Discovering and Developing High Grade Copper

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Discovering and Developing High Grade Copper
Gold Resources
Drilling at the Katanga prospect Kapulo project
DR Congo Central Africa
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Corporate

• Capital Structure
• Shares 97,437,180
• Options 20c Exp 07 11,212,129
• Options 20c Exp 11 2,175,000
• Options 30c Exp 09 2,500,000
• Options 30c Exp 11 2,375,000
• Anvil Shares on 51 MWE earn in Kapulo 10,000,000

• Directors Management
• Independent Chairman Mark Stowell BBus ACA
• Managing Director David Frances BSc (Hons) MAIG
  MAICD
• Independent Director Jonathan Asquith CA MBA
• Operations Manager Stan Procak
• CFO/Company Secretary Glenn Zamudio Bsc (Chem
  Eng) MBA CFA

Market Cap 24M _at_ 24cps Undiluted
Mawson West Ltd
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Kapulo Joint Venture

• Democratic Republic of Congo Zambia Central
  Africa

High-grade Cu artisanal workings
Adit into hill for sampling
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• KAPULO PROJECT
• Strategic Joint Venture with Anvil Mining
• Approximately 5,500km2 of contiguous tenure in
  DRC and Zambia
• MWE can earn 65 by spending US4 million over
  four years
• MWE can earn 51 by spending US2.7 million or
  defining a JORC compliant indicated resource of
  50,000t of copper at 4 - whichever comes first

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• Strategic agreement with Anvil allows MWE to work
  under Anvils Dikulushi Mining Convention.
  Potential fast track to production
• DRC Government has established a modern Mining
  Code under the guidance of the World Bank has
  improved significantly the investment climate for
  mineral exploration and mining
• Some of the worlds major resource companies are
  investing in new projects in the DRC eg Phelps
  Dodge - Tenke Fungurume - (547Mt_at_3.5 Cu, 0.27
  Co)

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• MINERALISATION
• Numerous copper occurrences and at least one
  identified gold occurrence within the project
  area
• Approximately 130km of strike along the regional
  Kapulo Shear Zone which hosts the Kapulo copper
  deposits (and many other Cu occurrences)
• The Kapulo Copper deposits comprise three main
  zones Katanga, Safari North and Safari South
• Recent channel and rock chip sampling by MWE
  confirmed the very high-grade nature of the
  deposits with 8m _at_ 11 Cu and over 30 Cu in rock
  samples

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• Kapulo Copper Deposits
• The deposits are hosted in coarse grained
  Katangan sediments close to faulted contact with
  the Benguelan granite in the east
• Main primary sulphide mineral is chalcopyrite,
  with varying amounts of chalcocite, bornite and
  on average grades from 5-7 Cu. Oxide enrichment
  has formed cuprite, native copper, azurite, and
  malachite with grades up to 31 Cu
• RESOURCE
• Explored by Simikat, Seremi, and Falconbridge,
  during the 1920s, 1950s, and 1970s, respectively
• They calculated open ended resources (along
  strike and down dip) between 750,000t _at_ 4.7 Cu
  and 850,000t _at_ 5.8 Cu, to approx 50m depth
  (Approx 50,000Cu tonnes)
• Estimates based on digging and systematic
  sampling of 386m of pits, 924m of open-cuts,
  4,168m of drifts and eight diamond drill holes
  totaling 2,055m
• Disclaimer Due to the age of the exploration
  work the potential quantity and grade is of a
  conceptual nature, and as such cannot be used to
  define a Mineral Resource under the JORC Code. It
  is uncertain if further exploration will result
  in the determination of a Mineral Resource

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• POTENTIAL
• Kapulo deposits open ended in all directions.
  Katanga deposit intersected in one deeper
  vertical drillhole 15m_at_4 Cu from 125m
• Approx 130km of strike along regional fault zone
  hosting numerous other copper occurrences within
  the project area. Also other stratabound and vein
  style Cu and gold occurrences
• Potential to host very significant copper tonnes

