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South Pacific Metals Corp. - Interim Injunction against K92 Mining and the MRA is Upheld by National Court of Papua New Guinea
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - South Pacific Metals Corp....
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[{"type":"text","content":"South Pacific Metals Corp. - Interim Injunction against K92 Mining and the MRA is Upheld by National Court of Papua New GuineaVancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (\"SPMC\" or the \"Company\") reports that the National Court Justice of Papua New Guinea (\"National Court\") has has upheld the interim injunction previously obtained by SPMC's wholly-owned subsidiary, Kainantu Resources Limited (\"KRL\"), in its proceedings against K92 Mining Limited (\"K92 Mining\") and the Mineral Resources Authority (\"MRA\") in relation to Exploration Licence EL2558.Scope of the InjunctionThe injunction restrains K92 Mining and the MRA from actions that interfere with KRL's exclusive rights over EL2558, including:Restraining K92 Mining from entering into or interfering with the EL2558 licence area, including conducting sterilization drilling or undertaking infrastructure development (such as the proposed tailings storage facility or solar farm).Preventing the MRA from accepting or processing any K92 Mining applications for leases or tenements over the EL2558 area.Following an in-depth review of submissions, the National Court affirmed SPMC's position and ordered that the injunctive relief remain in place until further order of the National Court. The National Court also awarded costs in favour of SPMC. The National Court has further asked parties whether they would like to go to nonbinding mediation or have the issue go to Trial. If this issue ends up in Trial, the primary issue to be decided is the interpretation of the Mining Act, whether or not SPMC (through its subsidiary KRL) has the exclusive right to apply for a Lease for Mining Purposes (\"LMP\") over its owned Exploration Licence. K92 Mining argues to the contrary that it has a right to apply for an LMP over land that is the subject of KRL's exploration tenement. Background and ObjectiveSPMC initiated legal action after repeated instances of what it believes to be trespass and interference by K92 Mining on EL2558. SPMC's objective is to safeguard its legal rights, maintain the integrity of its exploration programs, and ensure that the EL2558 licence area remains free from unauthorized activity. EL2558 is a key exploration focus for the Company and should exploration prove non-economic, rep...