85 0.45 0> TBA South Palokas PAL0389 67.85 68.55 0.70 2.10 TBA South Palokas PAL0389 82.30 82.95 0.65 0.54 TBA South Palokas PAL0393 66.90 67.90 1.00 2.49 110.7 South Palokas PAL0393 67.90 68.45 0.55 0.43 271.9 South Palokas PAL0393 94.15 95.20 1.05 0.60 76.8 South Palokas PAL0393 95.20 96.20 1.00 0.29 217.3 South Palokas PAL0393 96.20 97.20 1.00 0.08 111.8 South Palokas PAL0393 97.20 98.20 1.00 0.67 614.2 South Palokas PAL0393 98.20 99.00 0.80 0.86 297 South Palokas PAL0393 99.00 100.00 1.00 0.71 49.7 South Palokas PAL0395 523.75 524.40 0.65 0.39 TBA South Palokas PAL0395 524.40 525.20 0.80 0.75 TBA South Palokas PAL0395 525.20 525.70 0.50 0.75 TBA South Palokas PAL0395 525.70 526.40 0.70 0.16 TBA South Palokas PAL0395 526.40 527.20 0.80 0.47 TBA South Palokas PAL0395 527.20 528.25 1.05 6.00 TBA South Palokas PAL0395 528.25 529.20 0.95 0.32 TBA South Palokas PAL0395 541.35 542.00 0.65 0.90 TBA South Palokas PAL0395 542.00 542.35 0.35 0.58 TBA South Palokas PAL0395 542.35 542.90 0.55 0.90 TBA South Palokas PAL0395 549.70 550.15 0.45 1.38 TBA South Palokas PAL0395 550.15 551.15 1.00 0.14 TBA South Palokas PAL0395 551.15 551.75 0.60 0> TBA South Palokas PAL0395 551.75 552.75 1.00 2.02 TBA South Palokas PAL0395 552.75 553.75 1.00 3.60 TBA South Palokas PAL0395 553.75 554.75 1.00 0.54 TBA South Palokas PAL0395 554.75 555.55 0.80 1.65 TBA South Palokas PAL0395 585.85 586.25 0.40 0.63 TBA South Palokas PAL0395 610.75 611.50 0.75 0.72 TBA South Palokas SOURCE: Mawson Finland Limited View the original press release on ACCESS Newswire 0>0>
Miami Herald
13-05-2025
- Business
- Miami Herald
Mawson Finland Limited Announces Significant Progress in Permitting Process for the Rajapalot Gold-Cobalt Project, Finland
VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Mawson Finland Limited ("Mawson" or the "Company") (TSXV:MFL) is pleased to announce an important milestone in the permitting process that relates to the development of its 100%-owned Rajapalot gold-cobalt project in the Lapland region of Finland. The Company has initiated the "second phase" of the EIA (Environmental Impact Assessment) procedure and chosen the consultant Ramboll Finland Oy ("Ramboll") responsible for the preparation work. This is a critical step for the development of the project and will foster further collaboration with both the authorities and stakeholders in the region. Ms. Noora Ahola, Mawson Finland CEO, states: "We are very happy to announce that we have advanced in our Environmental Impact Assessment procedure, and have now selected a suitable consultant after a rigorous selection process. Ramboll is a highly respected and very experienced international consultancy office with a wide global network of experts, including experience in developing EIAs and related studies with Finnish mining operators. We are all very pleased to start working together and further develop the Rajapalot asset on its path to production. We would like to thank our shareholders, local stakeholders and communities for all the support and encouragement to continue developing and de-risking the Rajapalot project." Highlights: Responsible consultant selected for preparing the EIA Report ("second phase of the EIA procedure); RambollPart of international Ramboll Group A/SWidely experienced global network of expertsDedicated team of Finnish expertsRecent clients from the Nordic mining industry includes for example Agnico Eagle (Kittilä Gold Mine), Finnish Minerals Group (Terrafame Mine), Yara Suomi (Siilinjärvi Mine), Boliden (Kylylahti Mine) and Anglo American (Sakatti Mine project)Strong local support for the progress and development of the project EIA - Environmental Impact Assessment Procedure In Finland and the European Union, regulatory environmental planning processes form the foundation for a structured permitting path required for sustainable mine development. The EIA procedure lays the groundwork for moving the Rajapalot project through all future mine permitting requirements (i.e., industrial zoning, extraction and operational permits etc). Throughout this procedure the Rajapalot project and future mine permitting can be further de-risked while the company continues the on-going resource expansion work. This EIA procedure ensures not only the project's environmental responsibility but also facilitates meaningful stakeholder engagement in the development process. The EIA procedure includes two major phases: the Program phase (ie., "first phase") and the Report phase (ie., "second phase"). The "first phase", or the EIA Program, was finalized in late 2024 (see MFL news release dated December 10, 2024). This "second phase" or the EIA Report, will document and address any significant environmental impacts from mine development and continued operations. As such, Mawson has now achieved a significant milestone in this development journey by initiating