SRI 0.00% 7.3¢ sipa resources limited

upgrade extends life

  1. 398 Posts.
    Upgrade extends life

    Date 30/9/2003
    Author Michael Weir
    Source The West Australian -- Page: 42
    Stock in Australian miner SIPA Resources has improved, after news of a resource upgrade at its Paraburdoo gold project in Western Australia. The company said that it had increased total resources, including the sulphide refractory mineralisation, from 180,000 ounces to 750,000 ounces. SIPA Resources MD Mike Doepel said that the upgrade meant the operation's life expectancy would be extended considerably. Analysts have tipped that the company can extend the project's life span by an additional two years to mid-2006. SIPA Resources shares gained $A0.04 to $A0.265 on 29 September 2003.

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