Metal Hawk Raises $1.2m to Advance Lithium-Nickel-REE Projects

THE BOURSE WHISPERER: Metal Hawk (ASX: MHK) received firm commitments from sophisticated investors to raise $1.2 million.

Metal Hawk indicated the proceeds will be put towards exploration activities at the company’s Yarmany and Fraser South projects in Western Australia.

Metal Hawk recently acquired the Yarmany nickel and lithium project, north-west of Coolgardie in WA’s Eastern Goldfields where limited historical drilling has confirmed a favourable geological setting with potential for komatiite-hosted nickel sulphides and pegmatite-hosted lithium mineralisation.

The company also bought out IGO’s 51 per cent JV interest at the Fraser South project where it has completed a maiden drilling program that identified clay-hosted rare earth element (REE) mineralisation.

“We look forward to an exciting period for the company with lithium and nickel exploration ramping up at Yarmany and the next phase of drilling at Fraser South due to commence shortly,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE