CORRECTION FROM SOURCE-Mawson West Limited: Kapulo Project Drilling Update

Marketwired

PERTH, AUSTRALIA--(Marketwired - Nov 21, 2013) - Mawson West Limited (MWE.TO) ("Mawson West" or "the Company") issued a press release on 19 November 2013 that contained an error in Appendix B - Table 5 entitled "2013 Safari South drill results to end of October 2013" contained in the press release. This error was not material. A corrected press release in its entirety is included below.

Highlights:

  • Kapulo resource definition drilling 85 per cent complete;
  • Shaba results confirm high-grade copper to beyond current pit design limits, including 25 metres @ 6.79% Cu, 30 metres @ 6.37% Cu;
  • Safari North results indicate potential for a high-grade open pit, including 19 metres @ 6.39% Cu, 22 metres @ 5.82% Cu;
  • Drilling at Safari South confirms continuity of mineralization over 350 metres strike length.

Mawson West Chief Executive Bruce McFadzean said:

"Further de-risking and expanding the Kapulo resources have been a major priority for the Mawson West exploration team this year and we can now see the results of that work coming to fruition. An extended life at Kapulo will underwrite the future of Mawson West when the mine is commissioned in 2014."

Mawson West Limited (MWE.TO) ("Mawson West" or "the Company") is pleased to provide an update on the results of ongoing drilling at the Company's Kapulo copper project in the Democratic Republic of Congo ("DRC").

Overview

Kapulo comprises three outcropping copper deposits, Shaba, Safari North and Safari South (Figure 1). Together, the three deposits comprise total Indicated Resources of 5.95Mt @ 3.5% Cu and 9ppm Ag, and Inferred Resources of 2.42Mt @ 2.2% Cu and 6ppm Ag(1) (Table 1, Appendix A). Mineral Reserves have been estimated only for the Shaba deposit: 3.6Mt @ 3.6% Cu and 8.3ppm Ag (Table 2, Appendix A). The Shaba Mineral Reserve formed the basis for the decision to proceed with development of Kapulo copper project.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/Figure1-MWE.pdf.

Drilling programs have been carried out at Shaba, Safari North and Safari South deposits since February 2013, with the effort stepped up from one rig to three rigs in May 2013. The objectives of the drilling campaign have been to upgrade the confidence categories of all resources, enable estimates of Mineral Reserves for Safari North and South deposits and obtain core samples for additional metallurgical test work. To the end of October, the 2013 program totalled 9,735 metres in 149 RC holes and 6,500 metres in 45 diamond core holes (including 2.034 metres in RC pre-collars). A further 353 metres of RC and 110 metres of core has been drilled in eight sterilisation holes.

At the end of October remaining planned drilling totalled approximately 1,900 metres of RC and 1,100 metres of core. It is anticipated that drilling will be complete by the end of November 2013, with re-estimation of resources to follow immediately. The updated resource models will form the basis for new Mineral Reserve estimates, mining schedules and financial modelling to be undertaken in Q1 2014.

Drill results available at mid-September for Shaba and Safari North deposits, along with those available at end of October for Safari South deposit, are discussed below.

Shaba Deposit

Figure 2 shows a long-projection of Shaba deposit, looking west. The figure represents horizontal width of mineralisation above 1% Cu cut-off multiplied by Cu grade, i.e. Cu grade x thickness metal accumulation. The figure is diagrammatic, based on the drill results available at mid-September 2013 and does not represent the model of Mineral Resources. The southerly plunge of the mineralisation is clearly represented. The open pit profile on the image represents the pit design within which the June 2011 Mineral Reserve was delineated.

Drill intercepts shown on Figure 2 represent holes for which assay results were available at mid-September 2013, with those returning greater than 10 metres estimated true width x Cu% labelled. Table 3 (Appendix B) presents the entire table of results along with drill hole location details.

The results to date confirm high-grade mineralisation proximal to the current pit design limits. The Company anticipates that re-evaluation of the optimum pit limits, in conjunction with upgrading of Inferred Resources to Measured and Indicated categories by virtue of closer drill spacing, may lead to an increase in the Shaba Mineral Reserve.

