Key points
- All government approvals for exploration at Olympus have been obtained
- Exploration planned to commence in September 2026
- Historical data shows potential for a new scandium province
- High scandium grades up to 2,164 ppm identified in RAB samples
- Project aims to fast track to drilling to test high potential targets
Full summary
Hawk Resources Ltd (ASX: HWK) has announced that it has received all necessary government approvals to commence exploration at its Olympus scandium project in Western Australia. The project, located in the West Musgrave region, has the potential to host a new scandium province. Historical exploration data from 2001-2009 indicates a significant scandium anomaly, with soil samples grading up to 1,284 ppm Sc and RAB drill samples reaching up to 2,164 ppm Sc. Exploration activities, including soil and rock sampling and RAB drilling, are planned to start in September 2026. The project aims to fast-track to drilling to test high potential targets identified in the historical data.
Outlook
The company is optimistic about the potential of the Olympus project to uncover a significant new scandium province, with plans to commence exploration in September 2026.