South Pacific Metals Corp. · TSXV:SPMC
South Pacific Metals — Investor Presentation (September 2026)
32 slides from South Pacific Metals's investor presentation, Sep 23, 2026
Slide 1: High-Grade Gold & Copper in Papua New Guinea's Premier Mining Belt
1 SOUTH PACIFIC METALS CORP. High-Grade Gold & Copper in Papua New Guinea’s Premier Mining Belt FOUR PROJECTS · THREE PROLIFIC PNG MINING DISTRICTS · PROXIMAL TO MAJOR MINES & DEPOSITS • Kili Teke *NI 43-101 Inferred Mineral Resource 4.2 Moz AuEq at 0.55 g/t AuEq (or 3.14B lbs CuEq at 0.60% CuEq) at
Slide 2: Disclaimer
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 2 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 offe
Slide 3: A High-Grade Discovery Story in a Re-rating Jurisdiction
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 3 A High-Grade Discovery Story in a Re-rating Jurisdiction Multi-asset Au-Cu portfolio in PNG Copper and gold across four projects — bordering or within kilometers of world-class, high-margin mines and deposits. Right place, right people, right time PNG is one
Slide 4: PNG: A Proven Gold-Copper Jurisdiction
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 4 PNG: A Proven Gold-Copper Jurisdiction Papua New Guinea hosts some of the largest, highest-margin mines on the planet, yet remains dramatically under-explored. After years of little investment, capital and operators have returned in force. Australian-style fr
Slide 5: Social & Environmental Licence
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 5 Social & Environmental Licence Strong community & government relations. In PNG, community and government relationships are the true licence to operate — and a durable competitive advantage. SPMC has received a letter from the Ontenu clan recognizing the Compa
Slide 6: Capital Structure
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 6 Capital Structure ~C$75M 14 ~45% Year-end Market Cap Institutions on register Insider held Financed through 2027 As at September 23, 2026 Quality holders Aligned ownership Funded work program SHARE PRICE C$0.80 (as at September 22, 2026) Major Shareholders Sh
Slide 7: Experienced & Successful In Mineral Resource Development
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 7 Experienced & Successful In Mineral Resource Development Michael Murphy, MBA, M.Sc., ICD.D. Founder of Torex Gold (TXG-T), now a $4B+ market-cap gold producer. Michael spent 12 years on the Torex board of directors, after Executive Chairman participating in r
Slide 8: Technical Team | On-site Team
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 8 Technical Team | On-site Team Octavio Garcia BGSc. Mr Garcia is responsible for geological and exploration supervision across the Company’s projects. He is a graduate of the Exploration Manager National University of San Juan, Argentina, and has 30 years of m
Slide 9: Four Projects in PNG's Proven Gold-Copper Districts
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 9 Four Projects in PNG's Proven Gold-Copper Districts KILI TEKE · Inferred Mineral Resource ~40 km from Barrick’s Porgera Mine (>30 Moz Au); Priority exploration area outside the current resource envelope; drill targets ready by end of Oct 2026 237 Mt grading 0
Slide 10: Kili Teke · The Mineral Resource
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 10 Kili Teke · The Mineral Resource A Cu-Au system defined on one portion of a singular porphyry centre – the Central Main Porphyry (CMP) 4.2 Moz AuEq 3.14 Blbs CuEq *inferred (43-101) *inferred (43-101) 0.55g/t AuEq or 0.60% CuEq • NI 43-101 Inferred 237 Mt @
Slide 11: The 43-101 Captured a Slice · Not The System
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 11 The 43-101 Captured a Slice · Not The System The 2022 Inferred Resource sits inside a single porphyry, trimmed to ~650m from surface, and excludes multiple proven high-grade targets. Priority opportunities to add nearby, near surface, high grade resources Hi
Slide 12: First New Field Results
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 12 First New Field Results SPMC’s first systematic exploration program at Kili Teke. Growing an open-pitable Cu-Au resource • Newly mapped massive sulphide unit over 200 metres along a north-south fault contact on the western margin of the Central Porphyry – On
Slide 13: The High-grade Skarn Halo Outside the Resource
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 13 The High-grade Skarn Halo Outside the Resource Skarns wrap the porphyry · and they are the highest grades on the property. Skarns – excluded from the resource Veined and mineralised diorite porphyry • Four skarns mapped at surface adjoining the Central Porph
Slide 14: Kili Teke Ridge Gold
