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Sipa Resources focuses on West Australian assets in-line with strategy to advance large-scale ground holdings in under-explored areas

Last updated: 09:42 04 Mar 2024 AEDT, First published: 14:25 29 Jun 2022 AEST

Snapshot

  • Sipa Resources regains control of Paterson North Copper-Gold Project
  • Sipa Resources lands first two Warralong Project tenements paving the way for drill permitting
  • Sipa Resources MD talks compelling portfolio of assets in WA
Sipa Resources Ltd - Sipa Resources says coming year shaping up to be one of very active exploration after year of challenge and transformation

About the company

Sipa Resources Ltd (ASX:SRI) is an Australian-based exploration company focused on the discovery of gold and base metal deposits in Western Australia.

How it is doing

04 Mar 2024

Sipa Resources Ltd (ASX:SRI) has regained 100% ownership and control of the Paterson North Copper-Gold Project in Western Australia’s Paterson region, where it continues to test the many targets across the project area. 

Between August 2020 and February 2024, the project was explored under a farm-in and joint venture agreement with Rio Tinto Exploration (RTX), a Rio Tinto subsidiary.

Over that period, RTX spent $6.2 million on geophysical surveys, targeting studies, heritage surveys and two rounds of drilling and identified several additional targets. RTX recognised that multiple untested areas remain within the project, which continues to offer significant potential for a world-class discovery.

Now, having assessed its global exploration priorities, RTX will instead focus its exploration efforts on other projects within its portfolio and is withdrawing from the Paterson North farm-in from March 15, 2024. 

18 Jan 2024

Sipa Resources Ltd (ASX:SRI) has enhanced the geological capabilities of its management team through the appointment of highly experienced geologist Anna Price as exploration manager, commencing immediately.

She brings a strong mix of technical skills, management experience and diverse commodity exposure to the ASX-listed explorer.

08 Jan 2024

Sipa Resources Ltd (ASX:SRI) recently completed the first-ever two-hole diamond drilling program at the Paterson North Project’s Rim and Jumper targets in the Paterson Province of northern Western Australia.

The initiative was part of the Farm in and Joint Venture Agreement with Rio Tinto Exploration Pty Limited (RTX). The drilling aimed to explore potential copper and gold deposits.

Insight: Sipa Resources lands first two Warralong Project tenements paving the way...

16 Jul 2021

Sipa Resources Ltd (ASX:SRI) (FRA:SPO) has been granted the first two Warralong Project tenements in the Pilbara region of Western Australia, marking a big step forward and paving the way for drill permitting to begin immediately.

The 100%-owned tenements contain drill targets prospective for Hemi-style gold and pegmatite-hosted lithium, with the company planning to target untested intrusions interpreted from its 2020 aeromagnetic survey along the major Lalla Rookh Shear Zone and associated splay faults.

What management says

07 Dec 2023

Sipa Resources Ltd (ASX:SRI) MD Andrew Muir speaks with Proactive soon after taking on the role of MD - replacing Pip Darvall, who stepped down after a four-year tenure. Darvall will remain part-time during an interim period to ensure a seamless transition of leadership. Muir says the company has a compelling portfolio of assets in well-established exploration regions in WA, including strategic JV partnerships and he’s looking forward to working with the board and management team to unlock value for shareholders.

Sipa Resources MD talks compelling portfolio of assets in WA

Sipa Resources Ltd (ASX:SRI) MD Andrew Muir speaks with Proactive soon after taking on the role of MD - replacing Pip Darvall, who stepped down after a four-year tenure. Darvall will remain part-time during an interim period to ensure a seamless transition of leadership. Muir says the company...

on 7/12/23