# HWK: 2026 Annual Report to Shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145628

Publisher: asx

Original announcement: 2026-09-29T09:24:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-29T13:29:33.688Z

Atlas analysis updated: 2026-09-29T13:29:33.688Z

- Company: Hawk Resources Limited

- Ticker: HWK

- Exchange: ASX

- Region: Utah, USA

- Primary commodity: Copper

- Secondary commodities: Gold, Silver, Molybdenum, Scandium, Lithium, Rare earth elements

- Document categories: Drill results, Agreement transaction

- Extracted: 2026-09-29 13:29:34 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Hawk Resources Limited's annual report highlights positive drill results from its Cactus copper-gold project in Utah, USA, with significant near-surface copper-gold-silver-molybdenum mineralization intersected in three diamond holes. The company also expanded its portfolio by securing options to acquire the Meerkat copper project in Arizona, USA, and the Olympus scandium project in Western Australia, with the latter option now exercised post year-end. Exploration efforts are ongoing across its critical and precious metal projects in the USA, Australia, and Brazil.

Reasoning: The new drill results from the Cactus project demonstrate significant near-surface copper-gold mineralization, including high-grade intervals, and DD26CT003 provides an indication of true width, which is positive. The company also successfully expanded its project pipeline with options for the Meerkat copper project and the Olympus scandium project, the latter now exercised, indicating active growth. However, the lack of explicit QA/QC disclosure for the new results and the reliance on historical, non-JORC compliant data for the acquired projects introduce some uncertainty.

- Positive factor: New drill results from the Cactus project show wide, near-surface copper-gold-silver-molybdenum mineralization, including high-grade intervals.

- Positive factor: Drill hole DD26CT003 was oriented perpendicular to the interpreted strike, providing an indication of true thickness for the mineralized zone.

- Positive factor: The company expanded its project portfolio by securing options for the Meerkat copper project and the Olympus scandium project, with the latter option now exercised.

- Positive factor: Successful negotiation of approvals for the Olympus scandium project allows exploration to commence.

- Negative factor: No significant mineralization was intersected in some of the Cactus project targets \(Cactus, Wasp, and Copperopolis holes\).

- Negative factor: There is no explicit disclosure of QA/QC procedures, certified laboratories, or Qualified Person sign-off for the new drill results.

- Negative factor: Historical drill results for the Meerkat and Olympus projects are pre-JORC 2012 or based on pXRF analyses, requiring verification and limiting their reliability.

- Negative factor: Some drill hole parameters \(e.g., hole depth, azimuth, dip for DD26CT005\) are not fully disclosed for new intercepts.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 61

## Classification and evidence

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The reported drill intercepts for DD26CT003, DD26CT004, and DD26CT005 are given as downhole lengths, and no true width values are explicitly stated.

Evidence · text

> 80.0m @ 0.48% Cu from surface

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Hole DD26CT005 was drilled to extend the mineralized zone to the north-west.

Evidence · text

> Hole DD26CT005, again drilled from the same pad as DD26CT003, was aimed at extending the mineralised zone to the north-west.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Hawk carried out infill soil sampling and DD26CT004 confirms the near-surface mineralized zone extends south-east, indicating infill-style drilling.

Evidence · text

> Hawk carried out infill soil sampling along the Cactus Corridor zone... The hole confirms that the near-surface mineralised zone extends south-east from DD26CT003

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The document does not disclose QA/QC procedures, certified laboratories, or Competent/Qualified Person sign-off for the new drill results.

Evidence · text

> The three diamond holes, DD26CT003-005, which were drilled in a horizontal fan from the same drill site all intersected coarse, visible chalcopyrite mineralisation with laboratory assays confirming wide down hole intervals of near-surface copper-gold-silver-molybdenum mineralisation

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The document reports historical drill results for the Cactus, Meerkat, and Olympus projects, some explicitly noted as 'pre-JORC 2012' or from '2004'/'2024' in a 2026 report.

Evidence · text

> Historical \(pre-JORC 2012\) Bear Creek drill hole intersections reported in open file data by the Arizona Department of Mines & Minerals

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: Historical copper equivalent grades for the Meerkat project are reported without disclosing the underlying price, recovery, or payability assumptions.

