Who we are

Scorpion Minerals Limited (ASX:SCN) are an Australian mineral exploration and resource development company with a focus on creating wealth for shareholders through the discovery of world-class deposits, over a diversified range of minerals. Our current efforts are centred on our Pharos and Youanmi Projects, located in the Murchison Province of Western Australia. 

The Pharos Project

The Pharos Project consists of 1,335 square kilometres of granted tenure, located northwest of the small mining town of Cue (approximately 50 km) in the Murchison Mineral Field. The project is easily accessible from the Great Northern Highway by the sealed Jack Hills Mine access road and then by unsealed tracks. Scorpion holds a 100% interest in the project.

The project is prospective for lithium, PGE-Ni-Cu, gold, iron ore and VMS hosted Cu-Zn-Ag-Au mineralisation, and contains the Mt Mulcahy deposit. The ‘South Limb Pod’ zone of mineralisation at Mt Mulcahy contains a JORC 2012 Measured, Indicated and Inferred Resource of 647,000 tonnes @ 2.4% copper, 1.8% zinc, 0.1% cobalt and 20g/t Ag.

The Youanmi Project

The highly prospective Youanmi Project covers an area of 177 square kilometres, and is located 450 km northeast of Perth in the East Murchison Mineral Field. The tenure covers the northern part of a 20 km long lithium corridor, and is also prospective for PGE-Ni-Cu and Vanadium.

Field reconnaissance work has confirmed extensive LCT pegmatite swarms at Youanmi. Individual pegmatites are up to 1000 m long and surface exposures suggest widths from 5 m to 15 m wide. The pegmatites are shallow east dipping and exhibit mineral zonation both of which are important characteristics of significant LCT systems.

Exploration Overview

The following activities are planned to take place at Pharos and Youanmi over the next 12 months.

Lithium

  • Continue all sampling, drilling, mapping programs and metallurgy work to determine system extent and priority targets.
  • Continue detailed evaluation study incorporating metallurgy of Pharos and Youanmi projects.
  • Continue consolidation of Western Australia portfolio of quality lithium assets capable of early development.
  • Ongoing conversations with existing relationships for potential offtake to provide funding

PGE & Base Metals

  • Expand exploration program to identify full potential of Pharos project
  • RC drill test existing targets
  • Conclude partnership discussions to support project development

Gold

  • Continue to identify controls on mineralisation identified to date