Scorpion Minerals Limited, formerly Pegasus Metals Limited is an Australia-based company, which is engaged in exploration for mineral resources. The Company focuses on exploration at the Mt Mulcahy Copper Project (Murchison, Western Australia). The Company's Mt Mulcahy Copper Project is located approximately 45 Kilometers northwest of the mining town of Cue in the Murchison province, Western Australia. The Mt Mulcahy Copper project area is prospective for Volcanogenic Massive Sulfide (VMS) style base metal mineralization. The Mt Mulcahy Project hosts the Mount Mulcahy copper-zinc deposit, a VMS zone of mineralization. The Company focuses on the exploration or mining project acquisitions, with a particular focus on copper and other base metals. It focuses on the projects located in the Murchison district for opportunities.