Evidence · text

> 48.0m @ 0.47% Cu Eq from 26.1m down hole

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Meerkat project's value proposition is linked to its location in the Laramide Arc, which contains multiple world-class copper mines, and the Olympus project is presented with potential for a 'major new scandium province'.

Evidence · text

> Meerkat lies in the Laramide Arc, which contains multiple world class copper mines in southern Arizona and northern Mexico

## Extracted facts

Stored fact records: 61. Some facts used in scoring do not have a stored record.

## Drill Results (61)

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-0)

Cactus North · copper

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.48
- Grade Unit: %
- Intercept: 80 m
- From: 0 m
- To: 80 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:0-80
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This wide, near-surface copper intercept is positive for the project, and the perpendicular drill orientation is a good practice for understanding true thickness, though the value itself is not given.

- Positive factor: Wide intercept of copper mineralization from surface.

- Positive factor: Drill hole oriented perpendicular to strike, indicating true thickness.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 80.0m @ 0.48% Cu from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-1)

Cactus North · copper

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.25
- Grade Unit: %
- Intercept: 19.6 m
- From: 60.5 m
- To: 80.1 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:60.5-80.1
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This included interval shows a significant increase in copper grade, enhancing the overall prospectivity of the broader intercept.

- Positive factor: Higher-grade copper intercept within a broader mineralized zone.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 19.6m @ 1.25% Cu from 60.5m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-2)

Cactus North · copper

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.6
- Grade Unit: %
- Intercept: 14.2 m
- From: 60.5 m
- To: 74.7 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:60.5-74.7
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This sub-interval demonstrates strong copper grades within the broader mineralized zone, indicating potential for higher-grade domains.

- Positive factor: High-grade copper sub-interval, further enhancing the overall intercept quality.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 14.2m @ 1.60% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-3)

Cactus North · copper

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 3.97
- Grade Unit: %
- Intercept: 4.9 m
- From: 74.7 m
- To: 79.6 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:74.7-79.6
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade copper interval is a very positive indicator for the project's potential, suggesting localized bonanza grades.

- Positive factor: Very high-grade copper sub-interval, indicating a bonanza-grade zone.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 4.9m @ 3.97% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-4)

Cactus North · molybdenum

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: molybdenum
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 46.1 m
- From: 35.7 m
- To: 81.8 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:35.7-81.8
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of anomalous molybdenum over a wide interval adds potential byproduct value to the copper-gold mineralization.

- Positive factor: Significant molybdenum mineralization as a potential byproduct.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 0.03% over 46.1m from 35.7m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-5)

Cactus North · copper

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 5.57
- Grade Unit: %
- Intercept: 0.4 m
- From: 0 m
- To: 0.4 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:0-0.4
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This very high-grade copper sample, even over a narrow width, is a strong positive indicator of bonanza-grade mineralization within the system.

- Positive factor: Extremely high-grade copper in a narrow interval, indicating bonanza grades.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this highest-grade sample.

Evidence · text

> 0.4m @ 5.57% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-6)

Cactus North · gold

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.21
- Grade Unit: g/t
- Intercept: 0.4 m
- From: 0 m
- To: 0.4 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT003:0-0.4
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of high-grade gold alongside very high-grade copper in this narrow interval highlights the polymetallic nature and bonanza potential of the mineralization.

- Positive factor: High-grade gold in a narrow interval, indicating bonanza grades.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this highest-grade sample.

Evidence · text

> 1.21g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT003

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-7)

Cactus North · silver

#### Identity

- Hole ID: DD26CT003
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 41.4
- Grade Unit: ppm
- From: 0 m
- Hole Depth: 90.68 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Azimuth: 222 °
- Dip: -48 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of anomalous silver further enhances the polymetallic nature of the mineralization, contributing to overall project value.

- Positive factor: Anomalous silver grades, adding to the polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: No specific interval length provided for this silver grade.

Evidence · text

> silver to 41.4ppm

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-8)

Cactus North · copper

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.36
- Grade Unit: %
- Intercept: 72.9 m
- From: 30 m
- To: 102.9 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:30-102.9
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This wide copper intercept confirms the extension of the near-surface mineralized zone, which is a positive for resource potential.

