Hawkstone’s ‘Big Sandy’ lithium target just got a whole lot bigger
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Special Report: Strategically located in Arizona along the so-called US Battery Corridor, Hawkstone is ticking boxes at the shallow, easy-to-mine Big Sandy lithium project ahead of an upcoming maiden resource estimate.
Hawkstone Mining’s (ASX:HWK) Big Sandy project — an 11km-long, sedimentary-hosted lithium horizon which runs from surface to a depth of ~90m— continues to produce the goods.
With a maiden resource due end of September, fresh mapping and sampling in the underexplored southern claim area has resulted in a 15 per cent boost to the project’s overall exploration target to 280.1 to 492.6 million tonnes grading 1,000 to +2,000ppm (parts per million) lithium.
This follows recent drilling at the Block A exploration target in the Northern Mineralised Zone, which successfully intersected lithium mineralisation in all holes.
These results will be used towards the estimation of a targeted maiden JORC compliant resource, anticipated for completion by the end of September.
“The increase in the exploration target forms part of an aggressive exploration program, with the recently completed phase two drill program confirming significant lithium mineralisation in Block A of the NMZ, assisting with the targeted conversion of a conceptual exploration target to a JORC estimated resource,” managing director Paul Lloyd says.
“We have further drilling planned as we continue to develop the Big Sandy lithium project.”
The US’ intense focus on developing its own domestic battery supply chain is a huge positive for junior players like Hawkstone.
Recently, the US Commerce Department designated lithium as a mineral critical to US national security and the economy– part of a move by the US to establish its own EV supply chain, from raw materials through to EV production.
But it’s going to need some in-country lithium mines. Right now, the US only produces a nominal amount and exports all of it.
And Hawkstone enjoys another strategic benefit — Big Sandy is located within an area that has recently been designated as an economic opportunity zone, allowing companies to access tax concessions from state and federal authorities.