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/Figure2-MWE.pdf.

Safari North Deposit

Figure 3 shows a long-projection of Safari North deposit, looking west. The colour scheme is the same as that for Figure 2. The open pit profile on the image represents the possible limits of an economic pit, based on pit optimisations of Safari North excluding 2013 drill results.

Drill intercepts shown on Figure 3 represent holes for which assay results were available at mid-September, with those returning greater than 10 metres estimated true width x Cu% labelled. Table 4 (Appendix B) presents the entire table of results along with drill hole location details.

Pre-2013 drilling of Safari North was sufficient to define only about fifty per cent of the deposit as Indicated Resources, precluding a realistic estimate of Mineral Reserves. The Company expects that 2013 infill drilling will result in delineation of the bulk of the deposit as Measured and Indicated Mineral Resources, permitting estimation of Mineral Reserves.

To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/Figure3-MWE.pdf.

Safari South Deposit

At Safari South, limited drilling prior to 2013 was sufficient only to delineate an Inferred Mineral Resource.

Drilling during 2013 has confirmed that mineralisation extends over at least 350 metres strike length, with potentially economic copper grades extending to 40-50 metres below surface. The Company expects that data from the 2013 drill campaign will be sufficient to define Measured and Indicated Mineral Resources and potentially define Mineral Reserves.

Drill results available up to end of October are listed in Table 5 (Appendix B).

Qualified Persons' Statements

The technical information contained in this document that relates to exploration results has been compiled by Mr. Gary Brabham, MAusIMM, MAIG. Mr Brabham is a full-time employee of Mawson West Limited and is not independent of Mawson West. Mr. Brabham has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and as a Qualified Person as defined in National Instrument 43-101 "Standards of Disclosure for Mineral Projects". Mr. Brabham has reviewed and accepts responsibility for the technical information contained in this document that relates to exploration results and has consented to the inclusion of the matters based on his information in the form and context in which it appears in this document.

The technical information contained in this document that relates to the Mineral Resource estimates for the Kapulo project is based on information compiled by Mr. Steve Le Brun, a Member of the Australasian Institute of Mining and Metallurgy a Member of the Mineral Industry Consultants Association, and an Author of the NI43-101 Technical Report "Kapulo Copper Project, DRC" dated 30 June 2011. The Qualified Person responsible for preparing sections of the Technical Report as specified in that report (Mr Steve LeBrun; Technical Report as defined herein) is no longer employed by Coffey Mining, and, therefore, where Mr LeBrun was responsible for preparing the defined portions of the Technical Report, Coffey consents to being named in Mawson West Limited's announcement "Kapulo Project Drilling Update", dated on or near November 18, 2013. Coffey confirms that this document has been reviewed, including the written disclosure of the Technical Report summarized in the document, and Coffey has no reason to believe that there are any misrepresentations in the information contained therein that are derived from the Technical Report or within our knowledge as a result of the services performed by Coffey in connection with the preparation of the Technical Report.

The technical information contained in this document that relates to the Mineral Reserve estimates for Kapulo project is based on information compiled by Mr. Harry Warries, Fellow of the Australasian Institute of Mining and Metallurgy, Primary Author of the NI43-101 Technical Report "Kapulo Copper Project, DRC" dated 30 June 2011. Mr. Warries is a full time employee of Coffey Mining Pty Ltd and is independent of Mawson West. Mr. Warries has sufficient experience relevant to the type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Warries is a Qualified Person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects". Mr. Warries has reviewed and accepts responsibility for the Mineral Reserve estimates for Kapulo disclosed in the 30 June 2011 Technical Report and reproduced in this document and has consented to the inclusion of the matters based on his information in the form and context in which it appears in this document.

About Mawson West

Mawson West is a copper and silver-focused resource company listed on the Toronto Stock Exchange (TSX) and based in Perth, Australia.

The Company's two key projects are the Dikulushi copper-silver mine and the Kapulo copper mine located in the South Eastern province of the Democratic Republic of Congo (DRC). Mawson West also continues to focus on exploring multiple prospective targets located within its significant land holding of approximately 7,300km2 in the DRC's rich copper belt.

