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Sipa Resources sharpens focus on WA with sale of Ugandan nickel-copper project

Sipa Resources Ltd (ASX:SRI)'s Pip Darvall says they'll increase focus on its extensive Western Australian portfolio of gold and base metal projects after arranging the sale of the Akelikongo Nickel-Copper Project in Uganda to London Stock Exchange listed Blencowe Resources PLC (LSE:BRES). The terms of the staged option agreement will see Sipa receive US$1.5 million in Blencowe shares staged over four separate milestones, assuming successful advancement through all four stages.

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Sipa Resources keen to begin exploration on the flagship Paterson North...

Sipa Resources Ltd (ASX:SRI)’s Pip Darvall discusses the recent approval of a program of works for the flagship Paterson North Copper-Gold Project, a farm-in joint venture being developed in partnership with Rio Tinto Exploration Pty Limited. The company has already secured a drill rig, and...

3 weeks, 6 days ago

2 min read