Sipa Resources Gains Full Control of Barbwire Terrace Project

Sipa Resources Limited ( (AU:SRI) ) has issued an update.

Sipa Resources Limited has acquired full ownership of the Barbwire Terrace Base Metal Project by purchasing Buru Energy Limited’s 50% share. This strategic move allows Sipa to further explore and develop the project, which targets Mississippi Valley style zinc-lead-silver deposits. The acquisition involves granting Buru Energy a 0.6% Net Smelter Return royalty, with an option for Sipa to repurchase the royalty for $600,000. This acquisition positions Sipa to intensify its exploration activities and supports its business development strategy by refining and prioritizing exploration targets.

More about Sipa Resources Limited

Sipa Resources Limited is a company operating in the mining industry, primarily focused on exploring and developing base metal projects. The company targets zinc, lead, and silver deposits, with a significant focus on the Barbwire Terrace Project in Western Australia.

YTD Price Performance: 30.0%

Average Trading Volume: 340,749

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.7M

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