South Pacific Metals Announces Management Change
South Pacific Metals Announces Management
Change
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - South Pacific Metals Corp. (TSXV:
SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("
SPMC
" or "
South Pacific Metals
" or the "
Company
")
announces that Ms. Cathy Fitzgerald will be stepping down as an officer and director of the Company,
effective July 11, 2025.
Cathy has played a pivotal role in the growth and strategic direction of South Pacific Metals. As
President, her leadership and technical expertise have been instrumental in shaping the Company's
exploration strategy and advancing its key projects. She has been a respected and valued member of
the executive team.
Michael Murphy, Executive Chair of the Board, commented: "
We are incredibly grateful to Cathy for her
dedication and leadership during a transformative period for South Pacific Metals. Her vision and
geological acumen have been vital in positioning the Company for success as we move into our
maiden drill campaign. On behalf of the entire team and Board of Directors, we thank her sincerely
and wish her continued success in all her future endeavors.
"
Mr. Murphy will be travelling to Papua New Guinea ("
PNG
") in the coming days to meet with the local
team and oversee final preparations for the launch of the Company's inaugural drill program at the
Osena Gold-Copper Project, located in PNG's world-class Kainantu Gold Region. Drilling is expected to
commence later this month.
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: Osena, Anga, 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: Ms. Fitzgerald's
upcoming departure from the Company and the Company's upcoming drill 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/255561