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Hawk ResourcesASX:HWK

Copper explorer, with a project stated to be in Utah.

Utah · United States — as stated on the recordings

explorer copper Utah, United States
Nov 2025 → Jan 2026Covered
6 of 10Topics on record
1Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company
Stage
Explorer
Primary commodity
Copper
Jurisdiction
Utah
Deposit
scandium project in Western Australia
Latest appearance
22 Jan 2026
On record
2 interviews · 38 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
historical Cactus mine: 1.3 million tons
Management-stated Scott Caithness Nov 2025
Grade
historically 2% copper with 0.3-0.4 g/t gold and 7 g/t silver; some intersections 40m at 1.9% copper and 6 g/t gold; smaller intersections 5-10m at 3-6% copper
Management-stated Scott Caithness Jan 2026
Money on hand
closed successfully, well over subscribed, filled within the first hour
Stated capital need: 5 million Australian dollars
Management-stated Scott Caithness Jan 2026
What happens next
drilling underway on high-grade copper targets
Management-stated Scott Caithness Jan 2026
The main open question
No caustic external validation exists.
Weighed from the statements below, not our opinion of the company.
Our reading

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Grade 42 meters2% ≠ Different basis One statement qualifies the figure and the other does not (drilling, silver) 7 statements on record
13 Nov 2025
Rio Tinto drilling: 42 meters at 1.9% copper and 6 g per ton gold within larger 70 m intercept at 1.1% copper and 0.3 g per ton gold
“they actually drilled a hole through one of the retrop pipes through cactus retrop pipes. They could they dissected um 42 mters at 1.9 cassette copper and and 6 g per ton gold within a a larger 70 m i…”
22 Jan 2026
historically 2% copper with 0.3-0.4 g/t gold and 7 g/t silver; some intersections 40m at 1.9% copper and 6 g/t gold; smaller intersections 5-10m at 3-6% copper
“at grades of 2% copper and a credit of around about.3 to point4 gold and about 7 g per ton silver...40 m at 1.9% copper and and6 g per per ton gold...somewhere between 5 and 10 mters that will go anyw…”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Hawk Resources's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the Cactus property shows residual copper-gold mineralization significantly exceeding what was mined (1.3 million tons at 2% copper, 1905–1920), with recent drilling hitting 42 m at 1.9% copper and 6 g/t gold.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

Management says the Cactus property shows residual copper-gold mineralization significantly exceeding what was mined (1.3 million tons at 2% copper, 1905–1920), with recent drilling hitting 42 m at 1.9% copper and 6 g/t gold. Five targets identified with twin properties (CZ, Copperopolis) showing identical geophysical signatures and anomalous soils up to 1,000 ppm copper, suggesting district-scale upside. Capital raise of $5 million closed oversubscribed within the hour; permitting in final stages and drilling underway on six previously undrilled targets.

▼ Bear case

No caustic external validation exists.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

No caustic external validation exists. Historical drilling (1960s–2000s) was not systematic or compliant, so grade and tonnage assumptions rest on non-standard data. Grade is lower than past mining; the two mineralization models (breccia pipes vs. intrusive stock) remain untested by modern drilling. The company holds three separate assets (copper in Utah, scandium in Western Australia, lithium in Brazil) with no disclosed capital allocation or development path; early-stage soil sampling and geophysics alone do not define mineral resources.

◆ Watch next

Drilling results on six Cactus targets (Copperopolis chargeability anomaly, CZ, WASP, New Year's prospect, Comet) during 2024–2025 season will test whether soil anomalies and geophysical signatures translate to drillable mineralization at…

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Drilling results on six Cactus targets (Copperopolis chargeability anomaly, CZ, WASP, New Year's prospect, Comet) during 2024–2025 season will test whether soil anomalies and geophysical signatures translate to drillable mineralization at grades matching historical intercepts. Permitting completion and whether a mineral resource estimate on Cactus follows drilling will be critical milestones. Success in one asset may signal capital allocation strategy for the Brazil and Western Australia properties.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 32 statements

The deposit 23

Key takeaway. Hawk Resources describes a multi-commodity project in Western Australia, with management framing it as both a scandium project (Olympus) and as a copper-gold project with historical production.