- Positive factor: Wide intercept of near-surface copper mineralization, confirming extension of the zone.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 72.9m @ 0.36% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-9)

Cactus North · silver

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 2
- Grade Unit: ppm
- Intercept: 72.9 m
- From: 30 m
- To: 102.9 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:30-102.9
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver adds to the polymetallic nature of the mineralization, contributing to overall project value.

- Positive factor: Silver mineralization alongside copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 2.0ppm Ag from 30.0m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-10)

Cactus North · copper

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.49
- Grade Unit: %
- Intercept: 33.6 m
- From: 58 m
- To: 91.6 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:58-91.6
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This included interval shows an improved copper grade, contributing positively to the overall prospectivity.

- Positive factor: Higher-grade copper intercept within the broader mineralized zone.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 33.6m @ 0.49% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-11)

Cactus North · silver

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.9
- Grade Unit: ppm
- Intercept: 33.6 m
- From: 58 m
- To: 91.6 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:58-91.6
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver adds to the polymetallic nature of the mineralization, contributing to overall project value.

- Positive factor: Silver mineralization alongside copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 1.9ppm Ag from 58.0m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-12)

Cactus North · copper

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.97
- Grade Unit: %
- Intercept: 10.4 m
- From: 89.7 m
- To: 100.1 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:89.7-100.1
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade copper interval is a strong positive, indicating a richer zone within the broader mineralization.

- Positive factor: High-grade copper intercept, further enhancing the overall prospectivity.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 10.4m @ 0.97% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-13)

Cactus North · silver

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 3
- Grade Unit: ppm
- Intercept: 10.4 m
- From: 89.7 m
- To: 100.1 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:89.7-100.1
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver adds to the polymetallic nature of the mineralization, contributing to overall project value.

- Positive factor: Silver mineralization alongside copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 3.0ppm Ag

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-14)

Cactus North · molybdenum

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: molybdenum
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.059
- Grade Unit: %
- Intercept: 10.4 m
- From: 89.7 m
- To: 100.1 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:89.7-100.1
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of molybdenum adds potential byproduct value to the copper-silver mineralization.

- Positive factor: Significant molybdenum mineralization as a potential byproduct.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 0.059% Mo from 89.7m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-15)

Cactus North · molybdenum

#### Identity

- Hole ID: DD26CT004
- Project: Cactus North
- Commodity: molybdenum
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.027
- Grade Unit: %
- Intercept: 39.2 m
- From: 59.9 m
- To: 99.1 m
- Hole Depth: 111 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT004:59.9-99.1
- Mining Method: open\_pit

#### Location

- Azimuth: 196 °
- Dip: -61 °

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of a separate molybdenum zone adds potential byproduct value to the copper-gold mineralization.

- Positive factor: Significant molybdenum mineralization as a potential byproduct.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

Evidence · text

> 0.027% Mo over 39.2m from 59.9m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-16)

Cactus North · copper

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.45
- Grade Unit: %
- Intercept: 71.7 m
- From: 20.3 m
- To: 92 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-92
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This wide copper intercept extends the mineralized zone, which is positive, but the lack of full drill orientation data reduces confidence in its geometry.

- Positive factor: Wide intercept of near-surface copper mineralization, extending the zone to the north-west.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 71.7m @ 0.45% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-17)

Cactus North · gold

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.06
- Grade Unit: g/t
- Intercept: 71.7 m
- From: 20.3 m
- To: 92 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-92
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of gold adds to the polymetallic nature of the mineralization, contributing to overall project value, but the lack of full drill orientation data reduces confidence.

- Positive factor: Gold mineralization alongside copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 0.06g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-18)

Cactus North · silver

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 3
- Grade Unit: ppm
- Intercept: 71.7 m
- From: 20.3 m
- To: 92 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-92
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver adds to the polymetallic nature of the mineralization, contributing to overall project value, but the lack of full drill orientation data reduces confidence.

