Scorpio Weighs Gold Wedge Underground Restart After Higher Grade Drilling

Scorpio Gold is evaluating a low-capex, non-dilutive restart of its permitted Gold Wedge underground mine after diamond drilling showed 2-3x higher grades than historic estimates.

• Higher diamond-drill grades: A Gold Wedge hole returned 36.4m at 2.94 g/t gold from 169m, with diamond drilling showing 2-3x higher grade than older RC drilling in some resource blocks.
• Possible underground restart: Scorpio is studying a non-dilutive restart of the permitted Gold Wedge underground mine, leveraging existing portal, mill, and historic 2012 underground workwork to cut capex and timeline.

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