Welcome to our dedicated page for South Pac Metals news (Ticker: SPMEF), a resource for investors and traders seeking the latest updates and insights on South Pac Metals stock.
South Pacific Metals (SPMEF) is a gold-copper exploration leader focused on Papua New Guinea's mineral-rich corridors. This page provides investors and stakeholders with timely updates on the company's technical programs, project developments, and strategic initiatives.
Access consolidated news on SPMEF's exploration activities, including updates from its Anga, Osena, Kili Teke, and May River projects. Stay informed about resource discovery progress, geoscience innovations, and market-related announcements through verified press releases and objective reporting.
Key updates include drilling results, partnerships, and operational milestones, all leveraging SPMEF's advanced exploration methods like 3D geological modeling and machine learning analytics. This resource serves investors seeking transparent insights into the company's Papua New Guinea-focused strategy.
Bookmark this page for direct access to SPMEF's evolving exploration narrative, designed to support informed analysis of its technical execution and regional market positioning.
South Pacific Metals Corp. (SPMEF) has announced the acquisition of a MultiPower MP500 Diamond Core Drill following its C$6.3 million financing. The drill, capable of reaching depths of 500+ metres, will support exploration across the company's 3,100 km² portfolio of four gold-copper projects in Papua New Guinea.
Key project updates include:
- Osena Project: Focus on Ontenu Cu-Au Prospect, with recent trench results showing 79m averaging 0.75 g/t Au, including 4m at 4.52 g/t Au
- Kili Teke Project: Hosts Inferred Mineral Resource of 1.81 Moz Au, 802 kt Cu, and 40 kt Mo in 237 Mt
- May River Project: Historical drilling at Skiraisa showed 109m at 1.53 g/t Au from surface
- Anga Project: Defined 2 km-wide mineralized NE trending corridor at Irinke Prospect
South Pacific Metals Corp (OTCQB: SPMEF) has successfully completed the Warden's Hearing for the renewal of Exploration License EL 2310 for its Kili Teke Copper-Gold Project in Papua New Guinea. The license covers a 253 km² concession area.
The Project's Central Porphyry currently holds an Inferred Mineral Resource of:
- 1.81 Moz Au
- 802 kt Cu
- 40 kt Mo
The project is strategically located in the Western Highlands' Papuan Fold Belt, 40 km west of Barrick/Zijin's Porgera Gold Mine. Recent targeting has identified 10 new exploration targets near the Central Porphyry, including bulk-tonnage copper-rich targets, Porgera-style gold-rich targets, and high-grade skarn zones. Historical drilling revealed impressive results of 12.98% Cu, 11.75 g/t Au, and 21.07 g/t Ag over 7.8 m within a broader intersection.
South Pacific Metals Corp. (SPMEF) has announced the commencement of its 2025 exploration programs following a successful C$6.3 million financing. The company will conduct extensive exploration across its 3,100 square kilometre portfolio of four gold-copper projects in Papua New Guinea: May River, Osena, Anga, and Kili Teke.
The exploration activities will include systematic sampling, trenching, and drilling to expand the mineral potential of each property. The programs aim to build on existing geological data, confirm high-priority targets, and advance projects toward resource delineation.
Additionally, the company has engaged Danayi Capital Corp. to provide investor relations and digital marketing services for a fee of US$50,000 for one trial month, with an option to extend.
South Pacific Metals Corp. (SPMEF) has announced two significant administrative changes. First, the company has changed its auditor from Smythe LLP to Davidson & Company LLP, effective December 10, 2024. The required documentation for this change has been filed on SEDAR+.
Additionally, the company has modified its financial year-end from December 31 to March 31 to enhance financial and operational efficiencies and better align with audit service availability. The current financial year will span 15 months from January 1, 2024, to March 31, 2025. Following this transition, SPMEF will adopt a quarterly reporting calendar based on the new March 31 year-end.
South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) announced that its President, Cathy Fitzgerald, has been named among the '100 Global Inspirational Women in Mining' (WIM100) by Women in Mining UK. Fitzgerald, with over 20 years of experience in technical and leadership roles, was selected from 570 nominations spanning 41 countries. The recognition highlights her contributions to exploration and development projects in critical commodities including copper, gold, silver, and lithium. The WIM100 initiative, launched in 2013, celebrates women who demonstrate leadership, innovation, and commitment to creating a more inclusive mining sector.
South Pacific Metals Corp has appointed Dean Williamson as Exploration Manager in Papua New Guinea to lead drilling programs at the Anga and Osena Projects in the Kainantu Gold District. Williamson brings over 30 years of experience, including five years at K92 Mining where he led significant gold-copper discoveries. Recent surface sampling at the Irinke Prospect has defined a 2km-wide mineralized corridor, with rock chip samples yielding up to 3.28 g/t Au and 1,292ppm Cu. A new anomaly was discovered at Binano, less than 1,500 metres from K92's Plant Site. The company's projects share a 45km mineralized corridor with K92's operations, positioning them for potential near-term discoveries.
South Pacific Metals Corp (SPMEF) has identified two significant mineralized districts at its May River Project. The Ufuo Polymetallic Massive Sulfide District features five massive sulfide bodies, with historical drilling results showing high-grade copper and gold mineralization, including 19m @11.47% Cu and 2.17g/t Au. The Skygate Cu-Au Trend, a 7km-long mineralized zone, lies 15km west of the Frieda River deposit and shows historical drilling results of 109m at 1.53 g/t Au from surface. The company is evaluating non-dilutive financing options to advance exploration efforts across its 1,700 km² tenement package.
South Pacific Metals Corp. (SPMEF) acknowledges K92 Mining's recent drilling success at Arakompa, which is located just 3 km from SPMC's Anga Gold-Copper Project boundary. SPMC recently completed its Irinke Prospect exploration program at Anga, positioned 4 km northeast along strike of the Arakompa lode-gold vein system. The program revealed a broad shear zone with geological similarities to Arakompa. The Anga Project, spanning 461 km², is situated in the Kainantu Gold District, adjacent to K92's Kainantu Gold Mine Project. Surface sample assays are pending, and potential drill targets are being evaluated, including over 15 porphyry targets from historical Barrick Gold work.
South Pacific Metals Corp (SPMEF) has expanded its Osena Gold-Copper Project in Papua New Guinea by acquiring Exploration Licence Application 2850, adding 112 km² of prospective land immediately south of K92 Mining's operations. This expansion increases the total Osena Project land package to 738 km². The new area may contain extensions of NW-SE trending copper-gold mineralized trends. The company has compiled over two decades of historical geological data and is preparing to finalize first-phase drilling plans.
South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) has identified a new Copper-Gold intrusive target at the Ontenu Cu-Au Prospect in Papua New Guinea. The Ontenu Northeast target is the fifth large-scale target discovered within an expanded 5 km by 3 km mineralized area. Key highlights include:
1. Expansion of the target footprint with five highly-prospective geophysical targets.
2. Confirmed gold-bearing breccias at Ontenu Central, with 79 m averaging 0.75 g/t Au.
3. Significant historical rock samples, including 73 g/t Au, 960 g/t Ag, 3.17% Cu & 10.6% Zn.
4. Exploration program planned for Q4, 2024, including 3D modeling for drill planning.
The Ontenu Cu-Au Prospect is located within the Kainantu Transfer Zone, a major structural corridor. The area shows potential for multiple mineralization styles, including epithermal vein systems and skarns.
