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MAW Maruwa Co. Ltd

0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Maruwa Co. Ltd LSE:MAW London Ordinary Share JP3879250003 JPY50
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7,000.0946 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Porcelain Electrical Supply 58.8B 15.02B - -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7,000.0946 JPY

Maruwa (MAW) Latest News

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Date Time Source Headline
26/10/202307:46UKREGMaruwa Co Ld Half-year Report
27/7/202307:22UKREGMaruwa Co Ld 1st Quarter Results
27/4/202308:52UKREGMaruwa Co Ld Final Results
31/1/202307:00UKREGMaruwa Co Ld 3rd Quarter Results

Maruwa (MAW) Discussions and Chat

Maruwa Forums and Chat

Date Time Title Posts
27/9/201606:24Mawson Resources: Gold and Uranium in Sweden101
16/9/200520:00Mawson Ressources: Gold & U. Exploration in Sweden1

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Maruwa (MAW) Top Chat Posts

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Posted at 01/12/2023 08:20 by Maruwa Daily Update
Maruwa Co. Ltd is listed in the Porcelain Electrical Supply sector of the London Stock Exchange with ticker MAW. The last closing price for Maruwa was ¥ 7,000.
Maruwa currently has 12,372,000 shares in issue. The market capitalisation of Maruwa is -.
This morning MAW shares opened at -
Posted at 26/9/2016 22:23 by shavian
Echo...echo..yes! Here's an answer at last, over 5 years later. And what a day..MAW up over 30% today. A whole new ball game. Boulders of gold in Finland! Wake up..

Energyi .. You still around? If so could you modernise the header please.

I took my first position in MAW yesterday
Posted at 10/8/2007 16:11 by energyi
but MAW will be lucky to get a "V" bottom here,
which is what we want to see
Posted at 26/2/2007 16:54 by ianwc
still hold. only just noticed the share price! nice suprise.
Posted at 28/12/2006 12:27 by frizzers
The thread sleeps, but Mawson does not.

I think the move is largely down to one man's utterance:

December 26, 2006

James Dines Recommends

Mawson Resources Ltd.

TSXv - MAW; Frankfurt – MRY (WKN A0D 8YJ); Pinksheets – MWSNF

Dear Friends:

This just in From James Dines "The Original Uranium Bug":

"We ourselves started buying Mawson some time ago, and plan to continue Accumulating it, along with other uranium holdings when new capital becomes available to us. There are 36.9-million shares outstanding (fully diluted) and we hereby add Mawson to Supervised List #5." (Subscribe to Dines Letter)

Today Uranium is at US$72.00 per pound. James Dines got interested in Uranium and flashed a buy signal when it was still at US$8.00 per pound. In November 2005, with Uranium at US$27.00 a pound, Mining Interactive interviewed James Dines. The predictions in the video interview are still true and pertinent today.

This summer we visited the Mawson uranium and gold projects in Sweden and we filmed a four (4) part on-site series of which part three (3) is mainly on how Mawson obtained its stellar portfolio of uranium and gold projects. The Sweden four (4) part video series can be viewed at
Posted at 11/7/2006 23:03 by holdontightuk
csmyth - 12 Jun'06 - 11:41 - 43 of 45

43101 reports are out in 2-4 weeks. I would expect the stock to start firming up in anticipation of these as the analysts will then see Mawson with over 120m lbs of uranium.

Didnt quite happen that way did it!

Dear Investors, Brokers and Friends:

I am pleased to announce that a NI43-101 technical report on three uranium
properties has been prepared by Andrew Browne of GeoSynthesis Pty Ltd, who
has 35 years resource experience within the uranium industry. He was team
leader during the discovery of the Ranger 68 uranium deposit and is the
current Qualified Person for the reserves at the Jabiluka uranium project,
owned by Energy Resources of Australia Ltd (ERA). The technical report will
soon be available on SEDAR.

