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INVESTMENT CASE - FUNDAMENTALS




          ✓ Right People


                  • Experienced corporate and technical team


                  • JV Partners and major shareholders


                         - Creasy Group (regional experience)


                         - IGO (regional experience)


                                                                                  2
          ✓ Biggest block on best street (3,088km )

          ✓ Nickel – Future Facing Commodity

                                                                                                                                                                           RKDD008
          ✓ Strong cash position - $31.5M @ 30/9/2020                                                                                                 Mawson Footprint

                                                                                                                                      RKAC151 RKAC183                 RKDD007
          ✓ Systematic exploration approach ongoing


          ✓ Mawson Discovery – December 2019                                                                                                                    Legend five year graph


                                                                                                                                              Exploration Success : The Value Driver
                  • RKDD023 & 027 – September 2020

          ✓ Expenditure budget ~$11M for 2020




                                            “Exploration success / regional recognition – price appreciation”                                                                          6
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