Sipa Resources: Potential for Large-Scale Nickel Sulphide Province Confirmed at Akelikongo

Sipa Resources Limited (ASX: SRI) is pleased to report on its current activities on its 100%-owned Akelikongo Nickel-Copper Sulphide Project in northern Uganda (Figure 1a) including a successful AMT survey at Akelikongo and lithogeochemistry and mapping of other emerging prospect areas.

As quoted in the press release:

HIGHLIGHTS

• Initial processing of data from the Audio Magneto Telluric (AMT) survey at Akelikongo has demonstrated its effectiveness and that it will assist in targeting mineralisation down plunge and elsewhere.

• Potential for additional nickel and copper mineralised intrusions similar to Akelikongo is confirmed by recently completed litho-geochemistry with results confirming that these rocks contain base metal, trace element and rare earth element content and characteristics which are genetically related to Akelikongo suite intrusions.

• The broader project area has now been confirmed as having the potential for multiple nickel sulphide discoveries, providing a strong pipeline of exploration opportunities.

• Sipa is currently formulating the next phase of exploration at Akelikongo, which may including drilling to test down-plunge extensions of Akelikongo and other regional ultramafic targets, in parallel with upcoming work at its Paterson North Project in WA.

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