Hawk Resources Limited (ASX: “HWK”) is a critical and precious metals explorer with a dual-track growth strategy, focusing on scandium exploration in Western Australia through their Olympus project and copper in the USA, through the Cactus & Meerkat projects. The Company is currently drilling at the Cactus copper project and is completing the necessary processes to survey the highly prospective and potentially scalable scandium project in West Musgrave, WA.
Cactus & Meerkat are located in Tier 1 mining jurisdictions. Utah and Arizona have world class copper and base metal mines — Bingham Canyon, Mission, Copper World, Hermosa. It is supported by excellent infrastructure, with both projects near to roads, power, rail and operating copper mines
Historically, the Cactus Mine delivered 1.3 Mt @ 2.0% Cu, 0.33 g/t Au (1905–1920); Meerkat’s Santo Nino mined grades of 7-8% Cu, 1% Mo (1912-55). The district has significant upside, with multiple targets in 1km Cactus Corridor zone plus Meerkat’s Santo Nino magnetic anomaly & Benton district. Recent Cactus drilling results have highlighted strong copper, 80m @ 0.48% Cu from surface including 19.6m @ 1.25% Cu in hole DD26CT003
Olympus is a large-scale scandium project in WA’s West Musgrave region with granted exploration licences plus executed Native Title Agreement and completed Cultural Heritage Survey with Traditional Owners. The project consists of a large-scale +500 ppm Sc pXRF lag soil anomaly covering ~7 km × 4 km plus near surface RAB drilling intersections confirming potential. It is potentially one of the few scalable scandium projects globally — well placed to benefit from a market with no primary mines and rising demand — aerospace, auto, defence, fuel cells and 5G/6G networks. The company is currently awaiting the final WA Government Ministerial approvals.