- Positive factor: Silver mineralization alongside copper and gold, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 3ppm Ag from 20.3m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-19)

Cactus North · copper

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 2.2
- Grade Unit: %
- Intercept: 4.3 m
- From: 20.3 m
- To: 24.6 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-24.6
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade copper sub-interval is a strong positive, indicating richer zones within the broader mineralization, but the lack of full depth and orientation data reduces confidence.

- Positive factor: High-grade copper sub-interval, enhancing the overall intercept quality.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 4.3m @ 2.2% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-20)

Cactus North · gold

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 4.3 m
- From: 20.3 m
- To: 24.6 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-24.6
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of gold alongside high-grade copper in this sub-interval adds to the polymetallic potential, but the lack of full depth and orientation data reduces confidence.

- Positive factor: Gold mineralization alongside high-grade copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 0.13g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-21)

Cactus North · silver

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 14
- Grade Unit: ppm
- Intercept: 4.3 m
- From: 20.3 m
- To: 24.6 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-24.6
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver alongside copper and gold in this sub-interval adds to the polymetallic potential, but the lack of full depth and orientation data reduces confidence.

- Positive factor: Silver mineralization alongside copper and gold, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 14ppm Ag

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-22)

Cactus North · copper

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.4
- Grade Unit: %
- Intercept: 5.8 m
- From: 20.3 m
- To: 26.1 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-26.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade copper sub-interval is a strong positive, indicating richer zones within the broader mineralization, but the lack of full depth and orientation data reduces confidence.

- Positive factor: High-grade copper sub-interval, further enhancing the overall intercept quality.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 5.8m @ 1.4% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-23)

Cactus North · gold

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.33
- Grade Unit: g/t
- Intercept: 5.8 m
- From: 20.3 m
- To: 26.1 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-26.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of gold alongside high-grade copper in this sub-interval adds to the polymetallic potential, but the lack of full depth and orientation data reduces confidence.

- Positive factor: Gold mineralization alongside high-grade copper, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 0.33g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-24)

Cactus North · silver

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: silver
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 13
- Grade Unit: ppm
- Intercept: 5.8 m
- From: 20.3 m
- To: 26.1 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-26.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of silver alongside copper and gold in this sub-interval adds to the polymetallic potential, but the lack of full depth and orientation data reduces confidence.

- Positive factor: Silver mineralization alongside copper and gold, indicating polymetallic potential.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this sub-interval.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> 13ppm Ag

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### DD26CT005

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-25)

Cactus North · molybdenum

#### Identity

- Hole ID: DD26CT005
- Project: Cactus North
- Commodity: molybdenum
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.016
- Grade Unit: %
- Intercept: 32.9 m
- From: 20.3 m
- To: 53.2 m
- Intercept Depth: 20.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DD26CT005:20.3-53.2
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The presence of anomalous molybdenum adds potential byproduct value, but the lack of full depth and orientation data reduces confidence.

- Positive factor: Anomalous molybdenum mineralization as a potential byproduct.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: True width value not explicitly stated.

- Negative factor: Specific depth interval not provided for this molybdenum zone.

- Negative factor: Drill hole azimuth and dip not provided.

Evidence · text

> An anomalous molybdenum zone of 32.9m @ 0.016% Mo

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Newmont 2004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-26)

Cactus North · gold

Historical result

Needs review: ungrounded

#### Identity

- Hole ID: Newmont 2004
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.53
- Grade Unit: g/t
- Intercept: 25.9 m
- From: 0 m
- To: 25.9 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Newmont 2004:0-25.9
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2004-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical gold intercept indicates past exploration success, but its age and lack of modern QA/QC reduce its novelty and confidence as new information.

- Positive factor: Significant gold mineralization from surface.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 25.9m @ 1.53g/t gold

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### DDH-8

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-27)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DDH-8
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 6.7
- Grade Unit: %
- Intercept: 4.9 m
- From: 207.9 m
- To: 212.8 m
- Intercept Depth: 207.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DDH-8:207.9-212.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical high-grade copper intercept is positive, but its age and lack of modern QA/QC, along with missing gold assays, reduce its novelty and confidence.

- Positive factor: High-grade copper intercept.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No gold assays reported for this interval.

