South Pacific Metals Corp. Obtains Court Injunction to Protect Exclusive Exploration Rights on EL2558 Exploration Licence Bordering K92 to the Northeast
South Pacific Metals Corp. Obtains Court
Injunction to Protect Exclusive Exploration
Rights on EL2558 Exploration Licence
Bordering K92 to the Northeast
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) -
South Pacific Metals Corp.
(TSXV:
SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("
SPMC
" or the "
Company
") announces that its wholly-owned
subsidiary, Kainantu Resources Limited, has obtained an interim injunction from the National Court of
Justice of Papua New Guinea ("
National Court
") restraining K92 Mining Limited ("
K92 Mining
") from
interfering with or contravening Kainantu Resources' exclusive exploration rights within its EL 2558
exploration licence area, including:
restraining K92 Mining from entering into or interfering with the EL 2558 area, including conducting
sterilization drilling, or undertaking infrastructure development (including the proposed tailings
storage facility and solar farm); and
preventing the Mineral Resources Authority from accepting or processing any K92 Mining
applications for leases or tenements over the EL 2558 area.
Kainantu Resources and the Company have commenced legal proceedings in the National Court
against K92 Mining and the Mineral Resources Authority. The Company has filed for declaratory relief to
confirm that Kainantu Resources is the exclusive registered holder of Exploration Licence EL 2558
under the PNG
Mining Act 1992
, and that it alone holds surface and subsurface mineral exploration
rights within the licence boundaries.
SPMC took this action following what it believes to be trespass and interference by K92 Mining on EL
2558. The Company's objective is to protect its legal rights, maintain the integrity of its exploration
program, and ensure that the licence area remains free from unauthorized activity. EL2558 is a focus of
SPMC exploration programs and should the exploration programs turn out to be non-economic, this area
is a potential tailings facility for SPMC. The matter will return on August 22, 2025, for an inter partes
hearing of the Notice of Motion filed August 13, 2025, as to whether the injunctive relief will continue.
SPMC will provide further updates as the proceedings develop.
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 Mining'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
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 upcoming inter partes
hearing regarding the Company's declaratory relief application. 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 ability of the Company to be granted the
declaratory relief sought from the National Court. Readers should not place undue reliance on the
forward-looking statements and information contained in this news release concerning these items.
SPMC does not assume any obligation to update the forward-looking statements of beliefs, opinions,
projections, or other factors, should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/262538