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Alderan Resources Ltd. ( (AU:HWK) ) has provided an update.
Hawk Resources Limited has announced significant progress in its exploration activities, with drilling permits underway for five copper-gold targets in Utah, including the historical Cactus deposit. These targets, characterized by geophysical anomalies and high copper soil content, are set to be drilled in December 2025, potentially uncovering large tonnage high-grade mineralization. Additionally, Hawk has executed an agreement to acquire up to 80% of the Olympus Scandium Project in Western Australia, a move aligning with its strategy to diversify into critical minerals. The Olympus project presents a substantial opportunity due to its large scandium anomaly, offering strategic value amid constrained global supply. The company has also successfully raised $5 million through a share placement to support these initiatives.
More about Alderan Resources Ltd.
Hawk Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper and scandium resources. The company is engaged in identifying high-potential mineral targets and leveraging strategic acquisitions to enhance its portfolio, with a market focus on critical minerals such as scandium, which is used in advanced technologies and alloys.
Average Trading Volume: 2,046,814
Technical Sentiment Signal: Sell
Current Market Cap: A$11.51M
Find detailed analytics on HWK stock on TipRanks’ Stock Analysis page.