Hawk Resources Signs Olympus Scandium Exploration Agreement with Western Australian Aboriginal Groups

en.Wedoany.com Reported - Hawk Resources Ltd has formally entered into a mineral exploration agreement with the Ngadju Native Title Holders and Aboriginal landowners for the Olympus Scandium Project in Western Australia, clearing a key hurdle for the company to advance on-site operations in the region.

The agreement was negotiated within three months, with an on-site meeting on April 24 facilitating the finalisation. Hawk Resources Managing Director Scott Caithness stated: "Securing the Olympus exploration agreement in just three months is a major milestone. We introduced the company and the exploration program to the Traditional Owners on site and received positive feedback. More importantly, through the meeting, the team gained preliminary knowledge of access routes to the tenement area and the logistics required to conduct operations. The company is about to commence field work at Olympus, an area with the potential to become a significant scandium province."

The agreement covers the entire Olympus project area, including exploration licences E69/3987 and E69/3988, located in the West Musgrave region and spanning approximately 309 square kilometres. Hawk Resources has now commenced applying for approvals from the Western Australian Minister for Aboriginal Affairs and the Minister for Mines and Petroleum, while simultaneously preparing for a cultural heritage survey to ensure exploration activities are compliant. Subject to successful approvals, field work is expected to commence in June 2026.

Within the Olympus tenement, a 7 km by 4 km soil scandium anomaly has been identified, with grades exceeding 500 ppm based on historical portable XRF data prior to the JORC 2012 code. Earlier RAB drilling returned an intercept of 11 metres at 934 ppm scandium, with a peak single-metre sample grading up to 2,164 ppm scandium. The company cautions that portable XRF data is indicative only and requires confirmation through laboratory testing.

Currently, Hawk Resources will focus on completing ministerial approvals, the cultural heritage survey, and confirmatory soil sampling over the Olympus scandium anomaly area. If sampling confirms the historical data, detailed soil surveys will follow to define drill targets, with subsequent drilling to follow. The project benefits from relatively convenient access, with a vehicle track running south from the Great Central Road through the tenement area.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com