Pharos Iron Ore Jv
Scorpion - Fenix
Scorpion Minerals Limited has agreed an exploration programme with Fenix Resources Limited (Fenix) (ASX: FEX) for the Iron Ore JV at its Pharos Project. The JV area totals around 373 km2 and is immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with iron ore targets totalling 15 strike kilometres already identified.
Scorpion will manage, plan and execute the early phase of exploration at the Pharos Iron Ore JV. This early phase of exploration will include detailed airborne air photography/magnetics, geological mapping, rock chip sampling and RC drilling of targets identified.