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 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. (OTCQB: SPMEF) has secured an interim injunction from Papua New Guinea's National Court against K92 Mining. The injunction protects SPMC's exclusive exploration rights within the EL 2558 exploration licence area, preventing K92 Mining from entering the area or conducting any activities including sterilization drilling and infrastructure development.
The company has initiated legal proceedings against K92 Mining and the Mineral Resources Authority, seeking declaratory relief to confirm its exclusive rights as the registered holder of EL 2558. The case will proceed with an inter partes hearing on August 22, 2025, to determine if the injunctive relief will continue.
[ "Obtained court injunction protecting exclusive exploration rights on EL 2558", "Legal action maintains control over potential future tailings facility area", "Successfully prevented unauthorized activities by competitor in licence area" ]South Pacific Metals (OTCQB: SPMEF) has announced strategic marketing and advertising partnerships with two firms. The company has engaged Capital Analytica for a six-month marketing support program at a cost of $120,000, and 45 Degrees for advertising services compensated through stock options.
Additionally, SPMEF has granted 575,000 stock options at an exercise price of $0.55 with an expiration date of July 29, 2030, and awarded 175,000 restricted share units (RSUs) to various consultants and an officer. The company also reported the cancellation of 150,000 previously granted stock options from February 2025.
South Pacific Metals Corp. (OTCQB: SPMEF) has reported significant progress at its Ontenu Central Prospect, part of the Osena Project in Papua New Guinea's Kainantu District. The company has expanded mineralization through its 2025 trenching program, with notable results including 5m @ 2.53 g/t Au within 87m @ 0.41 g/t Au in ONT25TR-001 and 1m @ 5.05 g/t Au within 50m @ 0.35 g/t Au in ONT25TR-003.
The exploration program has identified two main corridors - Westside & Central - each extending over 1,000 meters in length. The overall gold in soil anomalies now cover a 3 x 5 km area. The company has completed an additional 532m of trenches awaiting analysis and is preparing for an imminent drilling program, with the rig already in-country being commissioned.
South Pacific Metals (OTCQB: SPMEF) has appointed Timo Jauristo as its new Chief Executive Officer, effective June 30, 2025. Jauristo brings over 40 years of mining sector experience, notably serving as Executive VP of Corporate Development at Goldcorp Inc. and holding senior positions at Placer Dome.
The appointment comes as SPMEF prepares to launch its maiden drill program at Osena. The company has also granted 200,000 stock options at $0.49 per share and awarded 1,000,000 restricted share units (RSUs) to directors and officers, both vesting over three years.
South Pacific Metals Corp. (SPMEF) has announced significant discoveries at its Ontenu NE target within the Osena Project in Papua New Guinea, located just 1km south of K92 Mining's Kainantu gold mine. Surface rock samples revealed impressive grades of up to 10.3% copper and 1.7 g/t gold. The company identified multiple gold-in-soil anomalies extending over 500 meters within a 3km mineralized corridor.
Previous trenching at Ontenu Central yielded notable results, including 4m @ 4.52 g/t Au and 79m @ 0.75 g/t Au. The company is currently conducting Phase 2 trenching at Ontenu Central and preparing for a priority drill campaign set to commence in June 2025 with their company-owned diamond drill rig. The Ontenu prospects, spanning a 5km by 3km area, show characteristics of a large-scale gold-copper porphyry system with similarities to K92 Mining's Arakompa Project.
South Pacific Metals has launched a new exploration program at the Anga Project, focusing on the Irinke Extension Gold Prospects along the K92 border. The company has identified four priority gold exploration targets within a 4x4 km area through advanced lithogeochemistry.
Key developments include:
- Confirmation of Arakompa-like geochemical signature at the Irinke Prospect
- Ongoing sampling across prospects with results expected in May/June
- New diamond drill rig arriving mid-June for year-round drilling
The Irinke Prospect, located 1,500m east of K92 Mining's processing plant, has shown promising results with rock samples up to 3.68 g/t Au. Additional targets include Binano North, showing pathfinder elements and potential artisanal workings, and the Golkona Prospects, featuring a large altered intrusive complex with gold anomalies up to 70 ppb Au.
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.