Geophysical Survey Completed as Exploration Advances at Siberian Tiger

Metal Hawk Limited (ASX: MHK, “Metal Hawk” or the “Company”) is pleased to provide an exploration update for its 100% owned Leinster South project, located 30km south of Leinster in the Western Australian goldfields.

• UAV magnetic survey completed at Leinster South over prospective stratigraphy along the eastern limb of the Lawlers Anticline.
  
• Detailed geophysical data to assist with drill targeting at the untested Siberian Tiger gold prospect.
• New rock chip gold results extend the surface footprint and strike potential of Siberian Tiger. Further mapping and geochemical sampling continue to identify new drill targets.
• Additional 177 rockchip samples from new prospect areas submitted for gold analysis with results expected in 3-4 weeks.
• Heritage negotiations and drilling approvals progressing.

A high-resolution UAV (drone) magnetic survey has been completed over the majority of Leinster South tenement E36/1068, which includes the Siberian Tiger gold prospect. Recent rock chip sampling at Siberian Tiger identified high grade gold in quartz veining (see ASX announcement 5 August 2024). The detailed magnetic data and imagery (shown in Figure 1) is assisting the Company with geological and structural interpretation leading up to the maiden campaign of RC drilling at Leinster South. These features are now being investigated and field checked by Metal Hawk geologists. Detailed UAV photogrammetry and LIDAR data were also collected to assist in outlining new areas for exploration.

The Siberian Tiger gold discovery is located along the eastern limb of the Lawlers Anticline and only 15km from the Lawlers mining centre (Figure 1). Past production from the Agnew - Lawlers deposits is > 5 million oz @ 5gt Au¹.

Figure 1. Leinster South airborne magnetics

Metal Hawk’s Managing Director Will Belbin commented: “The level of detail shown from the geophysical drone survey is excellent. The data clearly maps out the prospective southeastern trending stratigraphy along strike from Siberian Tiger and also highlights a number of key structural features. It is great to see additional high-grade gold rock chip samples in new areas and we will continue to develop more prospects with effective boots-on- ground exploration.”

Following the initial high-grade rock chip results from Siberian Tiger, the second field campaign of mapping and geochemical sampling was carried out in August 2024. Assay results from this second round of rock chip sampling show a number of new gold anomalies at untested locations along the belt, along strike to the southeast from Siberian Tiger (“Tiger Tail”) and also on the other (southwestern) side of the prominent southeast trending mafic and ultramafic belt (“Tiger Stripes”; see Figure 2). There is a subtle magnetic association with the Siberian Tiger as it is currently mapped, suggesting the presence of some pyrrhotite or magnetite below the depth of weathering. Only rarely have sulphides been observed at surface due to surface oxidation. The assay data are also firming the pathfinder elements, with bismuth, tungsten, copper and zinc aligning well with gold-bearing quartz veins in the area.

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