HWK: Olympus Scandium Project Soil Sampling Completed, WA

Original announcement by asx on

Company
Hawk Resources Limited
Ticker
HWK
Exchange
ASX
Region
Western Australia
Primary commodity
Scandium
Secondary commodities
Copper, Nickel, Cobalt, Platinum, Gold
Document categories
Other, Drill results
Extracted
2026-10-02 00:15:57 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Hawk Resources has completed a 1,240-sample soil sampling programme at the Olympus scandium project in Western Australia to test historical anomalies. While no new assay results were provided, the company highlighted historical pXRF scandium intercepts up to 11m @ 934 ppm Sc and individual 1m samples of 2,164 ppm Sc.

Reasoning: The announcement reports the completion of a soil sampling program with no new assay results, while restating historical pXRF scandium anomalies.

Positive factors

  • Completion of soil sampling programme to test scandium anomalies
  • Historical RAB intercepts up to 11m @ 934 ppm Sc
  • High-grade individual 1m pXRF sample of 2,164 ppm Sc

Negative factors

  • No new assay results reported in this release; samples are in transit
  • Historical data relies on pXRF which is not a proxy for lab assays
  • Historical data is pre-JORC 2012

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

Facts used in scoring: 10

Classification and evidence

Stale Data Re-releasenegative

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

Why it applies: The announcement restates historical pXRF scandium results from 2007-2008 without providing new assay results.

Evidence · text

“No new exploration data has been generated for this announcement - all relevant historical data is referenced in the body of the announcement.”

No QA/QC Disclosurenegative

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 historical pXRF data lacks information on calibration, sample collection procedures, or verification.

Evidence · text

“There is no information on quality control procedures for the pXRF analysis of soil and RAB samples.”

Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

Drill Results (10)

MMB0002Olympus · scandiumGrade: 948Grade Unit: ppmIntercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0002:0-5

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical RAB intercept reported via pXRF.

Positive factors

  • High grade scandium intercept

Negative factors

  • Historical pXRF data
  • Pre-JORC 2012

Evidence · text

“Hole MMB0002 5m @ 948ppm Sc from surface including 3m @ 1,139ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0002Olympus · scandiumGrade: 1139Grade Unit: ppmIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0002:0-3

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical sub-interval reported via pXRF.

Positive factors

  • High grade sub-interval

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0002 5m @ 948ppm Sc from surface including 3m @ 1,139ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0001Olympus · scandiumGrade: 821Grade Unit: ppmIntercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0001:2-8

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical RAB intercept reported via pXRF.

Positive factors

  • Anomalous scandium intercept

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0001 6m @ 821ppm Sc from 2m including 2m @ 1,547ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0001Olympus · scandiumGrade: 1547Grade Unit: ppmIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0001:2-4

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical sub-interval reported via pXRF.

Positive factors

  • High grade sub-interval

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0001 6m @ 821ppm Sc from 2m including 2m @ 1,547ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0004Olympus · scandiumGrade: 600Grade Unit: ppmIntercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0004:0-5

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical RAB intercept reported via pXRF.

Positive factors

  • Anomalous scandium intercept

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0004 5m @ 600ppm Sc from surface including 1m @ 2,037ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0004Olympus · scandiumGrade: 2037Grade Unit: ppmIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0004:0-1

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical sub-interval reported via pXRF.

Positive factors

  • High grade sub-interval

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0004 5m @ 600ppm Sc from surface including 1m @ 2,037ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0017Olympus · scandiumGrade: 934Grade Unit: ppmIntercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0017:0-11

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical RAB intercept reported via pXRF.

Positive factors

  • Significant width and grade

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0017 11m @ 934ppm Sc from surface including 2m @ 1,613ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0017Olympus · scandiumGrade: 1613Grade Unit: ppmIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0017:0-2

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical sub-interval reported via pXRF.

Positive factors

  • High grade sub-interval

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB0017 11m @ 934ppm Sc from surface including 2m @ 1,613ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0019Olympus · scandiumGrade: 700Grade Unit: ppmIntercept: 7 mHistorical resultNeeds review: ungroundedView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0019:0-7

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
ungrounded
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical RAB intercept reported via pXRF.

Positive factors

  • Anomalous scandium intercept

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB 0019 7m @ 700ppm Sc from surface including 1m @ 1,205ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

MMB0019Olympus · scandiumGrade: 1205Grade Unit: ppmIntercept: 1 mHistorical resultNeeds review: ungroundedView all details
Link to this fact

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

Sample Type
drill
Group ID
MMB0019:0-1

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
ungrounded
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-09-29T00:00:00.000Z

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Historical sub-interval reported via pXRF.

Positive factors

  • High grade sub-interval

Negative factors

  • Historical pXRF data

Evidence · text

“Hole MMB 0019 7m @ 700ppm Sc from surface including 1m @ 1,205ppm Sc”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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.