South Pacific Metals Corp. · TSXV:SPMC
South Pacific Metals — Investor Presentation (January 2026)
37 slides from South Pacific Metals's investor presentation, January 2026
Slide 1: High Grade Copper and Gold
High Grade Copper and Gold 4.2Moz AuEq at Kile Teke + District- Scale land Package surrounding K92 + Drilling Under Way + Fully Funded SOUTHPACIFICMETALS.CA TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF JANUARY 2026 KAINANTU RESOURCES LTD. (KRL) –PNG OPERATINGSUBSIDIARY, WHOLLY OWNED BY SPMC
Slide 2: Disclaimer
DISCLAIMER • Legal Disclaimer: This presentation is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, or subscribe for any securities in any jurisdiction in which such offer, solicitation or sale would be unlawf
Slide 3: South Pacific Metals Investment Case
SOUTH PACIFIC METALS INVESTMENT CASE Mineral Inventory at Kili Teke – Substantial high grade Drilling underway 4.2mil oz AuEq – with multiple mineralized land package additional outside of resource surrounding K92 targets Fully funded – BMO brokered Existing track record with the likes Tight share s
Slide 4: PNG Is One of the Last Under Explored Mining Frontiers
PNG IS ONE OF THE LAST UNDER EXPLORED MINING FRONTIERS SPMC’S MINERALIZED PROJECTS ARE POSITIONED TO TAKE ADVANTAGE OF THIS AND TO UNLOCK DISTRICT-SCALE Metal endowments based on estimates of published resources and past production. Au Equivalent grade based on equal recoveries of Au and Cu only and
Slide 5: Four Advanced Mineralized Properties
FOUR ADVANCED MINERALIZED PROPERTIES • 10 structural corridors identified from soil sampling • Analogous geology, geophysical anomalies, metal and mapping ANGA pathfinders & structure to that associated with ONTENU • Rock Samples 21 % Cu, 13.9 g/t Au, 645 g/t Ag mineralization at K92's systems (PART
Slide 6: Kainantu Gold District – Developed Mining District
KAINANTU GOLD DISTRICT – DEVELOPED MINING DISTRICT IMMEDIATELY ADJACENT TO K92 MINING’S OPERATION Excellent Neighborhood • Active gold mining in a well-endowed district Ability to Operate – Excellent Infrastructure • Highway access to both projects and • Nearby power and water Prospectivity for Kain
Slide 7: Osena-Ontenu: Developed Mining District
OSENA-ONTENU: DEVELOPED MINING DISTRICT ONTENU Ontenu NE • Laterally distal from Ontenu intrusive centre (Kora-Judd analogue) • Extensive NW-SE structures inferred (Kora-Judd analogue) • Strong Au-Cu-Te-As pathfinders with at least 6 corridors each 200m to >1km strike length • Rock chips up to 21% C
Slide 8: Osena-Ontenu Target Area: Porphyry with HS Epithermal System
OSENA-ONTENU TARGET AREA: PORPHYRY WITH HS EPITHERMAL SYSTEM Back ground image: MT apparent conductivity KAINANTU RESOURCES LTD. (KRL) – PNG OPERATING SUBSIDIARY, WHOLLY OWNED BY SPMC TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 8
Slide 9: Osena-Ontenu
OSENA-ONTENU >5km x 3km footprint of mineralization of fully preserved system: • Epithermal Au-Cu-Ag from surface • Porphyry Cu-Au target at depth • High Au in soils + pathfinders • Up to 73g/t Au, 645g/t Ag & 21% Cu in rocks KAINANTU RESOURCES LTD. (KRL) – PNG OPERATING SUBSIDIARY, WHOLLY OWNED BY
Slide 10: Osena-Ontenu NE: Epithermal Au-Cu Vein Targets
OSENA-ONTENU NE: EPITHERMAL AU-CU VEIN TARGETS ONTENU NE: EPITHERMAL AU-CU • New discovery from reconnaissance soils to drilling in less than 9 months. • At least 6 x high-grade epithermal Au-Cu target zones • Rocks up to 13.9g/t Au, 645g/t Ag, 21% Cu • Classically zoned from Au-Ag-Zn to Au-Cu-Ag •
Slide 11: Osena-Ontenu NE: Southern Area
OSENA-ONTENU NE: SOUTHERN AREA ONTENU NE: EPITHERMAL AU-CU • Currently drilling • Jorkol Breccia with 6m channel (3-4m true width) averaging 2.1g/t Au, 0.37% Cu, 211g/t Ag and peak value 3.95g/t, 1.56% Cu, 645g/t Ag • Multiple other epithermal structures with rocks up to 3.68g/t Au, 302g/t Ag, 4.74%
Slide 12: Osena-Ontenu NE: Southern Area
OSENA-ONTENU NE: SOUTHERN AREA ONTENU NE: EPITHERMAL AU-CU FIRST DRILL HOLE • Currently Drilling – First Hole Complete (assays pending) • Targeting: • Equivalent shale host to K92 • Hanging wall Au-Ag-Zn structures • Main Au-Cu-Ag-Zn structures of the Jorkol Breccias • Other drill pads being prepare