Forward-looking statements

This news release contains certain "forward looking statements". These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Company. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including (without limitation) the risks identified in the "Risk Factors" section of the Company's Annual Information Form and other public filings (copies of which may be obtained at www.sedar.com). The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

Appendix A - Kapulo Mineral Resource and Mineral Reserves

Appendix A - Table 1. Shaba, Safari North and Safari South June 2011 Mineral Resource estimates above 0.3% Cu cut-off grade. Ordinary kriged estimates using 2m cut Cu composites, parent cell dimensions of 10mE x 20mN x 5mRL, depleted for artisanal surface mining. Source: NI43-101 Technical Report "Kapulo Copper Project, DRC" dated 30 June 2011.

Classification Zone Mt Grade
(Cu%)
Cu Metal
(Tonnes)
Grade
(Ag ppm)
Ag Metal
(MOz)
Shaba Deposit
Indicated HW 1.710 7.7 131,650 23 1.24
FW 3.280 1.4 45,650 3 0.30
Subtotal 4.990 3.6 177,300 10 1.54
Inferred HW 0.195 7.4 14,400 30 0.19
FW 0.829 1.1 8,800 5 0.12
Subtotal 1.024 2.3 23,200 10 0.31
Safari North Deposit
Indicated HW 0.509 4.8 24,360 10 0.16
FW 0.451 1.8 7,950 3 0.05
Subtotal 0.959 3.4 32,310 7 0.21
Inferred HW 0.313 4.1 12,875 8 0.08
FW 0.693 1.3 9,075 3 0.06
Subtotal 1.006 2.2 21,950 4 0.14
Safari South Deposit
Indicated HW
FW
Subtotal
Inferred HW 0.098 4.2 4,150 1 0.01
FW 0.294 1.1 3,095 1 0.01
Subtotal 0.392 1.8 7,245 1 0.01
Note: Figures have been rounded. "HW" refers to Hangingwall portion (domain) of each deposit, "FW" to the footwall portion (domain)

Appendix A - Table 2: Shaba June 2011 Mineral Reserve estimate. Mineral Reserves above 0.3% Cu cut-off grade with 5% dilution applied at zero grade. Source: NI43-101 Technical Report "Kapulo Copper Project, DRC" dated 30 June 2011.

Classification Tonnes Cu Grade In-situ
Cu Metal
Ag Grade In-situ
Ag Metal
(Mt) (%) (kt) (Ag ppm) (kOz)
Proven - - - - -
Probable 3.6 3.6 128.0 8.3 954.8
Total 3.6 3.6 128.0 8.3 954.8
Note: Figures have been rounded

Appendix B - Kapulo Drill Hole Intercepts

Appendix B - Table 3: 2013 Shaba drill results to mid-September 2013.

