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Marriage of convenience for Sipa and EL GAIA

SOME might call it a match made in heaven, but on the ground Sipa Resources International NL and EL GAIA Holdings Pty Limited have combined hard cash and considerable expertise.

The new joint venture company, called Sipa-Gaia NL, will be 99 per cent owned by Sipa and 1 per cent by EL GAIA.

The joint venture means the injection of $10 million by Sipa combined with EL GAIA’s extensive computing capabilities, large scientific database and world-leading knowledge in this field.

Sipa Resources managing director Michael Doepel said the deal gives the JV the opportunity to negotiate a data licensing agreement over certain geochemical and mineralogical databases of Rio Tinto’s exploration in Australia.

The JV’s target will be world-class base and precious metals’ deposits in Australia.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
486thMusgrave Minerals-3%8%
502ndPacific Bauxite-6%-4%
525thSipa Resources-9%-30%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/11/17
$2k Bought
02/11/17
$15k Bought
02/11/17
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

212th↑Sipa Resources$155k
254th↑Bora Bora Resources$69k
255th↓Pacific Bauxite$64k
257th↑Musgrave Minerals$59k
258th↓Noble Metals$59k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Sipa Resources

349thLynda Burnett$338k
599thTara Robson$205k
737thCraig McGown$83k
Ranked by total remuneration from all listed WA companies

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