Slide 13: Osena-Ontenu NE: Southern Area
OSENA-ONTENU NE: SOUTHERN AREA ONTENU NE: CURRENTLY DRILLING Geology in this section is schematic and interpreted from surface work KAINANTU RESOURCES LTD. (KRL) – PNG OPERATING SUBSIDIARY, WHOLLY OWNED BY SPMC TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 13
Slide 14: Osena-Ontenu NE: Onki Fault Area
OSENA-ONTENU NE: ONKI FAULT AREA DRILL READY TARGET • Two significant NNE-SSW striking mineralized structures and multiple splays • Gold in shear zone up 8.6g/t Au • Copper in massive sulphide splay structures up to 21.1% Cu • Silver up to 310g/t Au • 19m wide target zone where splays join main Onki
Slide 15: Osena-Ontenu Central
OSENA-ONTENU CENTRAL ONTENU CENTRAL • 2 x main corridors each >1km long with high tenor >100ppb Au & >250ppm Cu in soils • Strong N-S and NE-SW structural control for targeting of high-sulphidation epithermal veins • Historic drilling did NOT intersect main interpreted structures yet still yielded a
Slide 16: Ontenu Comparison to K92 Mining
ONTENU COMPARISON TO K92 MINING K92 Mining – Kainantu Operations SPMC: Ontenu Prospect Area Discovery history • Irumafimpa discovered and mined by Barrick • Ontenu Central prospected by R G C and Barrick, little concerted follow • Kora, Judd, discovered by Barrick, expanded and mined by K92 up work.
Slide 17: Anga: Targeting K92-Style Lode-Gold Vein Mineralization
ANGA: TARGETING K9-STYLE LODE-GOLD VEIN MINERALIZATION • 4x3km footprint coincident gold-geophysical anomalies • 1.5 km east of K92’s plant, & only 3 km along strike from Arakompa vein system. • Analogous geology, geophysical anomalies, metal pathfinders & structure to that associated with mineraliz
Slide 18: Anga: Golkona to Golkona South
ANGA: GOLKONA TO GOLKONA SOUTH • Advanced geophysical modelling • Structures (demagnetized zones) linking to K92 deposits • Potential source intrusions • Upcoming mapping and sampling ahead of finalized drill targeting KAINANTU RESOURCES LTD. (KRL) – PNG OPERATING SUBSIDIARY, WHOLLY OWNED BY SPMC TS
Slide 19: Anga: Golkona to Golkona South
ANGA: GOLKONA TO GOLKONA SOUTH • Large gold-silver-copper anomalies 2.2 x 1.1km • Very high soil anomalies up to: • 1080ppb Au • 3397ppm Cu • 2160ppb Ag • Visible gold in stream sediment (PC) samples draining from target area with assays including: • 281.8g/t Au • 79.1g/t Au • 51.6g/t Au Gold in Soi
Slide 20: Discovery: Ontenu to Anga – Increasing Work Programs
ONTENU TO ANGA – INCREASING WORK PROGRAMS IT’S BEEN A BUSY TIME…AND GETTING BUSIER… 9x geologists 6x field technicians in 5x community relations Target Exploration Targets outside of the 43- in country the field sampling and personnel 101 and more coming surveying Historic data compilation Ontenu: n
Slide 21: Kili Teke Project
KILI TEKE PROJECT CLASSIC PORPHYRY CU-AU SYSTEM WITH POTENTIAL PORGERA-LIKE GOLD OVERPRINT • Located 40 km from the world-class Porgera Gold Mine, in a similar geological and structural setting • Road accessible and 100% owned • Acquired from Harmony Gold in 2023, who spent $25M defining an Inferred
Slide 22: Kili Teke Project
KILI TEKE PROJECT MULTIPLE DRILL-READY TARGETS PROXIMAL TO RESOURCE Kili Teke Cu -Au Project – Ten highly prospective targets proximal to resource Mineral Resource • Inferred Resource of 237Mt @ 0.24g/t Au, 0.34% Cu, (1.8Moz Au, 802Kt Cu = 4.2Moz AuEq*) Targets • Additional Cu at depth beneath the c
Slide 23: Kili Teke Project
KILI TEKE PROJECT MULTIPLE DRILL-READY TARGETS PROXIMAL TO RESOURCE Kili Teke Cu-Au Project: prospective targets proximal to resource Extensional Porphyry Targets • Resource trimmed at 400m below surface • High grade copper & gold noted at depth • Increase in Cu:S ratios indicating increase in coppe
Slide 24: Kili Teke Project: Porgera Analogy
KILI TEKE PROJECT PORGERA ANALOGY Kili Teke & Porgera • 40km along strike from Porgera: >30Moz Gold Deposit • Au-Te-As association at RGA and Ieru–Porgera analogue • E-W & NE-SW striking structures–Porgera analogue • Same host formations alkali intrusions–Porgera analogue Porgera: with >30Moz total
Slide 25: Kili Teke: Skarn Potential
