Mawson Resources Limited (TSE:MAW) (OTCPINK:MWSNF) is changing its name to Mawson Gold Limited as the exploration company narrows its focus on precious metals.
The Vancouver-based company recently acquired a portfolio of gold projects in the Australian state of Victoria to complement its flagship Rajapalot gold-cobalt exploration project in Finland.
The firm also owns 483 square kilometres of ground in the renowned Mt Isa region of Queensland, where 5% of the world’s silver resources are contained.
READ: Mawson Resources says funded to drill promising gold and silver targets in Mt Isa in Queensland
CEO Michael Hudson told shareholders that the name change to Mawson Gold more accurately conveys the company’s ongoing focus on gold opportunities.
"After 10 years of focusing on gold exploration in Finland, and more recently Australia, the name change to Mawson Gold better reflects and brands our core business,” Hudson said in a statement.
Hudson noted that shareholders can expect results from drill programs from its three projects in “globally significant” precious metal areas, as well as a resource upgrade from Rajapalot, during the remainder of the 2020 year.
The name change is expected to take effect on August 6.
Contact Angela at firstname.lastname@example.org
Follow her on Twitter @AHarmantas