ASX Announcement by Hawk Resources Electromagnetic Geophysics Confirms CactusCopper Targets, Utah, USA

Hawk Resources Limited (ASX: HWK) (Hawk or the Company) is pleased to announce that the modelling and interpretation of an electromagnetic (TEM) survey in the Cactus project area has identified conductivity anomalies which have the potential to extend existing and represent new zones of copper mineralisation. TEM data was collected over three separate grids covering magnetic and induced polarisation (IP) geophysical anomalies plus copper soil anomalies1. Targets included the historical Cactus and Comet copper-gold deposits. Cactus reportedly mined copper and gold grading 2.07% and 0.3g/t respectively. Eight additional magnetic and three IP anomalies in the area remain to be covered by EM. The Company will now complete the Cactus soil sampling programme which was suspended in December 2024 due to the onset of winter. This sampling will close off already identified copper anomalies and delineate the extent of gold mineralisation at the Comet deposit where +1.0g/t gold grades occur in past surface rock samples and drill holes.