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Why Did OZZ Resources Grant Scorpion Minerals a $2.6M Option on Key Tenements?

9:57am on Tuesday 23rd of December, 2025 AEDT Mining
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Why Did OZZ Resources Grant Scorpion Minerals a $2.6M Option on Key Tenements?

9:57am on Tuesday 23rd of December, 2025 AEDT
Key Points
  • Exclusive option granted to Scorpion Minerals to acquire 100% of OZZ’s tenements
  • Initial $100,000 option fee plus $2.5 million consideration payable in cash or shares
  • Option valid until December 22, 2026, with possible extension tied to mining lease grant
  • Acquisition subject to shareholder approval under ASX Listing Rule 11.2
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