Shares of Metal Hawk saw an increase of as much as 15% to A$0.115, marking the largest intraday percentage jump since September 8.

The mineral exploration company confirmed the completion of an electro-magnetic survey at the Yarmany tenement area, a part of their Yarmany project in Western Australia.

Metal Hawk (ASX:MHK) reported the discovery of strong bedrock conductors in the area, considered to be high priority targets for drilling.

Furthermore, rockchip samples from the Reptile Dam prospect within the project have exhibited extraordinarily anomalous results for both nickel and copper.

Despite these recent gains, the company’s shares are down 39.4% year-to-date from the last recorded close.

Metal Hawk (ASX:MHK) is a mineral exploration company known for its efforts in developing projects in Western Australia.