News Articles for Sipa Resources

A gravity survey by Sipa Resources at the Barbwire Terrace project it shares with Buru Energy east of Broome in WA has unearthed a big anomaly and telltale structures to boost its chances of a lead-zinc find. Sitting on the southern margins of the Fitzroy Trough, the findings show geological similarities to the Lennard Shelf on the northern side of the trough.

Buru Energy rounded out the past financial quarter with no debt and $18.4 million in the till as it prepares to drill an appraisal well at its 100 per cent-owned Rafael gas field in WA's Canning Basin. The company is eyeing a final investment decision in the second half of next year and first gas production in the last half of 2027.

Buru Energy rounded out the past financial quarter with no debt and $18.4 million in the till as it prepares to drill an appraisal well at its 100 per cent-owned Rafael gas field in WA's Canning Basin. The company is eyeing a final investment decision in the second half of next year and first gas production in the last half of 2027.

Our board moves wrap includes Casta Tungaraza, Serge Ngandu, Nicolle Fleming, Mark Ashby, Darren Naylor, Oliver Kreuzer, Mohammad Ali Shah, Lawrence Teo, Nick Selby, Greg Jones, Amy Stefonick, Hugh Warner, Chris Hilbrands, Phil Thick, Matthew Gauci, Matthew Worner, Andrew Muir, and Pip Darvall.

Our board moves wrap includes Glenn Grayson, Peter Schwann, Greg Fitzgerald, and Benjamin Donovan.

ASX-listed producer Buru Energy has chalked up a quarter to remember, tabling its highest revenues in recent memory after banking $5.7 million from its onshore operations in WA's Canning and Carnarvon basins. The company's strong cash and debt-free financial position was bolstered through the sale of about 76,000 barrels of oil and fits within its strategy of optimising fluid production whilst unlocking its gas resources.

On the spot x-ray fluorescence analysis on a third drill core pulled from Buru Energy and Sipa Resources' jointly held Barbwire Terrace project south-east of Broome in WA has unveiled broad intervals of disseminated base metal sulphides. The high-grade mineralisation ran up to 23.9 per cent zinc- lead and was joined by a suite of anomalous hits running north of one per cent.

Diamond drilling at Buru Energy and Sipa Resources' jointly held Barbwire Terrace project south-east of Broome in WA has turned up a smorgasbord of high-grade base metal mineralisation. The joint venture says portable XRF readings on samples from one of the two recently plunged holes delivered grades as high as 19.8 per cent lead plus zinc from 413.5 metres.

Handheld XRF readings from Buru Energy and JV partner Sipa Resources' first diamond drill hole at the duo's Barbwire Terrace project has turned up sniffs of lead-zinc near Broome in WA. The partnership deemed the program's first diamond hole a “technical success” after it intersected a geological package consistent with significant lead-zinc deposits in the area.

Buru Energy and Sipa Resources are continuing their foray into base metals, kicking off diamond drilling at the joint venture's Barbwire Terrace project south-east of Broome in Western Australia. The 50/50 split operation plans to sink up to four holes at nominal depths of up to 500m as they look to test targets along the south-western margin of the Fitzroy Trough.

Our board moves wrap includes Rob Brierley, Brad Rogers, Anna Neuling, Andrea Betti, Richard Yeates, and Peter Schwann.

Our board moves wrap includes Jan Honeyman, Gerry McGann, Tim Kennedy, and Marie Malaxos.

Our board moves wrap includes Craig McGown, Tim Kennedy, Mike Young, and Steven Michael.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Our board moves wrap includes Beau Nicholls, Dennis Wilkins, Benjamin Donovan, and Tara Robson.

Today's board moves wrap includes Wilson Lim, Bruce McFadzean, Bradley Marwood, Anthony Rovira, Trevor Benson, Brett Dickson, Jonathan Murray, Dev Shetty, Tara Robson, and Phillip Coulson.

Today's board moves wrap includes Dan Travers, Murray Black, and Karen Field.

Sipa Resources has signed a farm-in deal with Rio Tinto, which will spend up to $12 million to explore Sipa's flagship copper-gold project in Western Australia.

Our board moves wrap includes Peter Gunzburg, Grahame White, Brett Smith, Brett Lambert, Anthony Polglase, Patrick O'Connor, Boyke Abidin, Kamen Palatov, and John Forwood.

Our daily board moves wrap includes Steven Wood, Silfia Morton, Jessamyn Lyons, Neil Hackett, Victor Rajasooriar, Peter Harold, Pip Darvall, Karen O'Neill, Nivin Thanabalan, and Brad Mytton.

Cameron Adams, co-founder and chief product officer of Canva, has joined Esports Mogul as non-executive director.

Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.

