Metal Hawk's Quarterly Report for the period ending 31 March 2024

Metal Hawk Limited (ASX: $MHK) is pleased to report its quarterly activities for the period ending 31 March 2024. The company's cash position at the end of the quarter was $2.78 million. Metal Hawk acquired new tenement applications at the Yarmany project, increasing its total landholding to 317km2. The company's planned activities for the June quarter of 2024 include pegmatite mapping, geochemical sampling at Yarmany, heritage clearance surveys, and gold exploration targeting and drillhole planning at Berehaven.

Executive Commentary on Yarmany and Berehaven Projects

The regional aircore drilling campaign at Yarmany has yielded promising results, particularly in the identification of new regional lithium-caesium-tantalum (LCT) pegmatite targets. The highest LCT assay results to date were received at the Sidetrack prospect, indicating significant potential for lithium. Additionally, encouraging nickel and gold results from the drilling campaign warrant further exploration work. We are also reviewing the gold potential at the Yarmany Project and believe there is an excellent opportunity for new gold discoveries. At the Berehaven Project, we have discovered nickel sulphide and high-grade gold at the Commodore prospect, and we are working towards refining gold targets and new drill target generation based on a detailed ground gravity survey completed during the March quarter.

Summary of Metal Hawk's Quarterly Report

Metal Hawk's quarterly report highlights the completion of a regional aircore drilling campaign at the Yarmany Project, yielding promising results for lithium, nickel, and gold mineralisation. The company's cash position at the end of the quarter was $2.78 million, and it acquired new tenement applications at the Yarmany project, expanding its total landholding. The planned activities for the June quarter of 2024 include pegmatite mapping, geochemical sampling at Yarmany, heritage clearance surveys, and gold exploration targeting and drillhole planning at Berehaven. Metal Hawk is optimistic about the potential for new gold discoveries at both the Yarmany and Berehaven projects and is committed to further exploration and drilling to capitalize on these opportunities.