Metal Hawk soars on WA nickel sulphide discovery
Market punters pushed Metal Hawk’s share price through the roof after maiden reverse circulation drilling at the company’s Berehaven nickel project near Kalgoorlie hit massive sulphide nickel mineralisation. Metal Hawk’s share price touched 76c in intraday trading after it announced a two-metre intersection of massive and semi-massive nickel sulphide mineralisation. The company’s previous day’s closing share price was 18.5c.
The company is now planning to launch a diamond drilling campaign to follow up on the nickel sulphide hit. The discovery comes on the back of three RC holes at the Commodore prospect located in the south-west area of the Berehaven tenure. The company says the Berehaven tenure, which spans for more than 95 square kilometres, plays host to several underexplored target areas. The drilling at Commodore focused on an interpreted north-northwest trending ultramafic rock sequence stretching for up to 10km at the project.
With the price of nickel trading close to seven-year highs at about US$20,000 per tonne, Metal Hawk followers will no doubt be sweating on the results from its drilling at Berehaven. And with the battery metals sector burgeoning right now and not looking like easing up anytime soon, now would be a good time to make a serious nickel discovery – particularly as there is more nickel in a lithium battery than lithium.