Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Alderan Resources Ltd. ( (AU:HWK) ) just unveiled an announcement.
Hawk Resources has commenced drilling at its Cactus copper-gold project in Utah, starting on the Cactus target, a 600-metre geophysical anomaly extension associated with the historic high-grade Cactus mine, with the Wasp target, a larger nearby anomaly, to be drilled next. The company has also secured permits for all remaining planned drill sites across the Cactus project, including Copperopolis, CZ-1, New Years West and N-1, positioning it to systematically test six Cactus-style and larger intrusive targets that could materially expand mineralisation in the district, with initial assay results expected from March 2026.
The most recent analyst rating on (AU:HWK) stock is a Hold with a A$0.05 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 ASX-listed mineral exploration company focused on copper-gold projects, with a key asset being the historic Cactus mine area in Utah, USA. The company targets breccia pipe and intrusive-style copper-gold mineralisation, using integrated geological, geophysical, and geochemical modelling to identify and prioritise drill targets with potential for significant resource additions.
Average Trading Volume: 4,645,177
Technical Sentiment Signal: Hold
Current Market Cap: A$27.79M
For a thorough assessment of HWK stock, go to TipRanks’ Stock Analysis page.