Scorpion Minerals Limited announced that key tenement E20/948, part of the Pharos Gold and Base Metals Project has been granted. The tenement is under an Option to Acquire from Element 25. The Company received formal communication of the grant of E20/948 from Element 25 on the 21st January 2020 and has exercised its option under the terms of the Call Option Agreement. Under the terms of the Agreement, the Company will pay Element 25 $15,000 within 7 days for the option, and now enters a 9-month option period during which it can exercise the option to acquire 100% of the tenement through a further payment of $75,000. The Company has undertaken a review of existing data for the tenement and has identified a number of key targets. Planning is already well advanced for field reconnaissance activities to commence at the end of this month. These activities will support further geological understanding and assist in planning for drilling to commence immediately after necessary clearances are obtained. E20/948 covers over 204 km2 of the total 384 km2 of the Pharos Project and is contiguous with 58 km2 of granted SCN tenure (E20/931) which contains the Mt Mulcahy copper-zinc volcanic-hosted massive sulphide (VMS) deposit. This zone of mineralisation contains a JORC 2012 Measured, Indicated and Inferred Resource of 647,000 tonnes @ 2.4% copper, 1.8% zinc, 0.1% cobalt and 20g/t Ag at the `South Limb Pod'.