Business
Mawson Commences Maiden PEA on its Flagship Rajapalot Project
VANCOUVER, BC / ACCESSWIRE / March 28, 2022 / Mawson Gold Limited ("Mawson") or (the "C...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Commences Maiden PEA on its Flagship Rajapalot ProjectVANCOUVER, BC / ACCESSWIRE / March 28, 2022 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) is pleased to announce the commencement of a maiden Preliminary Economic Assessment (\"PEA\") its 100%-owned Rajapalot gold-cobalt project in Finland.Highlights:PEA initiated on 1.04 million ounce gold equivalent gold-cobalt inferred mineral resource estimateMetallurgical test work has commenced with Wardell Armstrong International and GTK Mintec FinlandBuilding on earlier test work that highlighted cyanide gold recoveries over 97% and cobaltite flotation recoveries of 78-93%Co-funded under a €795k Business Finland ‘BATcircle2.0' grantSRK Consulting has been engaged for the PEA Mining Study to highlight the extraction efficiencies of the Rajapalot resourceLock-step pre-development strategy, with EIA and land use re-zoning already underwayPEA scheduled for completion in the third quarter of 2022Mr. Fairhall, CEO of Mawson Gold, states:\"The commencement of a maiden PEA marks an important step towards Rajapalot joining its developer peers. Not all ounces are created equal, and this is the first time the favourible geometry, metallurgy and location of our million ounce Rajapalot inferred mineral resource estimate will be articulated to the market as a coherent business case. This PEA will also serve as a platform to leverage value from future exploration success from the 18,000 ha tenement package.When combined with drilling at Rajapalot, Finland, Skellefteå in Sweden, and Sunday Creek in Australia, as well as the Southern Cross Gold ASX IPO, all in the first 6 months of 2022, Mawson continues to deliver multiple value catalysts into this strong gold market.\"Following desktop level technical evaluations on the resource bodies that underpin the 1.04 million ounce gold equivalent (gold and cobalt as AuEq) inferred resource estimation, the Board of Mawson decided to commence a PEA on the Rajapalot project. Work has already commenced and is expected to be completed in the third calendar quarter of 2022.Metallurgical Test workMawson has awarded two packages of metallurgical test work to finalize selection of the PEA flowsheet. Wardell Armstrong International (\"WAI\") in the UK will further develop grinding, gravity ...