Sipa Resources completes ground gravity survey at Barbwire Terrace project

Sipa Resources Limited (ASX:SRI) has successfully completed the ground gravity survey at its Barbwire Terrace Project, a joint venture with Buru Energy Limited (ASX:BRU). The survey has revealed a significant gravity anomaly and structural complexity in a priority area, indicating potential host units and fluid pathways for mineralisation. The company is pleased to provide an update on the project's progress, with plans for future drilling in 2025.

Executive Commentary on Barbwire Terrace Project

The completion of the ground gravity survey at Barbwire Terrace marks a significant milestone for Sipa Resources. The survey has provided valuable insights into the geology and structural features of the project area, particularly the Fenton Fault and associated fluid pathways. These findings are encouraging as they enhance our understanding of the mineralisation potential within the project. The upcoming drilling campaign in 2025 will be informed by the data from the survey, allowing us to refine our targets and further advance our exploration efforts.

Summary of Barbwire Terrace Project Update

Sipa Resources' completion of the ground gravity survey at the Barbwire Terrace Project has unveiled promising indicators of potential mineralisation. The significant gravity anomaly and structural complexity identified in the survey area provide a strong foundation for future exploration activities. The company's plans for diamond drilling in 2025, informed by the survey data, demonstrate a strategic approach to target refinement and resource delineation. Sipa Resources remains committed to advancing its exploration initiatives across multiple projects, including Paterson North, Skeleton Rocks, and Wolfe Basin, while actively evaluating opportunities for acquisitions, divestments, and joint ventures. The company's focus on the discovery of precious, base, and specialty metal deposits underscores its dedication to unlocking the mineral potential of Western Australia's resource-rich landscapes.