Read the full summary

According to the company, historical grades averaged about 2% copper with gold and silver credits, with the historical Cactus mine reporting just over 2% copper, about 3.4 g/t gold, and 67 g/t silver from 1.3 million tons. Management points to significant exploration upside, citing geophysical targets such as the Copperopolis chargeability anomaly — which they say occupies hundreds of millions of tons of volume — alongside soil anomalies and historical intercepts including 42 meters at 1.9% copper and 6 g/t gold from Rio Tinto drilling. On the scandium side, they report an 11-meter RAB intercept at about 930 ppm scandium at Olympus and a 4 km by 7 km soil anomaly that remains undrilled by reverse circulation.

What was actually said
deposit type
scandium project in Western Australia
“we've recently picked up a scandium project in Western Australia”
Scott Caithness· 22 Jan 2026·
deposit type
copper gold, historically mined at 2% copper with gold and silver credits
“Cactus was historically uh mined between about 1905 and 1920 um at grades of 2% copper and a credit of around about.3 to point4 gold and about 7 g per ton silver.”
Scott Caithness· 22 Jan 2026·
exploration upside
residual mineralization significantly more than what was mined historically; high grade zones exist; gold potential unknown; geophysical targets for scale
“we know that there's quite a bit of residual mineralization left behind. Um probably significantly more than what was mined”
Scott Caithness· 22 Jan 2026·
Show the other 20 statements
grade
historically 2% copper with 0.3-0.4 g/t gold and 7 g/t silver; some intersections 40m at 1.9% copper and 6 g/t gold; smaller intersections 5-10m at 3-6% copper
“at grades of 2% copper and a credit of around about.3 to point4 gold and about 7 g per ton silver...40 m at 1.9% copper and and6 g per per ton gold...somewhere between 5 and 10 mters that will go anywhere between 6% and 3% copper”
Scott Caithness· 22 Jan 2026·
deposit type
retro hosted mineralization or intrusive related mineralization
“Our target is a smaller um retro hosted mineralization uh or intrusive related mineralization.”
Scott Caithness· 13 Nov 2025·
exploration upside
Olympus Scandium project: 11 m at about 930 parts per million scandium in best RAB hole
“best rabb hole uh 9 uh sorry 11 m at about 930 parts per million scandium.”
Scott Caithness· 13 Nov 2025·
exploration upside
Olympus Scandium: RAB traverses suggesting blanket enriched in scandium approximately 800 m by 800 m on separate targets
“another two rab sections basically cover 800 m in each case and that it's not and those rabbit holes they're on separate targets.”
Scott Caithness· 13 Nov 2025·
exploration upside
Cactus target consists of two targets: extensions to old Cactus mineralization and separate WASP target 200 m northeast with identical geohysical anomalies
“We've got the cactus target which is which is consists of two targets in itself. We've got extensions to cactus the old old mineralization and the old miner cactus and then we've got a separate target which is about 200 mters further to the northeast of cactus which we refer to as wasp”
Scott Caithness· 13 Nov 2025·
exploration upside
New Year's prospect: soils sitting over top go up to 0.3% copper
“we know that the soils sitting over the top of that go up to.3% copper.”
Scott Caithness· 13 Nov 2025·
exploration upside
Cactus old mine area: soils up to 0.9% copper