Hole Collar_E
WGS84_35S
Collar_N
WGS84_35S
Collar_Elev
m ASL
Dip Azi
True
Tot_Depth
metres
From
metres
To
metres
Length
metres
Estimated
True Width
metres
Cu% Ag ppm True Width
x Cu%
Sample
Type
Comment
13SBDH072 745880 9081442 1160 -60 073 220 158 174 16 13.6 2.72 14.5 37.0 core
13SBDH078 745943 9081221 1177 -60 073 210 core NSI
13SBDH079 745994 9081240 1182 -60 073 143.45 core NSI
13SBDH080 745982 9081279 1172 -60 073 150 110 112 2 1.7 1.31 17.0 2.2 core
13SBDH082 745945 9081454 1174 -60 073 140 101 118 17 14.8 3.75 16.9 55.3 core
13SBDH083 745935 9081495 1170 -65 073 140 107 118 11 9.0 3.85 14.3 34.7 core
13SBDH084 745900 9081519 1165 -60 073 155 122 133 11 9.6 1.98 5.2 19.0 core
13SBDH085 745921 9081343 1164 -60 073 215.4 148 167 19 16.3 6.57 48.3 107.3 core
13SBDH086 745920 9081343 1164 -72 073 220 167 192 25 18.8 6.79 19.7 127.8 core
13SBRC004 746069 9081169 1185 -60 073 81 RC NSI
13SBRC005 746053 9081211 1180 -60 073 90 RC NSI
13SBRC006 746040 9081248 1179 -60 073 100 65 66 1 0.9 1.08 6.0 1.0 RC
13SBRC007 746052 9081050 1197 -60 073 25 RC NSI
13SBRC008 745964 9081636 1173 -60 073 88 RC assays awaited
13SBRC009 745960 9081774 1164 -60 073 49 RC assays awaited
13SBRC010 745925 9081758 1152 -60 073 70 RC assays awaited
13SBRC011 745887 9081751 1150 -60 073 100 RC assays awaited
13SBRC012 746076 9081314 1188 -60 073 85 RC assays awaited
13SBRD073 746077 9080891 1205 -60 073 36 core NSI
13SBRD074 745960 9081183 1181 -60 073 220 core NSI
13SBRD075 746010 9081199 1185 -60 073 180 core NSI
13SBRD076 746019 9081151 1189 -60 073 79 RC hole abandoned
13SBRD077 745977 9081137 1185 -60 073 80 RC hole abandoned
13SBRD081 745943 9081454 1173 -70 073 170 112 128 16 12.5 2.73 12.4 34.0 core
13SBRD087 745972 9081338 1166 -60 073 160 105 132 27 21.6 2.79 10.3 60.3 core
13SBRD088A 745909 9081318 1164 -60 073 183.7 163 182 19 16.1 3.81 11.6 61.4 core
13SBRD091 745907 9081317 1164 -72 073 231 197 227 30 21.4 6.37 24.6 136.3 core
13SBRD092 745826 9081298 1165 -58 073 292 246 269 23 core assays awaited
13SBRD093 745971 9081338 1166 -72 073 208.7 118 143 25 18.4 3.44 12.9 63.3 core

Table 3 notes: Intercepts calculated at 1% Cu cut-off. NSI = no significant intercept. Cu and Ag assays by SGS Dikulushi laboratory using three acid digest (method code A103) and AAS finish. Detection limit for Cu is 0.001%, for Ag 5ppm. Samples assaying less than detection limit are allocated a grade of half detection limit. Certified reference materials are inserted 1:20 in RC samples, 1:30 in diamond core samples. Duplicate split RC samples are inserted 1:20. Hole location coordinates are UTM WGS84 datum Zone 35S. Holes are normally sampled in uniform one metre intervals.

