South Pacific Metals Announces Appointment of Timo Jauristo as Strategic Advisor
South Pacific Metals Announces Appointment
of Timo Jauristo as Strategic Advisor
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) -
South Pacific Metals Corp.
(TSXV:
SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("
SPMC
" or "
South Pacific Metals
" or the "
Company
") is
pleased to announce the appointment of Mr. Timo Jauristo as a Strategic Advisor to the Company.
Mr. Jauristo brings over 40 years of mining industry leadership to South Pacific Metals, with a
distinguished track record spanning global exploration, project development, and corporate strategy. He
formerly served as Executive Vice President of Corporate Development at Goldcorp Inc., where he
played a pivotal role in the company's international growth through strategic acquisitions and project
evaluation. Prior to that, Timo held senior executive roles at Placer Dome and other major mining
companies, contributing to the advancement of several world-class gold and copper projects across the
Americas and Asia-Pacific. He is currently an independent director of Integra Resources Corp. and
previously served as a Senior Advisor to the Investment Banking division of Canaccord Genuity Corp.'s
Metals and Mining Group.
"As South Pacific Metals embarks on a pivotal exploration phase of drilling, we are fortunate to welcome
Timo Jauristo as Strategic Advisor," said Michael Murphy, SPMC Executive Chair. "Timo's connections,
coupled with his extensive board and advisory experience, has made him a trusted figure in the global
mining community. As the Company advances toward its maiden drill program, Timo's direct
involvement with our Osena and Anga Gold-Copper Projects underscores the significant untapped
potential of these assets and reinforces our commitment to unlocking value in PNG's prolific Kainantu
Gold Region."
Mr. Jauristo has been granted 500,000 share options of the Company in accordance with the
Company's Omnibus Compensation Plan. The share options are exercisable at a price of C$0.50 per
share for a period of five years from June 3, 2025 (the "
Grant Date
") and are subject to the policies of
the TSX Venture Exchange. In addition, the share options are subject to vesting provisions, pursuant to
which 1/3 of the share options vest on the Grant Date, a further 1/3 will vest on the one-year anniversary
of the Grant Date, and the remaining 1/3 will vest on the two-year anniversary of the Grant Date.
Figure 1.
Regional image showing location of Osena and Anga Projects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10890/254404_a9c5cc707462d813_001full.jpg
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. With an expansive 3,100 km² land
package and four transformative gold-copper projects contiguous with major producers K92 Mining,
PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are
prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to
prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke, and May River.
Immediately flanking K92 Mining's active drilling and gold producing operations to the northeast and
southwest, SPMC's Anga and Osena Projects are located within the high-grade Kainantu Gold District
— each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as
that present within K92's tenements. Kili Teke is an advanced exploration project situated only 40 km
from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple
opportunities for expansion and further discovery. The May River Project is located adjacent to the world-
renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant,
untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange
(TSXV: SPMC), the OTCQB Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE:
6J00).
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
Statements contained in this release that are not historical facts are forward-looking statements that
involve various risks and uncertainty affecting the business of SPMC. In making the forward-looking
statements, SPMC has applied certain assumptions that are based on information available to the
Company, including SPMC's strategic plan for the near and mid-term. There is no assurance that
such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Forward-looking statements may involve various risks and
uncertainties affecting the business of the Company. These forward-looking statements can generally
be identified as such because of the context of the statements, including such words as "believes,"
"anticipates," "expects," "plans", "may", "estimates", or words of a similar nature. Forward-looking
statements or information in this news release relate to, among other things: the Company's
upcoming exploration program. These forward-looking statements and information reflect the
Company's current views with respect to future events and are necessarily based upon a number of
assumptions that, while considered reasonable by the Company, are inherently subject to significant
operational, business, economic, regulatory, or other unforeseen uncertainties and contingencies.
These assumptions include, without limitation: success of the Company's projects, prices for metals
remaining as estimated, currency exchange rates remaining as estimated, availability of funds for the
Company's projects, capital, decommissioning and reclamation estimates, prices for energy inputs,
labour, materials, supplies and services (including transportation), no labour-related disruptions, no
unplanned delays or interruptions in scheduled construction and production, all necessary permits,
licenses and regulatory approvals are received in a timely manner, and the ability to comply with
environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The
Company cautions the reader that forward-looking statements and information involve known and
unknown risks, uncertainties and other factors that may cause actual results and developments to
differ materially from those expressed or implied by such forward-looking statements or information
contained in this news release and the Company has made assumptions and estimates based on or
related to many of these factors. Accordingly, readers should not place undue reliance on forward-
looking information. Such factors include, without limitation: fluctuations in gold prices, fluctuations in
prices for energy inputs, labour, materials, supplies and services (including transportation),
fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar), operational
risks and hazards inherent with the business of mineral exploration, inadequate insurance or inability
to obtain insurance to cover these risks and hazards, the Company's ability to obtain all necessary
permits, licenses and regulatory approvals in a timely manner, changes in laws, regulations and
government practices, including environmental, export and import laws and regulations, legal
restrictions relating to mineral exploration, increased competition in the mining industry for equipment
and qualified personnel, the availability of additional capital, title matters and the additional risks
identified in the Company's filings with Canadian securities regulators on SEDAR+
(
www.sedarplus.ca
). Although the Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on
forward-looking statements or information. These forward-looking statements are made as of the date
hereof and, except as required under applicable securities legislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances. Mineralization hosted
on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the
Company's property.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/254404