The main findings of the report are:
* The Kläppibäcken project contains 2.0 million pounds of uranium
oxide in an indicated category as per CIM guidelines. This estimate is
regarded as a minimum, since the mineralization is still open laterally and
at depth.
* The Duobblon project contains 11.6 million pounds of uranium oxide
in an inferred category as per CIM guidelines.
* The magnitude of the exploration target at Tåsjö has been confirmed.
* The proposed total budget for the three uranium projects over the
next 18 months exceeds CAD$2,000,000.

Below you will find today's press release with further information.


Michael Hudson
President & CEO



Vancouver, Canada – Mawson Resources Limited ("Mawson" and/or the "Company")
TSXv – MAW; Frankfurt – MRY. Mr Michael Hudson, President & CEO, is pleased
to announce that a NI43-101 technical report on three uranium properties has
been prepared and will soon be available on SEDAR. The main findings of the
report are the Kläppibäcken project contains 2.0 million pounds of uranium
oxide in an indicated category and the Duobblon project contains 11.6
million pounds of uranium oxide in an inferred category as per CIM
guidelines. In addition, the magnitude of the exploration target at Tåsjö
has been confirmed. The estimate at Kläppibäcken is regarded as a minimum,
since the mineralization is still open laterally and at depth. The proposed
total budget for the three uranium projects over the next 18 months exceeds

The independent qualified person authoring the report is Andrew Browne of
GeoSynthesis Pty Ltd, who has 35 years resource experience within the
uranium industry. He was team leader during the discovery of the Ranger 68
uranium deposit and is the current Qualified Person for the reserves at the
Jabiluka uranium project, owned by Energy Resources of Australia Ltd (ERA)
and located in the Northern Territory of Australia. Mr. Browne visited
Sweden in early May to conduct his due diligence on the projects.

Mawson is the 100% owner of three advanced uranium exploration areas in
Sweden, two of which contain drilled uranium deposits, and one containing a
partially-drilled uranium occurrence. The projects are named Kläppibäcken
(209 hectares granted and 7,555 hectares under application, totalling 7,764
hectares), Duobblon (5,169 hectares), and Tåsjö (17,563 hectares), together
covering 30,496 hectares.

All of these exploration licenses lie within the northern half of Sweden,
south of the Arctic Circle, and along the Caledonide mountain front just
east of the border with Norway. Kläppibäcken is accessible from a power
line access track, Duobblon via two wheel drive forestry roads and Tåsjö via
major paved roads.


Kläppibäcken is part of the intrusive-related uranium deposit spectrum. The
uranium mineralization occurs in a cataclastic to brecciated granite which
is generally strongly enriched in fluorite. The fluorite content increases
with the degree of brecciation, and is generally highest in the central
parts of the mineralisation. The width of mineralisation is generally
greater than 30m, and locally up to 50m or more. The historical drilling
has shown that mineralisation exists to greater than 150m below the surface,
at least 150m along strike, and remains open both at depth and along strike.

Historical resource estimates were completed at Kläppibäcken by the
Exploration Division of the Swedish Geological Survey ("SGAB") in 1984,
using XRF and NAA analytical data separately and using two separate cut-off
grades. Thirty-two drill holes for 3,951m were completed and drilling was
carried out within an area approximately 150m by 200m, along a total of 6
drilling sections, with a distance of 25m between sections. The distance
between holes in the same section was generally 25m. The ore resource
estimation was completed using SGAB's in-house computer program, based on a
polygonal sectional technique.

Following a review of the SGU documentation and the auditing of the
calculation methodology, GeoSynthesis concludes that the historical SGU
estimates at Kläppibäcken should be classified as Indicated Resources as per
CIM guidelines, on the basis of the close density of drilling, checked
composited grades and inter-hole continuity. Using a 300ppm uranium lower
cut-off the indicated resource at Kläppibäcken is:

* 929,756 tonnes at 0.10% U3O8 for 897 tonnes (2.0 Mlbs) of uranium
oxide (U3O8)

These estimates are regarded as a minimum, since the mineralization
is still open laterally and at depth.


