About
Hawk Resources Limited (ASX: HWK; previously Alderan Resources, ASX: ‘AL8’) listed on the Australian Securities Exchange in June 2017, with a focus on copper and gold exploration in the USA. Our Board and executive team have decades of mineral exploration experience including multi-commodity discoveries in both junior and major resource companies around the world.
Hawk’s objective is to rapidly discover, delineate and develop critical and precious metal deposits for mining. The Company’s portfolio consists of one copper-gold project and a further gold exploration project, both in Utah, USA. These are held either directly or through option agreements via Hawk’s USA subsidiaries. Following the acquisition of lithium projects in Brazil in late 2023 and mid 2024, the Company holds seven fully owned lithium projects in Minas Gerais state plus an additional lithium project in Bahia state.
The Cactus project near Milford in southern Utah, USA has been explored by a number of companies following the end of mining in 1920. Most recently Kennecott Exploration (‘KEX’; a Rio Tinto group company) explored the district for large scale porphyry copper deposits under an option agreement with Hawk Resources from late 2019 until mid-2023. KEX’s drilling at the historical Cactus mine intersected 41m grading 1.9% Cu, 0.6g/t Au (SAWM0001) within 72m grading 1.1% Cu, 0.3g/t Au. This hole is consistent with historical holes with high grade copper intersections including 4.9m @ 6.7% Cu within 43.6m @ 1.7% Cu from 207.9m downhole (DDH8; no Au assays) and 12.2m @ 3.31% Cu within 22.9m @ 2.06% Cu from 1.5m downhole (R14; no Au assays).
The mineralisation at Cactus and the neighbouring gold rich Comet deposit remains open at depth with potential for additional lenses. Hawk re-processing of a UAV (drone) magnetic survey carried out by KEX suggests that there are a number of Cactus type targets within the project area.
Hawk Resources drilling at the Detroit gold project near the town of Delta in Utah has confirmed oxide and primary gold at the Mizpah prospect with all twenty holes in a 2022 drilling programme intersecting mineralisation. There are two additional untested gold in soil anomalies along a 4km strike of prospective host rocks. It also has the untested ‘chargeability stem’ IP anomaly within the Basin Main intrusive complex.
Initial stream sampling of Hawk’s seven lithium projects in Minas Gerais, Brazil has identified lithium and rare earth element anomalies in the Itambacuri, Carai and Itaipe project areas. Metal correlations suggest that the anomalies are associated with lithium-caesium-tantalum (LCT) granites which have the potential to host lithium bearing pegmatites. The Salitre lithium prospect in northern Bahia state consists of the Salitre North and Salitre South prospects which both have +100ppm lithium in soil anomalies. The anomalies are open to the south and north respectively have the potential to extend through the 4km gap in the sampling between the two prospects.
Hawk also has an ongoing programme of identifying, reviewing and securing new opportunities to upgrade our pipeline of projects.