Appendix B - Table 4: 2013 Safari North drill results to mid-September 2013

Hole Collar_E
WGS84_35S
Collar_N
WGS84_35S
Collar_Elev
m ASL
Dip Azi
True
Tot_Depth
metres
From
metres
To
metres
Length
metres
Estimated
True Width
metres
Cu% Ag ppm True Width
x Cu%
Sample
Type
Comment
13SNDH038 746433 9079171 1192 -60 073 50 13 30 17 15.3 2.94 10.9 44.9 core
13SNDH039 746429 9079192 1192 -60 073 45 9 27 18 16.4 1.96 5.6 32.1 core
13SNRC027 746465 9079020 1202 -60 073 33 6 19 13 11.9 2.92 9.1 34.8 RC
13SNRC028 746445 9079013 1200 -60 073 60 22 32 10 9.0 6.11 18.7 55.2 RC
13SNRC029 746439 9079082 1198 -60 073 49 26 47 21 20.3 5.33 17.0 108.1 RC includes NSR 25-26m. 28-29m, 32-36m
13SNRC030 746419 9079220 1189 -60 073 40 10 13 3 2.7 1.39 7.7 3.8 RC
13SNRC031 746404 9079095 1190 -60 073 100 60 82 22 19.2 5.82 15.5 111.8 RC
13SNRC032 746393 9079241 1182 -65 073 75 42 45 3 2.6 1.08 9.3 2.7 RC
13SNRC033 746404 9079245 1183 -60 073 55 28 31 3 2.7 1.65 8.7 4.5 RC
13SNRC034 746387 9079205 1184 -65 073 82 64 69 5 4.5 1.59 6.2 7.1 RC
13SNRC035 746394 9078985 1180 -60 073 85 56 60 4 3.5 4.58 10.3 16.0 RC
13SNRC036 746391 9079020 1182 -60 073 103 58 61 3 2.6 6.83 16.0 17.8 RC
13SNRC037 746397 9079208 1184 -60 073 70 48 52 4 3.6 1.40 2.5 5.0 RC
13SNRC038 746390 9079042 1183 -60 073 101 60 72 12 10.0 4.69 11.6 46.8 RC includes NSR 64-65m
13SNRC040 746428 9079251 1186 -60 073 35 3 7 4 3.6 1.19 5.8 4.3 RC
13SNRC041 746431 9079191 1189 -60 073 40 6 24 18 16.3 2.53 5.4 41.3 RC
13SNRC042 746436 9079172 1190 -60 073 42 10 29 19 16.9 4.66 4.8 78.9 RC
13SNRC043 746425 9079169 1190 -60 073 50 21 36 15 13.5 3.42 2.5 46.2 RC
13SNRC044 746401 9079183 1185 -60 073 70 49 57 8 7.2 4.98 13.1 35.9 RC
13SNRC045 746414 9079165 1189 -60 073 73 39 46 7 6.3 1.55 2.5 9.7 RC
13SNRC046 746379 9079176 1184 -60 073 100 67 71 4 3.7 1.24 5.0 4.5 RC
13SNRC047 746416 9079132 1190 -60 073 76 55 59 4 3.6 1.76 5.8 6.3 RC
13SNRC048 746383 9079204 1183 -90 073 108 90 97 7 4.0 0.67 5.5 2.7 RC
13SNRC049 746391 9079119 1188 -60 073 94 80 86 6 5.3 5.33 14.8 28.0 RC
13SNRC050 746365 9079147 1181 -60 073 106 88 89 1 0.9 1.21 7.0 1.1 RC
13SNRC051 746328 9079294 1187 -60 073 69 RC NSI
13SNRC052 746404 9079071 1189 -60 073 100 49 62 13 11.7 6.36 17.5 74.4 RC
13SNRC053 746303 9079286 1189 -60 073 80 RC NSI
13SNRC054 746354 9079456 1185 -60 073 67 RC NSI
13SNRC055 746443 9079084 1197 -60 073 67 21 40 19 17.0 6.39 14.8 108.8 RC
13SNRC056 746322 9079447 1188 -60 073 85 RC NSI
13SNRC057 746431 9079056 1198 -60 073 80 33 35 2 1.8 2.22 6.5 3.9 RC
13SNRC058 746471 9078979 1200 -60 073 37 10 13 3 2.7 0.89 2.5 2.4 RC
13SNRC059 746487 9078946 1203 -60 073 25 RC NSI
13SNRC060 746466 9078940 1202 -60 073 49 10 13 3 2.7 1.80 3.3 4.9 RC
13SNRC061 746443 9078930 1199 -60 073 64 29 35 6 5.5 3.21 5.6 17.6 RC
13SNRC062 746448 9079014 1198 -60 073 60 18 29 11 9.8 5.65 8.2 55.6 RC
13SNRC063 746423 9078925 1196 -60 073 90 46 48 2 1.8 4.95 11.0 8.9 RC
13SNRC064 746372 9078912 1185 -60 073 151 81 88 7 6.2 2.52 5.1 15.7 RC
13SNRC065 746494 9078901 1210 -60 073 25 6 7 1 0.9 1.30 5.0 1.2 RC
13SNRC066 746474 9078895 1210 -60 073 70 14 15 1 0.9 4.22 2.5 3.8 RC
13SNRC067 746451 9078890 1209 -60 073 73 30 35 5 4.4 1.49 3.2 6.6 RC
13SNRC068 746425 9078884 1201 -60 073 98 50 55 5 4.4 1.84 4.8 8.0 RC
13SNRC069 746418 9079075 1196 -60 073 91 42 59 17 14.8 4.91 10.5 72.6 RC
13SNRC070 746384 9079204 1183 -75 073 111 75 80 5 3.6 0.62 2.5 2.2 RC
13SNRC071 746391 9079162 1185 -60 073 95 55 56 1 0.9 1.83 5.0 1.6 RC
13SNRC072 746389 9079240 1182 -80 73 65 RC assays awaited
13SNRC073 746457 9079196 1199 -90 000 37 RC assays awaited
13SNRC074 746464 9079172 1200 -90 000 37 RC assays awaited
13SNRC075 746439 9079138 1191 -70 073 55 RC assays awaited
13SNRC076 746480 9079072 1199 -90 000 50 RC assays awaited

