The Hatchet is an axe with a wooden shaft and a simple metal blade.
This is a Prophecies campaign item.
Other axes with this appearance:
Hatchets are a random drop. They do not seem to be more or less common in any particular area.
- Prophecies campaign
Dyeing a Hatchet changes the shaft to the color of the dye, though the original "wooden" color may interfere with some dye colors. The axe blade changes very little, if at all.