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MHK - METAL HAWK LIMITED.


nipper
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Metal Hawk Limited (MHK) is an Australian company incorporated on 6 December 2018 for the purpose of pursuing various mining opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities.

 

The Company is the holder of one granted exploration licence, one prospecting licence application and one exploration licence application.

 

The Company also entered into four acquisition agreements with unrelated parties to the Company pursuant to which the Company being granted options to acquire a total of three exploration licences, five prospecting licences and two applications for exploration licences in Western Australia from the Vendors.

 

The Tenements are considered by the Company to be prospective principally for gold and nickel sulphide.

 

MHK anticipated that it could list on the ASX during December 2019. it eventually made it to the boards in Nov 2020, raising $5 million at 20c.

 

It traded in the 18c to 30c range for most of the time until today; after coming out of a Trading Halt at 18.5c, on the announcement of a discovery, it ran up to 72c and has closed the day at 67.5c, up 265%

 

MASSIVE NICKEL SULPHIDE DISCOVERY AT BEREHAVEN NICKEL PROJECT

 

• Maiden RC program intersects significant massive sulphide mineralisation at the Commodore Nickel Prospect, 20km from Kalgoorlie

• Greenfields nickel discovery consistent with high grade Kambalda style komatiite hosted massive nickel sulphide deposits

• Downhole electromagnetic survey initiated

• Diamond drilling to follow __

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holding up ... at 70c

 

 Pre existing geological interpretation did not identify presence of ultramafic rocks

 Multiple untested NNW trending target zones over 10km of strike identified for drill testing and surface EM (electromagnetics)

 Airborne magnetics currently being reprocessed and imaged

 Assay results ; early Oct

 Diamond drilling ; from Oct 21

 Follow-up DHEM / Diamond Drilling

 Geophysics: Aeromagnetics and interpretation plus Regional MLTEM (moving loop electromagnetic surveys)

 Extensive regional AC drilling: Q4 2021

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  • 8 months later...

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