Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Kitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$15.2m market cap, or US$11.0m). Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Kitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Kitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 27
Scorpion Minerals Limited, Annual General Meeting, Nov 26, 2025 Scorpion Minerals Limited, Annual General Meeting, Nov 26, 2025. Duyuru • Apr 01
Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million. Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,500,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Mar 27
Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million. Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,500,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 24
Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.795 million. Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.795 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 89,750,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 14
Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Sep 26
Scorpion Minerals Limited, Annual General Meeting, Nov 20, 2024 Scorpion Minerals Limited, Annual General Meeting, Nov 20, 2024. New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.9m market cap, or US$7.86m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Dec 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.36m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.2m market cap, or US$9.36m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Nov 22
Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Scorpion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Nov 11
Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Scorpion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.05
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Oct 05
Scorpion Minerals Limited, Annual General Meeting, Nov 30, 2023 Scorpion Minerals Limited, Annual General Meeting, Nov 30, 2023. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mike Kitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 08
Scorpion Minerals Limited Commences Reverse Circulation Drilling at its Recently Acquired Youanmi Lithium Project (Youanmi) in Western Australia Scorpion Minerals Limited announced that Reverse Circulation (RC) drilling has commenced at its recently acquired Youanmi Lithium Project (Youanmi) in Western Australia. The highly prospective Youanmi Project comprises E57/978, E57/1049 and E57/1056 (the Tenements) and covers an area of 279km2 located 450km northeast of Perth in the East Murchison Mineral Field. The RC drill programme at Youanmi comprises up to 12 holes for approximately 1,500 metres. Drilling will test down dip of mineralisation intersected in historic drilling on a number of east -west traverses. One drill section will test targets west and east across strike from the existing outcropping pegmatites. Initial field reconnaissance work competed by Scorpion has confirmed extensive stacked LCT pegmatites at Youanmi. Individual pegmatites are up to 1000m long and surface exposures suggest widths from 5m to 15m wide. The pegmatites are shallow east dipping and exhibit mineral zonation both of which are important characteristics of significant LCT systems. Following the initial project assessment and a detailed technical review by Scorpion's lithium technical advisor, Youanmi presented as an opportunity to actively participate in a region of growing significance for lithium mineralisation in WA. Youanmi sits at the northern end of a 20km long corridor of Lithium, Caesium, Tantalum ("LCT") pegmatite intrusions that have delivered significant results for other explorers at the southern end of the trend. Limited historic exploration at Youanmi includes: Geological mapping Rock chip sampling, Airborne magnetic surveys, Reverse Circulation (RC) drilling Geological mapping has identified a 3km long zone of intermittent outcropping LCT pegmatites located about 1km east of a contact between a late stage granite and the Youanmi Layered Mafic Complex. The late stage granite exhibits course grained textures and enrichment in elements such as fluorine suggesting that it is the source of the LCT pegmatites to the east. This relationship appears to hold regionally as LCT pegmatite swarms have been discovered by Aldoro Resources on the west side of the late granite within the Windimurra complex. Rock chip sampling was completed in two phases within the zone described above, identifying significant lithium mineralisation at Youanmi. A total of 24 rock chip samples were taken with 18 samples returning values ranging from 0.58% to 4.22% Li2O. Preliminary evaluation of airborne photography indicates there are zones of outcrop north of this zone that warrant follow up mapping and sampling. RC drill testing at Youanmi consisted of 54 holes (19MYRC005 to 19MYRC058) drilled in wide spaced fences along the 3 km long zone with the majority drilled in the southern half of the trend. Significant intercepts included: 8m @ 1.39% Li2O from 8m, 6m @ 1.61% Li2O from 22m, 7m @ 1.42% Li2O from 20m, 7m @ 1.38% Li2O from 0m, 6m @ 1.64% Li2O from 11m, 6m @ 1.35% Li2O from 62m Mapping and RC drilling have so far has confirmed multiple LCT zones that are oriented sub-parallel to the granite contact and are shallow dipping to the east or oriented east-west of unknown dip requiring further detailed investigation. It is important to note that exploration by other explorers to the south has identified significant LCT mineralisation in east-west oriented pegmatites. Shallow dipping pegmatite orientation is a characteristic of significant LCT pegmatite systems. Exploration at Youanmi and in the region has confirmed the presence of lepidolite, petalite and possible spodumene suggesting the presence of zonation within the LCT pegmatites either across their width and/or along strike. Future exploration will focus on determining the zonation trend in order to identify high priority targets. In addition, the tenements are prospective for PGE-Ni-Cu, Base Metal (Zn-Cu-Ag-Au) and Vanadium mineralisation hosted by either the Youanmi Layered Mafic Complex or the adjacent greenstone sequence. South of Youanmi lies Metal Australia's Manindi project (PGE-Ni Cu and Base Metals) and Venus Metal's Vidure prospect (BGE- Ni-Cu). The northern part of Youanmi contains the western extension of the sequence that hosts Venus Metal's Youanmi Vanadium deposit. Further evaluation of the potential for Vanadium, PGE-Ni-Cu and Base Metal mineralisation will be undertaken simultaneously with lithium exploration. Scorpion plans to undertake the following work programmes in First Quarter 2023 and regular updates on progress will be provided:RC drilling of existing targets down dip and across strike to identify parallel pegmatites. Follow up geological mapping and rock chip sampling (underway).High resolution Airborne photography if required. Auger soil geochemistry aimed at identifying additional pegmatites under shallow soil cover. Initial Diamond drill testing of existing targets at depth. Airborne and/or Ground EM surveys. Board Change • Oct 02
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Craig Hall is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Chairman Bronwyn Barnes was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 