Advancing Metals Exploration and Discovery in the USA and Brazil

New Years NY2024-DDH2 Core Sample

Cactus Open Pit with Copper Mineralisation

Cactus – Malachite Mineralisation

Hawk Resources Limited (ASX: “HWK”) is a critical and precious metals explorer with copper-gold and lithium projects in the USA and Brazil.  The Company’s primary exploration focus is the Cactus copper-gold project in Utah, USA and in Brazil it is advancing seven lithium projects comprising of Governador Valadares, Itambacuri, Itaipe, Carai, Catuji, Minas Novas and Curral de Dentro, in Minas Gerais State, Brazil plus the Salitre lithium project in Bahia state.

In the USA, Hawk’s priority is to evaluate the potential for medium tonnage high grade near surface oxide and breccia hosted sulphide copper-gold deposits at Cactus.  Hawk’s work has identified twelve targets including extensions to the Cactus and Comet historical mines plus the New Years prospect.

Post mining drill hole intersections at Cactus include 4.9m @ 6.7% Cu within 43.6m @ 1.7% Cu from 207.9m downhole, 12.2m @ 3.3% Cu within 22.9m @ 2.1% Cu from 1.5m downhole and 41m @ 1.9% Cu, 0.6g/t Au within 74m @ 1.1% Cu, 0.3g/t Au from 252m downhole. Hawk’s late 2024 drilling at New Years, the first since 1964, intersected near surface copper oxide mineralisation including 8m @ 2.8% Cu within 26m @ 1.3% Cu and 4m @ 1.7% Cu within 30m @ 0.78% Cu.

The Company’s Brazil project portfolio has strong potential for the discovery of lithium deposits.  The Minas Gerais projects are located in the state’s ‘Lithium Valley’ district within Brazil’s Eastern Lithium Belt, which is home to lithium producers and 40 of Brazil’s top 100 mines. Hawk’s initial sampling has identified lithium and rare earth anomalies ranging up to 10 times background grades in the Itambacuri, Carai and Itaipe project areas.

Lithium mines in Lithium Valley include Companhia Brasileire De Litio’s (CBL) Mina do Cachoeira and Sigma Lithium Corporation’s (NASDAQ: SGML; TSX: SGML) Groto do Cirilo.  Companies with announced resources include Atlas Lithium, Latin Resources (ASX: LRS) at Colina and Lithium Ionic (TSX.V: LTH).

The Salitre project in northern Bahia state consists of the Salitre North and Salitre South prospects which have lithium in soil anomalies with assays over 100ppm.  There is a 4km gap in the soil sampling between the two prospects with the anomalies open to the south and north respectively.

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Projects

Hawk’s USA Projects

Hawk’s Lithium Projects in Brazil

The Company’s primary exploration focus is the Cactus copper-gold project in Utah, USA and in Brazil it is advancing seven lithium projects comprising of Governador Valadares, Itambacuri, Itaipe, Carai, Catuji, Minas Novas and Curral de Dentro, in Minas Gerais State, Brazil plus the Salitre lithium project in Bahia state.

In the USA, Hawk’s priority is to evaluate the potential for medium tonnage high grade near surface oxide and breccia hosted sulphide copper-gold deposits at Cactus.  Hawk’s work has identified twelve targets including extensions to the Cactus and Comet historical mines plus the New Years prospect.

The Company’s Brazil project portfolio has strong potential for the discovery of lithium deposits.  The Minas Gerais projects are located in the state’s ‘Lithium Valley’ district within Brazils’ Eastern Lithium Belt, which is home to lithium producers and 40 of Brazil’s top 100 mines. Hawk’s initial sampling has identified lithium and rare earth anomalies ranging up to 10 times background grades in the Itambacuri, Carai and Itaipe project areas.

Lithium mines in Lithium Valley include Companhia Brasileire De Litio’s (CBL) Mina do Cachoeira and Sigma Lithium Corporation’s (NASDAQ: SGML; TSX: SGML) Groto do Cirilo.  Companies with announced resources include Atlas Lithium, Latin Resources (ASX: LRS) at Colina and Lithium Ionic (TSX.V: LTH).

 The Salitre project in northern Bahia state consists of the Salitre North and Salitre South prospects which have lithium in soil anomalies with assays over 100ppm Li.  There is a 4km gap in the soil sampling between the two prospects with the anomalies open to the south and north respectively.

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