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South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) -   South Pacific Metals Cor...
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[{"type":"text","content":"South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - March 31, 2025) -  South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (\"SPMC\" or the \"Company\") is pleased to report the successful completion of the Warden's Hearing for the renewal of Exploration License EL 2310, covering the 253 km2 concession comprising the Kili Teke Copper-Gold Project (the \"Project\"), located in Papua New Guinea. The Project currently hosts an Inferred Mineral Resource defined on only a portion of the system: the Central Porphyry hosts 1.81 Moz Au, 802 kt Cu & 40 kt Mo contained metal, in 237 Mt at 0.34% cu, 0.24 g/t Au &, 168 ppm Mo1 (see January 12, 2023, press release and technical report available on SEDAR+ under the Company's profile at www.sedarplus.ca). The Warden's Hearing for EL 2310, which is a mandatory part of the renewal process for all exploration licenses in Papua New Guinea, took place on March 11, 2025, with principal landowners present. The meeting was conducted by senior Mineral Resources Authority Mining Warden Mr. Kopi Wapa and attended by community stakeholders and landowners who were supportive of EL 2310's renewal and plans for exploration programs under new SPMC management. Renewals of exploration licenses are for two-year terms. With road access to the tenement and a nearby airfield, the Project is situated in the Western Highlands of Papua New Guinea within the world-class producing Papuan Fold Belt and just 40 km west of Barrick/Zijin's Porgera Gold Mine and only 20 km northwest of the Mt. Kare Project, a historic gold mine. The Project was acquired from Harmony Gold Exploration Limited (\"Harmony Gold\") in 2023, having completed extensive exploration in and around a copper porphyry deposit (the \"Central Porphyry\"). This included extensive diamond drilling of approximately 36,000 m at an estimated cost if US$20 million within the deposit.Most recently, results from the latest targeting exercise (see October 1, 2024, press release) have revealed 10 new exploration targets proximal to the Central Porphyry with at least three mineralization styles identified (see Figure 1), including bulk-tonnage copper-rich targets (Ieru Porphyry), Porgera-style gold-rich targets (Ridge G...