• Binding Heads of Agreement option to earn up to 80% of the Meerkat Copper Project in southern Arizona, U.S.A.
• Meerkat sits in a world class copper belt: The Laramide Magmatic Arc
• Meerkat has strong porphyry signature: A 1km diameter magnetic anomaly, historical high grade copper & molybdenum
• Strategic fit: Complements Hawk's Cactus copper project and builds U.S.A. copper portfolio

Hawk Resources Limited (ASX: HWK) has executed a binding Share Sale Agreement to acquire an option to earn up to 80% of the Meerkat copper project in southern Arizona, U.S.A. Meerkat is located approximately 100km south of Tucson in the Laramide Magmatic Arc, which hosts multiple world-class copper deposits. The project area has a history of small-scale copper-molybdenum mining between 1912-1955, with reported grades of 7-8% copper and 1% molybdenum from the Santo Nino mine. A recent drone magnetic survey has highlighted a classic 1km diameter porphyry copper anomaly surrounding the Santo Nino mine claims, which appears to be unexplored. Post-mining exploration has also identified copper and molybdenum in rock and soil samples, as well as historical drill intersections of up to 48m at 0.47% copper equivalent. Hawk sees Meerkat as a strategic fit, complementing its Cactus copper project in Utah and aligning with the company's objective of building a U.S.A. copper portfolio. The planned exploration program includes surface geochemical sampling, geophysical surveys, and initial drilling to verify historical results and identify priority zones.

Hawk plans to undertake surface geochemical sampling, geophysical surveys, and initial drilling at Meerkat in 2026 to verify historical exploration results and identify priority zones for further evaluation.