Australia

Australian Projects

Olympus Scandium Project location in the West Musgrave region, WA

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Olympus Scandium Project – Western Australia

Newly-Acquired Early-Stage Entry into a Strategic Critical Mineral

Olympus is a large-scale scandium project in WA’s West Musgrave region with granted exploration licences and Native Title Agreement negotiations in progress
Large-scale pXRF soil/lag anomaly spanning a surface area of ~7 km × 4 km with grades exceeding 500 ppm Sc with shallow RAB drilling intersections confirming potential
One of the few potentially scalable scandium projects globally – well placed to benefit from a market with no primary mines and rising demand from aerospace, EVs and 5G/6G networks
Option secures early-stage entry into a strategic critical mineral project with potential for rapid value uplift

Olympus Scandium Project: Scale & Grade Potential

Large Anomaly With High-Grade Scandium Hits

Large footprint: Coherent +500ppm Sc signature over ~7 km × 4 km surface area with multiple +1,000 ppm Sc zones and supportive shallow RAB
Anomalism is supported by shallow RAB drilling results, including a standout intersections of 11m @ 934ppm Sc, 5m @ 948ppm Sc, 7m @ 700ppm Sc
Undervalued dataset: Historical programs did not target scandium; Hawk can re-run the data the right way with modern QA/QC and targeted verification
Drill sections suggest that the Sc mineralised zone is approximately 800m wide and ranges from 5-11m in thickness with the limited RAB drilling carried out on three 1.6km spaced north-south lines plus an additional line approximately 4.5km to the west
Benchmark scandium project – Sunrise Energy Metals (ASX: SRL) Syeston project in NSW

Olympus Scandium Anomaly: Redstone Resources (2007–08) mapped a magnetic gabbroic complex with soil geochemistry and RAB drilling, outlining a 7×4 km scandium anomaly

Olympus: 800m Zones of Anomalous Sc in RAB Sections

800m wide zones (open) of anomalous Sc in RAB traverses on lines 4.4km apart

Traverse A-B on margin of scandium soil anomaly and has pXRF sample assays up to 2037ppm Sc over 1m intervals and intersections of up to 5m @ 948ppm Sc from surface
Traverse E-F passes through a spot +700ppm Sc soil anomaly and has pXRF sample assays up to 1,613ppm Sc over a 2m interval within an intersection of 11m @ 934ppm Sc from surface