Variscan Mines Limited, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for copper, gold, zinc, lead, and uranium deposits. It owns interests in the Novales/Udias and Guajaraz projects located in Spain; the Rosario project located to the east of the port city of Chanaral, Chile; and the Junction Dam, Hillston, and Callabonna tenements located in Australia.