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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 of discovery.
In the 1990s Sipa discovered the Panorama Copper-Zinc VMS Province and the Ashburton Gold Province, where the company established profitable gold operations up until mid 2004.Since 2012, Sipa has been exploring the Kitgum Pader Basemetals & Gold Project in Uganda where it holds over 2000 sq km of exploration tenements. A number of discoveries have been made including:
In 2016, following the comprehensive target generation and opportunity identification exercise, Sipa secured the Paterson North Project in Western Australia comprising of a 100% owned Sipa tenement application and a JV with Ming Gold Pty Ltd to earn an 80% interest in its Great Sandy Copper - Gold project. The Paterson North project provides a significant foothold in a under-explored area of the emerging Paterson gold-copper province. Significantly, Paterson North Project geology is interpreted to be the same prospective geological sequence which hosts world class Au and Cu deposits such as Newcrest’s giant (+20Moz) Telfer gold-copper-silver mine 120 km to the south.
Sipa has now drilled a compelling copper and polymetallic target occuring over a strike length of 4km.