CURRENT MAIN PROJECTS

Exploration Strategy and Types of Orebodies Sought

Thaduna Copper Projects

Ilgarari Copper Projects

Tennant Creek Gold and Copper Projects

Woodline Gold and Basemetals Project

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 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.

The Woodline Gold and Basemetals Project covers a large area within the emerging Tropicana Gold Province as well as under-explored greenstones of the Kalgoorlie Gold Province. Woodline comprises 1,085 square kilometres of Exploration Licences. It includes 900 square kilometres of 100% Sipa ground and Sipa may earn 70% of 125 square kilometres held by Comet Resources Limited and 60 square kilometres held by Image Resources NL.