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South Pacific Metals Corp.

TSXV:SPMCLive AI agent

South Pacific Metals Corp.

Investor website: https://southpacificmetals.ca/

About

South Pacific Metals Corp. (SPMC) is a gold-copper exploration company operating in Papua New Guinea through its wholly owned subsidiary, Kainantu Resources Limited (KRL). SPMC controls four exploration projects — Kili Teke, Osena, Anga and May River — covering more than 3,100 km² across three mineral districts in Papua New Guinea. Osena and Anga cover approximately 1,300 km² in the Kainantu district, where drilling is underway at Osena. Following its September 2026 BMO brokered financing, SPMC is advancing exploration programs across the portfolio, with two drill rigs currently active. Kili Teke hosts an established NI 43-101 Inferred Mineral Resource of 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, effective November 18, 2022.

Verified company data

Cash position
20,000,000
Shares outstanding
93,953,855
Fully diluted shares
139,293,065
Mineral resource
The Kili Teke Copper-Gold Project hosts an Inferred Mineral Resource within the Central Main Porphyry (CMP) of 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, containing approximately 802 kt Cu, 1.81 Moz Au and 40 kt Mo. The Mineral Resource has an effective date of November 18, 2022.
Projects
["Kili Teke – Gold & Copper: The Kili Teke Copper-Gold Project covers 253 km² in Hela Province, Papua New Guinea, approximately 40 km west of the Porgera Mine. The Project hosts an Inferred Mineral Resource within the Central Main Porphyry (CMP) of 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, containing approximately 802 kt Cu, 1.81 Moz Au and 40 kt Mo. The Mineral Resource has an effective date of November 18, 2022. More than 36,000 metres of historical drilling have been completed at Kili Teke, with more than 95% directed toward the CMP. Subsequent technical work by SPMC has identified and ranked 14 exploration targets across the broader property, including targets adjacent to and below the current resource footprint and at the Ieru, Ridge Gold Area and skarn prospect areas.","Osena – Gold & Copper: The Osena Project is SPMC's flagship exploration asset. Located in PNG’s Eastern Highlands, the property covers a significant 738 km² land position within the Kainantu Transfer Zone (KTZ). The property is located southwest adjacent to the Au-Cu producing K92 Mining's Kainantu Gold Mine. Priority targets within the Osena project area are Ontenu NE and Ontenu Central, with additional targets identified across more than 45 km of strike along structurally prospective corridors. Early drill results indicating wide anomalous haloes and high-grade intersections including 12m @ 3.1g/t Au and 1m @ 18.1g/t.","Anga – Gold & Copper: Anga is located immediately NE of K92, ~4km along strike of its Arakompa vein & ~1,500m from its processing mill, on the same structural trend. Surface sampling up to 3.68g/t Au across a 4 x3 km footprint.","May River – Gold & Copper: May River is adjacent to the Frieda River deposit, a top global undeveloped Cu-Au system. 25+ years of data; historic high-grade drill results include 19m @ 12% Cu, 2.17gt Au from 13m | 109m of 1.53g/t Au from surface."]
Leadership
Timo Jauristo (Chief Executive Officer, A mining executive with over 40 years of global experience spanning exploration, project development, operations and capital markets. He has held senior roles at Goldcorp and Placer Dome, with deep expertise in M&A, strategy, and advancing large-scale projects across the Americas and Asia-Pacific.), Rebecca Moriarty (Chief Financial Officer, A Chartered Professional Accountant with over 20 years in the mining and resource sector, combining technical depth with public-company reporting experience. She serves as CFO for several companies, supported by the Vancouver-based Malaspina Consultants team, and holds a B.Sc. in Geology from Queen's University.), Andrew Mann, P.Eng. (Country Manager), Octavio Garcia (Exploration Manager), Oscar Clark (Project Manager), Darren Holden, Ph.D., F AusIMM (Technical Advisor (QP)), Janet Francis (Corporate Secretary), Michael Murphy, MBA, M.Sc., ICD.D. (Executive Chairman, Founder of Torex Gold (TSX: TXG), now a multi-billion-dollar gold producer, where he served 12 years as a director and helped raise over $1 billion in debt and equity. He previously spent 15 years in London's financial services sector with Merrill Lynch, DLJ and Credit Suisse.), Alexander Davidson (Director, Brings 40 years in gold and base-metal exploration, having helped build Barrick Gold into a leading producer as EVP of Exploration and Corporate Development. A 2023 Canadian Mining Hall of Fame inductee, he has led world-class discoveries and strategic acquisitions across his career.), Simon Jackson B.Com, FCA (Director, A resource-industry executive with senior experience across the full mining cycle, from exploration and financing through operations and divestment. Currently Chairman of PDI Gold Limited (ASX), he was founding CEO and later Chairman of Orca Gold, acquired by Perseus Mining in 2022, and specializes in M&A, public equity markets and corporate finance.), Geoff Lawrence (Director, An energy-sector executive with more than 18 years in managed services, including seven years as CEO of Pacific Energy Consulting, a leading mid-market EPMC contractor in PNG. Now CEO of Twenty20 Energy, he is delivering major projects including a 45 MW gas-fired power station in Port Moresby, with deep government and corporate networks across PNG and Southeast Asia.), Jonathan Rubenstein (Director, An experienced corporate director with a background in M&A, corporate finance and governance, including leadership roles at MAG Silver and Roxgold. A former lawyer, he holds a B.A. from Oakland University and an LL.B. from the University of British Columbia.)

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