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Rio Tinto can earn up to a 75 per cent interest in the project.

Sipa soars on Rio JV

Shares in Sipa Resources soared today after the company announced a joint venture agreement with mining giant Rio Tinto at the junior explorer’s Kitgum-Pader base metals project in northern Uganda.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/18

1 year TSR5 year TSR
33rdLegend Mining127%30%
184thRTG Mining16%
353rdSipa Resources-9%-29%
477thWest African Resources-28%18%
593rdFocus Minerals-44%-21%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/11/18
$15k Bought
13/11/18
$15k Bought
13/11/18
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

176th↑Sipa Resources$365k
177th↓Focus Minerals$364k
178th↓Legend Mining$354k
180th↓RTG Mining$341k
181st↑West African Resources$325k
509 listed resources companies ranked by revenue.
Source: Morningstar

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