Sipa Resources

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.

Arrangement for CBH to earn up to 60% of the Panorama Project from Sipa Resources Ltd has been formally executed.

Arrangements for the sale of the Sulphur Springs Project to CBH have been executed.

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 Exploration, a wholly owned subsidiary of Newmont Australia.

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’s share price has been suffering for a while, along with many others punting on gold.

West Perth-headquartered broad-based resources explorer Sipa Resources has announced positive results from its most recent drilling exploration programme.

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-based Sipa Resources has agreed to sell a small exploration licence in the Mid West to Sinosteel Midwest Corporation for $450,000.

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.

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 past fortnight.

Gilbert George has been around the minerals exploration block a couple more times than many and has the resume to prove it.

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.

Sipa Resources founder Mike Doepel has resigned as a director of the Perth-based mineral explorer.The announcement follows Mr Doepel’s decision to step down as managing director in July, a role he had held since founding the company in 1987.

Board movements

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.

Emma Walczak has been appointed as joint company secretary of Tanga Resources. Martin Bouwmeester has been appointed as company secretary of Orion Gold and its subsidiaries. Mr Bouwmeester replaces Kim Hogg who has resigned.

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. 

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

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 provide a loan facility of $3 million to Nzuri. 

Cameron Adams, co-founder and chief product officer of Canva, has joined Esports Mogul as non-executive director. Mr  Adams has experience in scaling a technology business, developing and refining a billion-dollar digital product, and founded a design agency prior to Canva.

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.

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

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.

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