Atlas Copco Secoroc AB are searching after new bulk materials for drill heads that are used in percussive drilling in order to improve their strength and durability. The aim of this project is to assist Atlas Copco in this search and provide them with further information regarding material properties, alloying elements, suppliers, etc. A literary study was carried out in order to identify materials that had UTS and KIC more than or equal to 1700 MPa and 70 MPa*m^1/2, respectively. Materials that fulfilled these criteria were T250 grade maraging steel, Cobalt free maraging steel, High cobalt maraging steel, 300 grade maraging steel, AerMet 100, AF1410, S53, M54, 300M, 4340M and PremoMet. These were categorized into maraging steels, high alloy secondary hardened steels, and low alloy steels, and were then further researched. The material with the highest combination of UTS and KIC was M54 followed by AerMet 100; while AF1410 had the highest KIC but a low UTS, and PremoMet had the highest UTS but a low KIC. Maraging steels and HASH steels have a similar price range, while low alloy steels are much cheaper.