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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
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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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