Neil MacRae: Growing Beyond 1-million Gold Ounces, Mining in Finland is Much Cheaper than in Canada

Mawson Finland’s Executive Chariman, Neil MacRae, joins GoldSeek TV in Zurich to talk about advancing the Rajapalot Gold-Cobalt project in Finland, which continues to grow in ounces as the company looks to grow the gold resources by at least 50%.

What makes this project distinct from other gold projects around the world?

Finland is a great jurisdiction for mining and exploring, a Tier 1 jurisdiction.

A total of about 100,000 meters will have been completed on the Rajapalot project, significant amount of drilling.

A PEA is out with a resource of 867,000/ozs of gold at 2.8 g/t and 441 ppm Cobalt, but is not capturing the latest drilling and gold prices.

Our mandate is to increase the size of the resource by 50% over two winter drill seasons.

Currently the economics of the project are robust with a NPV at $1,700/oz Gold = $211M and $333M at $2,000 Gold.

In the next year or so the PEA will be update with current gold prices and additional exploration work.

What makes this such a low-cost potential mine?

The operating costs for Mawson in Finland are about ½ the cost we see in Canada. Power to labor is substantially less along with the efficiency of the project.

We also discuss the state of the gold sector, I ask Neil:

Is there a growing interest in the gold stocks with the rising gold price and why haven’t the share prices responded more positively?

Learn more about Mawson Finland: https://mawsonfinland.com

This video was filmed in Zurich on November 11^th