InvestSMART

Hawk Resources Limited (ASX:HWK)

ALERT: Price-sensitive ASX Announcement for HWK
Current share price for HWK : $0.029 0.002 (7.41%)+
Announcement
Release
30 Jul 2026 4:33PM
Price at Release
$0.027
Full Release
download
Summary
Hawk Resources Limited reported its activities for the quarter ending 30 June 2026. Significant progress was made at the Olympus scandium project, where an Agreement for Mineral Exploration was executed with the Ngaanyatjarra Council and Traditional Owners. The company advanced its Cactus copper-gold project in Utah, USA, confirming strong near-surface mineralization with notable drill intersections. Additionally, successful capital raising of $4.97 million via placement and entitlement offer was completed to fund ongoing exploration. The Appendix 5B Cash Flow Report disclosed a net cash used in operating and investing activities totaling $1.671 million, with $3.907 million net cash from financing activities.
Key Points
  • Executed Agreement for Mineral Exploration at Olympus project with Ngaanyatjarra Council.
  • Confirmed strong copper-gold mineralization at Cactus project in Utah.
  • Raised $4.97 million for exploration projects.
  • Net cash used in operations and investing was $1.671 million.
  • Net cash from financing activities was $3.907 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.