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South Pacific Metals Corp. (OTCQB: SPMEF) generates frequent exploration-focused news as it advances gold-copper projects in Papua New Guinea. Company releases highlight work across its portfolio, which includes the Anga, Osena, Kili Teke, and May River projects, all described as being located within established gold and copper production corridors.
Many recent updates center on the Osena Project and, in particular, the Ontenu area. At Ontenu Central, the company reports trenching and soil sampling programs that extend gold-in-soil anomalies over several kilometers and define structural corridors targeted for drilling. At Ontenu Northeast, South Pacific Metals has issued multiple releases detailing new mineralized structures, high-grade rock chip assays for copper, gold and silver, and the start of a maiden drilling program designed to test epithermal gold-copper vein targets.
News from the Anga Project has included the identification of new mineralized zones at Golkona South, where the company reports a sizeable gold-in-soil anomaly and coincident copper and silver anomalies, as well as stream sediment pan concentrates with elevated gold. These technical updates are often accompanied by maps, assay tables, and descriptions of ongoing sampling and reconnaissance.
In addition to exploration results, South Pacific Metals’ news flow covers corporate and legal developments. Examples include the appointment of a new Chief Executive Officer, the engagement of marketing and advertising service providers, and court injunctions obtained through its subsidiary Kainantu Resources Limited to protect exclusive exploration rights over Exploration Licence EL2558 bordering K92 Mining’s tenements.
Investors and observers following SPMEF news can therefore expect a mix of geological results, drilling and trenching updates, project-scale interpretations, corporate actions, and legal proceedings related to the company’s licences in Papua New Guinea.
South Pacific Metals (OTCQB: SPMEF) reported new high-grade drill results from hole ONED26-009 at the 100%-owned Ontenu gold-copper project in Papua New Guinea.
Key intercepts include 5 m at 12.84 g/t AuEq and 12.2 m at 6.24 g/t AuEq within three mineralised zones on the Megabe structure.
South Pacific Metals (OTCQB: SPMEF) has commenced exploration at its 100%-owned Kili Teke copper-gold project in Papua New Guinea, a district-scale system about 40 km from the >30 Moz Porgera mine.
The project hosts an NI 43-101 Inferred Resource of 237 Mt at 0.34% Cu and 0.24 g/t Au (≈1.81 Moz Au, 802 kt Cu, 40 kt Mo; ≈4.2 Moz AuEq) defined on the Central Main Porphyry only. Three additional prospect areas (Ieru Porphyry, Ridge Gold Area, Skarn Corridor) plus deeper parts of the system remain largely untested but show high-grade historical intercepts and rock chips.
Over US$20M of prior work includes 55 drill holes and extensive geophysics and geochemistry. A machine-learning study has ranked 14 drill targets. Exploration is restarting with formal support from landowners and multiple Hela Province authorities via a staged, low-impact program leading toward discovery drilling.
South Pacific Metals (OTCQB:SPMEF) reported new gold drill results at the Megabe target, Ontenu NE, Papua New Guinea. First hole ONED26-007 intersected 12 m at 3.1 g/t Au, including 1 m at 18.1 g/t Au, within a NW-SE fault breccia.
Two rigs are drilling at Ontenu NE, while a porphyry test is being prepared at Ontenu Central. Surface work advances at the Anga Project, Kili Teke holds a 4.2 Moz AuEq inferred resource, and reconnaissance at May River secured community consent and site access.
South Pacific Metals (OTCQB: SPMEF) entered an online marketing agreement with i2i Marketing Group to provide corporate marketing and investor awareness services. The company approved an initial US$300,000 media budget, paid in cash, with services expected to start around June 12, 2026, subject to TSXV acceptance.
South Pacific Metals also granted 1,070,000 stock options to directors, officers, employees, and consultants at an exercise price of $0.54 per share, vesting over two years and expiring June 5, 2031, also subject to TSXV acceptance.
South Pacific Metals (OTCQB: SPMEF) reported maiden drill results from the Ontenu NE project in Papua New Guinea, with 7 holes (2,266 m) completed and assays for 6 holes.
