Hawkstone Mining

Website: hawkstonemining.com.au
Primary ticker: ASX:HWK
Stage of development: Exploration, Development
Commodity: Lithium
Project to promote: Big Sandy

Live financials

Hawkstone Mining Limited (ASX: HWK) is an ASX listed company focused primarily on the development of a low-cost lithium project in America’s battery corridor.  The Big Sandy Project is located on interstate I93 between Phoenix and Las Vegas and comprises 311 Bureau of Land Management (BLM) claims in Arizona, covering approximately 25km2.

Management Profile

Paul Lloyd – Managing Director

Appointed in September 2018, Paul Lloyd is a Chartered Accountant with over 30 years of commercial experience. Mr. Lloyd operates his own corporate consulting business, specializing in the areas of corporate, financial and management advisory services. After commencing his career with an international accounting firm, he was employed for approximately 10 years as the General Manager of Finance for a Western Australian based international drilling contractor, working extensively in Asia and Africa. He has also been responsible for a number of IPOs, RTOs, project acquisitions and capital raisings for ASX listed public companies.

What is your rationale for attending 121 Mining Investment?

The Company has recently completed a 37 hole diamond drill program at its Big Sandy lithium project in Arizona USA and is now progressing towards its maiden JORC resource in September 2019. With a comparatively low market capitalization and further drilling planned to increase the Company’s anticipated maiden JORC resource, Hawkstone is seeking to promote itself to investors, financiers and offtake partners.

What recent news would you like to highlight to investors attending?

The Company’s recent 37 hole diamond drill program at the Big Sandy lithium project, intersected thick high grade lithium mineralization at shallow depth.

The best intersections included:
• DHQ3 54.0m @ 2,041 ppm Li from 10.0m to 64.0m
• DHQ4 34.0m @ 1,941 ppm Li from 32.0m to 66.0m
• DHQ5 36.0m @ 1,892 ppm Li from 31.0m to 67.0m
• DHQ10 44.0m @ 2,040 ppm Li from 12.0m to 56.0m
• DHQ28 52.0m @ 1,953 ppm Li from 11.0m to 63.0m
• DHQ22 47.0m @ 2,130 ppm Li from 12.0m to 59.0m

What are your key goals for the next 3, 6 and 12 months?

3 Months:

The Company plans to progress to its maiden JORC Resource in September 2019.

6 Months:

To undertake further drilling to increase the Company’s anticipated maiden JORC resource.

12 Months:

Hawkstone aims to build a pilot plant and produce battery-grade lithium from sedimentary materials.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Hawkstone aims to position itself as a global supplier of lithium to the rapidly growing electric vehicle industry. As this industry continues to grow, Hawkstone sees a challenge in meeting ever increasing demand for lithium in both the United States and globally.

In a sentence, what do you think makes your company such a compelling investment?

Hawkstone Mining Limited (ASX:HWK) has a current market cap of AU$11 million, whereas ioneer Limited (ASX:INR) has a comparable project with a market cap of AU$250 million. Significant potential exists as Hawkstone progresses with the development of its Big Sandy lithium project.