South Pacific Metals Corp. - Mining Stock Analysis & Updates
Latest News and Market Performance for South Pacific Metals Corp.
Perm ID: 1-5066578567
https://kainanturesources.com/
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South Pacific Metals Provides Project Updates and Announces Diamond Drill Rig Purchase to Accelerate Gold and Copper Exploration
South Pacific Metals Corp. has acquired a man-portable diamond drill, the MultiPower MP500, following a C$6.3 million financing. This will enhance exploration efficiency for gold-copper projects in Papua New Guinea, with drilling set to begin soon.
South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
South Pacific Metals Corp. announced the successful renewal of Exploration License EL 2310 for the Kili Teke Copper-Gold Project in Papua New Guinea, which hosts significant mineral resources. The renewal process included a supportive Warden's Hearing with local stakeholders.
South Pacific Metals Announces Commencement of 2025 Gold-Copper Exploration Programs Following Successful Financing
South Pacific Metals Corp. has closed a C$6.3 million financing to advance exploration of its gold-copper projects in Papua New Guinea. Plans include systematic sampling, trenching, and drilling to define resource potential. Investor relations services have been engaged with Danayi Capital Corp.
South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of Directors
South Pacific Metals Corp. has closed a non-brokered private placement raising C$6.3 million by issuing 13.1 million units. The company appointed Jonathan Rubenstein to its board, leveraging his extensive experience in the mining industry for strategic growth.
South Pacific Metals Upsizes its Previously Announced $4 Million Non-Brokered Private Placement Offering to $6.3 Million in Response to Investor Interest
South Pacific Metals Corp. has increased its non-brokered private placement offering to 13,125,000 units at C$0.48 each, aiming for gross proceeds of C$6.3 million. The funds will support exploration in Papua New Guinea and cover administrative costs, with a closing date set for January 29, 2025.
South Pacific Metals Announces Change of Auditor and Change in Year-End
South Pacific Metals Corp. has changed its auditor from Smythe LLP to Davidson & Company LLP as of December 10, 2024, and has also shifted its financial year-end from December 31 to March 31 to enhance efficiency. The next interim statements will cover Q4 2024.
South Pacific Metals Appoints Alex Davidson to Its Board of Directors and Announces Private Placement Offering
South Pacific Metals Corp. announced the appointment of Alexander Davidson to its Board of Directors. With over 40 years in exploration and a notable career at Barrick Gold, Davidson's expertise will support SPMC's growth in the Kainantu Gold District.
South Pacific Metals' President Cathy Fitzgerald Recognized in the 2024 "100 Global Inspirational Women in Mining (WIM100)"
South Pacific Metals Corp's President, Cathy Fitzgerald, has been recognized as one of the "100 Global Inspirational Women in Mining" for her contributions to the global mining industry. With over 20 years of experience, Fitzgerald has driven strategy and development projects across key commodities. This recognition reflects her commitment to innovation and excellence in the mining industry. The Women in Mining UK initiative awards women who advocate for positive change and demonstrate resilience. South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea.
South Pacific Metals Taps K92 Exploration Veteran to Lead Anga and Osena Project Drilling in PNG's Kainantu Gold District
Dean Williamson, an experienced exploration operator, has joined South Pacific Metals Corp. (SPMC) as Exploration Manager in Papua New Guinea. Williamson will use his extensive knowledge of the Kainantu area to advance the upcoming Anga and Osena Project drill programs. The company is near completion of drill planning for both projects, anticipating new discoveries due to their proximity to K92's active exploration and infrastructure. SPMC also noted the discovery of a new Anga anomaly near K92 Mining's Plant Site, and the similarities of the Irinke Prospect Assays with K92's Arakompa Discovery.
South Pacific Metals Identifies Multiple Copper-Gold Mineralized Districts at May River Project
South Pacific Metals Corp. has announced the identification of two significant mineralized districts, the Skygate Cu-Au Porphyry-Epithermal District and the Ufuo Polymetallic Massive Sulfide District, following a thorough review of historical data. Notable drill highlights include 19m @11.47% Cu, 2.17g/t Au at Ufuo Massive Sulfide Prospect and 109m at 1.53 g/t Au at Skygate Cu-Au Porphyry Prospect. The company's expansive copper-gold exploration package hosts multiple styles of mineralization with more than 20 identified prospects.
South Pacific Metals Congratulates K92 Mining on Significant Strike Extension at Arakompa and Discovery of Potential Thick High-Grade Zone
South Pacific Metals Corp., a gold-copper exploration company operating in Papua New Guinea, congratulated K92 Mining Inc. on its latest successful drilling results at Arakompa, which is near South Pacific's Anga Gold-Copper Project. K92's drilling led to a significant strike extension and discovery of a potential high-grade zone. Earlier, South Pacific completed its exploration program at the Irinke Prospect, located near Arakompa. The exploration identified significant structural features similar to Arakompa, with drilling targets now being assessed. South Pacific's Executive Chair, Michael Murphy, commended K92 on its growth and success in expanding its resource base.
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GOLD & COPPER: 4 Projects in Papua New Guinea | South Pacific Metals Interview
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