Sipa Investor Presentation
Sipa's Exploration Activities
1/10/2015
Northern Uganda
Corporate
Sipa Resources is a Perth-based ASX listed base metal and gold exploration company with a proven track record.
Capital Structure
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ASX Code
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SRI
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Shares (ordinary)
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705m
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Options (Listed) 7.5c Nov '15
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134m
|
|
Share Price (31/08/15)
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5.3c
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Market Cap
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A$37.4m
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Cash (at 30/06/15)
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A$6.17m
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Top Shareholders
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Terry & Suzanne Kahler
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5.5%
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Acorn Capital Limited
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5.25%
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Rodiv NSW P/L Pension Fund
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4.1%
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Geocrust P/L
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1.8%
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Mike and Deirdre Doepel
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1.5%
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Directors & Management
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1.0%
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Total in Top 20
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26.0%
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Highlights - 2014/2015
› Discovered two nickel sulphide mineralised intrusive systems at Akelikongo, over 500m strike and Akelikongo West containing wide zones up to 100m of disseminated sulphides 0.24-0.5% Nickel and 1-4m zones of massive sulphides 1-2% Nickel.
› Raised $AUD6.1 million in June through Placement and SPP oversubscribed
› Drilled Zinc (Lead Silver Cadmium) mineralisation at Pamwa
› Commenced gold exploration program
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Location and East African Geology
› Sipa's investment was as a result of World Bank, Nordic Bank, African Development Bank and DGSM funded consortium which generated new geological and geophysical data sets and mineral potential information
› Highly prospective geology on margin of Congo super-craton.
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Infrastructure - improving
› New Hydro stations under construction
› Railway project (Chinese funded)
› Road upgrade current from Gulu to Sudan (Chinese funded)
› Road north of Lira, dirt
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Benefits to the local communities
Vocational training Local employment Micro-business
making soap
Days For Girls - lesson Days For Girls-
receiving kits
Days For Girls - local tailors sewing kits
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Akelikongo Background
› XRF soil anomaly
>1000ppm Ni,
>500ppm Cu
› Nickel expert Jon Hronsky predicts 'chonolith' or pipe hosted Nickel Sulphide intrusive system
› RAB drill to bedrock discovers magmatic Ni and Cu sulphide LMR022 returns 20m at 1% Ni and 0.25% Cu from 1m
› Ground EM conductors
In March 2015. Diamond hole AKD002 confirms disseminated Ni Sulphide zone of 33m @0.36% Ni and 0.21% Cu and breccia zone containing assays up to 1.7% Ni and 3.4% Cu
What is Akelikongo ?
› Wide zones of disseminated Ni Cu sulphides >100m down hole over 500m of strike (pink striped zone)
› Footwall breccia contains zones of massive sulphides probably sources from deeper in the system
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Akelikongo Discovery - Section B - B'
› Continuous zone of disseminated Ni and Cu sulphides
› Strong continuity of massive sulphide zones.
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Akelikongo West Discovery
› Ni and Cu in soil anomaly
› Followed up 25 by 25m peak 1780ppm Ni and 542ppm Cu
› Co-incident gravity high anomaly
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Akelikongo West Discovery - Section A-A'
› RAB drilling LMR137 8m at 0.73% Ni including 3m at 1.1% Ni
› Diamond hole AKD009 returned
41m at 0.5% Ni and 0.1%Cu
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Regional Nickel Prospects
› Image shows pXRF Ni values
› Prospects in the east are associated with ultramafic intrusions 2 out of 3 (Akelikongo and Akelikongo West) are known to host Nickel sulphides
› Prospects in the west are associated with the Aswa Archean greenstone and Nickel sulphide potential unknown
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