Mawson West is in a joint venture (MWE 65%)with Anvil Mining on the 5,500km2 Kapulo project which straddles the border between Zambia and the DRC in Central Africa. The high-grade Kapulo copper deposits are located 130km NE of Anvil Mining's high-grade copper/silver Dikulushi mine.

Mineralisation

Numerous copper occurrences and at least one identified gold occurrence within the project area. Three main copper deposits at Kapulo - Shaba, Safari North and Safari South. The deposits are hosted in coarse grained Katangan sediments close  to a faulted contact with the Benguelan granite in the east.

Primary sulphide mineral is chalcopyrite, with varying amounts of chalcocite, and bornite, oxide enrichment has formed cuprite, native copper, azurite and malachite. Scope for increasing the number of known copper mineralised systems in the project is high.

Work Completed to Date

Detailed mapping up to 20km North of the Kapulo deposit. Airborne magnetic and radiometric survey completed over Kapulo region.

Regional soil sampling of the Kapulo fault 20km north and south of Shaba completed. Results pending.

53 diamond drillholes completed at Shaba. Latest results:

                     45m @5.1%Cu incl 30m @7.4%Cu

                     48m @4.4%Cu incl. 14m @11.1%Cu

                     64.4m @5.9%Cu incl. 40m @8.6%Cu

                     62m @4.0%Cu incl 27m @8.3%Cu

29 diamond drillholes completed at Safari North

                     30m @4.3%Cu incl. 18m @6.6%Cu

                     10m @5.2@ Cu

High grade silver also intercepted:

                     18m @15.9g/t Ag

                     10.6m @53.4g/t Ag

Both deposits open at depth.