Duobblon is part of the acid volcanic-related uranium deposit
spectrum, hosted within a locally developed, shallowly dipping suite of
sedimentary and pyroclastic lithologies. Mineralization extends from 3m
below surface to at least 300m vertical depth. The host ignimbrite sequence
is approximately 60m thick and is known over a strike length in excess of 5
kilometres. The richest uranium concentrations occur as several 5-25m thick
and 1,000m long horizons within the ignimbrite. Uranium occurs as fine
pitchblende disseminations, as complex uranotitanates in association with
Fe-Ti-Mn oxides and as molecular coatings associated with the sericite

Drilling was completed between 1976 to 1979 within a 200m by 100m
drilling pattern by the Swedish Geological Survey ("SGU") along twenty-three
sections spaced approximately 200m apart over 6000m of east-west strike. In
total 55 drill holes for 10,316m of core were completed at Duobblon. The
deposit was divided into three zones – western, central, and eastern. The
central zone comprises the resource area and has a strike extent of
approximately 1,000m which was tested by 35 drill holes containing 7,346m
within twelve, 200m spaced cross sections. Hole spacing along the sections
was approximately 100m. Uranium block grades were estimated as metre-%
within each mineralised zone in the sections, utilizing a minimum 0.01
metre-% uranium grade-thickness. The main limitation with this technique is
that a high grade thin zone has the same average as a thick low grade zone.
The ore resource estimation was completed using a polygonal sectional
technique based on planimetry.

GeoSynthesis concludes that, following this review of the SGU
historical resource estimate completed at Duobblon by the SGU in 1979 and
the auditing of the calculation methodology, that the following historical
SGU estimates at Duobblon should be classified as Inferred Resources as per
CIM guidelines, on the bases of the geological continuity, wider density of
drilling, checked grades and inter-hole continuity:

* 16.271 million tonnes at 0.0342% U3O8 for 5266 tonnes (11.6 Mlbs) of
uranium oxide

Over 70% of this occurs within three of the cross-sections, one of which has
an average uranium content of 0.051% U3O8.


Tåsjö is part of the sedimentary uranium deposit spectrum. Uranium
mineralisation associated with phosphate concentrations are known globally,
although the Tåsjö deposit is perhaps the oldest known to date, being

At Tåsjö, the 83 drillholes that have been drilled into Mawson's project
over an area of approximately 10 kilometres by 20 kilometres do not provide
sufficient density of data for the calculation of a NI43-101 compliant
resource. However, the uranium mineralized horizon has been drill
intersected over a large area. Uranium mineralization is associated with
concretions of the apatite mineral carbonate-fluorapatite, which constitutes
up to 20% of the rock. Mass balance calculations indicate that the uranium
grade of the apatite is 0.16%, while the grade of the host Lycophoria Schist
ranges between 0.03 - 0.07% U3O8 and 0.11 - 0.24% rare earth metals. The
combination of rare earth metals has been confirmed by check sampling.

G. Armands (1964) of the Swedish Atomic Energy Agency estimated that 75 to
150 million tonnes exist within the Tåsjö field at a grade between 0.03 -
0.07% U3O8, 0.11 - 0.24% REE, and 3.75 - 7.5% P2O5 as detailed in his report
"Geological Investigations in the Tåsjö area in 1963 and 1964". His
estimate of the total contained metal of the field was 104 - 116 million
pounds of U3O8 plus 165,000-180,000 tonnes of REE and 5.63 million tonnes of
P2O5. Following a review of the SGU documentation, a field visit and check
analysis of core samples, GeoSynthesis confirms the scale of the conceptual
exploration target estimate. The potential quantity and grade indicated is
conceptual in nature, there has been insufficient exploration to define the
target at this time and it is uncertain that further exploration will result
in the definition of a resource.

