Sipa Resources (ASX: SRI) has started drilling at its new South Australian gold projects. The projects already host known mineralisation and are located close to other well established big deposits. The company is poised for strong news flow as it moves the rigs from one area to the next.

Managing Director Andrew Muir, is a highly regarded mining executive with approximately 30 years’ experience in the mining and finance industries, originally graduating as a geologist in 1993. Andrew has a strong background in gold exploration and geology, coupled with deep project evaluation and corporate experience. Previously, he held the role of Managing Director at NTM Gold Ltd (ASX: NTM) where he was responsible for significant exploration success prior to the takeover of NTM by Dacian Gold Limited, and most recently at Caprice Resources Limited.

Mr Muir is an experienced geologist with time spent across both exploration and mining operations. He was instrumental in the discovery of the multi-million-ounce Wallaby deposit while at the Granny Smith operations, and has previously worked with Great Central Gold Mines, Placer Dome and Goldfields Limited.

Along with his successful career in mining and exploration, Mr Muir also has extensive experience in equity capital markets including at Argonaut, where he was an Associate Director with Argonaut’s Corporate team. He was also a resource analyst for JP Morgan, Hartleys and PCF Capital. As an analyst at Hartleys, Mr Muir won the 2009 Starmine/AFR Stockpicker of the year award.

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Produced by Resource Media

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The Hole Truth: Mining Investment Podcast is a product of Read Corporate.

Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.

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RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&si=iOcGscff7kMSw8c7

Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/

INSIGHTS FROM THE EPISODE

1. Drilling Begins at Sipa’s High-Potential South Australian Gold Projects

Sipa Resources has kicked off drilling at Nuckulla Hill, targeting historic gold prospects with significant past intercepts and no exploration in nearly 30 years.

1. Strategic Location Near Tunkillia and Challenger Gold Deposits

The projects sit on the same shear zone as Barton Gold’s 1.5Moz Tunkillia deposit, offering strong geological continuity and exploration upside.

1. Crown Project Near Kalgoorlie Offers Quick Path to Monetisation

Located just 40km from the Lakewood Mill, the Crown Project in WA allows for potential toll treatment or gold sales without needing a major standalone discovery.

1. Experienced Leadership Team Aligned with Shareholders

With a board including Stephen Biggins (Core Lithium founder) and MD Andrew Muir, Sipa blends geology, corporate finance, and commercial strategy.

1. Low-Cap Gold Explorer with High Leverage to Discovery

With a sub-$10 million market cap and active drilling underway, Sipa offers significant leverage to exploration success in Tier-1 jurisdictions.

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Produced by Resource Media

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The Hole Truth: Mining Investment Podcast is a product of Read Corporate.

Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.

----

RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&si=iOcGscff7kMSw8c7

Website: https://theholetruth.podbean.com

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INSIGHTS FROM THE EPISODE

• Firetail Resources secures high-grade gold projects in Nevada and South Dakota— both with strong historical data and underappreciated potential due to limited market support in North America.

• Excelsior Project in Nevadadelivers standout drill results (e.g. 33m @ 5g/t, 50m @ 4g/t) with shallow mineralisation and potential for rapid JORC resource definition by year-end.

• Bella Project in South Dakotalies along the same trend as the world-class Homestake deposit (42Moz @ 8.5g/t), with early signs of significant gold mineralisation across multiple high-grade trends.

• Firetail’s technical leadershipincludes veterans from Northern Star, Bellevue, and Spartan — bringing a proven track record in brownfields gold exploration and rapid project advancement.

• Strategic pivot to North Americareflects a broader ASX trend of junior explorers capitalising on undervalued gold and copper assets across the US and Canada.

Ausgold (ASX: AUC) has just tabled the DFS on its Katanning Gold Project in WA. The study shows the project will generate very strong financial returns and the resource has strong scope to continue growing the inventory and mine life.

John Dorward has over 25 years of experience in the mining and finance industries. Mr Dorward was the CEO of TSX-listed gold producer Roxgold Inc. from 2012 to 2021, where he led the construction of the Yaramoko Gold Mine in Burkina Faso from maiden resource through to production, before Roxgold was acquired by Fortuna Silver Mines Inc. in 2021 for US$884 million.

Mr Dorward’s earlier roles include Vice President of Business Development at Fronteer Gold, a TSX and AMEX-listed mining company with gold and uranium projects in USA, Canada and Turkey, where he was instrumental in negotiating its acquisition by Newmont Mining Corporation for $2.3 billion in 2011.

Mr Dorward also previously served as CFO of ASX and TSX-listed gold company Mineral Deposits Limited and ASX-listed gold producer Leviathan Resources Limited, and was a senior executive with ASX-listed gold and nickel producer MPI Mines Limited.

He is currently a non-executive director Surge Copper Corporation and Taura Gold.

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Produced by Resource Media

----

The Hole Truth: Mining Investment Podcast is a product of Read Corporate.

Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.

RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&si=iOcGscff7kMSw8c7

Website: https://theholetruth.podbean.com