1 Thursday 10 th November, 2016 Sulphide Nickel-Copper Hits in Uganda – Portfolio Stock (coverage initiated @ $0.025 in July 2016) Sipa Resources (ASX: SRI, Share Price: $0.016, Market Cap: $15m) is a relatively new Portfolio stock in terms of coverage. The company has been a mainstay of the Australian resources scene, listed for nigh on 30 years on the ASX and with a celebrated history of exploration and production success. The stock has attracted attention because of high-impact exploration activity in both Western Australia and Uganda. Sipa recently completed drilling at its Akelikongo nickel-copper prospect in Uganda, which has successfully extended the previously identified zone of massive sulphides down-plunge, expanding the footprint of the discovery and confirming the presence of a large mineralised system. Market Significance Sipa Resources is currently engaged in high-impact exploration activity on dual fronts. Firstly, it recently undertook maiden exploration drilling at its Obelisk prospect in Western Australia, which represents an extensive primary copper-gold anomaly situated immediately north of fellow Portfolio stock, Antipa Minerals’ (ASX: AZY) Magnum and Citadel copper-gold projects. Simultaneously, the company has also undertaken exploration drilling on its Kitgum Pader base metal project in Uganda, expanding the footprint of the discovery and confirming the presence of a large mineralised system.
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Thursday 10th November, 2016
Sulphide Nickel-Copper Hits in Uganda – Portfolio Stock (coverage initiated @ $0.025 in July 2016)
Sipa Resources (ASX: SRI, Share Price: $0.016, Market Cap: $15m) is a relatively new Portfolio stock
in terms of coverage. The company has been a mainstay of the Australian resources scene, listed for nigh
on 30 years on the ASX and with a celebrated history of exploration and production success. The stock
has attracted attention because of high-impact exploration activity in both Western Australia and Uganda.
Sipa recently completed drilling at its Akelikongo nickel-copper prospect in Uganda, which has
successfully extended the previously identified zone of massive sulphides down-plunge, expanding the
footprint of the discovery and confirming the presence of a large mineralised system.
Market Significance
Sipa Resources is currently engaged in high-impact exploration activity on dual fronts. Firstly, it recently
undertook maiden exploration drilling at its Obelisk prospect in Western Australia, which represents an
extensive primary copper-gold anomaly situated immediately north of fellow Portfolio stock, Antipa
Minerals’ (ASX: AZY) Magnum and Citadel copper-gold projects. Simultaneously, the company has also
undertaken exploration drilling on its Kitgum Pader base metal project in Uganda, expanding the footprint
of the discovery and confirming the presence of a large mineralised system.