Table 4 notes: Intercepts calculated at 1% Cu cut-off. NSI = no significant intercept, NSR = no sample recovered. Cu and Ag assays by SGS Dikulushi laboratory using three acid digest (method code A103) and AAS finish. Detection limit for Cu is 0.001%, for Ag 5ppm. Samples assaying less than detection limit are allocated a grade of half detection limit. Certified reference materials are inserted 1:20 in RC samples, 1:30 in diamond core samples. Duplicate split RC samples are inserted 1:20. Hole location coordinates are UTM WGS84 datum Zone 35S. Holes are normally sampled in uniform one metre intervals.

Appendix B - Table 5: 2013 Safari South drill results to end of October 2013

Hole Collar_E
WGS84_35S
Collar_N
WGS84_35S
Collar_Elev
m ASL
Dip Azi
True
Tot_Depth
metres
From
metres
To
metres
Length
metres
Estimated
True Width
metres
Cu% Ag ppm True Width
x Cu%
Sample
Type
Comment
13SSRC012 746496 9078864 1214 -60 073 40 RC NSI
13SSRC013 746492 9078825 1209 -60 073 46 2 10 8 6.8 1.46 9.9 RC
13SSRC014 746498 9078477 1177 -60 073 49 RC NSI
13SSRC015 746471 9078471 1170 -60 073 58 40 45 5 4.3 2.40 10.2 RC
13SSRC016 746496 9078518 1179 -60 073 37 20 22 2 1.7 2.74 4.7 RC
13SSRC017 746477 9078512 1178 -60 073 61 34 49 15 12.8 2.01 3.0 25.6 RC
13SSRC018 746490 9078539 1181 -60 073 40 26 32 6 5.1 3.26 16.6 RC
13SSRC018A 746493 9078540 1181 -60 073 31 RC not assayed
13SSRC018B 746488 9078539 1180 -60 073 28 RC not assayed
13SSRC019 746472 9078534 1178 -60 073 52 34 40 6 5.1 1.75 8.9 RC
13SSRC020 746484 9078597 1184 -60 073 43 32 34 2 1.7 1.26 2.1 RC
13SSRC021 746481 9078639 1187 -60 073 45 RC NSI
13SSRC022 746479 9078678 1191 -60 073 25 RC NSI
13SSRC023 746484 9078678 1191 -60 073 45 12 20 8 6.8 3.30 22.5 RC
13SSRC023 24 28 4 3.4 1.45 10.3 4.9 RC
13SSRC024 746473 9078677 1191 -60 073 31 21 24 3 2.6 1.94 4.9 RC
13SSRC025 746473 9078719 1193 -60 073 46 18 24 6 5.1 2.09 10.7 RC
13SSRC025 33 37 4 3.4 4.28 8.8 14.6 RC
13SSRC026 746471 9078760 1197 -60 073 61 17 31 14 11.9 2.12 25.2 RC
13SSRC026 42 46 4 3.4 1.74 5.9 RC
13SSRC027 746489 9078641 1189 -60 073 23 11 16 5 4.3 2.04 8.7 RC
13SSRC027A 746486 9078640 1188 -60 073 34 RC not assayed
13SSRC028 746476 9078638 1187 -60 073 28 RC NSI
13SSRC029 746472 9078820 1209 -60 073 70 20 26 6 5.1 3.68 4.1 18.8 RC
13SSRC030 746476 9078821 1209 -60 073 61 16 21 5 4.3 4.13 3.2 17.5 RC
13SSRC031 746466 9078818 1208 -60 073 82 25 31 6 5.1 5.20 17.3 26.5 RC
13SSRC031 38 42 4 3.4 2.93 10.0 RC
13SSRC032 746456 9078814 1207 -60 073 91 33 39 6 5.1 2.61 13.3 RC