The independent qualified person for Mawson's Swedish uranium projects and
author of the NI43-101 technical report is Andrew Browne. Mr. Browne is a
Fellow of the Australasian Institute of Mining and Metallurgy and has
reviewed and verified the contents of this release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, President & CEO

Investor Information
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez (604) 685 9316
Investor Relation Consultants: Mining Interactive Nick Nicolaas (604) 657
4058, Wayne Melvin (604) 619 6327

Forward Looking Statement. This news release contains certain
"forward-looking" statements and information relating to the Company that
are based on the beliefs of the Company's management as well as assumptions
made by and information currently available to the Company's management.
Such statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships with
vendors and strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change, changes in
industry practices, and one-time events. Should any one or more of these
risks or uncertainties materialize, or should any underlying assumptions
prove incorrect, actual results may vary materially from those described
herein. Neither the TSX Venture Exchange nor the Frankfurt Deutsche Börse
have reviewed the information contained herein and, therefore, do not accept
responsibility for the adequacy or accuracy of this news release.
Posted at 19/6/2006 00:55 by csmyth
Resource Stocks covered MAW today:

Sizable Uranium Prospects, With Gold as a Backup

By Stephen Clayson
18 Jun 2006 at 06:48 PM EDT

LONDON ( -- Mawson Resources [TSXv:MAW] is hoping that its collection of uranium projects in Sweden will become a lot more valuable as the political mood in the Scandinavian country changes to become more favourable towards uranium mining.

Mawson's CEO Michael Hudson is confident that this political shift will happen at some point, and if it does, then it would be in line with the general current of things in Europe right now. A growing number of people are realising that purblind opposition to nuclear power is not the way forward, and a move in this direction on Sweden's part could see Mawson with a potential mine on its hands.

In the meantime, Mawson is aiming to establish 43-101 compliant resources on its most advanced uranium properties, which is clearly a wise move if it wants the assets to be given their due credit by the market.

The company's uranium projects number 8 in total, with perhaps the most exciting being Tasjo, where the company is targeting a uranium resource containing between 104 and 116 million pounds of uranium oxide, plus significant quantities of rare earth metals. An exploitable resource of this size would be quite a prize. Also particularly notable is the Flistjarn project, where sampling has returned bonanza uranium grades of up to 19.1% uranium oxide.

A little known fact is that Sweden contains a significant portion of the world's uranium deposits, possibly as much as around 15%. A stable political climate and proximity to major sources of uranium demand in the form of Europe's array of nuclear power stations are also plus points.

Given that many of Europe's ageing nuclear stations, including those in Sweden, will require replacement in the not too distant future, then significant European demand for uranium seems very likely.

The sourcing of uranium within the European Union, as Sweden is, might also play well at high levels in Brussels, as production could then be tightly regulated and monitored, thus combating any public concerns, however unrealistic these may be, about the proliferation of nuclear materials.

Mawson's gold position centres on an emerging Swedish gold district, Skellefte, which already contains one producing mine and a number of other projects. The company has claimed 76,000 hectares of ground, and is excited about the regional geology.

Altogether, Mawson is holding or has the right to earn into fourteen gold projects. Six of the projects are seen by Mawson as especially promising on the basis of drilling or surface sampling. Attention grabbing results include an intersection of 14 metres grading 19.8 g/t at the Vargbacken project, and an intersection of 29 metres grading 1.37 g/t at the Middagsberget project. Further drilling is to take place on a number of projects, and a 43-101 compliant resource is under calculation for Vargbacken with a figure expected this month.

Mawson has a joint venture agreement in place with First Fortune Investments [TSXv: FRF] that will see First Fortune spend CAD$2.5m earning into up to 70% of any discovery made through the exploration of eight of Mawson's lower priority gold projects, allowing Mawson to concentrate its expenditure on its uranium projects and on those gold projects, such as Vargbacken, that remain outside the joint venture.


Overall, Mawson is an early stage proposition, but with a good assortment of projects and a committed outfit behind them, there is a good chance that at least one project could come to fruition, and the twinning of gold and uranium helps defray the risk that afflicts the latter given its political sensitivity. Sweden is an established gold and base metal mining nation, and if the political shift in favour of uranium that Mawson is anticipating occurs, then the company will be in an enviable position.
Posted at 01/5/2006 19:25 by holdontightuk
Looks to be trying to make that break.....I topped up with a few today.

