The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Metal Hawk (MHK) commences diamond drilling at its Berehaven Nickel Project, near Kalgoorlie in the West Australian Goldfields
  • A couple of weeks ago the company found massive nickel sulphides grading 5.9 per cent nickel at the Commodore prospect
  • Last week, the company announced it will be undertaking a 2.4 million capital raise for its drilling program at Berehaven
  • Reverse circulation drilling is also scheduled to recommence this week
  • On the market today, Metal Hawk closed up 9.48 per cent at 63.5 cents per share

Metal Hawk (MHK) has commenced diamond drilling at its Berehaven Nickel Project, near Kalgoorlie in West Australian goldfields.

A couple of weeks ago, the company found massive nickel sulphides grading 5.9 per cent nickel at the Commodore prospect

Berehaven is five kilometres north of the Blair Nickel Mine, which produced 1.26 million tonnes at 2.62 per cent nickel for 32,900 tonnes of contained nickel.

Commenting on the drilling is Managing Director Will Belbin.

“Diamond drilling has started exactly one month after the discovery RC hole which intersected high grade massive nickel sulphides at Commodore,” Mr Belbin said.

“Following last weeks’ successful capital raising we now look forward to progressing this exciting discovery with an aggressive drilling program.”

Reverse circulation drilling is also scheduled to recommence this week.

Last week, the company announced it will be undertaking a 2.4 million capital raise for its drilling program at Berehaven.

On the market today, Metal Hawk closed up 9.48 per cent at 63.5 cents per share.

MHK by the numbers
More From The Market Online

Great Western shares jump nearly 11% on WA govt funding for priority Cu-Au targets

Great Western Exploration shares jump nearly 11 percent on West Australian government funding to test copper-gold…

Lithium Universe ends the quarter charged up for Quebec Refinery roll-out

Lithium Universe has closed off the March quarter with a new Chief Financial Officer and strategically located land…

Alligator snaps at extended mineralisation of Blackbush uranium deposit in SA

Extension drilling in the first four months of this year at the Samphire Uranium Project in South Australia has enabled Alligator Energy Ltd