Sipa Resources update on exploration activities

Sipa Resources Limited (ASX: $SRI) is accelerating its exploration activities across its West Australian project portfolio. The company has completed a site visit at the Paterson North Copper-Gold Project, with drilling planned for Q3/Q4 this year. Additionally, aircore drilling is scheduled for Q4 at the Skeleton Rocks Project, and the Barbwire Terrace has received Exploration Incentive Scheme (EIS) approval for a pending ground gravity survey. Sipa Resources is also progressing with exploration activities at Warralong and planning a site visit to Wolfe Basin in the coming months.

Executive commentary on exploration plans

The Company is pleased to announce the acceleration of exploration activities across its key projects in Western Australia. With the Paterson North Project reverting to 100% Sipa ownership, we are strategically planning to advance exploration using more regional and vector-style drilling to test multiple highly prospective targets. The upcoming drilling at Paterson North will target key regional structures for gold mineralization, and we have already obtained heritage approval for this program. At Skeleton Rocks, the planned aircore drilling aims to test the prospectivity of the project for nickel mineralization, particularly within the Nicoletti Trend. We are also making progress at Barbwire Terrace, where the ground gravity program will significantly assist in refining the next round of diamond drilling scheduled for 2025. Our team has completed a site visit to Warralong and is planning a visit to Wolfe Basin to undertake mapping, sampling, and accessibility assessments for future geophysical and drilling programs.

Summary of exploration update and future plans

Sipa Resources Limited (ASX: $SRI) is intensifying its exploration efforts across multiple projects in Western Australia. The focus is on the Paterson North Project, where the Company aims to advance exploration using regional and vector-style drilling to test multiple highly prospective targets for gold mineralization. The upcoming aircore drilling at Skeleton Rocks will target the prospectivity of the project for nickel mineralization, particularly within the Nicoletti Trend. Additionally, the ground gravity program at Barbwire Terrace is set to refine the next round of diamond drilling scheduled for 2025. Sipa Resources is also actively reviewing its current portfolio and remains open to opportunities for acquisitions, divestments, or joint ventures. The Company's commitment to accelerating exploration activities reflects its ambition to discover precious, base, and specialty metal deposits in Western Australia, positioning itself for potential future growth and development.