the final "second phase" of the EIA procedure. It is important to note that while this EIA procedure is not a permit, it provides the vital and underlying foundations on which any further mine permitting processes will require. It provides both the environmental baselines of the area, and any possible effects of the project which will be continuously referred to by the governing authorities during subsequent mine permitting. The EIA Report can be finalized after the Pre-Feasibility has been completed. This same EIA procedure has been or is being presently undertaken by all the other mineral development projects in Finland, including the Ikkari project of Rupert Resources, Suhanko ("Arctic Platinum") project of CD Capital Natural Resources Fund III L.P., the Sokli project of The Finnish Minerals Group, and the Sakatti project of Anglo American. Ramboll Ramboll is a global engineering, architecture, and consultancy company with over 18,000 experts worldwide and 2,500 in Finland. In the mining sector, Ramboll combines international expertise with local insight to deliver responsible, technically sound solutions across the full mine life cycle. Core services include ESIAs, permitting, closure planning, and stakeholder engagement, all aligned with IFC, EBRD, and Equator Principles to ensure compliance and financing readiness. Ramboll's recent assignments include for example acting as GISTM Designer of Record for Boliden Kylylahti mine and leading the EIA for Yara Suomi's Siilinjärvi mine expansion. Ramboll has also delivered zoning and impact assessments for Anglo American Sakatti Mining, an IFC-compliant ESIA for Sydvaranger AS in Norway, and environmental permitting and risk assessments for Terrafame mine. Ramboll have provided land-use and permitting services also for Agnico Eagle's Kittilä gold Mine. About Mawson Finland Limited Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 12 granted exploration permits and one extension permit application for a total of 11,262 hectares. In Finland, all operations are carried out through the Company's fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot. Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at or on SEDAR+ at Media and Investor Relations Inquiries Please contact: Neil MacRae Executive Chairman at neil@ or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@ or +358 (505) 213-515. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release. Forward-looking Information This news release includes certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information") which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "aims", "may", "could", "would", "will", "must" or "plan". Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company's quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. SOURCE: Mawson Finland Limited
Yahoo
13-05-2025
- Business
- Yahoo
Mawson Finland Limited Announces Significant Progress in Permitting Process for the Rajapalot Gold-Cobalt Project, Finland
VANCOUVER, BC / / May 13, 2025 / Mawson Finland Limited ("Mawson" or the "Company") (TSXV:MFL) is pleased to announce an important milestone in the permitting process that relates to the development of its 100%-owned Rajapalot gold-cobalt project in the Lapland region of Finland. The Company has initiated the "second phase" of the EIA (Environmental Impact Assessment) procedure and chosen the consultant Ramboll Finland Oy ("Ramboll") responsible for the preparation work. This is a critical step for the development of the project and will foster further collaboration with both the authorities and stakeholders in the region. Ms. Noora Ahola, Mawson Finland CEO, states: "We are very happy to announce that we have advanced in our Environmental Impact Assessment procedure, and have now selected a suitable consultant after a rigorous selection process. Ramboll is a highly respected and very experienced international consultancy office with a wide global network of experts, including experience in developing EIAs and related studies with Finnish mining operators. We are all very pleased to start working together and further develop the Rajapalot asset on its path to production. We would like to thank our shareholders, local stakeholders and communities for all the support and encouragement to continue developing and de-risking the Rajapalot project." Highlights: Significant milestone of the mine development journey by initiating the "second and final phase" of the EIA procedure De-risking the project and future mine permitting Further strengthening the stakeholder engagement and communication within the local communities Responsible consultant selected for preparing the EIA Report ("second phase of the EIA procedure); Ramboll Part of international Ramboll Group A/S Widely experienced global network of experts Dedicated team of Finnish experts Recent clients from the Nordic