Paterson North Cu-Au

Located in the Paterson Province of Western Australia, Sipa’s Paterson North copper-gold project is in the same strongly endowed and highly prospective mineral belt which hosts the world-class Telfer gold and copper deposits, the Nifty copper mine and Rio Tinto’s Winu copper-gold discovery.

The project is located in close proximity to Winu, which has a maiden Inferred Mineral Resource of more than 500 million tonnes at 0.45% copper equivalent, and Rio’s recent discovery of a zone of gold-dominant mineralisation nearby.

Between August 2020 and February 2024, the Project was explored under a farm-in and joint venture agreement with Rio Tinto Exploration (RTX), a subsidiary of global mining company Rio Tinto.

RTX spent over $6 million on exploration activities at the Project, including geophysical surveys, targeting studies, heritage surveys and two rounds of drilling, before withdrawing from the agreement following an assessment of its global exploration priorities.

RTX recognised that multiple untested areas remain within the project, which continues to offer significant potential for a world-class discovery.

The Paterson North Project has reverted 100% to Sipa, which continues to test the many targets across the project.