“we get soils up to.9% copper.”
Scott Caithness· 13 Nov 2025·
exploration upside
five targets identified at Cactus
“we've identified five targets at Cactus um which we're we're about to start drilling.”
Scott Caithness· 13 Nov 2025·
exploration upside
Copperopolis target: chargeability high anomaly with up to 1,000 ppm copper in soils
“we got up to a,000 ppm copper in soils sitting above it”
Scott Caithness· 13 Nov 2025·
exploration upside
CZ target: identical geohysical signature to Cactus with soils up to 300-350 ppm copper (5-6 times district background of 60 ppm)
“we've got the CZ target which is also identical geohysical signature and it's got soils sitting up to about 300 350 ppm uh copper sitting on it. Um now bear in mind the background for copper in the district is around about 60 parts per million copper.”
Scott Caithness· 13 Nov 2025·
exploration upside
Copperopolis target: historical drill hole 1974 off anomaly intersected 30 m of 2% copper
“we've got a hole off to the side that was drilled in 1974 that got the 30 m of 2% copper.”
Scott Caithness· 13 Nov 2025·
exploration upside
Copperopolis chargeability anomaly: geohysical anomaly occupies hundreds of millions of tons of volume
“it we're talking hundreds of millions of tons of volume of geohysical anomalies.”
Scott Caithness· 13 Nov 2025·
exploration upside
Olympus Scandium: 4 km by 7 km highly anomalous soil anomaly with no reverse circulation drilling
“we have a 4 km by 7 km highly anomalous soil anomaly that's got no rev drilling in it whatsoever.”
Scott Caithness· 13 Nov 2025·
grade
Rio Tinto drilling: 42 meters at 1.9% copper and 6 g per ton gold within larger 70 m intercept at 1.1% copper and 0.3 g per ton gold
“they actually drilled a hole through one of the retrop pipes through cactus retrop pipes. They could they dissected um 42 mters at 1.9 cassette copper and and 6 g per ton gold within a a larger 70 m intercept that went 1.1 copper and and.3 gold.”
Scott Caithness· 13 Nov 2025·
grade
historical Cactus mine: just over 2% copper with about 3.4 g per ton gold credit and 67 grams per ton silver
“The old cactus mine itself uh mined about 1.3 million tons at two just over 2% copper with about.3.4 g per ton gold credit and also about 67 grams per ton silver.”
Scott Caithness· 13 Nov 2025·
grade
1960s drilling: 5 meters at 6.7% copper within zone of 20-40 meters at 1-1.5% copper
“there are intersections there that go you 5 mters at 6.7% helper. um sitting within uh generally a zone that will go anywhere between 20 and 40 meters at at around about one to one and a half% copper.”
Scott Caithness· 13 Nov 2025·
grade
approximately 12-13 drill holes with grade greater than 1.4% copper over mean sections greater than 1.4% copper
“There's about there's about 12 13 drill holes uh that have been drilled into it that grade greater than 1.4% copper. That mean section is greater than 1.4% 4% copper”
Scott Caithness· 13 Nov 2025·
grade
Comet deposit 2004: 26 meters at 1.5 g per ton gold from surface
“they actually drilled some drill holes that got up to 26 mters at 1.5 g per ton gold from surface.”
Scott Caithness· 13 Nov 2025·
grade
New Year's prospect: 30 m at 1.3% copper
“we drilled late last year and we got intersections of up to 30 m at at 1.3% copper.”
Scott Caithness· 13 Nov 2025·
resource size
historical Cactus mine: 1.3 million tons
“The old cactus mine itself uh mined about 1.3 million tons at two just over 2% copper”
Scott Caithness· 13 Nov 2025·

