South Pacific Metals Appoints Simon Jackson to Board and Rebecca Moriarty as CFO
South Pacific Metals Appoints Simon Jackson
to Board and Rebecca Moriarty as CFO
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) -
South Pacific Metals Corp.
(TSXV:
SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("
SPMC
" or the "
Company
") is pleased to announce that
Simon Jackson has been appointed to the Board of Directors of the Company, effective March 30,
2026, and that Rebecca Moriarity will be joining the Company as Chief Financial Officer on April 30,
2026.
Simon Jackson is an experienced resource industry executive with a broad range of senior management
experience through all facets of the mining cycle from exploration, discovery, feasibility, financing,
construction, operations and divestment. He has extensive Board and executive level experience from
positions held at a number of Toronto Stock Exchange ("
TSX
"), TSX Venture Exchange ("
TSXV
"), and
Australian Stock Exchange ("
ASX
") listed public companies.
He is currently Chairman of Predictive Discovery Limited (ASX) and also serves as Director of a number
of other public companies with listings on the ASX, TSXV, and/or London Stock Exchange. He
previously served as founding President and Chief Executive Officer, and later Chairman, of TSXV-listed
Orca Gold Inc., which was acquired by Perseus Mining Limited in May 2022, Chief Executive Officer and
Managing Director of ASX-listed Beadell Resources Limited, and Vice President of Corporate
Development and Chief Financial Officer of formerly TSX-listed Red Back Mining Inc. prior to its
takeover by Kinross Gold Corporation in September 2010.
He specializes in M&A, public equity markets management, and corporate finance. He holds a Bachelor
of Commerce degree from the University of Western Australia and is a Fellow of the Institute of
Chartered Accountants in Australia.
Michael Murphy, Executive Chairman of SPMC, stated, "We are very pleased to welcome Simon to the
Board. He has a proven track record of building and backing successful mining companies, with a strong
instinct for identifying value and helping teams unlock it. As we advance our projects, his experience in
growing companies and delivering real outcomes in the sector will be highly valuable to SPMC and our
shareholders."
Appointment of Chief Financial Officer
The Company also welcomes Rebecca Moriarty as Chief Financial Officer, effective April 30, 2026.
Rebecca Moriarty is a Chartered Professional Accountant with over 20 years of experience in the mining
industry. Her background includes a unique combination of technical and business accounting expertise,
having received a degree in Geology from Queens University and a CPA designation.
Ms. Moriarty is supported by the Malaspina Consultants team, a Vancouver-based financial consulting
and advisory firm staffed with highly experienced accounting personnel. Prior to joining Malaspina, Ms.
Moriarty worked with PricewaterhouseCoopers LLP where she was a manager working exclusively with
resource companies.
She will succeed Scott Kelly as Chief Financial Officer. Mr. Kelly will resign effective April 30, 2026, to
pursue other opportunities. During April, he will work closely with Ms. Moriarty to ensure a smooth
transition of responsibilities. The Board of Directors extends its sincere appreciation to Mr. Kelly for his
dedication, professionalism, and commitment to the Company, which have been instrumental in
advancing the Company's strategic priorities.
Award of Restricted Share Units
The Company also announces that, subject to the acceptance of the TSX Venture Exchange, it has
granted an aggregate of 1,860,000 restricted share units of the Company (the "
RSUs
") to certain
directors, officers, employees, and consultants of the Company pursuant to its omnibus compensation
plan (the "
Plan
").
Of the RSUs, a total of 992,500 RSUs are scheduled to vest March 31, 2027, and the remaining
867,500 RSUs are scheduled to vest March 31, 2028. Once vested, each RSU represents the right to
receive one common share in the capital of the Company per RSU held, a cash amount equivalent, or a
combination thereof, in each case subject to the terms and conditions of the Plan and the applicable
RSU agreement.
About South Pacific Metals Corp.
South Pacific Metals Corp is an emerging gold-copper exploration company operating in the heart of
Papua New Guinea's proven gold and copper production corridors.
SPMC has four explorations properties:
Ontenu (Osena)
- Bordering K92 to the southwest. Drilling underway on K92-style targets with surface
assays up to
21% Cu, 13.9 g/t Au, 645 g/t Ag
and
73 g/t Au
defining km-scale corridors.
Anga
- Bordering K92 to the northeast, along strike from the K92's Arakompa discovery; soils to
1,080
ppb Au
,
3,397 ppm Cu
and stream samples up to
281.8 g/t Au
.
Kili Teke
-
4.2 Moz AuEq 43-101 inferred resource
; results outside of resource include drilling
7.8 m
@ 12.98% Cu plus11.75 g/t Au
, surface samples up to
27.5% Cu
.
May River
- District-scale system beside Frieda River; high-grade drilling includes
19 m @ 11.47% Cu,
2.17 g/t Au
and
109 m @ 1.53 g/t Au
.
SPMC common shares are listed on the TSX Venture Exchange (TSX.V: SPMC), the OTCQB
Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE: 6J00).
Qualified Person
The scientific and technical information disclosed in this release has been compiled by Company
geologists and consultants and reviewed and approved by Darren Holden, BSc(Hons) (Geology), PhD,
FAusIMM, a "Qualified Person" as defined in National Instrument 43-101
Standards of Disclosure for
Mineral Projects
.
Dr. Holden is a Technical Advisor to the Company.
For further information please contact:
Michael Murphy, Executive Chair
or
Investor Relations
South Pacific Metals Corp.
Tel: +1-604-653-9464
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer and Forward-Looking Information Caution
This news release contains certain "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of applicable securities legislation. All
statements, other than statements of historical fact included herein, including without limitation,
statements relating the future operations and activities of SPMC, are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or
statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved.
Forward-looking statements in this news release relate to, among other things, the anticipated timing
and completion of the Chief Financial Officer transition and related matters, and the terms, timing,
vesting, and settlement of the RSUs. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the
statements are made and are based upon a number of assumptions and estimates that, while
considered reasonable by SPMC, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward-looking statements and the
parties have made assumptions and estimates based on or related to many of these factors. Such
factors include, without limitation, the risk that the Chief Financial Officer transition may not occur as
currently anticipated or at all, changes in market conditions, regulatory developments, the Company's
ability to retain key personnel, and other risk factors disclosed in the Company's public filings available
under its profile on SEDAR+ at
www.sedarplus.ca
. Readers should not place undue reliance on the
forward-looking statements and information contained in this news release concerning these items.
SPMC undertakes no obligation to update or revise any forward-looking information, except as required
by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290900