Evidence · text

> 4.9m @ 6.7% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### DDH-8

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-28)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DDH-8
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.7
- Grade Unit: %
- Intercept: 43.6 m
- From: 207.9 m
- To: 251.5 m
- Intercept Depth: 207.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DDH-8:207.9-251.5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical wide copper intercept is positive, but its age and lack of modern QA/QC, along with missing gold assays, reduce its novelty and confidence.

- Positive factor: Wide intercept of copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No gold assays reported for this interval.

Evidence · text

> 43.6m @ 1.7% Cu from 207.9m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### R-12

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-29)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: R-12
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 3.2
- Grade Unit: %
- Intercept: 12.2 m
- From: 39.6 m
- To: 51.8 m
- Intercept Depth: 39.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: R-12:39.6-51.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical high-grade copper intercept is positive, but its age and lack of modern QA/QC, along with missing gold assays, reduce its novelty and confidence.

- Positive factor: High-grade copper intercept.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No gold assays reported for this interval.

Evidence · text

> 12.2m @ 3.2% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### R-12

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-30)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: R-12
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 2.41
- Grade Unit: %
- Intercept: 22.9 m
- From: 39.6 m
- To: 62.5 m
- Intercept Depth: 39.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: R-12:39.6-62.5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper intercept is positive, but its age and lack of modern QA/QC, along with missing gold assays, reduce its novelty and confidence.

- Positive factor: Significant copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No gold assays reported for this interval.

Evidence · text

> 22.9m @ 2.41% Cu from 39.6m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### ALCA-10

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-31)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ALCA-10
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 3.1
- Grade Unit: %
- Intercept: 8 m
- From: 61 m
- To: 69 m
- Intercept Depth: 61 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: ALCA-10:61-69
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical high-grade copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: High-grade copper intercept.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 8.0m @ 3.1% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### ALCA-10

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-32)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ALCA-10
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.96
- Grade Unit: g/t
- Intercept: 8 m
- From: 61 m
- To: 69 m
- Intercept Depth: 61 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: ALCA-10:61-69
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical gold intercept alongside copper is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant gold mineralization alongside copper.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 0.96g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### ALCA-10

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-33)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ALCA-10
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.24
- Grade Unit: %
- Intercept: 32 m
- From: 61 m
- To: 93 m
- Intercept Depth: 61 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: ALCA-10:61-93
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical wide copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Wide intercept of copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 32m @ 1.24% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### ALCA-10

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-34)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ALCA-10
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 32 m
- From: 61 m
- To: 93 m
- Intercept Depth: 61 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: ALCA-10:61-93
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical gold intercept alongside copper is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Gold mineralization alongside copper.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 0.3g/t Au from 61m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### R-13B

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-35)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: R-13B
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 2.77
- Grade Unit: %
- Intercept: 12.2 m
- From: 42.7 m
- To: 54.9 m
- Intercept Depth: 42.7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: R-13B:42.7-54.9
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical high-grade copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: High-grade copper intercept.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 12.2m @ 2.77% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### R-13B

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-36)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: R-13B
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.62
- Grade Unit: %
- Intercept: 25.9 m
- From: 42.7 m
- To: 68.6 m
- Intercept Depth: 42.7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: R-13B:42.7-68.6
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 25.9m @ 1.62% Cu from 42.7m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### SAWM0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-37)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SAWM0001
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.9
- Grade Unit: %
- Intercept: 41 m
- From: 252 m
- To: 293 m
- Intercept Depth: 252 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SAWM0001:252-293
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 41m @ 1.9% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### SAWM0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-38)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SAWM0001
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.6
- Grade Unit: g/t
- Intercept: 41 m
- From: 252 m
- To: 293 m
- Intercept Depth: 252 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SAWM0001:252-293
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical gold intercept alongside copper is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant gold mineralization alongside copper.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 0.6g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### SAWM0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-39)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SAWM0001
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.1
- Grade Unit: %
- Intercept: 74 m
- From: 252 m
- To: 326 m
- Intercept Depth: 252 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SAWM0001:252-326
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical wide copper intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Wide intercept of copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 74m @ 1.1% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### SAWM0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-40)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SAWM0001
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 74 m
- From: 252 m
- To: 326 m
- Intercept Depth: 252 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SAWM0001:252-326
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical gold intercept alongside copper is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Gold mineralization alongside copper.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 0.3g/t Au from 252m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PCT04-1

