Impact: Positive
Mawson Resources announced drill results which continue to expand it’s 100% owned Rajapalot Project in Northern Finland. These are the first two holes of the company’s planned 15,000m program, which is expected to culminate in an updated resource estimate in mid-2020. We believe that Mawson is likely to at least triple its existing resource with its 2020 drill program, suggesting it is undervalued and approaching a resource level that will interest many corporates.