High Grade Gold-Cobalt Resource Expansion in Finland Corporate Presentation April 2019 @mawsonresource TSX : MAW; OTCPINK : MWSNF www.mawsonresources.com
Disclaimer Accuracy of Information: Readers are directed to the public disclosure of Mawson Resources Limited (“Mawson”) available under Mawson’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. Information contained in this presentation was believed to be accurate at the time it was posted, but may be superseded by more recent public disclosure of Mawson. Mawson makes no representations or warranties as to the accuracy, reliability, completeness or timeliness of the information in this presentation. Forward-Looking Information: Some of the statements contained in this presentation may be forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson does not assume the obligation to revise or update forward- looking statements or information that may be contained in this presentation or to revise them to reflect the occurrence of future unanticipated events. Qualified Person: The qualified person for Mawson’s projects, Nick Cook, President for Mawson, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this presentation. 24 April 2018 2
Finland – New Discoveries 2011 2012 Diamond drilling ROM0011: 6 m @ 617 g/t Au 2015 2017 2018 1 cm PAL0093 Gold 3
Finland – Visible Gold 2019 PAL0189: 213.3 m PAL0190: 384.10 m PAL0198: 175.7 m – Raja Raja Sth Palokas PAL0194: 422.45 m – Palokas PAL0191: 424.00 m – Raja 4
Investment Highlights Significant and strategic regional-scale gold-cobalt discovery in ▪ Northern Finland Top three in-country gold resources and growing fast ▪ Constrained Inferred Mineral Resource of 424,000 ounces of ▪ gold at 3.1 g/t AuEq (Dec 2018) Open-pittable grade 2.8 g/t AuEq and UG grade 5.2 g/t AuEq. ▪ Substantial potential to grow, with only 20% (800m) of the 4km ▪ trend to shallow depths (av. depth drilling 88m) 15,000 metre resource expansion drill program just complete ▪ Initial results include 31.3 metres at 6.0 g/t AuEq at the ▪ Raja Prospect 28 holes (out of 42 holes) remain to be reported ▪ Fully financed for this drill season ▪ Strategic & institutional shareholder base +60% (incl. ▪ Goldcorp, Areva, private equity and US endowments) 5
Ownership & Capital Structure Capitalization Summary Major Shareholder Summary Share Price (23 April 2019) C$0.18 Shares (M) % Sentient Equity Partners 37.8 26.7 Basic Shares Outstanding 142.4M Goldcorp 18.0 12.7 Fully Diluted 177.9M Other Institutions 34.6 24.4 Basic Market Capitalization C$25.6M TOTAL 90.4 63.8 Cash (est. 24 April 2019) C$3.0M Insiders 7.3 5.1 TOTAL ENTERPRISE VALUE C$23.3M Management & Board aligned with investors Warrants and Options Share Price Performance – 1 Year Exchanges: TSX : MAW; OTCPINK : MWSNF; Frankfurt : MXR 6
Discovery is About Leadership Directors Management Advisers Noora Ahola Michael Hudson Georgina Carnegie Environmental Chairman & CEO World Bank, OECD 28 yrs Geology, Capital Nick DeMare Markets Dr. Erkki Vanhanen CPA Dr. Nick Cook Finnish Gold Exploration David Henstridge President Gil Leathley Geologist 24 yrs Geology Mining Engineer Noora Ahola Michael Hudson Environmental Director Geologist 12 yrs Finnish Env. Admin. Colin Maclean Russell Starr Geologist / Finance Corp. Dev. Adviser Mark Saxon Mariana Bermudez Geologist Corporate Secretary Philip Williams Tapani Hyysalo Corporate Finance Manager Operations Finland Nick Demare CFO 7
