Gold-Cobalt Mine Development Underway in Finland as Australian Gold Spinout Decision Draws Near


Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading around C$0.23 per share — has tapped Mr. Ivan Fairhall as CEO to lead the next development stage at the company’s flagship, 100%-owned Rajapalot Gold-Cobalt Project in Finland.

Michael Hudson — whom you’ve gotten to know pretty well through Gerardo Del Real’s numerous interviews — will continue to serve as director and executive chairman of Mawson.

The move makes a lot of sense with Rajapalot transitioning from the initial exploration phase — along with last week’s 1M ounce Inferred Mineral Resource estimate — to the pre-development stage where Mr. Fairhall’s broad expertise in mine planning and development can really shine.

I also envision Aussie-native Hudson redoubling his focus on the company’s two 100%-owned Australian gold projects — Sunday Creek and Redcastle — which could potentially be spun out into a new gold company and which are both in the early stages of exploration with drills turning in the red-hot Victorian Goldfields mineral district.

Michael Hudson, commented via press release:

“We are delighted to have Ivan join Mawson's team. I have worked with Ivan at various points over the last 10 years and know he is very well placed to lead Mawson as the Company pivots towards the dual focus of resource expansion and pre-development in Finland. At the same time, we will soon outline the opportunities that exist for our Australian exploration assets via our strategic review. I truly look forward to working closely with Ivan as we embark on the next stage of the Company's growth.” 

Incoming CEO, Ivan Fairhall, added:

"I'm very pleased to be joining Mawson and leading the company through its most exciting stage yet. Rajapalot is growing rapidly with gold contained in resources up over 47% and grades up 19% in less than 12 months, and I believe Mawson has only just scratched the surface of what is clearly emerging as a gold camp of scale. Notwithstanding this huge growth potential, with over 1m oz AuEq now in resources, Rajapalot is now of a scale that justifies necessary work to chart its course to be a mine. I look forward to working with the board and management to unpack the multiple value opportunities for our shareholders."

As I noted, our own Gerardo Del Real of Junior Resource Monthly has been tracking all the late-breaking developments at both the company’s Finnish and Australian assets through every turn of the drill.

In last month’s JRM issue, Gerardo stated, “I expect a busy couple of months for Mawson, starting with a resource update that should demonstrate a million-gold-equivalent ounces in Finland. Then I expect news from Australia which will include a likely spin out of those assets into a single company. That will help unlock the value there and allow for an eventual buyout of Rajapalot, which will be a mine one day and boast a multimillion-ounce gold resource.”

Click here for a short video clip where Mr. Del Real covers just a few of the key advantages his subscribers enjoy every single month — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is setting up to be one of the most profitable quarters he’s seen in the junior resource space. 

(Click to Play)

Also click here for our feature report on Mawson Gold.

Yours in profits,


Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.

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