coal and tungsten plays adding value

ASX ann coming thick & fast. HFC is extremely tightly held & only for medium to long term holders. Day traders stick with CNP CER XJO etc etc. Tungsten & coal the main plays.




17 December 2007
Hawk Acquires Coal Permit - Increasing
Exposure to High Value Markets
HIGHLIGHTS
• Hawk acquires prospective coal tenement in Bowen Basin, QLD
• Work to date indicates the potential for deep resources of semisoft
coking coal
• Hawk is delivering on its strategy of acquiring significant assets
in high value markets, namely tungsten and coal
Hawk Resources Limited (ASX: HFC) is pleased to advise that it has
acquired a 100% interest in Exploration Permit EPC 1070 (Mount
McDonald North) which is highly prospective for semi-soft coking coal.
The new permit is located in the central Bowen Basin of Central

24 December 2007 Coal permit in Bowen Basin

28 December 2007
Hawk Resources Limited acquires rights to 80% of
the Callie Soak Tungsten Project, Murchison,
Western Australia
HIGHLIGHTS
Due diligence successfully completed on the Callie Soak
Tungsten prospect and formal documentation executed;
Previous drilling within the tenement has highlighted
several wolframite bearing lenses at encouraging grades;
The most significant lens is known as Martins Lode, in
which previous drilling includes an intercept of 3.0m
@1.77%WO3 from 5.8m; and
An extensive exploration program advancing the
historical work completed previously at Martins Load to
commence upon the Exploration Licence being granted.
As a result of the active perusal of growth opportunities by
the Board, Hawk Resources Limited (ASX: HFC) announced
on 3 October 2007 that a Heads of Agreement had been
signed in relation to the Callie Soak Tungsten Project
(ELA20/0669) which is located approximately 40 kilometres
west-northwest of Cue in Western Australia (Figure 1).
Detailed due diligence has now been completed, a formal
sale and purchase agreement has been executed and
subject to the payment of $20,000 and the issue of $40,000
worth of shares in Hawk, Hawk has been assigned an 80%
interest in the project. The Board is pleased to present
further technical details on the Callie Soak Tungsten Project
as detailed below.
Hawk Resources Limited
ASX:HFC
www.hawkresources.com.au

