We barely discussed the Flistjarn project during our phone conversation, except in passing. This may be an area where Mawson may find an Athabasca-style deposit, based upon how the company interprets the vein and unconformity-related mineralization hosted by a block of Paleozoic sediments thrust over Precambrian volcanoes. First explored by the SGU in 1977 as a way to determine if Sweden could be uranium-independent, it was financed by the Swedish Nuclear Fuel Supply Company, SKBF. Mawson released results of grab and channel samples in December 2005.

According to Hudson, some of the samples have run up to 20 percent uranium. “Getting these shipped out of Sweden is a challenge, especially with the high grade ones,” he told us. “We have to wrap them in lots of lead, so a few kilos of rock become 40 kilos of lead-covered boxes.” Nothing has been released on Flistjarn since the values were announced, and the property was not mentioned in the recent NI 43-101 announcement.

Conclusion

Sweden should become an excellent test case for a change in Australia’s Three-Mines policy. Sweden’s September election could officially set back the worldwide anti-nuclear movement and further change attitudes in the European Union. This weekend’s G8 Summit in St. Petersburg may have already spurred emotions for a more favorable climate toward nuclear energy.

Uranium mining, the front end of the nuclear cycle, is sometimes ignored in the greater scheme of the nuclear renaissance. Yet, if a country hopes to become energy independent, it must cultivate its domestic resources. Sweden, again, may become a test case on this point as well. One of the key points, which caught our eye about Mawson Resources, and the primary reason we discussed the company’s prospects at length was its technical team. To be taken seriously, a country’s mining officials want to know the personalities behind the company. As did we.

Unlike many other companies we’ve reviewed, Mawson assembled a proven mining team. At the top is Andrew Browne, who was the Competent Person to sign off on Australia’s Jabiluka uranium project, as well as the team leader for the discovery of the Ranger 68 uranium deposit in Australia’s Northern Territory. He’s not alone on this team who has been credited with an exploration discovery. CEO Michael Hudson discovered the Portia copper-gold project, also having delineated and developed other minerals projects in Australia. Mark Saxon, who will oversee Mawson’s exploration in Sweden, discovered the Browns Tunnel zinc-lead project in Tasmania. David Henstridge, a company director, discovered the Bigrlyi uranium project in Australia’s Northern Territory.

Another feather in the Mawson hat is their financing. The world’s richest man has invested in this Vancouver-based uranium company. No, not Bill Gates. According to a June 30th Reuters news service report, the world’s richest man is now Ingvar Kamprad. Reportedly, Mr. Kamprad is now allegedly worth about $6 billion more than Mr. Gates. Haven’t heard the name before? Kamprad founded the furniture chain Ikea, which has more than 230 stores in 34 countries. According to Hudson, Kamprad took part in the Mawson private placement. Another familiar uranium investor is the money management firm, Sprott Asset Management.

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