Mawson Gold published results of the maiden preliminary economic assessment on its Rajapalot gold-cobalt project in northern Finland, resulting in robust economics that could place the project as the EU’s third-largest cobalt mine and sixth-largest gold mine.
Mining operations are planned as underground-only operations with an expected mine life of currently 9 years and a total production of approx. 700000 oz Au and approx. 2800t Co. The company notes the growth potential of the project with all Rajapalot deposits being open at depth, and the 18000ha land package hosting other significant gold occurrences and undrilled targets.
Plan view over the Rajapalot deposits and site layout (Source: www.mawsongold.com)