KILI TEKE: SKARN POTENTIAL KILI TEKE SKARNS • Four skarns mapped at surface adjoining the Central Porphyry Veined and mineralised • Covering 26250 m2 of combined area diorite porphyry • 57 rock chips average 1.7% Cu with peak value of 27% Cu, 3.4g/t Au, 37.6g/t Ag, 3.3% Zn • Skarn excluded from MRE
Slide 26: Kili Teke: Skarn Potential
KILI TEKE: SKARN POTENTIAL KILI TEKE SKARNS • Drilling in skarns: • 7.8 m @ 12.98 % Cu, 11.75 g/t Au within • 54 m @ 2.1 % Cu, 1.82 g/t Au, 3.87 g/t Ag (878m down hole) • Bornite-Chalcopyrite-Magnetite – excluded in resource model • Ground magnetics to identify skarn shoots in the near surface KAINA
Slide 27: Kili Teke: Proposed 2026 Work
KILI TEKE: PROPOSED 2026 WORK KILI TEKE SKARNS 2026 Work Ieru – following up on 27m @ 0.97% Cu, 1.25g/t Au in trench • Close spaced soils and mapping to pin down Alkali Au targets at Ieru and RGA • Ground magnetics for near surface skarn • 2026 drilling possible, following mapping and sampling KAINA
Slide 28: May River Project
MAY RIVER PROJECT 25+ YEARS EXPLORATION DATA CONSOLIDATED & EVALUATED More than 20 targets, two of which host large scale previously drill prospects. Recent data review shows they host Au or Au-Cu mineralization: • Skygate Cu-Au Trend: • Adjacent to Frieda River (26.6Moz AuEq) • 7 km long Au-Cu mine
Slide 29: May River - Skygate Cu-Au Trend
MAY RIVER - SKYGATE CU-AU TREND PORPHYRY-EPITHERMAL CU-AU COMPLEX WITH 7 KM STRIKE Skygate Cu-Au Trend Geological and Structural Setting Relative to Frieda River • Similar structural and geological setting as giant Frieda River Cu-Au Porphyry-Epithermal Complex (15 km to the east) • Skygate comprise
Slide 30: May River - Skiraisa Gold Breccia Deposit
MAY RIVER - SKIRAISA GOLD BRECCIA DEPOSIT HIGH-SULFIDATION VEIN, BRECCIA GOLD DEPOSIT & PORPHYRY SYSTEM Skiraisa Gold Breccia 3D Model with High Sulfidation Gold and Porphyry Target • 3D Geological and geophysical modelling and deposit evaluation complete • Skiraisa is a shallow expression of a mine
Slide 31: May River - Ufuo Polymetallic Massive Sulfide Deposit
MAY RIVER - UFUO POLYMETALLIC MASSIVE SULFIDE DEPOSIT HIGH-GRADE MASSIVE SULFIDE COMPLEX Ufuo Massive Sulfide (Cu-Zn-Au-Ag-Pb) System – Drill Confirmed Body VMS4 • Ufuo polymetallic massive sulfide system comprises five bodies • Drilling returned ultra-high-grade Cu (+Zn, Pb, Au, Ag) near surface: •
Slide 32: Social & Environmental License
SOCIAL & ENVIRONMENTAL LICENSE ENVIRONMENT Company operations are driven by environmental stewardship. We strive to minimize our environmental impact and ensure responsible land management and rehabilitation in our activities SOCIAL We prioritize social responsibility by investing in local communiti
Slide 33: Leadership Team
LEADERSHIP TEAM EXPERIENCED & SUCCESSFUL IN MINERAL RESOURCE DEVELOPMENT Michael Murphy, Founder of Torex Gold (TXG-T), now a $4B+ market-cap gold producer. Michael spent 12 years on the Torex board of MBA, M.Sc., ICD.D. directors, after participating in raising over $1B of debt and equity. Prior to
Slide 34: Technical Team
TECHNICAL TEAM Oscar Clark A geologist with 18+ years international experience in remote operations. Oscar recently led a successful chromite investigation in Madagascar and has Project Manager significant experience in PNG having led two prior drilling projects. Oscar is a former Project Director w
Slide 35: Capital Structure
CAPITAL STRUCTURE Issued and Outstanding shares 69,140,020 Working Capital C$9.0M Options Outstanding 3,565,000 Option Proceeds C$2.0M (if exercised) Warrants Outstanding 22,385,995 Warrant Proceeds C$23.7M Total (Fully Diluted) 96,266,015 (if exercised) Fully Diluted Cash Balance Insider and Strate
Slide 36: Investment Summary
INVESTMENT SUMMARY Mineral Inventory at Kili Teke – Substantial high grade Drilling underway 4.2mil oz AuEq – with multiple mineralized land package additional outside of resource surrounding K92 targets Fully funded – BMO brokered Existing track record with the likes Tight share structure 69 mil $9
Slide 37: Michael Murphy
KAINANTU RESOURCES LTD. (KRL) – PNG OPERATING SUBSIDIARY, WHOLLY OWNED BY SPMC MICHAEL MURPHY Executive Chair info@southpacificmetals.ca
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