Metal Hawk Limited has detailed an exciting phase in its exploration efforts at the Leinster South project in Western Australia. Using extensive mapping, geochemical surveys, and rock chip sampling, the company has identified new gold targets near the Thylacine and related prospects, including a new White Tiger prospect located about one kilometer east of Thylacine. Rock chip assay results are impressive, with standout values of 40.22 g/t Au reported at White Tiger, and multiple high-grade samples at Thylacine, which have expanded the mineralized trend to an area of approximately 900 by 150 meters. Preparations are well underway for an initial 5,000-meter reverse circulation drilling program that will test these high-grade targets, specifically focusing on the Thylacine and Siberian Tiger prospects. In addition, Metal Hawk Limited has been awarded a co-funding grant of up to $180,000 through the WA Government’s Exploration Incentive Scheme. This funding supports an early diamond drilling program, scheduled to commence in the third quarter of 2025. Meanwhile, a comprehensive regional soil sampling campaign has recently been completed, with over 2,350 samples collected to refine and expand future gold target areas. The company’s Managing Director, Will Belbin, emphasized that ongoing field activities, supported by an established field camp and detailed heritage surveys, have positioned Metal Hawk Limited to advance forward into its maiden drilling phase. These developments are seen as positive indicators of the project’s potential, building on high-grade surface discoveries from 2024 and promising a substantial near-surface gold system in a world-class exploration region. Bullish sentiment comes from the strong technical indicators displayed in the recent assay results, the expansion of gold mineralization at Thylacine, and the strategic support provided by government co-funding. These elements suggest that Metal Hawk Limited is well poised to capitalize on future drilling successes. Conversely, bearish sentiment may stem from the inherent risks associated with early-stage exploration programs, including the uncertainty of converting high-grade surface results into a viable resource and the challenges that remain before the company can transition to full-scale production.