mining industry includes for example Agnico Eagle (Kittilä Gold Mine), Finnish Minerals Group (Terrafame Mine), Yara Suomi (Siilinjärvi Mine), Boliden (Kylylahti Mine) and Anglo American (Sakatti Mine project) Strong local support for the progress and development of the project EIA - Environmental Impact Assessment Procedure In Finland and the European Union, regulatory environmental planning processes form the foundation for a structured permitting path required for sustainable mine development. The EIA procedure lays the groundwork for moving the Rajapalot project through all future mine permitting requirements (i.e., industrial zoning, extraction and operational permits etc). Throughout this procedure the Rajapalot project and future mine permitting can be further de-risked while the company continues the on-going resource expansion work. This EIA procedure ensures not only the project's environmental responsibility but also facilitates meaningful stakeholder engagement in the development process. The EIA procedure includes two major phases: the Program phase (ie., "first phase") and the Report phase (ie., "second phase"). The "first phase", or the EIA Program, was finalized in late 2024 (see MFL news release dated December 10, 2024). This "second phase" or the EIA Report, will document and address any significant environmental impacts from mine development and continued operations. As such, Mawson has now achieved a significant milestone in this development journey by initiating the final "second phase" of the EIA procedure. It is important to note that while this EIA procedure is not a permit, it provides the vital and underlying foundations on which any further mine permitting processes will require. It provides both the environmental baselines of the area, and any possible effects of the project which will be continuously referred to by the governing authorities during subsequent mine permitting. The EIA Report can be finalized after the Pre-Feasibility has been completed. This same EIA procedure has been or is being presently undertaken by all the other mineral development projects in Finland, including the Ikkari project of Rupert Resources, Suhanko ("Arctic Platinum") project of CD Capital Natural Resources Fund III L.P., the Sokli project of The Finnish Minerals Group, and the Sakatti project of Anglo American. Ramboll Ramboll is a global engineering, architecture, and consultancy company with over 18,000 experts worldwide and 2,500 in Finland. In the mining sector, Ramboll combines international expertise with local insight to deliver responsible, technically sound solutions across the full mine life cycle. Core services include ESIAs, permitting, closure planning, and stakeholder engagement, all aligned with IFC, EBRD, and Equator Principles to ensure compliance and financing readiness. Ramboll's recent assignments include for example acting as GISTM Designer of Record for Boliden Kylylahti mine and leading the EIA for Yara Suomi's Siilinjärvi mine expansion. Ramboll has also delivered zoning and impact assessments for Anglo American Sakatti Mining, an IFC-compliant ESIA for Sydvaranger AS in Norway, and environmental permitting and risk assessments for Terrafame mine. Ramboll have provided land-use and permitting services also for Agnico Eagle's Kittilä gold Mine. About Mawson Finland Limited Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 12 granted exploration permits and one extension permit application for a total of 11,262 hectares. In Finland, all operations are carried out through the Company's fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot. Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at or on SEDAR+ at Media and Investor Relations Inquiries Please contact: Neil MacRae Executive Chairman at neil@ or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@ or +358 (505) 213-515. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release. Forward-looking Information This news release includes certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information") which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "aims", "may", "could", "would", "will", "must" or "plan". Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company's quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. SOURCE: Mawson Finland Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
11-02-2025
- Business
- Associated Press
Mawson Finland Limited Reports First Results for 2025 Winter Drilling Program Significant Step-out Extensions in Rajapalot and New Downhole-EM Survey Results