SUBJECT: Uranium projects in Sweden - what a chance!!! Posted By: holmeshawk28
Post Time: 4/30/2006 08:03
« Previous Message Next Message »

Mawson runs a lot of very good Uranium projects in Sweden - but at the moment they aren´t allowed to exploit them. But there seems to be a political swing ahead - the high oil and gas prices do make that possible. Sweden needs to be independent in the future. The dependence on rising prices of different energy sources is a real problem - at last in many European countries. The Uranium price creates just 5% of the costs of nuclear power plants. So if there is a souring Uranium price, the costs of running nuclear power plants will react moderately. Think about other energy resources - a strongly rising price will have a greater effect on producing energy.
So, apart from the excellent Gold projects (the drilling results will come out in less than two weeks due to the schedule) there are superior Uranium projects. If there ist an chance to exploit them, the stock will mutiply (just my opinion).

Regarding a question the shareholder potential of the Uranium projects, Michael Hudson (CEO) wrote me the following:

Dear Mr XXX,

Thank you for your interest in Mawson.

More details regarding the Company's approach to uranium exploration and
mining in Sweden can be found at
and under the
index on the Mawson website Investors>>Uranium Industry Information.

European uranium consumption is set for a dramatic increase and the EU
strongly supports domestic production (for all resources). Sweden is the
only country in the EU with significant uranium resources (with a value in
the order of Norway's North Sea oil), placing the country in an enviable
position with regard to future supply. Across the border in Finland, the
world's largest nuclear reactor, and Europe's fist for 15 years is under
construction at Olkiluoto 3.

Sweden is well embedded in the nuclear cycle, with 50% coming from 10
nuclear power plants. All but four rivers in the country have been dammed,
there isn't much in the way of sun or wind or even tidal movements, so they
really have no option but to continue their investment in the nuclear
industry. Sweden is a world leader in nuclear efficiency research and in
disposal of nuclear waste which all occurs in-country.

The closure of one nuclear reactor last year after a 1980 referendum to
phase out nuclear power by 2007 (now extended to 2010!) lead to an immediate
5% increase in greenhouse gas emissions for the Country due to coal power
substituted from Poland. Sweden is a signatory to the Kyoto protocol.
Since then the government has committed 32 billion Kronor over the next 5
years to investment in the existing nuclear infrastructure (modernization
and upgrading). The increased production capacity will exceed that of two
mid-size reactors!

However, you are correct that the current government in Sweden does not
favour uranium mining. There is, however, an election in September 2006 and
uranium policy is well and truly on the agenda. Mawson has received
significant main stream Swedish media coverage over the last 4 months as a
result of the current interest in energy self-sufficiency in Sweden. One of
the main opposition parties (the Center Party) has expressed a positive view
of about nuclear power, whilst opinion polls show 70-80% acceptance that
nuclear power is the way forward. Progress is being made with changes such
as the removal of the "thought ban" on nuclear research over the last 5
months after a 26 year hiatus. This debate and change has been "fuelled" by
the country's poor resource security; by the gas supply (or failure to
supply) issues from Russia; and by the backlash after the recent public
exposure that Sweden purchases a large percentage of its uranium from
Kazakhstan, where mining is less regulated. Sweden has a strong social
conscience, and they do not generally shift such problems off-shore. I
personally feel most encouraged by the support that Mawson has been shown by
industry associations and the Swedish Mining Inspectorate who are in strong
support of Mawson's uranium exploration strategy.

There is little doubt that all uranium projects come with political risk -
for example, Laramide Resources, with a market cap. of CDN$250 million vs.
Mawson market cap CDN$30 million which operates the Westmoreland project in
the state of Queensland in Australia where the local state government has
made a strong stance against uranium mining. Mawson Resources is one of
many companies exploring for uranium in Sweden. I direct you to the recent
interest in Continental Precious Minerals (CZQ) on the Tax exchange
( ).