Nordics: Rocks & Opportunity The World ´ s Highly Prospective Mineral Regions Metal basket of Europe ▪ +500 year history, ▪ many Tier 1 projects Reformation since early ▪ 1990’s. Clear guidelines Map by Risto Pietilä Finland is the new “Klondike”, new discoveries, shallow cover, entry of significant players 8
Finland is a Mining Country Kittilä Snapshot Investment Attractiveness Index 7.4Moz Au Kittilä mine “The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Finland.” Finland hosts the largest primary gold producer in Europe Huge Benefits for Developers Safe Skilled workforce ▪ ▪ Cheap Grid Power Airport ▪ ▪ Water No FIFO ▪ ▪ 100 km Roads 20% tax ▪ ▪ 9
Rompas-Rajapalot Prospect Locations Main gold- cobalt work focused to date 10
Resource Upside Evident and Growing A pit and underground Constrained Inferred Mineral ▪ Resource of 424,000 ounces at 3.1 g/t AuEq (4.3 million tonnes at 2.3 g/t Au, 430 ppm Co) at 0.37 g/t AuEq cut-off open pit and 2 g/t AuEq underground Unconstrained Inferred Mineral Inventory for the Palokas and Raja ▪ prospects of 482,000 ounces 2.4 g/t AuEq (6.2 million tonnes at 1.7 g/t Au, 410 ppm Co) at 0.4 g/t AuEq cut-off. The constrained resource demonstrates the high-grade of Rajapalot ▪ with open-pittable grades of 2.8 g/t AuEq (2.1 g/t Au and 420 ppm Co) and underground grades of 5.2 g/t AuEq (4.4 g/t Au and 520 ppm Co) First resource estimate has potential to grow substantially: ▪ only 20% (800 metres) of the 4 kilometres known mineralized ▪ trend included within the maiden resource to relatively shallow depths (average depth of drilling 88 metres within 34.2 kilometres drilled to date at Rajapalot) Electromagnetics (EM) driving targeting below and along strike from ▪ resource areas 11
Rajapalot EM Drives Resources Expansion Palokas Maiden Resource Block Model Area of ground fixed loop TEM Plates TEM survey underway extending resource area down dip 450 metres Unconstrained Inferred Mineral South Palokas Inventory for the Palokas and Raja prospects of 482,000 ounces 2.4 g/t AuEq (6.2 million tonnes at 1.7 g/t Au, 410 ppm Co) at 0.4 g/t AuEq cut-off TEM Plates extending resource area The Hut PAL0033: 2.2m @ 7.9 g/t AuEq from 152.5m +1km length Raja PAL0188: 31.3 metres at 6.0 g/t AuEq Rumajärvi PAL0037: 19.5m @ 2.1 g/t AuEq from 20.5m PAL0040: 8.0m @ 1.6 g/t AuEq from 35.3m Raja Maiden Resource Block Model Boulders Average 149 g/t Au 68 boulder samples >0.1 g/t (range 0.11 - 3870 g/t Au 12
Resource Upside Evident South Palokas Raja Cross Section TEM Plate and Block Model Longitudinal View to NE Grade Block Model and TEM Plates NW SE AuEq g/t 100 metres PAL0016: 8.4 m @ 5.9 g/t AuEq from 206m 100 metres AuEq g/t Open TEM Plate VTEM Plate Open Conductors continue to depth, below resource block models 13
Longitudinal Section: Raja Prospect B’ B Ground Fixed Loop EM conductor extends to +1km down plunge from surface 14
Longitudinal Section: Palokas Prospect Palokas South Palokas PAL0027; 21.3 m @ 6.4 g/t AuEq from 27.5 m PRAJ0114; 41.7 m @ 2.8 g/t AuEq from 58.1 m PRAJ0110; 35.9 m @ 2.1 g/t AuEq from 63.9 m PAL0030; 10.0 m @ 11.1 g/t AuEq from 110.2 m 100 meters PAL0091 15.6 m @ 2.4 g/t AuEq from 144.9 m PAL0090; 8.9 m @ 3.1 g/t AuEq from 173.1 m PAL0016; 8.4 m @ 5.9 g/t AuEq from 206.0 m UNTESTED PAL0095; 9.8 m @ 1.1 g/t AuEq from 227.2 m PAL0173; 17.0 m @ 3.0 g/t Au from PRAJ0003 264.0 m PRAJ0020 Grade x width AuEq Conductors to >100 +500 metre depth 50-100 UNTESTED 10-50 UNTESTED <10 Gold equivalent (AuEq) grade x width intersections are plotted using Co 481 ppm = 1 g/t Au ▪ No significant assays ▪ Data are projected onto inclined plane dipping at 42 degrees towards 302 degrees 15
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