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Sipa Resources Limited
(Sydney:SRI)
Sipa Resources Limited (SRI) vs. iShares MSCI Australia ETF (EWA)
Sipa Resources Limited Business Overview & Revenue Model
Sipa Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 74.84K | 202.63K | 512.75K | 217.47K | 133.98K | 456.02K | Gross Profit |
| 74.84K | 202.63K | 465.27K | 152.54K | 58.79K | 411.70K | EBIT |
| -2.22M | -1.35M | -3.26M | -2.90M | -2.56M | -2.72M | EBITDA |
| -2.21M | -1.38M | -2.47M | -2.57M | -2.34M | -2.15M | Net Income Common Stockholders |
| -2.29M | -100.94K | -2.51M | -2.63M | -2.37M | 336.36K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.61M | 2.27M | 1.86M | 3.59M | 3.61M | 3.78M | Total Assets |
| 1.87M | 2.47M | 2.47M | 4.46M | 4.94M | 4.55M | Total Debt |
| 37.35K | 0.00 | 24.65K | 47.98K | 33.36K | 0.00 | Net Debt |
| -1.57M | -1.87M | -1.83M | -3.54M | -3.58M | -2.38M | Total Liabilities |
| 540.56K | 432.30K | 385.44K | 905.38K | 388.65K | 302.95K | Stockholders Equity |
| 1.33M | 2.04M | 2.09M | 3.56M | 4.55M | 4.24M |
| Cash Flow | Free Cash Flow | ||||
| -2.28M | -1.02M | -2.74M | -1.48M | -2.42M | -2.64M | Operating Cash Flow |
| -2.28M | -1.01M | -2.69M | -1.46M | -2.37M | -2.63M | Investing Cash Flow |
| 676.51K | 1.02M | -50.76K | -25.27K | 1.12M | 998.47K | Financing Cash Flow |
| 708.89K | 0.00 | 1.01M | 1.46M | 2.49M | 0.00 |
Sipa Resources Limited Technical Analysis
Sipa Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | $2.00B | -1.13 | -21.16% | 3.71% | 2.15% | -30.95% | |
50 Neutral | AU$5.41M | ― | -108.74% | ― | ― | -1766.67% | |
| $9.75M | ― | -53.93% | ― | ― | ― | ||
| $47.36M | ― | -6.55% | ― | ― | ― | ||
47 Neutral | AU$13.08M | 5.08 | 8.76% | ― | ― | ― | |
| €59.75M | ― | ― | ― | ― | |||
41 Neutral | AU$53.93M | ― | -5.23% | ― | ― | 54.26% |
Sipa Resources Limited Corporate Events
Sipa Resources Limited has confirmed a large historical gold anomaly at its Tunkillia North project through recent calcrete sampling. This development enhances the project’s potential as a substantial gold system, with a new higher-grade zone also identified. The company is advancing drill planning to test these targets and is in the process of obtaining heritage clearance. This exploration effort is part of Sipa’s broader strategy, which includes drilling at other sites such as Arcoordaby and the Nuckulla Hill Project.
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.
Sipa Resources Limited has completed the acquisition of four advanced gold exploration projects in South Australia and Western Australia, enhancing its portfolio with sites near major gold deposits. The acquisition was accompanied by a successful capital raising, positioning the company for future growth and exploration activities. The projects include Tunkillia North, Nuckulla Hill, Skye, and Crown, with strategic locations adjacent to established gold operations. This expansion is expected to strengthen Sipa’s market position in the gold exploration industry, offering potential benefits to stakeholders through increased exploration activities and potential resource discoveries.
Sipa Resources Limited is set to present an updated Corporate Presentation at the Resources Rising Stars Gather Round Conference in Adelaide. This event provides an opportunity for shareholders, investors, brokers, fund managers, and media to engage with the company’s strategic focus and exploration priorities, potentially impacting its market positioning and stakeholder interests.
Sipa Resources Limited has announced the commencement of drill planning at its recently acquired Crown Gold Project, located 40km southeast of Kalgoorlie, WA. The project is strategically positioned near significant gold deposits and processing facilities, enhancing its potential for successful exploration. The company is conducting a thorough review of historical drilling and geological data to identify promising drill targets, with aircore drilling anticipated in the June quarter following necessary heritage and regulatory clearances.
