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Mawson Announces Filing of Its PEA Technical Report for Rajapalot, Finland
VANCOUVER, BC / ACCESSWIRE / November 29, 2022 / Mawson Gold Limited ("Mawson" or the "Comp...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Announces Filing of Its PEA Technical Report for Rajapalot, FinlandVANCOUVER, BC / ACCESSWIRE / November 29, 2022 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce that the Company has filed an independent Preliminary Economic Assessment (\"PEA\") technical report (the \"Technical Report\") for the Rajapalot Gold-Cobalt Project, Finland, in support of the Company's news release dated October 20, 2022, entitled: \"Mawson Delivers US$211 million NPV5 (post-tax) from Rajapalot PEA, October 20, 2022\". There are no material differences between the Technical Report from those in the news release.Highlights as announced October 20, 2022:Robust economics underscores significant value of current resource base$211 M post-tax NPV5 (real) using $1,700/oz gold (\"Au\") and $60,000/t cobalt (\"Co\")AISC1 $824/oz Au life of mine (\"LoM\")>92 koz gold equivalent \"AuEq2\" steady state average production rate. 9 year LoM producing ~700 koz Au and ~2800 t CoA significant European mineIf in production today, Rajapalot could be the EU's third largest cobalt mine and sixth largest gold mineEthical metals sourcing with majority local support and 100% renewable power27% post tax IRR, $191 M initial capexStrong cashflows, with $338 M free cash flow in years 1 to 5, and $101 M in LoM cobalt by-product revenues100% owned low-cost project in Tier 1 locationUnderground only operation, utilising predominately long hole open stoping95% Au recovery with conventional gravity-CILLow infrastructure needsPEA underpins project to leverage substantial resource growth potentialRajapalot deposits are all open at depth, highlighted by the deepest intersection in Palokas of 30.8 m @ 5.1 g/t AuEq from 553 m (announced August 3, 2021).18,000 ha land package with undrilled targets between the project area and other significant gold occurrences such as the Rompas discovery (highlight 6 m @ 617 g/t Au, announced May 31, 2012) 8 km west of Rajapalot.AISC is a non-IFRS metric. For definition see news release dated October 20, 2022.AuEq production figures calculated using metal prices $1,700/oz Au and $60,000/t Co. AuEq = Au oz + (Co t x 35.3).Mr. Fairhall, CEO of Mawson Gold, comments\"I'm proud to provide the detail behind our PEA results, which showcases Rajapalot's fundamental qualities in an ec...