Scorpion Minerals (ASX:SCN) shares witnessed a significant rise of as much as 8.1% to A$0.067, marking their biggest intraday gain since July 24 due to a positive update from recent drilling practices.
The lithium exploration company reported favorable outcomes from the latest drilling results at the Youanmi lithium project located in Western Australia.
The drilling results continue to reveal considerable high-grade lithium mineralisation, according to the company.
Despite this, Scorpion Minerals has faced a downtrend this year, with a fall of 11.4% as of the previous close.
Scorpion Minerals (ASX:SCN) is a lithium exploration company, focusing on the extraction of high-grade lithium through advanced mining techniques.