- Scorpion Minerals (SCN) appoints Australian mining and lithium industry executive Michael Fotios as CEO to drive development of Murchison lithium portfolio
- Mr Fotios has a strong track record taking projects from exploration through to production
- Upon his appointment, he is expected to advance the company’s multiple projects in Western Australia
- Mr Fotios will lead an expanded management team that includes experienced mining industry executives.
- Scorpion Minerals (SCN) is up 4.6 per cent, trading at 6.8 cents at 3:00 pm AEST.
Scorpion Minerals (SCN) has appointed highly experienced mining industry executive Michael Fotios as Chief Executive Officer, with immediate effect.
Mr Fotios has an extensive track record of taking projects from discovery through to development and production – specifically in the lithium sector – where he founded and directed the newly merged entity Allkem (AKE), the fifth largest lithium producer internationally with a market capitalisation of $9.81 billion.
He said he is “truly excited” to be joining Scorpion.
“It has established an enviable exploration footprint in the Murchison Region of WA, with the results from exploration work completed to date clearly demonstrating the potential for an economic lithium discovery to be hosted within our tenure”.
During his appointment, Mr Fotios will lead an expanded management team that includes experienced mining industry executives.
He is expected to advance the company’s Youanmi and Pharos projects in the Murchison Region of WA, as well as pursue and develop additional project opportunities that complement SCN’s existing strategy.
Scorpion Minerals was up 4.6 per cent, trading at 6.8 cents at 3:00 pm AEST.