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Sipa Resources MD demonstrates confidence in exploration strategy with on-market purchase

The company is focused on exploration of its Murchison, Skeleton Rocks and Barbwire Terrace projects in Western Australia.

Sipa Resources Ltd -
Aircore drilling is underway on Sipa’s Murchison earn-in project.

Sipa Resources Ltd (ASX:SRI) (FRA:SPO) managing director Pip Darvall has demonstrated his confidence in the company’s gold and base metals exploration strategy with the purchase of shares in on-market transaction.

Between March 26 and 29, Darvall acquired 155,176 shares in an indirect interest, increasing the total number of securities held to 663,779 shares.

First drill program completed at Murchison

The company is progressing exploration across its Western Australian tenement portfolio, testing multiple new gold and base metal targets.

Sipa has completed its first drill program for 2021 at the Murchison Gold Project farm-in and is gaining the necessary approvals and permits for additional drill programs. 

The company has also identified drill targets at its Skeleton Rocks and Barbwire Terrace projects. 

Additionally, several of Sipa’s WA tenement applications are expected to be granted in the coming months, including at the Warralong, Barbwire Terrace and Wolfe Basin projects, which will lead to additional activities on the ground in these areas.

Quick facts: Sipa Resources Ltd

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Price: 0.063 AUD

Market Cap: $11.31 m

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