Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Metal Hawk Ltd (MHK.ASX)
Release Time 30 Jan 2026, 8:10 a.m.
Price Sensitive Yes
 Quarterly Activities/Appendix 5B Cash Flow Report
Key Points
  • Maiden diamond drilling program completed at Leinster South with high-grade gold results
  • New gold target identified north of Tysons prospect from Sub Audio Magnetic survey
  • Extensive AMAG survey completed over Leinster South and Pepperill Hill projects
Full Summary

Metal Hawk Ltd has reported on its quarterly activities for the period ending 31 December 2025. During the quarter, the Company completed its maiden diamond drilling program at Leinster South, with five holes drilled at the Thylacine Prospect for a total of 1,595m. The drilling program returned several significant new high-grade gold zones, largely associated with quartz veining and hosted within the Thylacine gabbro. Notable results include 2.3m @ 15.28 g/t Au from 28.1m, 1.7m @ 7.71 g/t Au from 338.65m, and 0.65m @ 14.0 g/t Au from 159.4m. The Company also completed a high-resolution UAV-assisted Sub Audio Magnetic (SAM) survey over the broader Thylacine and Tysons prospect areas, which identified a significant target north of Tysons presenting a 400m x 100m zone of strong conductivity and potential for associated quartz-vein-hosted and sulphide-associated gold mineralisation. Additionally, an extensive AMAG survey was completed over parts of the Leinster South and Pepperill Hill projects. Metal Hawk plans to commence a second phase of RC drilling at Leinster South in February 2026, focusing on the largely untested eastern and southern parts of the Thylacine Prospect, as well as drilling north of Tysons.

Outlook

The Company plans to commence a second phase of RC drilling at Leinster South in February 2026, focusing on the largely untested eastern and southern parts of the Thylacine Prospect, as well as drilling north of Tysons. Additional regional exploration, mapping, and sampling activities are also planned at the Leinster South and Pepperill Hill projects.