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Last C$0.17 CAD
Change Today 0.00 / 0.00%
Volume 2.7K
MAW On Other Exchanges
As of 4:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

mawson resources ltd (MAW) Snapshot

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08/18/14 - C$0.36
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mawson resources ltd (MAW) Details

Mawson Resources Limited, a resource company, operates as an exploration and development company primarily in Finland and Sweden. The company primarily explores for gold, uranium, and copper ores. Its flagship project is the 100% owned Rompas-Rajapalot gold-uranium project, which comprises approximately 833 claims and claim applications for 75,340 hectares in the municipality of Ylitornio, Northern Finland. The company was founded in 2004 and is headquartered in Vancouver, Canada.

9 Employees
Last Reported Date: 08/28/14
Founded in 2004

mawson resources ltd (MAW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$162.0K
Chief Financial Officer and Director
Total Annual Compensation: --
Vice President of Exploration
Total Annual Compensation: C$197.9K
Compensation as of Fiscal Year 2014.

mawson resources ltd (MAW) Key Developments

Mawson Resources Limited announces Re-Appeal by NGO in Finland to the Supreme Administrative Court

Mawson Resources Limited announced the Finnish Association for Nature Conservation, a non-governmental organization (NGO) has appealed to the Supreme Administrative Court, against a decision by the Northern Finland Administrative Court to uphold all aspects of an exploration permit granted by the Finnish Mining Authority (TUKES), that entitles Mawson deeper drill rig access within a Natura 2000 biodiversity area during winter conditions. This appeal will not stop Mawson advancing its exploration program. The company will continue to work under its current permit conditions, which includes the right to drill with man-portable rigs to test the Palokas gold discovery, with recent results including 19.6m at 7.5 g/t gold from 18.1 metres. This work program is not subject to re-appeal. On May 21, 2015, the Northern Finland Administrative Court (the Court) comprehensively rejected an initial appeal by the NGO group against the TUKES exploration permit decision; On June 18, 2015, the NGO appealed the Regional Administrative Court's decision to the Supreme Administrative Court. The Supreme Court process could take 3-12 months depending on how the court elects to deal with the appeal.

Mawson Resources Ltd. Receives Favourable Administrative Court Ruling in Finland

Mawson Resources Ltd. announced that the Northern Finland Administrative Court has rejected all claims made by a non-governmental organization ("NGO") in an appeal against an exploration permit granted by the Finnish Mining Authority ("TUKES"). On June 26, 2014, the Finnish Mining Authority, TUKES granted Mawson a modified and renewed exploration permit (Kairamaat 2 and 3) that covers a surface area of 1,462 hectares at Mawson's Palokas gold project in northern Finland. Among other rights, the permit entitles Mawson deep drill access during winter conditions within Natura 2000 biodiversity areas. In late July 2014, TUKES' decision was appealed by the NGO to the Northern Finland Administrative Court through a standard public appeal process. The Northern Finland Administrative Court (the "Court") has rejected an appeal by an NGO group against the exploration permit decision that entitles Mawson deeper drill rig access within Natura 2000 biodiversity areas during winter conditions and hand portable rig access during summer conditions; The court decision validated the earlier exploration permit decision and conditions set out by the mining and environmental administration; Mawson's exploration permit will not come into legal force until the end of a re-appeal window of time, which closes on June 22, 2015. Under current Finnish Law, a final level appeal to the Supreme Administrative Court is possible; The court decision also ratified the Company's current work plans, which includes drilling from August 1, 2015 at the Palokas gold discovery with the Company's Winkie hand portable drill rig, which has produced results including 19.6m @ 7.5 g/t gold from 18.1 metres. This work program is not subject to re-appeal.

Mawson Resources Ltd. Announces High-Grade Drill Results from 100%-Owned Palokas Gold Discovery in Northern Finland

Mawson Resources Ltd. announced the latest high-grade drill results from the 100%-owned Palokas gold discovery in Northern Finland. Two drill holes for 180.2 metres were completed before winter access conditions ended, to test the down-dip extensions of the Palokas prospect, where drill results included 19.5 metres @ 7.4 g/t gold from 1.3 metres. The true thickness of the mineralized interval is interpreted to be approximately 100% of the sampled thickness. Visible gold was observed in drill hole PRAJ0107 at 28.95 metres depth. Gold mineralization is covered by thin glacial till deposits and has an association with induced polarization and electromagnetic geophysical anomalies. Gold is associated with cobalt, tungsten and tellurium while no significant uranium was encountered. Drilling will recommence during summer conditions in August 2015, after a bird nesting exclusion period.


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