SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited (MWSNF) announced metallurgical test results from the BATCircle joint research project at its Rajapalot gold-cobalt project in Finland. The tests showed exceptional gold recoveries of 97.3% to 98.0% via conventional cyanidation and notable results in gravity and flotation processes for both gold and cobalt. The next steps involve further optimization of recovery methods. The Rajapalot project is positioned as a significant European cobalt resource, and ongoing efforts aim to align extraction processes with sustainable battery supply demands.

Mawson Gold Limited (MWSNF) has reported significant drilling results from two newly discovered areas, The Hut and Joki East, at its Rajapalot project in Finland. The findings include the thickest mineralized zone to date at Rajapalot, with drill hole PAL0259 showing 70.3 metres at 0.9 g/t Au and notable cobalt concentrations. Joki East’s mineralization extends 225 metres down plunge and remains open for further exploration. This achievement strengthens expectations for substantial resource growth, with further results from 50 remaining drill holes anticipated by June 2021.

Mawson Gold Limited (MWSNF) announced positive assay results from drill holes MDDSC011-12 at its Sunday Creek project in Victoria, Australia. Hole MDDSC012 revealed a significant 36.4 meters of mineralization averaging 2.4 g/t gold and 0.4% antimony, with high-grade intervals including up to 37.3 g/t gold. This follows 14 completed holes totaling 2,487 meters drilled in the area, suggesting potential for further high-grade discoveries. The ongoing drilling and soil sampling program aims to explore historic dyke-hosted mineralization trends within the project.

Mawson Gold Limited (MWSNF) has announced assay results from its drilling at the F11 target near the Cannington silver-zinc-lead mine. Funded by a AUD$200,000 Queensland grant, the drill hole reached 849.7 metres, intersecting basement rocks at 318 metres. Key findings include copper anomalies in nine out of twenty samples below 750 metres, averaging 1,202 ppm. Mawson aims to further evaluate these results and integrate them with data from 2019 to identify new drilling targets in the Mount Isa block.

Mawson Gold Limited (OTC PINK: MWSNF) has initiated two key planning processes for the Rajapalot Project in Finland: the Environmental Impact Assessment (EIA) and land use planning. This marks a significant step in securing local stakeholder support and reducing project risks as drilling continues. The EIA aims to evaluate environmental impacts and encourage public participation. Local authorities in Rovaniemi and Ylitornio have also begun master land use planning for the project. Mawson is committed to covering all associated costs and emphasizes the importance of stakeholder engagement in project development.

Mawson Gold Limited (MWSNF) reported significant assay results from five diamond drill holes (MDDSC006-10) at its 100%-owned Sunday Creek project in Victoria, Australia. The best result was from hole MDDSC010, which intersected 7.0 metres at 6.0 g/t gold, including intervals of 18.5 g/t and 72.9 g/t gold. Drilling at the historic Gladys mine area has shown multiple high-grade vein structures with strong potential for further discoveries. Overall, 12 holes have been completed with ongoing drilling and assay results anticipated for antimony.

Mawson Gold Limited (OTC PINK:MWSNF) has completed drilling at the F11 target in Queensland, Australia, backed by a AUD$200,000 grant from the Queensland State Government. The drill hole MQDDH001 reached 849.7m, intersecting iron sulphides and various styles of sulphide accumulations. Samples have been submitted for assay, with results expected in January 2021. The drilling aimed to investigate a significant gravity anomaly. Mawson's Chairman expressed optimism about the results and the potential of the region.

Mawson Gold Limited (MWSNF) announced successful drilling results at the Joki East prospect within its Rajapalot Project in Finland. Notable intersections include PAL0242 with 1.6 metres at 19.2 g/t gold, following the discovery hole PAL0241 at 28.3 g/t. A total of eight drill holes have been completed, with visible gold found in four. Mineralization is defined across a body measuring 50-60 metres wide and 120 metres down plunge. The company plans to mobilize four rigs for further drilling in late 2020 and early 2021, and results for additional holes are forthcoming.

Mawson Gold Limited held its Annual General Meeting on November 18, 2020, with 115,097,600 shares voted, representing 45.14% of total shares. Shareholders approved all resolutions, including the re-election of directors and the re-appointment of D&H Group as auditors. The Option Plan received 83.08% approval, while the RSU Plan garnered 69.79%. Notable directors' voting percentages include Michael Hudson at 99.98% and Nick DeMare at 73.17%. The Company aims to advance its gold projects in Finland and Australia, having nine drill rigs operational.