Investor Presentaiton

• • • Paterson North JV Rio-Tinto (Rio) $12M+ Farm In and JV: • . ● $6M to earn 55% (minimum $3M and 4000m drilling before withdrawal) Additional $6M to earn 70% Rio to sole fund to JORC resource >$1B or complete 'Order of Magnitude Study' to earn 80% Rio to subscribe to $250K placement in Sipa shares at $0.10 Project to benefit from Rio's expertise and funding to accelerate exploration activities Sipa managing next phase on behalf of Rio --20° Indian Ocean Great Highway Northern SANDFIRE Sipa-Rio Farm In IGO Antipa JV IGO MetalsX JV Rio Rio - Antipa JV Rio - Alloy JV Rio Carawine JV Newcrest Newcrest Antipa JV 50kms Winu⚫ • Nifty -122° 122°- Location -20° Sipa Resources 100% Sipa - Ming JV -OBELISK Telfer. www -Calibre Magnum ⚫ Minyari Hill -21°- Black Hills Havieron • O'Callaghans 11

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