Sipa Resources' share price jumped 20% last week on the back of what looks to be a successful drilling campaign at the Akelikongo nickel/copper Project in Uganda. The market is eagerly awaiting the results of the latest drilling campaign after the company announced last week they had hit significant mineralization in 10 out of 12 holes with all results currently pending.
Accomplished base metals explorer Sipa Resources has experienced a breakthrough in their exploration activities at the Akelikongo project in Uganda. The company recently reported the discovery of an 11 meter mineralized zone that intersected matrix to semi-massive sulphides, potentially opening up a new high grade nickel/copper target area.
Having established its credentials as a mining company capable of finding significant mineral deposits over the last 2 or 3 decades, Perth based Sipa Resources can afford to think big. This week they will kick off a drilling campaign at their Ugandan project looking for a big base load source of nickel and copper at the Akelikongo prospect.
There's an old saying in the exploration business - “If you want to hunt for elephants you need to go to elephant country." That message certainly hasn't been lost on Sipa Resources who have just muscled into well known elephant country in the Pilbara that hosts the 10m ounce Telfer Gold mine and the 30 000 tonne a year Nifty Copper mine. Sipa will spend $3m to earn 80%.
A cluster of Western Australia-listed companies has been highlighted in BNiQ research as exhibiting strong revenue growth, appearing to have bucked the economic slowdown with strong gains in operational income.
Sipa Resources will tap shareholders for up to $5.6 million through an entitlement issue as it plans further exploration at its copper, precious metals and base metals projects.
The Doolgunna district near Meekatharra is proving its worth, with the share prices of base metals explorers Ventnor Resources and Sipa Resources soaring after significant copper finds over the pas
Sipa Resources shares are up more than 125 per cent since the company announced a big copper find at its Thaduna project, adjacent to Sandfire Resources' DeGrussa mine in the Pilbara.
West Perth-based Sipa Resources has signed a $16 million joint venture deal with Malaysian investment company Affluent Net over its two copper projects in the Gascoyne.
West Perth-headquartered broad-based resources explorer Sipa Resources has announced positive results from its most recent drilling exploration programme.
GOLD hopeful Sipa Resources has received a stamp of approval in the exploration stakes with the signing of a deal with the world's largest gold producer, Newmont Mining.
SIPA Resources has announced it has sold its Mount Olympus gold treatment plant in the Ashburton region of Western Australia for $2.5 million and signed an exploration alliance with Newmont Exploratio
SOME might call it a match made in heaven, but on the ground Sipa Resources International NL and EL GAIA Holdings Pty Limited have combined hard cash and considerable expertise.
