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Scorpion Minerals Secures 70% Stake in Jungar Flats, Drilling to Start Soon

10:01am on Friday 14th of February, 2025 AEDT Mining
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Scorpion Minerals Secures 70% Stake in Jungar Flats, Drilling to Start Soon

10:01am on Friday 14th of February, 2025 AEDT
Key Points
  • Farm-in/JV agreement with E79 Gold Mines to acquire up to 70% of Jungar Flats Project
  • Murchison landholding expanded to 1,600 km², largest along Big Bell-Dalgaranga shear corridor
  • Placement raised $1.5 million at a 33% premium to fund exploration and JV consideration
  • Imminent RC drilling planned on multiple high-grade gold targets with historic strong intercepts
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