Listing on the Australian Stock Exchange in 1987, Sipa Resources Limited (ASX Code: SRI) is a Perth-based Australian gold, base metals and nickel exploration company with a proven track record.

Sipa in the 1990s found the Panorama Copper-Zinc VMS Province and the Ashburton Gold Province, where the company produced profitable gold to mid 2004 from its discoveries.

Sipa’s present leading projects are in three of the ‘Hottest Exploration Spots’ in Australia:

The Thaduna Copper Project in WA’s Gascoyne Region is only 25 kilometres east of the high grade DeGrussa-Conductor 1 Copper-Gold discovery and recent Sipa geological, geochemical and geophysical surveys are outlining some very exciting drilling targets. The main Tenement Holders in the Doolgunna District are here.

The Ilgarari Copper Project covering 985 sq km is located adjacent to, and northeast of, historic copper workings about 150 kilometres north of Thaduna in Western Australia. Like Thaduna, the area has the potential to host major copper deposits and SEDEX-class lead-zinc deposits.

The Tennant Creek Gold and Copper Projects are within the northwestern, and underexplored, extension of the ‘Company-Making’ Tennant Creek Goldfield – the Juno mine helped make the Peko Wallsend company and White Devil made Normandy.

Sipa's Greenfields Exploration Strategy

Sipa is a committed explorer dedicated to ‘Greenfields Discovery’ and has a history of success at the Panorama VHMS discoveries and the Paraburdoo Gold Project Mines.

Such discoveries have enormous leverage for shareholders. One need only look at Sandfire’s recent
success through discovery, or at Sipa’s ‘best performer on the ASX in 1990’, and as a top achiever in 2001, based on the Panorama and Waugh Gold Deposit greenfields discoveries, for the impact on share price.

Greenfields exploration takes time to ‘identify where it is best to be’, then to do the ‘methodical, hard and systematic work’ to set up the ‘possibility of discovery through drilling.’ This is precisely
the type of exploration we are doing at Woodline, Thaduna, and Tennant Creek and in evaluating other possibilities.

It is worth noting that at Thaduna and Woodline, Sipa is getting results as good, if not better, than Sandfire and Tropicana got when at a similar stage in their Greenfields exploration of those two exciting finds.

Woodline and Thaduna, in particular, are well set up for deeper, ‘discovery drilling’ this year, as well as for continued systematic work to line up new drill targets.