Latest Hawk Resources (ASX:HWK) News

Small explorers led the ASX week, with Lachlan Star, EcoGraf and Basin Energy recording the biggest gains on new drilling, offtake and exploration news.
Takeovers, capital raisings and strong company results also drew attention, although several large stocks fell despite reporting better earnings.

Small-cap materials shares produced some of the market’s biggest moves, led by a dramatic rise in Accent Resources and strong gains in gold and critical metals explorers.
Investors also weighed new project funding, drilling results, acquisitions and several steep falls after opening price gaps.

Hawk Resources has intersected strong near surface copper mineralisation with spot pXRF assays reaching 66.6% copper in the Comet zone of the Cactus Corridor, Utah. The drilling also reveals promising gold indicators through associated silver, arsenic and antimony anomalies.

Hawk Resources has launched an options offer following a $3 million placement, aiming to fund exploration at its scandium and copper projects in Australia and the US.

Hawk Resources has confirmed significant near surface copper, silver, and molybdenum mineralisation in drill hole DD26CT004 at its Cactus project in Utah, extending the known mineralised zone southeast along the Cactus Corridor. Drilling is set to resume in July 2026 to test further extensions.

Hawk Resources has secured $1.11 million through a rights issue to fund its critical minerals projects across Western Australia and the US, with directors backing the raise in full.

Hawk Resources Limited has had its HWKOB securities suspended from trading pending compliance with ASX Listing Rule 2.5, affecting only this class of securities.

Hawk Resources has pushed the boundaries of its Cactus Corridor copper-gold project in Utah with new assay results from drill hole DD26CT005, revealing extended near surface mineralisation and high-grade copper zones. The findings suggest the mineralised trend remains open and drilling is set to resume in July 2026.

Exploration wins and funding deals kept the materials sector busy, but price action was uneven. Big winners came from fresh drill results and new targets, while several stocks gave back early gains after trading resumed.

Lab assays from Hawk Resources’ drill hole DD26CT003 reveal substantial near surface copper mineralisation in Utah, with high-grade zones and a broad mineralised envelope. Drilling is set to resume in Q3 2026 to further define the corridor’s potential.

Hawk Resources has dispatched materials for a $1.97 million non-renounceable entitlement offer priced at 3 cents per share, offering shareholders free options and a chance to apply for shortfall shares.

Hawk Resources is raising up to $5.87 million through a placement and entitlement offer to fund drilling and soil sampling at its US copper and WA scandium projects. The raise includes a non-renounceable entitlement offer and options issuance, with dilution risks for non-participating shareholders.