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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 Corp. (SPMEF) issued a clarifying update on September 2, 2026 regarding its online marketing agreement with i2i Marketing Group, LLC.
The company confirms that i2i itself does not hold, and will not acquire, any SPMC securities. However, two authorized individuals of i2i, Joseph Grubb and Kailyn White, indirectly hold SPMC securities via private corporations: Mr. Grubb holds 79,969 common shares and 39,984 warrants, and Ms. White holds 75,030 common shares and 37,515 warrants. These were acquired in a private placement that closed on February 3, 2025, before the June 5, 2026 Marketing Agreement. Each warrant allows purchase of one common share at $0.90 until February 3, 2027. None of these securities were issued as compensation under the Marketing Agreement, and SPMC reiterates it has not and will not issue securities to i2i for its services, which focus on corporate marketing and investor awareness. The agreement remains subject to TSX Venture Exchange acceptance.
South Pacific Metals (OTCQB: SPMEF) reported first assay results and field progress from the 100%-owned Kili Teke copper-gold project in Papua New Guinea. Rock-chip sampling from a massive sulphide unit on the western margin of the Central Main Porphyry, outside the current Mineral Resource, returned up to 12.8% Cu, 0.30 g/t Au and 104 g/t Ag over an outcropping horizon traced for more than 200 metres along a fault contact.
Historic trench mineralisation at Ieru (Yalopi) was validated by new sampling averaging 0.36% Cu and 0.72 g/t Au, while the Ridge Gold (Kwaki Creek) soil anomaly to the east has reported gold in soils up to 9,390 ppb Au. Kili Teke hosts an NI 43-101 Inferred Mineral Resource of 237 Mt at 0.34% Cu and 0.24 g/t Au, equivalent to approximately 4.2 Moz AuEq or 3.14 billion lbs CuEq within the Central Main Porphyry. South Pacific Metals plans to define drill-ready targets in the two priority areas by the end of October 2026 ahead of a maiden diamond drill program, and has expanded its online marketing agreement with i2i Marketing Group to a total media budget of US$400,000.
South Pacific Metals (OTCQB: SPMEF, TSXV: SPMC) reported assays from five drill holes (ONED26-010 to -014) at the 100%-owned Osena Project’s Megabe area in Papua New Guinea. Step-out drilling has defined more than 300 metres of continuous mineralised strike at Megabe, with structures remaining open along strike and at depth.
According to the company, all five holes intersected mineralised structures. ONED26-011 returned 5.1 m at 1.79 g/t AuEq, including 3.0 m at 2.66 g/t AuEq, indicating a potential fourth zone. Hole ONED26-010 intersected 18 m at 0.25 g/t AuEq on a separate structure southwest of Megabe, confirming mineralisation beyond the main corridor. Geological and geochemical data support an intermediate-sulfidation epithermal vein system, and the next phase will target deeper, high-grade zones below discovery hole ONED26-009.
South Pacific Metals (OTCQB: SPMEF) reported that its technical team has begun the first phase of field work at the Kili Teke copper-gold project in Papua New Guinea, focused on targets outside the existing NI 43-101 Inferred Resource of 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo (4.2 Moz AuEq, 3.14B lbs CuEq).
According to the company, more than 95% of historical 36,917 m drilling tested a single porphyry centre on the 253 km² licence, while machine-learning work has ranked 14 undrilled targets across the property. The current program has validated access, assessed key target areas, and collected 52 rock samples now dispatched for independent assay, with first drilling at Kili Teke targeted for H2 2026.
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.