USA Projects

USA project locations: Cactus (Utah) and Meerkat (Arizona) copper projects

Historic Production & District Scale Potential

Tier 1 mining jurisdictions: Utah and Arizona have world class copper and base metal mines – Bingham Canyon, Mission, Copper World, Hermosa
Excellent infrastructure: Projects near to road, power, rail and operating copper mines
Historic production: 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)
Geology: Intrusive and breccia-hosted Cu–Au and Cu-Mo systems
District upside: multiple targets in 1km Cactus Corridor zone plus Meerkat’s Santo Nino magnetic anomaly & Benton district
Strong copper in current Cactus drilling: 80m @ 0.48% Cu from surface including 19.6m @ 1.25% Cu in hole DD26CT003

Thick Zones of Near Surface Copper in Hawk’s Initial Cactus Corridor Drill Holes

80m @ 0.48% Cu from surface includes 6m @ 1.25% Cu (DD26CT003)
9m @ 0.36% Cu from 18m depth includes 10.4m @ 0.97% Cu (DD26CT004)
7m @ 0.45% Cu from 14m depth includes 4.3m @ 2.2% Cu and 5.8m @ 1.4% Cu (DD26CT005)
35-50m estimated true thickness of mineralised zone – thicker than past interpretations
Molybdenum rich intercepts down holes of 30-46m grading 0.016-0.03% Mo

Results verify historical drill holes and confirm potential for a wide zone of near surface mineralisation in the 1km long Cactus Corridor

Comet-Cactus-New Years high grade drill intersections

DD26CT003

Intersected 80m @ 0.48% Cu from surface which includes 5m @ 1.25% Cu from a depth of 44m
56% Cu maximum sample assay over 1.52m
53m potential true thickness of copper mineralised zone
Intersected 1m @ 0.03% Mo from 26m below surface

DD26CT003 drill core

DD26CT008

DD26CT008 drill core — spot pXRF assays up to 30.1% Cu

Cactus Corridor Drilling Recommenced in July 2026

Primary objective is to delineate copper, gold and silver mineralisation within 50m of surface along the corridor
Ten 50m spaced drill holes planned over 550m between the historical Cactus and Comet mines
Spot pXRF assays up to 66% Cu (DD26CT010) with visible copper mineralisation intersected in 5 of 7 holes to date

Results to indicate potential for open pittable mineralisation in the Cactus Corridor

Cactus Corridor drill hole plan

Located in world class copper belt: Hosts major copper and base metal deposits – Mission, Copper World and Hermosa in southern Arizona plus Cananea, Milpillas and La Caridad in northern Mexico
High grade historic production: Santo Nino deposit in northwest mined grades of 7.0-8.0% Cu, 1% Mo (1912–1955)
Geology: Lies within the highly mineralised Laramide Magmatic Arc which extends from northern Mexico through the USA to Canada
District upside: Classic porphyry-type magnetic anomaly from recent drone survey in northwest plus geochemical targets around the historical Benton & Line Boy mines in southeast

Meerkat project location within the regional porphyry copper belt

In the northwest: A ‘classic’ 1km diameter porphyry copper type magnetic anomaly
Historic Santo Nino Cu-Mo mine (1912-55) which mined 7-8% copper & 1% molybdenum grades from a ‘felsic dyke’
No post-mining exploration records for Santo Nino
In the southeast, past exploration focused on copper mineralised breccia bodies near the historical Benton and Line Boy mines
Shallow historical drill intersections include:
- 9m @ 0.35% Cu Eq from 71.3m down hole (R-30)
- 0m @ 0.47% Cu Eq from 26.1m down hole (R-33)
- 2m @ 0.91% Cu Eq from 127.9m down hole (R-33)

Meerkat magnetic anomaly map (RTP image)

Copper in intrusive at Cell Tower