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MHK - Metal Hawk

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Metal Hawk Limited 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 has also entered into four acquisition agreements with unrelated parties to the Company pursuant to which the Company has been 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.

It is anticipated that MHK will list on the ASX during December 2019.

https://www.metalhawk.com.au
 
Raised $5million at 20c

.....day one on the bourse... a common pattern of early keenness being clipped


GOLD DRILLING COMMENCES AT EMU LAKE
• Aircore drilling underway at Emu Lake Project
• Drilling to test surface gold anomalies for bedrock-hosted gold

Emu Lake Project is located (some) 75 kilometres from Kalgoorlie and situated along the Gindalbie greenstone belt. There are a number of surface gold anomalies on this trend which Metal Hawk will be drill-testing over the next few weeks.

While the Company is focused on exploring for gold at Emu Lake, the project is also highly prospective for nickel sulphides. Metal Hawk has a Farm-in and Joint Venture Agreement with Western Areas Limited (ASX: WSA) which includes the Emu Lake Project. WSA can earn a joint venture interest in all commodities other than gold and are managing nickel exploration on the project.
 
MHK does an impressive 2.5 bagger today after a massive nickel sulphide discovery at the Berehaven Nickel Project in WA. The right metal at exactly the right time. The share price has rocketed from 18.5c at yesterday's close to 66c today.



The RC drilling campaign was carried out at the Commodore nickel prospect, 5km from the producing B;air Nickel Mine. MHK's
land holding in the area is substantial, so this could be just the beginning of something much, much larger.





MHK is currently in a trading pause pending the release of another announcement.
 
Last edited:
Huge turn over of shares, 38.272 million on issue, current volume 34 million @1:15pm. Might be a few bots buying and selling.
 
Now that high-grade massive nickel sulphides have been confirmed, diamond and additional RC drilling is due to commence in mid-October. Deeper drilling will test the extent of the nickel sulphide mineralisation in addition to investigating the conductive source detected in DHEM and MLTEM surveys.

MHK have a large landholding of over 90 km2 in the area, so there is plenty of scope for further discoveries. Am liking how things are progressing for MHK.

 
If it is of any interest I think that Horizon Minerals (HRZ) has 1.5m shares in MHK and 3m options to be converted to MHK shares if MHK likes what it has at Berehaven. I hold HRZ, could be handy change for them.
 
Country Lad said:
Probably fall again according to the script. In TH for cap raise announcement
Click to expand...

Nope, not according to my script. Cap raise done at a 2.5% discount and shares up 22% today.

Highlights:
• Firm commitments received to raise $2.5 million (before costs) at $0.20 per
share via a placement to existing shareholders.
• This represents a 2.5% discount to the last closing price of $0.205.
• Metal Hawk is now well-funded to advance gold exploration at Leinster
South as it heads towards an extensive maiden drilling program.
 
Country Lad said:
Probably fall again according to the script. In TH for cap raise announcement
Click to expand...
nope. still no menagerie lions out there


.

AGM on 27 Nov and latest announcement:

________________________________________________________________
• Latest batch of assay results from rockchips at the Thylacine Prospect return more high-grade gold, including:
o 24JW113: 42.2g/t Au
o 24DR644: 19.0g/t Au
o 24DR639: 17.2g/t Au
o 24DR808: 16.6g/t Au
o 24DR643: 15.3g/t Au
o 24DR645: 14.1g/t Au
• Initial samples from mineralised quartz veins to the northwest and east of Thylacine extend the prospect area to over 400m x 100m. A total of 15 mineralised veins have been mapped and sampled.
• Follow-up sampling at Tyson’s Prospect returns high grade gold in samples of quartz veining, including:
o 24DR787: 43.6 g/t Au
o 24JW062: 9.3 g/t Au
• Heritage Survey currently scheduled for Q1 2025 with priority RC drilling to focus on the Thylacine and Siberian Tiger prospects.
 
Apologies for not putting my MHK Jan tip on the correct site ....I am still learning how to navigate
 
embryo said:
Apologies for not putting my MHK Jan tip on the correct site ....I am still learning how to navigate
Click to expand...
well, @embryo , you've got this far... just a bit of follow-up,:

"Rule 3. Either before or after posting your entry and before the deadline for entries you must post in the forum thread of the stock you have entered providing either a general update or a view on why you think the share price is going to increase in the short term."

A bit of commentary in this thread ....that's all that's needed now, mate, and @Joe Blow will add your entry (which is up 10 percent today) to the comp.
 
WHK was a tip of some time ago and I preserved with it for a couple of months.
Been a sad holder of this lemon for some time.
I did take some profit many moons ago when it hit the lofty realms of 5odd cents, then foolishly bought back in only to see to fall without a parachute.
Still living in hope that I can reduce the loss to 50% and then get out.
 
farmerge said:
WHK
Click to expand...
Turn that frown upside down.
MHK

I once put my hand up for a crappy job believing that the location was at a beautiful seaside village that started with M.
The boss was dislexic and the location was a totally different inland oven crap hole that started with W.

The rest of the letters were correct.
 
embryo said:
Apologies for not putting my MHK Jan tip on the correct site ....I am still learning how to navigate
Click to expand...

You need to post a few sentences about why you are bullish on MHK. It puts your entry in context. Any reason will do.
 
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