13SSRC032 62 64 2 1.7 1.46 2.5 RC
13SSRC033 746475 9078850 1214 -60 073 64 19 21 2 1.7 3.14 5.3 RC
13SSRC034 746454 9078852 1208 -60 073 79 59 64 5 4.3 3.64 4.0 15.5 RC
13SSRC035 746474 9078874 1213 -60 073 67 19 21 2 1.7 2.38 4.1 RC
13SSRC036 746470 9078835 1212 -60 073 69 22 27 5 4.4 3.07 13.6 RC
13SSRC037 746459 9078832 1208 -60 073 55 31 36 5 4.5 1.96 8.8 RC
13SSRC038 746499 9078501 1180 -60 073 45 RC NSI
13SSRC039 746499 9078455 1173 -60 073 40 25 26 1 0.9 3.83 3.4 RC
13SSRC040 746479 9078450 1169 -60 073 60 36 40 4 3.6 3.11 11.0 RC
13SSRC041 746493 9078435 1171 -60 073 50 28 33 5 4.4 2.67 11.8 RC
13SSRC042 746481 9078493 1176 -60 073 55 34 37 3 2.6 2.31 6.0 RC
13SSRC043 746473 9078573 1181 -60 073 55 RC NSI
13SSRC044 746486 9078578 1183 -60 073 40 18 21 3 2.7 5.66 15.2 RC
13SSRC045 746470 9078617 1184 -60 073 55 27 29 2 1.8 1.76 3.1 RC
13SSRC046 746489 9078619 1186 -60 073 40 13 15 2 1.8 2.71 4.8 RC
13SSRC047 746489 9078664 1190 -60 073 50 9 18 9 8.1 2.88 23.2 RC
13SSRC048 746471 9078697 1192 -60 073 55 21 25 4 3.5 2.14 7.6 RC
13SSRC049 746489 9078702 1194 -60 073 40 7 24 17 15.3 2.79 42.7 RC
13SSRC050 746482 9078745 1196 -60 073 45 8 24 16 14.5 2.45 35.5 RC
13SSRC051 746458 9078784 1200 -60 073 61 28 37 9 7.9 2.70 21.4 RC
13SSRC052 746475 9078788 1201 -60 073 67 14 21 7 6.2 2.36 14.7 RC

Table 5 notes: Intercepts calculated at 1% Cu cut-off. NSI = no significant intercept. Cu and Ag assays by SGS Dikulushi laboratory using three acid digest (method code A103) and AAS finish. Detection limit for Cu is 0.001%, for Ag 5ppm. Samples assaying less than detection limit are allocated a grade of half detection limit to calculate intercept Ag grades. Certified reference materials are inserted 1:20 in RC samples, 1:30 in diamond core samples. Duplicate split RC samples are inserted 1:20. Hole location coordinates are UTM WGS84 datum Zone 35S. Holes are normally sampled in uniform one metre intervals.

(1) Refer to NI43-101 Technical Report "Kapulo Copper Project, DRC" dated 30 June 2011.

Contact:
Mawson West Limited
Bruce McFadzean
Chief Executive Officer and Managing Director
+61 8 9485 9800
bmcfadzean@mawsonwest.com
Mawson West Limited
Mark Di Silvio
Chief Financial Officer
+61 8 9485 9800
mdisilvio@mawsonwest.com
MAGNUS Investor Relations
Dudley White
+61 2 8999 1010
dwhite@magnus.net.au
Roth Investor Relations Inc.
Michelle Roth
+1 732 792 2200
michelleroth@rothir.com

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