Hawk Resources Limited (ASX:HWK) explores for critical and precious metals including copper, gold, lithium, zinc, lead, silver and scandium. The company holds the Cactus copper-gold project and Detroit gold project in Utah, USA, targeting medium tonnage high grade near-surface oxide and breccia-hosted sulphide deposits across twelve prospects including extensions to the historical Cactus and Comet mines and the New Years prospect; it also maintains seven lithium projects covering 472 square kilometres in Brazil's Lithium Valley district in Minas Gerais state (Governador Valadares, Itambacuri, Itaipe, Carai, Catuji, Minas Novas, Curral de Dentro) plus the Salitre lithium project in Bahia state, with lithium and rare earth element anomalies up to ten times background grades identified in stream sediment sampling; and recently secured an option to earn up to 80% of the Olympus scandium project in Western Australia. Incorporated in 2013 and headquartered in Melbourne, Australia, Hawk Resources operates primarily in the USA, Brazil and Australia, serving markets for electrification-related copper, aerospace and advanced materials scandium, and battery-grade lithium. In October 2025, the company raised A$5 million through a placement to institutional and professional investors to fund copper drilling at Cactus and initial exploration at Olympus including confirmatory assays, permitting and soil sampling; it changed its name from Alderan Resources Limited in November 2024; completed earn-in agreements for Brazil projects including Salitre in mid-2024; and conducted verification drilling at New Years in late 2024 confirming near-surface copper oxide mineralization including 26 metres at 1.3% copper.