u/Fat-Black-Cat-

Make sure to get yourself tested HWKs

Stay safe out there

HWK

Something fast.
I don't want any slow and steady rubbish.
Preferably the least effort for the maximum return.
Must be as low risk as possible.
Must be legal and not ruin future employment prospects.
Thanks in advance

HWK:  

MC 16.86m 

SP 2.7c 

 

Hawks Resources hosts a Scandium anomaly based entirely on pXRF results collected in 2006 – 2009 

While DDing I managed to find the exact model of pXRF that was used in the Olympus exploration and it lends some clues as to the accuracy of the results 

 

The exact pXRF used was a Niton XLt 500. The XLt 500 is an old model with limited capabilities of detecting scandium at low concentration levels but is able to detect at ranges in the hundreds of ppm levels. It also suffers from overlapping signals from iron that may skew results and give inaccurate readings. However, this does not mean that the scandium does not exist. The model of pXRF used may be inaccurate in detecting Scandium BUT, when it detects in the high hundreds of ppm like we have at Olympus then the signal is almost certainly not a false positive 

At the levels detected at Olympus of 600ppm + it can be safely assumed that it is detecting a real scandium result. The results are more than likely being skewed in one direction or the other, but the key here is to establish whether the scandium signal is real or not 

The soil is certainly iron rich but the anomaly being contained to a particular area lends credibility to the readings detecting scandium and not a false positive from iron as iron would be picked up across the whole tenement 

The levels detected of up to 2000ppm in some of the drill holes is interesting as there are sections of high ppm and then low – zero ppm. Then there are holes right next to the high-grade ones that detect nothing. 

This also lends credibility that it is detecting a real Scandium result and not just iron and other elements being reported as such 

So how accurate could they be? 

A safe scenario to avoid disappointment would be to expect up to 50% reduction on lab assays vs the pXRF grades. This will account for poor XRF calibration, poor sample preparation, and exaggerated readings from other elements. I will link the drill result images so you can re calculate the expected grades 

Even at a 50% reduction Olympus is a multi-bagger opportunity  

Sc Rab drill results

Sc Rab drill results

Sc Rab drill results

Sc Rab drill results

Next, we have a new substantial holder 

SG Hiscock & Company multi-award-winning boutique fund manager became a substantial holder on 10/06/2026 

They bought 1 million dollars' worth of shares 31,950,00 shares for 5.12% of the company 

Why this is significant is that at this stage of the HWKs exploration a reputable institution has taken a large stake in the company weeks before the make or break Scandium conformation results will be collected 

This is a huge vote of confidence in the company's project from the smart money in the know and extremely bullish that they would take a stake before exploration has begun and not waiting until after the results are confirmed 

Highly Regarded

TLDR chart analysis tells you everything you need to know to see where we could be going soon. As you can see the big green arrow is pointing towards the moon and the rocket ship is launching in the direction of the arrow

Bullish setup

HWK moon

HWK

HWK

Hawk Resources ASX: HWK
Market cap $15.2m

SOI 624.4m with 100m more coming from recent capital raise

227,660,823 options on issue strike price of 5c
97,776,841 options on issue strike price of 7c

Current share price of 3c

Cash on hand 2.2m at end of last quarter + 5.8m from May 2026 CR

Main Catalyst project
Olympus Scandium anomaly

HWK 2025 Oct - Binding agreement option to earn up to 80% of the Olympus Scandium Project in the West Musgrave region, Western Australia.

Olympus has potential to be a major new scandium province, hosts a large 7 km x 4 km scandium in soil anomaly (+500 ppm Sc) defined by historical pXRF analyses with select RAB intercepts up to 11 m @ 934 ppm including Sc from surface 1m RAB samples to 2,164 ppm Sc

RAB drill intercepts defining the Sc Anomaly

Previously explored by Redstone Resources for copper, nickel, cobalt, platinum group elements (PGE) and gold between 2001-2009

Scandium was recorded in the initial exploration results from hand held pXRF in soil samples and in RAB hole drilling. The above visual plots the RAB hole drill holes with the Scandium anomaly. Sc was not of value at the time of exploration and the PGE project was dropped

HWK has re analyzed the data and discovered anomalous Scandium in the data covering a 7 km x 4 km zone in the tenement with exceptional grades up to 2000ppm. pXRF is not the most accurate analysis hence the risk and the gamble/ pay off

What lends credibility to the results is the fact that there is a distinct area that returns scandium intercepts while zero detection in the surrounding areas

This supports the results as true and not over reporting background Sc or miss calibration as it would be expected to see anomalous Sc result everywhere if that were the case

The same is true for the RAB drill intercepts, within the same hole there is high grade Sc detected in between zero detection. This alludes to the same conclusion that it is not merely poor calibration or background Sc detection being overstated

RAB drill intercepts pXRF

RAB drill intercepts pXRF

RAB drill intercepts pXRF

RAB drill intercepts pXRF

The scandium anomalous zone occurs within and marginal to an interpreted mafic/ultramafic intrusive body evident from magnetics. Yes The West Musgrave region is highly renowned for its extensive mafic-ultramafic intrusive systems

Scandium is typically hosted in mafic and ultramafic igneous rocks, alkaline rocks, carbonatites, and their weathered residual soils (laterites)

HWK recently gained access to the project via native title agreement and is waiting for cultural Heritage Survey and Ministerial consents before soil sample will be taken to validate the Sc anomaly and the exploration program will begin

Everyone knows about SRL and their scandium discovery and how it has propelled them 30x or more over a year. SRL did all the leg work proving that there is a real market for a scandium discovery and its economically viable to build a mine around it. If the Olympus scandium results prove to be true then it could be 50x the size of SRLs discovery

The only thing holding the project back is the skepticism about the accuracy of pXRF results, which is the main risk factor in the whole project. If these results are confirmed with lab assayed soil samples then it could be a new scandium province discovery. These results are expected in the coming months

Now scandium is on everyone's radar a new big discovery could re rate very quickly

Personal interest disclosure of owning 700k HWK shares

Not financial advice
Do your own research