[email protected]
ASX RELEASE
Callie Soak Project – Overview
The project contains a wealth of historical technical
information and drilling results suggesting significant
potential for this project given the current tungsten market.
As a result of a drilling program conducted in 1970, a pit
design and feasibility study was completed on Martin’s Lode
with the final conclusion being that an increase in the
tungsten price was needed before the site could be
economically mined.
Figure 1 – Callie Soak prospect location map
During the period 1972 to 1979 when the last detailed
examination of Callie Soak occurred, the price of tungsten
concentrate was US$47 to US$61 MTU of WO3 concentrate.
The current price is around US$250 MTU highlighting that the
economics have changed significantly warranting a reassessment
of the projects’ potential.
Following this technical review, the Directors are of the view
that field activity be commenced as soon as the Exploration
Licence is granted. The proposed work program will include
detailed geological mapping of the area, specifically to
outline all the wolframite bearing lenses, and then conduct
a drilling program to seek an extension of the subsurface
mineralisation. Larger samples also will be collected to
confirm the extensive metallurgical work previously
undertaken. In conjunction with this, a geochemical
sampling program over soil and streams across the
tenement will be undertaken to help locate nearby
concealed tungsten mineralisation.
Callie Soak Project – Technical Information
The information presented below is historical information
that has been collected from previous company technical
reports in relation to the project.
Wolframite (tungsten mineral) bearing quartz veinlets are
hosted in lensoid shaped quartz-bitotie-topaz greisen zones,
within steeply dipping shears in porphyritic granite to granite
gneiss. There a number of these wolframite bearing lenses,
with the largest known lens called Martin’s Lode. The
Martin’s Lode Lens has a reported length of 85 metres and is
up to 36 metres wide. In 1951, a 369 tonne bulk sample of
material from Martin’s Load was treated at the Cue State
Battery and provided a weighted average grade
(recovered plus tails) of 0.32% WO3.
A total of eight percussion drill holes and five diamond
cored drill holes were completed on Martin’s Lode during
the period 1969 to 1970 by previous explorers. A summary of
the reported drill hole details is provided in Table 1 below.
Table 1 - Significant assays from historical drilling
CSPH-1 30.5m @ 0.29 WO3% from 0-30.5m in
(including 9.2 m @ 0.60%WO3 from 9.1-18.3m)
CSPH-2 29.9m @ 0.39 WO3% from 0-29.9m
CSPH-3 30.5m @ 0.33 WO3% from 0-30.5m
CSPH-4 30.5m @ 0.26 WO3% from 0-30.5m
CSPH-6 30.5m @ 0.48 WO3% from 0-30.5m
CSDDH-1 29.0m @ 0.38 WO3% from 1.2-30.2m
CSDDH-2 29.3m @ 0.40 WO3% from 1.2-30.5m
(including 3.0m @ 1.77%WO3 from 5.8-8.8m)
CSDDH-4 38.5m @ 0.35 WO3% from 9.1-47.6m (angled
hole)
The above weighted average assay intervals include the entire
length of percussion drill holes (prefixed CSPH), all of which were
terminated whilst still in significant mineralisation zones. A listing
of drill holes completed around Martin’s Lode is set out in
Appendix 1 and it should be noted that drill holes CSPH-5, CSPH-
7, CSPH-8, DDHSC-5 and DDHSC-6 were drilled outside the
mineralised lens and intercepted no significant tungsten.
A second small bulk sample of 5.9 tonnes, together with
additional drill hole material was subjected to metallurgical
examination in 1970 and this showed by means of table
concentration, magnetic separation, and flotation, that a final
concentrate assaying at least 68.5% WO3 could potentially be
obtained. Later that same year a pit design and feasibility study
was completed on Martin’s Lode, based on the drilling results
provided. The final conclusion reached in 1972 was that an
improvement in the tungsten metal price is necessary before the
Callie Soak deposit can be economically mined.
Summary
With the completion of due diligence and execution of the formal
agreement, Hawk is now well placed to quickly advance
exploration work on the Callie Soak project. The technical
information from both the historical drilling completed around
Martin’s Lode and the previous bulk sampling and metallurgical
work undertaken, has provided significant encouragement for the
Company to push forward aggressively and commence work as
soon as the tenement is granted which is anticipated to be in
2008.
Appendix 1 – Historic Callie Tree Soak drill holes
Hole Hole Local Local Depth RL Dip Azimuth
Name Type East (m) North (m) (m) (m) Angle Local
CSPH-1 P 1539.2 3121.2 30.48 502.7 -90 -
CSPH-2 P 1524.0 3121.2 29.87 502.7 -90 -
CSPH-3 P 1541.4 3096.8 30.48 502.4 -90 -
CSPH-4 P 1524.0 3096.8 30.48 502.4 -90 -
CSPH-5 P 1539.2 3072.4 30.48 501.1 -90 -
CSPH-6 P 1524.0 3072.4 30.48 500.5 -90 -
CSPH-7 P 1508.8 3072.4 30.48 499.9 -90 -
CSPH-8 P 1524.0 3048.0 27.43 499.6 -90 -
CSDDH-1 D 1541.1 3121.2 30.18 502.7 -90 -
CSDDH-2 D 1527.4 3072.4 30.48 500.5 -90 -
CSDDH-4 D 1553.0 3096.8 90.22 502.4 -60 270
DDHSC-5 D 1579.5 3121.2 121.92 502.4 -51 270
DDHSC-6 D 1566.7 3072.4 121.92 500.5 -52 270
The above information includes all historical drill holes around
Martin’s Lode. Drill hole type is P for percussion and D for
diamond cored. Coordinates are on a local grid established in
1969, with grid north orientated approximately northeast. The RL
of the drill collars is based on an arbitrary elevation.
For more information contact:
Harry Hill (Executive Chairman)