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Fenix Resources and Scorpion Minerals expedite drilling over Pharos Iron Ore Joint Venture
The iron ore joint venture, which forms part of Scorpion’s Pharos Project, spans 373 square kilometres and lies immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with multiple iron ore targets already identified across 15 kilometres of strike. Fenix and Scorpion are actively exploring the Pharos Iron Ore Joint Venture region.
Fenix Resources Ltd (ASX:FEX) and Scorpion Minerals Ltd (ASX:SCN) have fast-tracked a drill program at the Pharos Iron Ore Joint Venture (JV) asset following a review of historical drilling data.
During the evaluation, the partners identified two iron ore target areas within the JV’s southern Weld Range region, specifically at the Iron Ridge Extension and Ulysses prospects.