Jurisdiction 5

Key takeaway. Management has discussed operations in multiple jurisdictions.

Read the full summary

In January 2026, the company said it is active in Utah, within the United States. Earlier, in November 2025, the company also referenced operations in Australia (Western Australia), the United States (Utah), and Brazil.

What was actually said
country
United States
“We're exploring the copper and gold in the US in Utah.”
Scott Caithness· 22 Jan 2026·
region
Utah
“We're exploring the copper and gold in the US in Utah.”
Scott Caithness· 22 Jan 2026·
country
Australia (Western Australia)
“which is uh the Olympus Scandium project in in Western Australia.”
Scott Caithness· 13 Nov 2025·
Show the other 2 statements
country
Brazil
“We also have the lithium in Brazil.”
Scott Caithness· 13 Nov 2025·
country
United States (Utah)
“our is our copper gold project cactus project in the U in Utah in the US.”
Scott Caithness· 13 Nov 2025·

Technical risk 4

Key takeaway. Management has identified key assumptions underlying their project, including that mineralization sits within brecciated tonalite and breche rock, with two model types considered: breccia pipes and intrusive stock at depth (January 2026).

Read the full summary

The company reports that significantly more mineralization remains in the ground than was historically mined, though at a lower grade (November 2025). On technical risk, the company states that drilling from the 1960s was not systematic or compliant, and that data spans the late 1950s through the 2000s (November 2025). A further assumption is that the Copperopolis chargeability anomaly is interpreted as potential for disseminated type sulfide mineralization (November 2025).

What was actually said
key assumption
mineralization sits within brecciated tonalite and breche rock; two model types: breccia pipes and intrusive stock at depth
“the mineralization uh basically sits within breiated toml and breie rock...They came off an intrusive stock at depth”
Scott Caithness· 22 Jan 2026·
key assumption
significantly more mineralization remains in the ground than was mined in the past; grade is lower than what was mined
“we know that there's significantly more mineralization left in the ground than it was mined in the past. And grade is a little bit lower than what was mined in the past”
Scott Caithness· 13 Nov 2025·
key assumption
Copperopolis chargeability anomaly interpreted as potential for disseminated type sulfide mineralization
“our interpretation is that has potential for um disseminated type sulfide mineralization.”
Scott Caithness· 13 Nov 2025·
Show the other 1 statement
stated risk
1960s drilling was not systematic or compliant; data from late 1950s to 2000s
“that's based on historical drilling that was not was not a drill compliant drilling program or anything. It wasn't a wasn't a systematic drilling program.”
Scott Caithness· 13 Nov 2025·

Economics 2 statements

Financing 2

Key takeaway. Hawk Resources management reported that its financing closed successfully and was "well over subscribed," with the company filling the raise within the first hour of opening in January 2026.

Read the full summary

The capital sought was 5 million Australian dollars, according to management.

What was actually said
capital needed
5 million Australian dollars
“we raised 5 million Australian dollars”
Scott Caithness· 22 Jan 2026·
financing status
closed successfully, well over subscribed, filled within the first hour
“It closed very successfully. We were we were well over subscribed and it and it closed basically within the hour of opening.”
Scott Caithness· 22 Jan 2026·

Timeline 3 statements

Timeline 3

Key takeaway. Hawk Resources management reports that in November 2025 they were in the final stages of getting permitting and that drilling at Cactus was scheduled for December 2025.

Read the full summary

The company also states that drilling is underway on high-grade copper targets as of January 2026.

What was actually said
milestone
drilling underway on high-grade copper targets
“we've got uh six targets that we're drilling um through the district, none of which have been drilled before.”
Scott Caithness· 22 Jan 2026·
milestone
drilling at Cactus in December
“We've we're going to be drilling in cactus with in December.”
Scott Caithness· 13 Nov 2025·
permit timing
final stages of getting permitting
“we're in the sort of final stages of getting permitting and and once we've got that”
Scott Caithness· 13 Nov 2025·

Corporate 1 statement

Market 1

What was actually said
strategic interest
historically farmed out to Rio Tinto for district scale porphyry copper exploration
“we did have it farmed out to Riotinto for a while at at a district scale. They were looking for large porefree copper deposits.”
Scott Caithness· 22 Jan 2026·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
22 Jan 2026 Crux Investor Hawk Resources (ASX:HWK) - High-Grade Copper Drilling Underway With Scandium Upside 11
13 Nov 2025 Crux Investor Hawk Resources (ASX:HWK) - December Drilling Targets Five Prospects in Historic Copper District 27

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

rio tinto 2
brazil lithium projects 1
cactus copper-gold project 1
cactus project 1
copper 1
gold 1
lockheed martin 1
olympus scandium project 1

Questions people ask

What is Hawk Resources's project and where is it?

Hawk Resources is a explorer copper company, with a project stated to be in Utah, United States. Everything here is drawn from its executives' own interviews.

Which interviews mention Hawk Resources?

We track 2 interviews mentioning Hawk Resources, across 1 channel (Crux Investor).

What are investors saying about Hawk Resources?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Hawk Resources cover?

The most-discussed topics on record are the deposit, jurisdiction, technical risk, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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