Mawson Finland Limited Reports Successful 2024 Drilling Results at Rajapalot

Mawson Finland Limited has released a summary of its 2024 exploration drilling at the Rajapalot gold-cobalt project in Finland. The program, consisting of 38 holes and 11,376 meters, revealed a new high-grade mineralization zone named ‘New Lens’. Notably, hole PAL0335 intercepted 21.75 meters grading 5.25 g/t gold and 515 ppm cobalt.

Further exploration at Palokas and South Palokas zones confirmed significant gold-cobalt mineralization, with PAL0346 logging a high-grade 7-meter intercept at the southern Palokas boundary. Expansions were also made at depth, keeping the potential open for further resource development.

Drilling at Raja, The Hut, and Joki broadened the mineralized zones, promising potential contributions to the inferred resource inventory. The company anticipates further expansion in 2025 with a new drill program scheduled to begin in January.