South Pac Metals - SPMEF STOCK NEWS

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.

South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) has identified 10 new copper-gold exploration targets at the Kili Teke Project in Papua New Guinea. The targets were discovered using advanced technologies from ALS GoldSpot Discoveries , including geochemical analysis, 3D modeling, and machine learning. Key findings include:

1. New porphyry targets at depth beneath the current resource
2. Confirmation of the Ieru Porphyry as a separate system
3. New skarn targets adjacent to the current resource with high-grade Cu-Au potential
4. 'Porgera-style' Au targets with strong gold-tellurium-arsenic associations

The company is evaluating non-dilutive, project-level financing options to advance exploration efforts. The Kili Teke Cu-Au Porphyry Complex currently hosts an Inferred Mineral Resource of 1.81 Moz Au, 802 kt Cu & 40 kt Mo.