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Alderan Resources Ltd. ( (AU:HWK) ) has provided an update.
Hawk Resources Limited, operating in the mining industry, has announced the completion of drill site preparations at its Cactus project in Utah, USA. The company is focused on exploring copper and gold mineralization, with a particular emphasis on the Cactus and Wasp targets, which are high-priority due to their promising geophysical signatures. The company has received permits for three drill sites and expects to commence drilling in January 2026. The Cactus target is an extension of a historical mine, while the Wasp target is a larger anomaly along the same trend. These developments are anticipated to enhance Hawk Resources’ exploration efforts and potentially increase mineralization at the Cactus deposit.
More about Alderan Resources Ltd.
Average Trading Volume: 2,592,805
Technical Sentiment Signal: Sell
Current Market Cap: A$15.21M
See more insights into HWK stock on TipRanks’ Stock Analysis page.