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• DEVELOPMENT
• Preliminary scoping studies and metallurgical
  work undertaken by prior explorers. No
  metallurgical issues identified.
• Strategic Partner (Anvil) already operating the
  high-grade Dikulushi Cu-Ag mine 130km to the
  southwest.
• Anvil has established tried and tested
  concentrate supply route to market
• Equity interest to be held in trust for local
  community. Similar arrangement at Anvils
  Dikulushi mine has proven success
• Infrastructure and development continues to grow
  with majors committing to mining projects in the
  DRC
• Attractive investment terms for foreign companies

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• KAPULO INVESTMENT HIGHLIGHTS
• Advanced high-grade copper project with
  open-ended non-JORC resources, potential fast
  track to production
• Numerous other copper and gold occurrences for
  substantial resource expansion potential
• Large 5,500km2 contiguous under-explored ground
  position
• Established concentrate transportation methods,
  so low capex reqts
• Strategic Joint Venture Partner Anvil Mining
• Exposure to mineral investment hot-spot
• Low mkt cap, focused and experienced management
  team, incl. DRC experience

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Golden Mile South Project Kalgoorlie, Western
Australia
Golden Mile South Project
The Golden Mile Superpit Looking South
Kalgoorlie, Western Australia
Mawson West Ltd
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Australian Projects Overview
GOLDEN MILE SOUTH PROJECT Golden Mile South Gold
Project (130km sq) is located 4km south of the
Kalgoorlie Super-pit (74m oz gold). Primarily
gold but potential for base metals including
nickel
MAYBELL GOLD PROJECT Mawson is 2nd largest land
holder in the Norseman district, centred on its
Maybell and Lord Percy Gold Projects. Resources
expanding
Mawson West Ltd
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Golden Mile South Regional Setting
After GSWA 1999

• One of the premier precious and base metal
  endowed regions in the world

• Extensive tenement package (130sq km) with 75 -
  100 ownership by Mawson West

Mawson West Ltd
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GMS Summary

• Only 4km SE of the Kalgoorlie Superpit, and
  amazingly underexplored
• Un-paralleled infrastructure several local
  operating mills, roads, railways, exploration
  services etc
• Strategic Joint Venture with St Barbara Mines
  (proven under-cover explorers). SBM to spend min
  500k in 6 months, and 3M to earn 51, within 3
  years. SBM can elect to earn 70 by spending a
  further 2M in 2 years.

Mawson West Ltd
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Norseman
Looking South from the Maybell Deposit over Lake
Dundas

• Resources at Maybell and Lord Percy feasibility
  studies for production in progress

Mawson West Ltd
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Project Location Map
Norseman Gold Mines Deposits (P In Production
Now) Norseman 0.16m oz _at_ 19.4g/t Mararoa
1.2m oz _at_ 11.2g/t (p) Crown 1.05m oz _at_
10.5g/t Bullen 0.43m oz _at_ 10g/t (p)
Lady Mary Gold Deposit 5-6kt parcel _at_ 7-8
g/t Exciting adjacent results
Maybell Gold Deposit 40,000oz gold - open at
depth. Lord Percy gold Deposit 39,000oz _at_
3.8g/t. Black Cat Advancing toward resource.
Mt Henry Deposit 664,000 oz gold
(lt2g/t) (Undeveloped)
Scotia Mine 155,000oz gold (6g/t) (Mined) 250,000o
z gold (5.2g/t) resources
Mawson West Ltd
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Maybell Deposit

• 40,000 oz at 2.8 g/t (High grade cut to 30g/t)
• 90 Indicated resource (JORC Compliant)
• Strong continuity of orebody
• Open at depth, structure open along strike for
  over 955m
• Metallurgical Recovery of 94

Mawson West Ltd
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Norseman Summary

• Norseman has an exceptional gold endowment over
  6M oz gold produced at over 10g/t continuously
  for over 65 years. Resources to continue well
  into the future
• Long life high grade, but deep gold mines, -take
  time to define and develop

• Mawson is the 2nd largest land holder in the
  Norseman District, centred on its Maybell and
  Lord Percy Gold Projects
• Maybell 40,000oz with robust open pit economics,
  feasibility studies progressing

• Second gold deposit potential discovered at Lord
  Percy Project, 600m east of Maybell 39,000 oz _at_
  3.8g/t gold. Optimisation study in progress
• Third deposit? Black Cat-2km SW- 6m_at_9.2g/t gold

Mawson West Ltd