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-41)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PCT04-1
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.15
- Grade Unit: g/t
- Intercept: 16.8 m
- From: 1.5 m
- To: 18.3 m
- Intercept Depth: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: PCT04-1:1.5-18.3
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow gold intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant gold mineralization from shallow depth.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole PCT04-1: 16.8m @ 1.15g/t Au from 1.5m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PCT04-1A

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-42)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PCT04-1A
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.53
- Grade Unit: g/t
- Intercept: 25.9 m
- From: 0 m
- To: 25.9 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: PCT04-1A:0-25.9
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow gold intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant gold mineralization from surface.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole PCT04-1A: 25.9m @ 1.53g/t Au from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PCT04-3

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-43)

Cactus North · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PCT04-3
- Project: Cactus North
- Commodity: gold
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.88
- Grade Unit: g/t
- Intercept: 18.3 m
- From: 0 m
- To: 18.3 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: PCT04-3:0-18.3
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow gold intercept is positive, but its age and lack of modern QA/QC reduce its novelty and confidence.

- Positive factor: Significant gold mineralization from surface.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole PCT04-3: 18.3m @ 0.88g/t Au from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### New Years

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-44)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: New Years
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 1.3
- Grade Unit: %
- Intercept: 26 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper intercept is positive, but its age and lack of modern QA/QC, along with missing depth data, reduce its novelty and confidence.

- Positive factor: Significant copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided.

Evidence · text

> 26m @ 1.3% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### New Years

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-45)

Cactus North · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: New Years
- Project: Cactus North
- Commodity: copper
- Region: usa\_ut
- Reported Region: usa\_ut
- Ticker: HWK

#### Geometry

- Grade: 0.78
- Grade Unit: %
- Intercept: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper intercept is positive, but its age and lack of modern QA/QC, along with missing depth data, reduce its novelty and confidence.

- Positive factor: Significant copper mineralization.

- Negative factor: Historical data, not new results.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided.

Evidence · text

> 30m @ 0.78% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Bear Creek

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-46)

Meerkat · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Bear Creek
- Project: Meerkat
- Commodity: copper
- Region: usa\_az
- Reported Region: usa\_az
- Ticker: HWK

#### Geometry

- Grade: 0.47
- Grade Unit: %
- Intercept: 48 m
- From: 26.1 m
- To: 74.1 m
- Intercept Depth: 26.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Bear Creek:26.1-74.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Metal Eq. Grade: 0.47
- Metal Eq. Unit: % Cu Eq
- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical copper equivalent intercept indicates past exploration success, but its age, pre-JORC compliance, and opaque metal equivalent assumptions reduce its novelty and confidence.

- Positive factor: Significant copper equivalent mineralization from shallow depth.

- Negative factor: Historical data \(pre-JORC 2012\), not new results.

- Negative factor: Metal equivalent grade reported without disclosing assumptions.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 48.0m @ 0.47% Cu Eq from 26.1m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Bear Creek

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-47)

Meerkat · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Bear Creek
- Project: Meerkat
- Commodity: copper
- Region: usa\_az
- Reported Region: usa\_az
- Ticker: HWK

#### Geometry

- Grade: 0.91
- Grade Unit: %
- Intercept: 7.2 m
- From: 127.9 m
- To: 135.1 m
- Intercept Depth: 127.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Bear Creek:127.9-135.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Metal Eq. Grade: 0.91
- Metal Eq. Unit: % Cu Eq
- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade copper equivalent intercept indicates past exploration success, but its age, pre-JORC compliance, and opaque metal equivalent assumptions reduce its novelty and confidence.

- Positive factor: Higher-grade copper equivalent mineralization.

- Negative factor: Historical data \(pre-JORC 2012\), not new results.

