Quarterly Report for the Period Ending 30 September 2024

Metal Hawk Limited (ASX: MHK, “Metal Hawk” or the “Company”) is pleased to report on its quarterly activities for the period ending 30 September 2024.

HIGHLIGHTS

EXPLORATION ACTIVITIES

LEINSTER SOUTH PROJECT

• Maiden field campaign at Leinster South returns numerous high grade gold assays from rock chips (up to 20.2g/t Au) at the new Siberian Tiger prospect. There is no previous drilling at Siberian Tiger.
• UAV (drone) magnetic survey, detailed orthophotography and LiDAR survey completed over Siberian Tiger and the majority of tenement E36/1068.
• Geological mapping and geochemical sampling expand the gold mineralisation footprint at Siberian Tiger and continue to generate new regional gold prospects.
• Additional tenement applications increase Metal Hawk’s landholding to over 430km2.
• Heritage Agreement executed, approvals progressing towards maiden RC program.

BEREHAVEN PROJECT

• Gold assays returned from RC drilling completed in June 2024 at the Commodore North gold zone.
• Significant results include:
  • 6m @ 1.58g/t Au from 40m (BVNC066)
  • 2m @ 2.51g/t Au from 105m (BVNC067)
  • 3m @ 1.41g/t Au from 92m (BVNC069)

CORPORATE

• End of quarter cash position of $1.7 million.
• The Company is looking at divesting a number of non-core assets and tenements.

Managing Director Will Belbin commented: “The early exploration success at Siberian Tiger puts Metal Hawk in an excellent position heading into the December quarter and beyond. At Leinster South we have a big package of ground surrounded by world class gold deposits and it is quite incredible that there has been virtually no historical gold exploration at Siberian Tiger. We are very excited to push towards a maiden drilling program as soon as possible.”

Figure 1. Metal Hawk’s main goldfields project locations

DECEMBER QUARTER 2024 – PLANNED ACTIVITY

The Company will be focusing the majority of exploration efforts towards the maiden drill program at the Leinster South project, with planned activities in the lead-up including:

• Geochemical sampling (rock chips and soils).
• Detailed structural mapping and interpretation.
• Targeting and preparations for drilling.
• Processing and interpretation of detailed geophysical data, aerial photography/imagery and LiDAR data.
• Scheduled heritage clearance surveys.

COMPANY PROJECTS – WESTERN AUSTRALIA

LEINSTER SOUTH PROJECT

The Leinster South project area covers more than 430km² and is situated between 10km and 40km south of Leinster. Limited historical exploration has been conducted on the tenements.

Field reconnaissance mapping and rock chip sampling commenced in late June 2024. The majority of work focused on tenement E36/1068, which is located along the southeastern limb of the Agnew Greenstone Belt and only 15km from the Lawlers mining centre. The initial field trip included follow-up of a highly anomalous geochemical gold anomaly (482ppb Au) from historical wide-spaced soil sampling at the northern portion of this tenement.

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