Has anyone tried looking for cheap groceries near their local supermarkets? I recently found bags of bread and lettuce so I dont have to do any grocery shopping for the whole month off one dive and its all FREE! I am thinking about doing it in wealthier suburbs because I'll probably find gourmet food thrown away.
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
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
Hi all,
My name is Grace Lagan - I am a journalist with the Australian Financial Review, covering markets from our Sydney newsroom. I am working on a story about how the CGT changes announced as part of yesterday's Federal Budget are impacting retail investors' demand for ETFs and shares.
To that end: if you are a millenial or Gen-Z retail investor with (ASX-listed) shares or ETF investments and would be keen to speak about what you think about the changes, and how they might impact you, please get in touch with me at grace.lagan@afr.com or my DMs here.
Ideally we would be able to get a photograph of you taken before the end of the week too, so please don't be too camera shy!
