Sipa Resources Limited ( (AU:SRI) ) just unveiled an announcement.
Sipa Resources Limited has announced an evaluation of the rare earth element potential at its Wolfe Basin Project, which spans 780 square kilometers and is adjacent to Rare X Limited’s Cummins Range Rare Earth Project. Historically focused on base metals, the project is now being reviewed for its potential to host rare earth elements and gallium, particularly in its underexplored southern area. This strategic shift could enhance Sipa’s positioning in the rare earth market, potentially impacting its operations and offering new opportunities for stakeholders.
More about Sipa Resources Limited
Sipa Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary focus includes base metals such as copper, lead, and zinc, as well as rare earth elements and gallium. The company is actively exploring the Wolfe Basin Project in the Kimberley region of Western Australia, which is known for its potential in large-scale sediment-hosted mineralization.
YTD Price Performance: 20.0%
Average Trading Volume: 835,757
Technical Sentiment Signal: Buy
Current Market Cap: A$5M
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