Nzuri Copper is pleased to announce that it has entered into a term sheet with its major shareholder, Tembo Capital Mining Fund LP, which sets out the commercial terms on which Tembo proposes to pr

Dr BieLin Shi has been appointed non-executive director of AustSino Resources Group.

Shares in Sipa Resources soared today after the company announced a joint venture agreement with mining giant Rio Tinto at the junior explorer's Kitgum-Pader base metals project in northern Uganda.

Sipa Resources' hopes of uncovering a major nickel-copper discovery at Akelikongo in Uganda have been boosted by new geophysical surveys. The downhole EM surveys have found strong off-hole conductors, whilst a high-resolution ground magnetic survey suggests Akelikongo could be just one of many highly prospective targets in the area.

Sipa Resources have kicked off their 2017 exploration programs in both Uganda and the Paterson region in the north of W.A. The company is a little different to many other exploration hopefuls in so much as both of their projects appear to boast huge mineralized systems and if they can find the source of the mineralization they may well have at least one and maybe two tier 1 projects.

Sipa Resources' exploration program in the Paterson district in W.A has been recognised by a grant of up to $300,000 from the State and Federal Governments and the CSIRO. The new funds will provide a boost to the company's search for a major copper-gold deposit, and follows up some very encouraging results from the company's maiden reconnaissance drill program in the area.

Geological tell tale signs from the latest round of drilling at Sipa Resources'nickel copper play in Uganda indicate that the company might be getting close to the pay zone with their exploration program. The latest assay results from the Akelikongo project have extended the mineralized zone by 100m and suggest that the mineral system strengthens and thickens down plunge

Sipa Resources' search for a nickel-copper sulphide deposit in Uganda that can rival the famed Nova-Bollinger deposit in W.A, is looking more encouraging with each new set of assay and drill results. The latest set of numbers from the company's drill program at the Akelikongo nickel-copper project have returned strong hits of up to 2.4% nickel and 2% copper.

Sipa Resources have hit extensive sulphides from their latest drilling at the Akelikongo prospect in Uganda, confirming the presence of a large nickel-copper system and extending the footprint of their earlier discovery. The latest drilling has also verified the Subiaco explorer's ideas about where to drill for the core of the deposit, boosting the odds of a major discovery.

Sipa Resources' maiden drilling program in the lucrative Paterson mining district north of the giant Telfer mine has identified a very large gold-copper system with a strike length of more than 4km. The extensive hits have provided strong encouragement for the discovery of a deposit similar to the recent 1+ million oz finds on neighbouring tenements.

With a swag of drill results from two exciting projects on two different continents due out over the next few weeks, ASX punters will no doubt be watching Sipa Resources closely with one hand on the buy button. Sipa this week starts a new phase of drilling at Akelikongo, its highly-rated nickel-copper prospect in Uganda.

Interest in the Paterson copper-gold district in the north of W.A continued today with news from Sipa Resources that they had intersected copper-gold mineralization in 15 out of 19 holes during their maiden drilling program at the Obelisk project . The results showed an initial strike length of more than one kilometre, which remains open in all directions.

Sipa Resources have more than doubled the anticipated cap on their share purchase plan to $4.2 million after a flood of applications from bullish shareholders. The rush coincides with the start of a maiden drilling program at the Paterson North project, which is on strike from the ground generating so much good news for Antipa and its JV partner Rio Tinto.

Local junior miners Prospect Resources, Azumah Resources and Sipa Resources, and Melbourne-based Red River Resources, have today announced a collective $29.8 million worth of capital raisings.

There's nothing quite like confirmation that the drill rig has been booked for a maiden drilling campaign to get the gold bulls sniffing around. It becomes even more tempting for the bulls when the ground to be drill tested sits just 35km along trend from a nearby project that just produced a 63m intersection grading 2.2 grams per tonne gold and 0.19% copper.

Fresh from exploration success at their Ugandan base metals play, Sipa Resources are now about to drill their highly prospective new West Australian project in the Paterson region as the wet season takes hold in Uganda. The area is attracting the interest of the majors with Rio Tinto recently agreeing to spend $60m on neighbouring Antipa Mineral's ground to earn a 75% interest.

Sipa Resources might be onto something at their Akelikongo Nickel/Copper prospect in Uganda. The company recently completed a 12 hole RC drilling program returning solid numbers across very wide intercepts at the project, many of which start from surface. With mineralized intersections up to 120m thick, if they find something at Akelikongo it is likely to be damn big.

Sipa Resources systematic approach to their Akelikongo nickel-copper prospect in Uganda appears to be paying off with the discovery of a very encouraging 10m intersection grading 1% Nickel and another 4m intersection grading 1.8% Copper. With Cobalt fetching up to 3 times the price of Nickel, the company was also encouraged to see reasonable Cobalt numbers in the results.