With the significant projects Mawson hold, the NI43-101 process we are
currently going through to confirm the historic data and the "winds of
change" that are upon Europe in general and Sweden in particular, I believe
that the Company provides a compelling energy story. The Company will
continue to add value its uranium and gold portfolio and watches the global
debate with interest. Mines take a lot longer time to discover, delineate,
permit and open than political opinion takes to swing.

Please do not hesitate to contact me again if you have any additional


Michael Hudson

President & CEO
Posted at 10/4/2006 10:57 by energyi
(Here is what Steve Saville says):

Mawson Resources (TSXV: MAW), a company focused on exploring for uranium and gold in Sweden.

MAW's primary focus is on uranium and the company has several prospective uranium projects in Sweden. The company reports a POTENTIAL resource, based on historical data, of 130M pounds of uranium oxide (U3O8) across three of its projects. Here's the breakdown:

- Tasjo: 116M pounds
- Duobblon: 11.6M pounds
- Klappibacken: 2M pounds

None of the above resource estimates currently meet NI 43-101 requirements so they should not be relied upon for valuation purposes. They are, however, based on extensive exploration work carried out in the past. The resource potential estimated for the Tasjo project, for example, is based on the results of 190 drill holes.

The main reason we are going to add MAW to the TSI Stocks List at this early stage of development is that the company's market valuation is low enough that it will be a value proposition even if the actual resource proves to be only one-quarter the current 'guesstimate'. To be specific, MAW's current market cap is US$26M (26M shares at C$1.16/share), so if the resource turns out to be only 30M pounds of U3O8 then MAW would still be trading at less than US$1 per pound of in-ground uranium. This is much lower than most exploration-stage uranium companies.

Another reason to be adding MAW to the Stocks List at this time -- in the face of considerable general market risk -- is that the stock does not look risky from a technical perspective. As evidenced by the following chart, MAW rocketed higher between the beginning of November and the middle of January but has since been consolidating. It has retraced about 50% of its spectacular run-up and has strong support within 15% of Friday's closing price. Barring a total collapse in the resource sector of the stock market, a drop back to support at around C$1.00 probably describes the maximum downside potential over the next few months.

In our opinion, the two main risks associated with MAW are:

1. Geological: At this early stage we can't be confident that the quantity or quality of the resource will be sufficient to enable uranium to be profitably mined.

2. Political: Sweden's current government does not favour uranium mining.

Taking into account the opportunities and the risks, we think MAW is a reasonable speculation within 10% of Friday's closing price (C$1.16).
Posted at 07/4/2006 06:59 by energyi

Vancouver, Canada ¡V Mawson Resources Limited (¡§Mawson¡¨) TSXv ¡V MAW; Frankfurt ¡V MRY. Mr Michael Hudson, President & CEO, is pleased to announce that Mawson, through its 100% subsidiary Mawson Sweden AB, has signed a Letter of Understanding (LOU) with TSX Venture Exchange listed company First Fortune Investments Inc (¡§First Fortune¡¨) to establish a Joint Venture to explore part of Mawson¡¦s extensive claim portfolio in the Skellefte Mining District of Northern Sweden. The Joint Venture covers 53,197 hectares within eight individual exploration claims.

A summary of the LOU terms follows:
• First Fortune has the right to earn 70% of all discoveries made on the Joint Venture claims;
• As consideration, First Fortune commits to CAD$2.5 million exploration expenditure over 4 years with minimum expenditure of CAD$0.3 million in both years one and two.
• Once First Fortune has earned its 70% interest both parties must contribute according to their equity interests to advance the properties.
• If either party elects not to contribute, then standard industry dilution formulas will apply down to a 5%
interest at which point the interest would convert to 2% net smelter royalty.
• Mawson will act as manager of the exploration program.
Mr Hudson comments, ¡§The proposed joint venture over eight regional gold projects is a significant step forward for Mawson. The Company can now more rapidly advance its substantial uranium portfolio, together with the Vargbäcken- Middagsberget gold project. The deal also allows Mawson to take full advantage of new exploration opportunities.

