Other Projects
Anvil
In addition to the Blacksmith Project, Red Hawk holds retention licence R47/21 for the Anvil Project.
Anvil Mineral Resource Estimate
| JORC Classification | Tonnes Mt | Fe % | SiO2 % | Al2O3 % | P % | LOI % |
|---|---|---|---|---|---|---|
| Inferred | 176 | 47.1 | 21.3 | 6.05 | 0.044 | 4.13 |
Canegrass
The Canegrass Project (100% Red Hawk) is located approximately 60km south-east of Mt Magnet and 15km south-west of Atlantic Limited’s Windimurra Vanadium Project, in WA’s Mid-West. The tenement package comprises six granted exploration licences that are prospective predominantly for vanadium and titanium.
Farm-In Agreement with Viking Mines
Red Hawk has entered into a Farm-in Agreement (FIA) with Viking Critical Minerals Pty Ltd, a wholly owned subsidiary of Viking Mines Limited (ASX: VKA) for all minerals on the Canegrass tenements. Pursuant to the FIA, Red Hawk will also receive cash payments from Viking as each earn-in stage is completed. Ultimately Viking has the right, but not the obligation, to acquire Canegrass.
Red Hawk has chosen to pursue the FIA as it allows the Canegrass Project to be progressed directly by a third party, without diverting Red Hawk’s management time from the Blacksmith Project and associated business developments. The structure of the farm-in provides for Red Hawk to avoid the ongoing tenement holding costs and preserves Red Hawk’s balance sheet, whilst also allowing for staged cash payments that will benefit Red Hawk’s shareholders.
Further details regarding the Agreement can be found in the ASX Announcement dated 30 November 2022.
The current Project Mineral Resource Estimate is:
Canegrass Project Vanadium Mineral Resource estimate, 0.5% V2O5 cut-off grade, >210 m RL
| Deposit | JORC Classification | Tonnes Mt | V2O5 % | TiO2 % | Fe % | AL2O3 % | P % | SiO2 % | LOI % |
|---|---|---|---|---|---|---|---|---|---|
| Fold Nose | Inferred | 59 | 0.66 | 6.5 | 30.5 | 11.9 | 0.006 | 22.9 | 2.9 |
| Kinks | Inferred | 20 | 0.57 | 5.5 | 27.4 | 13.0 | 0.009 | 25.9 | 3.1 |
| Total | 79 | 0.64 | 6.0 | 29.7 | 12.2 | 0.007 | 23.6 | 3.0 | |
Competent Person Statement
The information in this report that relates to Exploration Results is based on, and fairly reflects, information compiled by Mr Mark Pudovskis. Mr Mark Pudovskis, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Pudovskis is a consultant to Red Hawk, employed by CSA Global Pty Ltd, independent mining industry consultants. Mr Pudovskis has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Mr Pudovskis consents to the disclosure of the information in this report in the form and context in which it appears.
The information in this report that relates to Mineral Resources is based on, and fairly reflects, information compiled by Mr Aaron Meakin, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Meakin is a consultant to Red Hawk, employed by CSA Global Pty Ltd, independent mining industry consultants. Mr Meakin has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Mr Meakin consents to the disclosure of the information in this report in the form and context in which it appears.