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Scorpion Minerals Limited (ASX:SCN)

ALERT: Price-sensitive ASX Announcement for SCN
Current share price for SCN : $0.026 -0.008 (-23.53%)+
Announcement
Release
20 Apr 2026 8:22AM
Price at Release
$0.034
Full Release
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Summary
On April 20, 2026, Scorpion Minerals Limited announced the completion of a Mining Lease Application by Ozz Resources Limited over the Old Prospect Gold Tenements in Western Australia. Scorpion has executed a binding option agreement to acquire these tenements, which are located within Scorpion's Pharos Gold Project. The Old Prospect tenement areas have been approved for sale to Scorpion, with a combined JORC 2012 compliant Mineral Resource Estimate of 312,400 tonnes grading 2.15 g/t Au for 21,600 ounces of gold. Exploration activities, including drilling and mining studies, are planned to commence soon. Scorpion has also built the largest landholding along the Dalgaranga–Big Bell shear corridor, with plans for additional drilling campaigns in key target areas.
Key Points
  • Mining Lease Application completed by Ozz Resources Limited.
  • Binding option agreement executed with Ozz Resources for tenements.
  • Ozz Resources approved the sale of 100% of the Old Prospect tenement area.
  • Old Prospect tenements have a JORC 2012 compliant Mineral Resource Estimate.
  • Scorpion will commence drilling and mining studies.
  • Scorpion holds the largest landholding along the Dalgaranga–Big Bell shear corridor.
  • Additional drilling campaigns planned within the Pharos Project area.
  • Strategic MOU agreement with Gylden Resources Pty Ltd.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.