Sipa Resources Ltd (ASX:SRI) MD Pip Darvall tells Proactive the company will strengthen its focus on its five Western Australian projects after the sale of the Murchison Gold Project to Ora Gold Ltd (ASX:OAU), in return for $1.4 million in the form of $600,000 in cash and $800,000 in OAU shares. The Murchison Project is directly adjacent to and contiguous with Ora Gold’s existing tenure, complementing that company’s current assets and enhancing plans to make further discoveries in the district.
Sipa Resources bolsters cash balance with Murchison project sale