VANCOUVER, BC / ACCESS Newswire / February 11, 2025 / Mawson Finland Limited ('Mawson' or the 'Company') (TSXV:MFL) is pleased to announce drilling results from the first 6 drillholes from the 2025 drilling season at the Company's wholly-owned Rajapalot gold-cobalt project in Finland (see Table 1, Table 2, Table 3, and Figure 1 in Schedule 'A' hereto). Highlights: Ms. Noora Ahola, Mawson Finland CEO, states:"We are very pleased to present the first of our results from the 2025 drilling season at Rajapalot. Most significantly, we have demonstrated the larger potential of both the South Palokas and Palokas mineralised zones, intercepting gold-bearing mineralisation in a large 120 metre step-out down-dip of our deepest intercept at South Palokas which targeted a deep downhole-EM conductor discovered in our recent 2024 geophysics program. Significant intercepts have also been drilled in the deeper portions of the Palokas zone, while additional mineralisation is also confirmed from Raja resource extension drillholes. Additional downhole-EM geophysical surveys conducted in January 2025 have also indicated the potential of further mineralization of the projected down-dip extension of the Raja zone in which target-test drilling will be immediately undertaken. These initial successes from our 2025 drilling season demonstrate open mineralisation to depth in several of our important mineralised zones, and bodes well for our ongoing resource expansion objectives. We look forward to bringing further drilling results in the very near future.' Detailed Results Winter Drilling Four diamond drilling rigs are actively drilling at the Rajapalot project. Ten diamond drillholes have been completed to date, for a total of 4,424 metres at time of writing. Primary aims for this season's drilling program are to extend the limits of the currently defined envelope of the Rajapalot inferred mineral resource, while secondary aims focus on target-test drilling of geochemical and geophysical targets developed during the summer and autumn field exploration season in order to advance the 'exploration pipeline' and define new zones of gold-cobalt mineralization. To date, gold-assay results (cobalt values to be announced) have been received for the first 6 of the 10 completed holes and presented in Table 1, 2 and 3, and Figure 1. South Palokas: To date, a single 1,004 metre drillhole PAL0373 - the deepest ever drilled at Rajapalot - has been completed at South Palokas, where it successfully penetrated the modelled deep, southern conductive anomaly (South Palokas deep conductor 'A'), returning a significant intercept of 5 m @ 0.58 g/t Au from 785.65 metres downhole (see Figure 2). This intercept demonstrates the steeply-dipping, depth-continuation of South Palokas, representing an approximate 120m step-out in the plane of mineralisation. Closest significant intersections are PAL0303 with 30.8 metres @ 5.1 g/t Au at 120m distance and distance of 150m PAL0361 with 6m @ 2.24 g/t Au and 5.3m 2.73 g/t Au (Reported previously). Further drilling will be carried out in order to define geometry and test for high-grade mineralisation in the core-portions of the modelled conductive zone (refer to Figure 2). Palokas: To date, 3 drillholes have been completed at Palokas zone of gold-cobalt mineralization, of which PAL0380 has returned a dispersed mineralised zone consisting of 5 separated intercepts recording a best of 6 m @ 1.03 g/t gold, and 7 m @ 0.57 g/t gold (refer to Table 2). Drillhole PAL0377 did not record any significant intercept, and drillhole PAL0382 awaits logging, sampling and assay. Raja: To date, 4 drillholes have been completed at Raja, with significant intercepts recorded in holes PAL0374 (0.5 m @ 0.85 g/t gold), PAL0376 (6.2 m @ 2.42 g/t gold) and PAL0378 (best intercept of 8 m @ 1.22 g/t gold; refer to Table 2 and Figure 3). Drillhole PAL0381 awaits logging, sampling and assay. Importantly, drillhole PAL0378 intercepted the modelled downhole-EM conductor situated in the footwall-zone below the main Raja lens of mineralisation, confirming gold-mineralisation in this conductive anomaly, returning a 2.05 metre thick gold-bearing interval of 1.29 g/t gold (refer to Figure 3). Geophysics In January 2025, a series of downhole-EM surveys were carried out in the lower portions of the Raja zone in order to search for any conductive bodies in and around the historical deeper drilling. Downhole probes were sent down drillholes PAL0180, PAL0230 and PAL169, where each detected a series of off-hole conductors. Most notably, a conductive anomaly was detected below and to the immediate south of drillhole PAL0180, with the modelled plate measuring 150 x 75 metres, dipping shallowly to the north-west, with the centre of the modelled plate located approximately 640 metres below surface (refer to Figure 3; Raja deep conductor 'B'). Similarly, off-hole and overlapping conductive anomalies were recorded from drillholes PAL0230 and PAL0169, with the modelled overlapping plates measuring a combined 200 x 50 metres in area, dipping shallowly to the north-west, with centres of the modelled plates located between 508 and 520 metres below surface (refer to Figure 3; Raja deep conductor 'A'). Geophysical modelling and interpretation of these conductive anomalies is ongoing and more refined findings will be presented in future news releases. Technical Background, Data Verification and Quality Assurance and Quality Control Four diamond drill rigs from MK Core Drilling Oy, Comadev Oy and Arctic Drilling Company Oy, all with water recirculation and drill cuttings collection systems, were used in this drill program. Core diameter is NQ2 (50.7 mm). Core recoveries are excellent and average close to 100% in fresh rock. After photographing and logging in Mawson's Rovaniemi facilities, core intervals of between 0.4 to 2 metres are taken, then half-sawn by independent contractors the Geological Survey of Finland (GTK) in Rovaniemi, Palsatech Oy in Kemi and Geopool Oy in Sodankylä. The remaining half core is retained for verification and reference purposes. Analytical samples are transported by commercial transport from site to the independent contractor CRS Minlab Oy ('CRS') facility in Kempele, Finland. Samples were prepared and analyzed for gold using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (including cobalt) are pulped at CRS, then transported by air to MSALABS in Vancouver, Canada and analyzed using four acid digest ICP-MS methods. All the foregoing laboratories are independent of the Company. The quality assurance and quality control program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate samples by quartering the core, and blanks placed within sample runs in interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process. In addition to the sample preparation and security measures described above, data verification procedures are well integrated into the Company's quality assurance and quality control program. Routine ongoing checking of all data is undertaken prior to being uploaded to the database. This will be followed by independent data verification audits at exploration milestones throughout the Rajapalot project's development. Dr. Fromhold (see 'Qualified Person' below) has also reviewed the qualifications and analytical procedures of the above-mentioned laboratories, photographs of drill cores, and the PEA in connection with verifying the exploration information presented herein. All maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393). Tables 1-3 in Schedule 'A' hereto provide collar and assay data. Due to the typically low angles of drill intercepts, the true thickness of the mineralized intervals are interpreted to be approximately 80-90% of the drilled thickness. Table 3 gives detailed individual assay data of all intervals reported in this press release. Intersections are reported with a lower cut of 0.1 g/t Au over sampled intervals, with composite data (Table 2 in Schedule 'A' hereto) containing no more than 2 metres of consecutively sampled waste-rock (i.e., 2 metres @ <0.05 g/t Au). No upper-cut was applied. Geophysical Survey Parameters The downhole EM (DHEM) survey was conducted by Finnish geophysics provider Geovisor Oy from Rovaniemi, using a Zonge ZT-30 transmitter system. The acquisition was measured using the EMIT Smartem24 receiver system with EMIT DHEM Digiatlantis probe that measures the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing along hole (A-component), and two perpendicular components (namely U and V- components). For each loop configuration, the base frequency was tested, and the base frequency was altered from 0.25 Hz to 1 Hz. The EM response was stacked over 32,128 EM pulses depending on the base frequency and the observed signal strength. The used time windows scheme was SMARTem standard containing 39 to 43 time channels depending on the base frequency. All the holes were measured in one piece from the collar with surveys having 10 metre reading intervals. The modelling was done using Maxwell software, using plate models. All maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393). Deposit Model At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralisation are consistently located within highly-sheared and foliated wall-rocks adjacent to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralisation is typically encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralisation at Rajapalot occur across a 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to approximately 470 metres below surface at both South Palokas and Raja prospects, and mineralisation remains open at depth across the entire project. Rajapalot Mineral Resource An Inferred Mineral Resource ('MRE') has been calculated for the Rajapalot project (effective date August 26, 2021), and is based on an 'underground only' mining scenario containing 9.8 million tonnes @ 2.8 g/t gold ('Au') and 441 ppm Co, equating to 867 thousand ounces ('koz') gold and 4,311 tonnes of cobalt. Zone Cut-off (AuEq¹) Tonnes (kt) Au (g/t) Co (ppm) Au (koz) Co (tonnes) Palokas 1.1 5,612 2.8 475 501 2,664 Raja 1.1 2,702 3.1 385 271 1,040 East Joki 1.1 299 4.5 363 43 109 Hut 1.1 831 1.3 428 36 355 Rumajärvi 1.1 336 1.4 424 15 142 Total Inferred Resources 9,780 2.8 441 867 4,311 Rajapalot Inferred Mineral Resource Effective August 26, 2021 The independent geologist and Qualified Person as defined in NI 43-101 for the mineral resource estimates is Mr. Ove Klavér (EurGeol). The effective date of the MRE remains unchanged to the Previous MRE (August 26, 2021, available on SEDAR as filed by the previous owner, Mawson), and will be restated in the PEA technical report when it is filed. The mineral estimate is reported for a potential underground only scenario. Inferred resources were reported at a cut-off grade of 1.1 g/t (AuEq1 Au g/t + Co ppm /1005) with a depth of 20 meters below the base of solid rock regarded as the near-surface limit of potential mining. Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using Ordinary Kriging in Leapfrog Edge. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied. A parent block size of 12 m x 12 m x 4 m (>20% of the drillhole spacing) was determined as suitable. Sub-blocking down to 4 m x 4 m x 0.5 m was used for geologic control on volumes, thinner and moderately dipping wireframes. Rounding of grades and tonnes may introduce apparent errors in averages and contained metals. Drilling results to 20 June 2021. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Qualified Person The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a 'qualified person' as defined under NI 43-101. Dr. Fromhold is not considered independent of the Company under NI 43-101 as he is a consultant of the Company. About Mawson Finland Limited Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland, all operations are carried out through the Company's fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot. Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at or on SEDAR+ at Media and Investor Relations Inquiries Please contact: Neil MacRae Executive Chairman at [email protected] or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at [email protected] or +358 (505) 213-515. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release. Forward-looking Information This news release includes certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws (collectively, 'forward-looking information') which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'aims', 'may', 'could', 'would', 'will', 'must' or 'plan'. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company's quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. SCHEDULE 'A' - TABLES AND FIGURES Table 1: Drillhole collar locations presented within (finish KKJ grid), with corresponding hole orientations (azimuth and dip), total depth, and prospect target. Results from drillholes in bold are presented within, while those in regular italics await logging, sampling and assay. 1True-thickness of the mineralized intervals are interpreted to be approximately 80-90% of the Drilled Thickness. True-thickness is not precisely known at this time. Table 2: Composited gold and cobalt concentrations from the drillholes reported in this news release. Individual assay values are listed in Table 3 hereinbelow. Figure 1: Locality map illustrating collar positions and drill-hole traces from Mawson's 2025 winter drilling campaign as drilled to time of writing. Thin green line represents the section line on which long sections in Figure 2 herein below are positioned. Figure 2: Long-section illustration of the Palokas and South Palokas zones. Intercepts from 2025 are highlighted with drillhole numbers in bold. Downhole-EM modelled conductors are represented with hatched pink boxes, with further planned pierce points of these conductive bodies illustrated by light-blue circles. Drillhole PAL0373 intercepted 5 metres of mineralised rock towards the lower margins of the conductive rock-mass of the South Palokas deep conductor 'A'. South Palokas deep conductor 'B' awaits target-test drilling. Figure 3: Plan-section illustration demonstrating both historical and 2024 drill intercepts in the Raja mineralized zone. Drillhole intercepts from 2025 drilling are highlighted with bold labels and lettering. Downhole-EM conductors from late 2024 (i.e., 'Raja footwall conductor'), and new, 2025 conductive bodies (i.e., 'Raja deep conductor 'A'' and 'Raja deep conductor 'B'') are illustrated in pink hatched boxes. Both downhole-EM plates illustrated here await target-test drilling. Table 3: All gold sample intervals with their corresponding gold and cobalt concentrations (where available), that are contained within above composited intervals, that meet the lower-cut criteria of 1 metre intervals at greater than 0.1 g/t gold, containing no more than 2 metres of internal waste.