- Negative factor: Metal equivalent grade reported without disclosing assumptions.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> 7.2m @ 0.91% Cu Eq from 127.9m down hole

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### RAB

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-48)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: RAB
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 2164
- Grade Unit: ppm
- Intercept: 1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical high-grade scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Very high-grade scandium in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided.

Evidence · text

> 2,164ppm Sc over 1.0m sample intervals

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0002

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-49)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0002
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 948
- Grade Unit: ppm
- Intercept: 5 m
- From: 0 m
- To: 5 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0002:0-5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Significant scandium mineralization from surface in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB0002 5m @ 948ppm Sc from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0002

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-50)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0002
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 1139
- Grade Unit: ppm
- Intercept: 3 m
- From: 0 m
- To: 3 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0002:0-3
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Higher-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 3m @ 1,139ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-51)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0001
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 821
- Grade Unit: ppm
- Intercept: 6 m
- From: 2 m
- To: 8 m
- Intercept Depth: 2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0001:2-8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Significant scandium mineralization in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB0001 6m @ 821ppm Sc from 2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0001

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-52)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0001
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 1547
- Grade Unit: ppm
- Intercept: 2 m
- From: 2 m
- To: 4 m
- Intercept Depth: 2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0001:2-4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Higher-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 2m @ 1,547ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-53)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0004
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 600
- Grade Unit: ppm
- Intercept: 5 m
- From: 0 m
- To: 5 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0004:0-5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Significant scandium mineralization from surface in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB0004 5m @ 600ppm Sc from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0004

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-54)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0004
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 2037
- Grade Unit: ppm
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0004:0-1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical very high-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Very high-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 1m @ 2,037ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0017

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-55)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0017
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 934
- Grade Unit: ppm
- Intercept: 11 m
- From: 0 m
- To: 11 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0017:0-11
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical wide shallow scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Wide intercept of significant scandium mineralization from surface in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB0017 11m @ 934ppm Sc from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0017

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-56)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0017
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 1613
- Grade Unit: ppm
- Intercept: 2 m
- From: 0 m
- To: 2 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0017:0-2
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Higher-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 2m @ 1,613ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0019

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-57)

Olympus · scandium

Historical result

Needs review: ungrounded

#### Identity

- Hole ID: MMB0019
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 700
- Grade Unit: ppm
- Intercept: 7 m
- From: 0 m
- To: 7 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0019:0-7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Significant scandium mineralization from surface in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB 0019 7m @ 700ppm Sc from surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0019

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-58)

Olympus · scandium

Historical result

Needs review: ungrounded

#### Identity

- Hole ID: MMB0019
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 1205
- Grade Unit: ppm
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0019:0-1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Higher-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 1m @ 1,205ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0016

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-59)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0016
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 664
- Grade Unit: ppm
- Intercept: 8 m
- From: 1 m
- To: 9 m
- Intercept Depth: 1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0016:1-9
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical shallow scandium result is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Significant scandium mineralization in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

Evidence · text

> Hole MMB0016 8m @ 664ppm Sc from 1m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### MMB0016

[Link to this fact](https://atlas-staging.minestarters.com/news/hwk-2026-annual-report-to-shareholders--7ea3d463-9a36-41ff-8a40-1155782f4052#fact-drill-facts-60)

Olympus · scandium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MMB0016
- Project: Olympus
- Commodity: scandium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: HWK

#### Geometry

- Grade: 1161
- Grade Unit: ppm
- Intercept: 1 m
- From: 1 m
- To: 2 m
- Intercept Depth: 1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: MMB0016:1-2
- Mining Method: open\_pit

#### QA/QC

- QP Signed: No

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical higher-grade scandium sub-interval is indicative of potential, but its reliance on pXRF and non-compliance with modern reporting standards significantly reduce its reliability and novelty.

- Positive factor: Higher-grade scandium sub-interval in historical pXRF assays.

- Negative factor: Historical data, not new results.

- Negative factor: pXRF analyses are not laboratory assays and require verification.

- Negative factor: Not compliant with JORC 2012.

- Negative factor: No explicit QA/QC disclosure.

- Negative factor: No specific depth interval provided for this sub-interval.

Evidence · text

> 1m @ 1,161ppm Sc

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.