Download the Prospectus
Pre Money Equity Valuation
$2,992,000
Min Raise
$4,500,000
Max Raise
$5,500,000
Estimated Close
2019-11-27
Issue Type
IPO
Lead Manager
Canaccord Genuity Ltd
Type of Securities
Options, Shares
Date First Lodged
29/10/2019
Offer Costs $
$555,125
Market Cap Max
$8,492,000
Key Executives
William Belbin (MD), David Pennock (ED), Brett Lambert (NEC)
Company Address
Suite 2, 47 Ord Street WEST PERTH WA 6005
Exchange
ASX
Chairman's Letter

Dear Investor
On behalf of my fellow Directors, it is with great pleasure that I present to you this Prospectus
and invite you to become a shareholder of Metal Hawk Limited (Metal Hawk or the Company).
Metal Hawk is a recently incorporated mineral exploration company committed to increasing
shareholder wealth through the acquisition, exploration and development of mineral resource
projects in Western Australia. Over the past 12 months, the Company has assembled and
commenced exploring an exciting portfolio of gold and nickel sulphide prospects.
Metal Hawk’s decision to target gold and nickel sulphide is based on belief that the market
outlook for both commodities is very strong. The Australian dollar gold price set new all-time
highs in 2019 and for the last three months has remained comfortably above A$2,000 per ounce.
The nickel price has also been trending positively and has recently attained its highest level in
five years. The favourable sentiment towards nickel has been fuelled by expectations of
burgeoning demand for electric vehicle batteries, which have a high nickel content. Existing
demand for nickel has already seen London Metal Exchange warehouse stocks fall from over
450,000 tonnes in 2015 to less than 100,000 tonnes at the date of this Prospectus.
Metal Hawk is now moving to accelerate exploration of its gold and nickel sulphide projects and
is seeking to fund this work through an initial public offer of between 22,500,000 Shares and
27,500,000 Shares at an issue price of $0.20 each to raise a minimum of $4.5 million and up to
a maximum of $5.5 million (before costs) (Public Offer).
The Company’s projects are strategically located within the prolific Eastern Goldfields and the
emerging Albany Fraser regions of Western Australia.
The Eastern Goldfields is a globally significant producer of both gold and nickel sulphide. The
Company’s three Eastern Goldfields projects, Kanowna East, Emu Lake and Clinker Hill, are all
situated within 80km of the city of Kalgoorlie-Boulder and are adjacent to established mining
operations. Being located near a major mining service centre and existing infrastructure
contributes to Metal Hawk’s ability to implement cost effective and efficient exploration and
potentially provides a more rapid and lower cost pathway to production for any deposit that
may be discovered.
The work Metal Hawk has carried out to date on the Eastern Goldfields tenure has generated
compelling drill-ready targets and Metal Hawk’s team is making preparations to commence
drilling promptly upon achieving a successful ASX listing.
The Company’s landholding in the Albany-Fraser region comprises two substantial project
areas, the Viking Gold Project and the Fraser South Project.
The Viking Project, situated only 30km east of Norseman, was initially identified by AngloGold
Ashanti in 2011. Limited, predominantly shallow, prior drilling returned a number of high grade
gold intercepts and defined several prospects that warrant follow-up drilling. Metal Hawk is
currently progressing an application for a new exploration license over the entire 200km2
project area.
The Company has executed an agreement with Chalice Gold Mines Limited subsidiary, CGM (WA)
Pty Ltd (CGM), which provides a right for CGM to earn a joint venture interest of up to 70% in
the Viking Project by sole funding up to $2.75 million of exploration over a 4 ½ year period.
Subject to CGM electing to earn-in, the arrangement with CGM enables evaluation of the Viking
Project to proceed without depleting the Company’s funds and leaves the Metal Hawk team
free to focus on advancing its other projects.
Page vi
At the Fraser South Project, located approximately 80km south of the world-class NovaBollinger Nickel-Copper mine, the Company is preparing work plans ahead of seeking approval
to systematically explore the 360km2
project for massive sulphide nickel-copper mineralisation.
No prior drilling has been carried out on the Fraser South Project.
This Prospectus contains detailed information about the Public Offer and the current and
proposed operations of the Company, as well as the risks pertaining to an investment in the
Company. Potential investors in the Company should carefully consider those risks (detailed in
Section 3).
We believe there are exciting times ahead for the Company and we look forward to welcoming
you as a Shareholder should you decide to take up Shares pursuant to the Public Offer.
Yours Sincerely

Mr Brett Lambert
Non-Executive Chairman