Sipa Resources Limited has announced a change in the interests of its substantial holders, specifically noting a dilution in voting power due to the placement of additional shares. This adjustment reflects a decrease in the voting power percentage of substantial holders, which could influence the company’s governance dynamics and shareholder influence.
Sipa Resources Limited has completed its first gold exploration program at the Tunkillia North Gold Project in South Australia, collecting approximately 200 calcrete samples for analysis. The results, expected in six weeks, will help determine drill targets. The company has also submitted a heritage clearance survey request for additional drilling in other areas, aiming to fast-track operations once clearance is obtained. This marks the beginning of several planned exploration activities throughout 2025, enhancing Sipa’s position in gold exploration.
Stephen Biggins, along with associates, has become a substantial holder of Sipa Resources Limited, holding 12.25% of the company’s voting power through 51,022,755 fully paid ordinary shares as of February 13, 2025. This significant acquisition could influence the strategic direction and shareholder dynamics of Sipa Resources Limited, potentially affecting its operations and stakeholder interests.
Sipa Resources Limited has announced a change in the director’s interest, specifically concerning John Forwood. As of February 13, 2025, Forwood has acquired an additional 769,231 ordinary shares and 384,615 unlisted options through a placement approved by shareholders on February 7, 2025. This adjustment increases Forwood’s total holdings to 1,668,987 fully paid ordinary shares and 800,000 non-executive director options, indicating an enhanced stake in the company. Such changes could have implications on the company’s governance and investor confidence as Forwood’s increased holdings may reflect his confidence in the company’s future prospects.
Sipa Resources Limited has announced a change in the interests of its director, Richard Yeates. Mr. Yeates acquired 1,923,077 ordinary shares and 961,539 unlisted options as part of a placement approved at the General Meeting on 7 February 2025. This change reflects a strategic move that may affect the company’s shareholder structure and market dynamics.
Sipa Resources Limited has announced a change in the director’s interest, specifically related to Craig McGown, with a significant acquisition of ordinary shares and unlisted options. This change, approved through a shareholder meeting, increases McGown’s indirect stake in the company, potentially strengthening his influence and signaling confidence in the company’s future prospects.
Sipa Resources Limited announced a change in director Andrew Muir’s interests, involving the acquisition of 769,231 ordinary shares and 384,615 unlisted options. The transaction, valued at $10,000, was conducted through a placement following shareholder approval, indicating a strategic move to enhance director ownership and potentially align interests with the company’s growth objectives.
Sipa Resources Limited announced the appointment of Stephen Biggins as a director, effective from February 14, 2025. Biggins holds significant interests in the company through various entities, with a substantial number of ordinary shares and options. This strategic appointment could strengthen the company’s leadership and potentially influence its exploration activities and stakeholder relationships.
Sipa Resources Limited has initiated exploration activities on its newly acquired Tunkillia North project in South Australia shortly after the acquisition deal was completed. The company is conducting infill calcrete sampling to refine its understanding of the gold anomaly and identify key targets for further drilling. The projects are situated in promising regions near existing gold deposits, with the potential for discovering large-scale gold deposits. Sipa’s exploration strategy for 2025 includes comprehensive sampling and drilling across multiple projects, focusing on areas proximal to existing gold infrastructure.
Sipa Resources Limited has announced a new application for the quotation of 131,515,183 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could influence the company’s market presence by expanding its capital base, potentially affecting stakeholder interests and positioning in the mineral exploration industry.
Sipa Resources Limited has completed the acquisition of four advanced gold exploration projects in South Australia and Western Australia, which are near large gold deposits and mining infrastructure. The company has also successfully raised $1.75 million in capital, welcoming Stephen Biggins to its board, who brings valuable exploration and corporate experience. This acquisition is poised to significantly boost Sipa’s exploration activities and diversify its portfolio, potentially offering future opportunities in proximity to established gold deposits.
Sipa Resources Limited announced the successful passing of all resolutions at its 2025 General Meeting, as per the requirements of the Corporations Act 2001 and ASX Corporate Governance Principles. The resolutions, which included the approval of share issues and director participation in placements, were carried out by poll, demonstrating strong shareholder support and ensuring compliance with governance standards. This outcome is expected to bolster the company’s operational capabilities and strategic initiatives, providing a solid foundation for future growth and value creation for stakeholders.