Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Scorpion Minerals Limited ( (AU:SCN) ) just unveiled an announcement.
Scorpion Minerals has secured up to $196,505 in co-funding from Western Australia’s Exploration Incentive Scheme to undertake a high-resolution airborne magnetic and radiometric survey over its Pharos Gold Project and the adjacent Jungar Flats JV area. The program, complemented by detailed lithostructural analysis and expanded high-resolution satellite imagery, is designed to refine targets across the company’s extensive Murchison landholding and enhance understanding of the Big Bell–Dalgaranga shear corridor.
Alongside the geophysics work, Scorpion is advancing near-term exploration and development at the Old Prospect, with an exploration target definition nearing completion and mining studies under way to support a mining lease application. Additional RC and diamond drilling, detailed geological mapping and follow-up campaigns across several regional targets are scheduled for this quarter, positioning the company to accelerate resource delineation and progress project development in a highly prospective gold district.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is an Australian exploration company focused on gold and base metals, with its flagship Pharos Gold Project located in the Murchison region of Western Australia. The company has assembled the largest landholding along the underexplored Dalgaranga–Big Bell shear corridor and is advancing multiple prospects, including the Old Prospect and Jungar Flats joint venture, through drilling and early-stage development studies.
Average Trading Volume: 471,985
Technical Sentiment Signal: Sell
Current Market Cap: A$16.81M
Learn more about SCN stock on TipRanks’ Stock Analysis page.