Through joint ventures, over the next four years, Mawson has secured commitments in excess of CDN$1 million per year from third parties to earn equity in the Company¡¦s non-core mineral assets in Sweden. This sharing of risk provides Mawson with exposure to additional exploration funding and greatly increases the chance of participating in a major discovery. We welcome First Fortune into Scandinavia and look forward to a long and successful relationship with our new joint venture partner.¡¨
Posted at 31/10/2005 18:14 by energyi

Mawson Resources (MAW/TSX.V $0.43)

Mawson (TSXV: V.MAW) was briefly mentioned one month ago in a StockHouse editorial
but the price has drifted in this same range all month. Surprisingly, even with $470 gold and strong uranium prices, the overall mining sector has been just as lethargic. It's tough to determine what will kick start the exploration stocks again but many seem to have found a bottom and present a good risk/reward scenario heading into Q1/06.

Mawson is likely waiting for news before moving forward and the recent expiration of IPO warrants (it went public in October 2004) is an important event. There were several million $0.50 warrants from the IPO that expired at the end of last week and because this was putting an artificial cap on the share price, it removes that element of risk.

The company's share structure is now very clean with the initial promoters, Canaccord retail IPO crowd, and traders all out of the stock. This is a good part of the reason it has held up well in the gold correction over the last month. Also of importance is the financing they closed in September at $0.40. This paper was placed into longer term hands with investors and institutions from Europe.

There is cash of over C$3 million in the treasury and a market cap of C $8million, which is modest given the success they have had in the past on the gold projects and the introduction of the new uranium projects. Soon we should see transfer of title on those uranium projects and that will open up channel sampling and drilling. This property recorded grab samples in excess of 19% U2O3, so I think we will see something good happen there. The gold projects from all reports also continue to deliver, with a drill program already under way and the first samples to be processed by the labs in November.

Sweden has been off limits for uranium exploration since the 1980's but due to a big swing in public support for nuclear power (they closed a reactor and the next year experienced a 10% increase in C02 emissions - 50% of Sweden's power comes from nuclear energy), exploration is now allowed.

Mawson picked up prime ground in the gold area, and has conducted two drill programs highlighting some excellent high grade systems (best result 14 metres at 20 g/t from near surface). They have been drilling out several targets in the Skellefte area which has yielded over 12 million ounces in its exploration and mining history. The uranium side came into play when they reviewed the entire Swedish geological survey uranium database and cherry picked the best properties in the country, which obviously provoked a lot of interest in the stock and explains why the funds liked it in Europe.

The company is run by Mike Hudson - a geologist who has worked in Sweden for years while working for Pasminco, an Australian base metal miner. Sweden is obviously a safe country to operate in and has first class infrastructure but what most don't know is that it has a rich mining history with 15% of the world's uranium reserves and is Europe's second biggest gold province.

Management own 30% and funds own another 30% and there will be 19.8 million shares outstanding on a fully diluted basis. Because of the existing institutional ownership, any solid hits on drilling should inspire funds to beef up their positions in the open market. We also understand they are considering marketing in Europe via their Frankfurt listing soon which could yield decent volume.

Like any junior exploration company you follow, the risks and volatility will be high until drill results are known or speculation moves back into the sector as a whole.

Disclosure: Danny Deadlock owns 10,000 shares of Mawson Resources

- -


Vancouver, Canada – Mawson Resources Limited ("Mawson") TSXv – MAW. Mawson announces a nonbrokered
private placement, subject to regulatory approval, of up to 3,000,000 units at a price of $0.40 per unit.
Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole
warrant will entitle the holder to acquire one additional common share exercisable for a period of one year following
the closing of the private placement at a price of $0.50 per common share.
A finder's fee of 9% cash to non-registrants, and 7% cash and 6% broker warrants to registrants, will be payable from
the gross proceeds of a portion of the financing. The net proceeds from the financing will be used for exploration
expenses of the Company's Swedish projects and for general working capital.
Maruwa share price data is direct from the London Stock Exchange

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