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Scorpion Minerals Limited (ASX:SCN)

ALERT: Price-sensitive ASX Announcement for SCN
Current share price for SCN : $0.026 -0.007 (-21.21%)+
Announcement
Release
30 Apr 2026 5:36PM
Price at Release
$0.033
Full Release
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Summary
In the quarter ending March 31, 2026, Scorpion Minerals Limited continued its strategic activities in the Murchison Mineral Field, notably through a binding option agreement with Ozz Resources to acquire the Old Prospect tenements, which include significant gold resources. The company has also engaged in discussions with Gylden Resources to utilize the Kirkalocka Processing Plant for ongoing projects. Scorpion is advancing its exploration at the Pharos Project, with plans for extensive drilling and geophysical surveys. The quarterly cash flow report shows net cash used in operating activities amounted to $241,000, with financing activities providing $322,000. The company maintains a focus on gold, copper, and lithium opportunities, seeking to expand its exploration and resource potential in Western Australia.
Key Points
  • Scorpion Minerals Limited is acquiring the Old Prospect tenements from Ozz Resources.
  • The Old Prospect area hosts significant gold resources.
  • Discussions are in progress with Gylden Resources for processing options at Kirkalocka Plant.
  • Scorpion plans extensive drilling and geophysics surveys at the Pharos Project.
  • Net cash used in operating activities was $241,000 this quarter.
  • Financing activities provided $322,000 net cash.
  • The company is focusing on gold, copper, and lithium opportunities in Western Australia.
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.