Strategic Consolidation and Growth at the Pharos Gold Project.
Scorpion Minerals Limited (ASX: SCN) has strengthened its strategic position in Western Australia’s Murchison region by entering a binding option agreement with Ozz Resources Limited to acquire the Old Prospect gold tenements within its Pharos Gold Project. The transaction consolidates tenure across the highly prospective 5km Cap Lamp–Middle Bore trend, enhancing Scorpion’s control over a largely underexplored section of the Dalgaranga–Big Bell shear corridor. Old Prospect hosts a JORC 2012 compliant Mineral Resource of approximately 312,400 tonnes at 2.15 g/t gold for 21,600 ounces, with a substantial 72% classified in the higher-confidence Indicated category. Historic drilling has demonstrated consistent shallow and high-grade gold mineralisation that remains open along strike and at depth, supporting further resource growth potential. During the option period, Ozz will advance a mining lease application while Scorpion progresses infill drilling, extension programs and mining studies. The acquisition also aligns with Scorpion’s broader development strategy, supported by a strategic MOU that provides potential future processing optionality through nearby established infrastructure.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Strategic Consolidation and Growth at the Pharos Gold Project.
Scorpion Minerals Limited (ASX: SCN) has strengthened its strategic position in Western Australia’s Murchison region by entering a binding option agreement with Ozz Resources Limited to acquire the Old Prospect gold tenements within its Pharos Gold Project. The transaction consolidates tenure across the highly prospective 5km Cap Lamp–Middle Bore trend, enhancing Scorpion’s control over a largely underexplored section of the Dalgaranga–Big Bell shear corridor. Old Prospect hosts a JORC 2012 compliant Mineral Resource of approximately 312,400 tonnes at 2.15 g/t gold for 21,600 ounces, with a substantial 72% classified in the higher-confidence Indicated category. Historic drilling has demonstrated consistent shallow and high-grade gold mineralisation that remains open along strike and at depth, supporting further resource growth potential. During the option period, Ozz will advance a mining lease application while Scorpion progresses infill drilling, extension programs and mining studies. The acquisition also aligns with Scorpion’s broader development strategy, supported by a strategic MOU that provides potential future processing optionality through nearby established infrastructure.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au