Gold mineralisation occurred in 5 of 7 holes across the Onki and Jorkol zones. Key intercepts include 92 m @ 0.34 g/t Au at Onki (ONED26-006) with 2 m @ 5.74 g/t Au, 1.49% Cu and a 1 m peak re-assay of 9.92 g/t Au and 2.35% Cu, plus 4.5 m @ 0.77 g/t Au at Jorkol (ONED25-001) including a 0.5 m peak of 3.16 g/t Au, 0.62% Cu and 96 g/t Ag with 602 ppm Bi.
Geology indicates an intact, vertically zoned hydrothermal system at Onki and intrusion-related gold-vein style mineralisation at Jorkol. Drilling continues at Ontenu NE, with work at Ontenu Central and Anga advancing in parallel. Octavio Garcia has been appointed Exploration Manager.
South Pacific Metals (OTCQB: SPMEF) appointed Simon Jackson to its Board effective March 30, 2026, and named Rebecca Moriarty as Chief Financial Officer effective April 30, 2026. Scott Kelly will resign as CFO on April 30, 2026 with a handover period in April. The company granted 1,860,000 restricted share units vesting in 2027 and 2028, subject to TSXV acceptance.
Appointments bring senior mining, M&A, and finance experience; RSUs aim to align stakeholders with company objectives.
South Pacific Metals (OTCQB: SPMEF) added a second drill rig to accelerate testing across the 5 x 3 km Ontenu Project in Papua New Guinea, with the new rig expected to arrive within two weeks. The program targets the Onki Fault area and Ontenu NE, aiming for 5,000 m of drilling in 2026.
Surface rock-chip results from 2025 on multiple structures include high grades up to 21.2% Cu, 310 g/t Ag, and 8.6 g/t Au. The company contracted a Papua New Guinea-based driller to operate alongside its existing rig.
South Pacific Metals (OTCQB: SPMEF) reported multi-element rock chip assays from the Ontenu NE prospect on November 11, 2025, within its Osena Project.
Key surface results include 21.2% Cu, 214 g/t Ag, 0.41 g/t Au (0.25m massive sulphide), 18.1% Cu, 310 g/t Ag (0.7m splay), 12.4% Cu, 131 g/t Ag, 1.21 g/t Au (0.2–0.5m splay), and 1.2% Cu, 258 g/t Ag, 8.65% Zn, 9.34 g/t Au (0.25m quartz vein).
Ontenu NE covers ~2 km2 within a 5x3 km epithermal footprint, with mapped structures up to 1,200m strike and an Onki Fault area showing a ~3m true-width fault zone and multiple high-grade splays. Mapping and sampling continue and drilling has commenced in the southern Ontenu NE area.
South Pacific Metals (OTCQB: SPMEF) has started its maiden drill program at the Ontenu Northeast prospect in Papua New Guinea within the Kainantu Transfer Zone.
The program will test northwest-trending mineralised structures for deeper epithermal Au-Cu veins, targeting surface samples that returned up to 3.95 g/t Au, 645 g/t Ag, 1.56% Cu across 6 m and other samples up to 13.9 g/t Au. The company plans 4–6 holes totaling ~1,500 m to the end of the 2025 field season, with first hole targeting depths of 100–250 m.
South Pacific Metals (OTCQB: SPMEF) reported discovery of new gold‑copper mineralized zones at Golkona South, part of the Anga Project in Papua New Guinea on October 14, 2025. Key results include a 2.2 × 1.1 km gold‑in‑soil anomaly with a peak soil value of 1080 ppb Au, copper up to 3,397 ppm Cu, silver up to 2,160 ppb Ag, and stream pan concentrates to 282 ppm Au.
Geophysical Mobile MT conductivity features coincide with the anomalies and trend northeasterly toward K92's Arakompa deposit. The company will continue geochemical sampling, mapping and use existing data to define initial drill targets while drilling is imminent at a separate Ontenu NE target.