Sipa Resources Completes Drilling at Kitgum- A Rio Farm-in Prospect

  • Dec 19, 2019 AEDT
  • Team Kalkine

Sipa Resources Limited (ASX: SRI) completes the most recent phase of diamond drilling at the Kitgum Pader Nickel-Copper Project and drilled eight new holes for a total of 3,326.9m.

  • The base metals prospect contains Akelikongo, which is a nickel-copper sulphide discovery.
  • The project is a 51:49 joint venture with Rio Tinto Limited (ASX: RIO), in which Rio holds 51 per cent interest with an option to fund USD 57 million exploration expenditure to earn up to 75 per cent interest.


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