Hawk Resources Advances Approvals for Potential Major Scandium Find at Olympus

Alderan Resources Ltd. ( (AU:HWK) ) has issued an announcement.

Hawk Resources is progressing regulatory and community approvals for its Olympus scandium project in Western Australia, where earlier work has outlined a large 7km by 4km scandium soil anomaly and encouraging drill intercepts that point to the potential for a major new scandium province. The metal is classified as a critical, high-value rare earth element used in advanced lightweight alloys and clean-energy technologies, giving the project strategic importance if commercial resources are confirmed.

The company has scheduled an on-country meeting for 24 April 2026 with Native Title holders and Traditional Owners to seek authorisation for a Native Title Agreement, which would be followed by ministerial consents and a cultural heritage survey to clear its proposed exploration program. Subject to securing these approvals, Hawk plans to begin due diligence soil sampling in the second quarter of 2026, positioning the company to unlock a potentially significant scandium discovery and enhance its standing in the critical minerals sector.

The most recent analyst rating on (AU:HWK) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Alderan Resources Ltd. stock, see the AU:HWK Stock Forecast page.

More about Alderan Resources Ltd.

Hawk Resources Limited is an Australian exploration company focused on developing critical mineral projects, with a current emphasis on scandium at its Olympus project in Western Australia. The company aims to advance large-scale scandium discoveries that can supply high-value markets such as lightweight aluminium alloys, fuel cells and advanced technologies, where secure new scandium sources are scarce.

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Technical Sentiment Signal: Sell

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