Sipa Resources Annual Report 2020

Page 6

REVIEW OF OPERATIONS

Introduction During the year Sipa has continued to take advantage of its strengths in early stage generative work within Western Australia while focusing on projects that are able to be cost effectively explored. Identification and securing of several new projects has been completed and is part of our ongoing project generation efforts. Company is able to rapidly cycle through which enables Sipa to commence value Identification and securing of several large numbers of projects and move on adding work as soon as grant occurs. new projects has been completed if there are no positive indications of This process also allows decisions to be and is part of our ongoing project exploration potential. made on whether early stage ideas have generation efforts. Additionally, we have sufficient merit to continue towards grant commenced significant efforts to test or to withdraw applications to conserve and de-risk the projects where possible cash resources. By this process the during the application and grant process

Page 4 – Annual Report 2020

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SipaSipa Resources Limited Resources Limited 2019 Sipa Resources Limited


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