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 14 Kili Teke Ridge Gold 2026 Proposed Work RGA - Alkalic Au Targets • Pathfinder signature characteristic of alkalic epithermal gold system; soil anomaly with peak values to 9,390 ppb Au and 1.5% Cu • Gridded soil program completed, pending assays. • Drill plan
Slide 15: Kili Teke Ieru
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 15 Kili Teke Ieru A second porphyry target. Ieru target undrilled • A potential secondary porphyry target: with potential alkalic overprint • Geophysical modelling indicates N-S elongate porphyry bodies • Magnetic inversion modelling has defined north-south elo
Slide 16: Kili Teke · Work Plan
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 16 Kili Teke · Work Plan Validating historical Completing soil and rock-chip Advancing ~600 kg of collected information sampling samples cross-checking legacy drilling, trenching across the Yalopi-Ieru, Ridge Gold-Kwaki through the lab for assay and soil result
Slide 17: Kainantu Transfer Zone (KTZ)
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 17 Kainantu Transfer Zone (KTZ) • One of 5+ major transfer structures across PNG, which host all major PNG Gold-Copper deposits. • Same transfer structure as K92 Mining's high-margin operation Kainantu Gold District — a developed mining district, including K92
Slide 18: Ontenu: 40 Years Of Work, Compiled Into One Model
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 18 Ontenu: 40 Years Of Work, Compiled Into One Model A 5 km x 3 km gold-copper cluster inside the 738 km² Osena Project · Every historic and modern dataset now sits in one database, and it tells us what we are looking for, where the grade sits, and how to find
Slide 19: Ontenu: Three Target Zones Drilled, High-Grade Hits
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 19 Ontenu: Three Target Zones Drilled, High-Grade Hits Ontenu NE comprises at least eight known structures over a 5km+ trend – SPMC has drill holes in three of these structures — Megabe, Onki and Jorkol. Megabe is now confirmed over 300m+ of strike. DRILL-HOLE
Slide 20: Advancing the Megabe Target
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 20 Advancing the Megabe Target Megabe was a first-hole discovery between Jorkol and Onki. Four step-out holes (ONED26-011 to -014) have since confirmed mineralised structures over more than 300 metres of strike, open along strike and at depth. DRILL-HOLE HIGHLI
Slide 21: Megabe Drilling
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 21 Megabe Drilling Sequencing the discovery of a new structure, to hitting high grade, to mapping more than 300m of the structure. Key questions - Answered • Is there a mineralised structure here? Confirmed — ONED26-007 returned 12 m @ 3.1 g/t Au, incl. 1 m @ 1
Slide 22: Central: New Mineralised Structures
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 22 Central: New mineralised Structures Why Central is also compelling • A ~2 km zoned alteration footprint with a porphyry signature sitting beneath the newly discovered (by mapping) mineralised structures • Much of the area remains to be mapped in detail •
Slide 23: Ontenu Comparison to K92 Mining
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 23 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 GC and Barrick, little concerted • Kora, Judd, discovered by Barrick, e
Slide 24: Anga - on K92's Doorstep
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 24 Anga - on K92's doorstep Highlights • ~1.5 km from K92's processing plant — within trucking distance of established infrastructure; ~3 km along strike from the Arakompa–Maniape vein systems. • Field exploration program completed: reconnaissance mapping, rock
Slide 25: Golkona to Golkona South
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 25 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
Slide 26: Golkona to Golkona South
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 26 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: • 281.8 g/t Au
Slide 27: May River - Beside a Giant
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 27 May River - Beside a Giant 25+ Years Exploration Data Consolidated & Evaluated Highlights • ~15 km from PanAust's Frieda River — one of the largest undeveloped Cu- Au projects globally — on a proven, infrastructure-rich belt. • Historic drilling confirms hig
Slide 28: May River - Skygate Trend
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 28 May River - Skygate Trend Porphyry-epithermal Cu-Au complex with 7 km strike • Similar structural and geological setting as giant Frieda River Cu-Au Porphyry-Epithermal Complex (15 km to the east) • Skygate comprises a cluster of four epithermal-porphyry Cu-
Slide 29: May River - Skiraisa Gold Breccia Deposit
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 29 May River - Skiraisa Gold Breccia Deposit High-sulfidation vein, breccia gold deposit & porphyry system • 3D Geological and geophysical modelling and deposit evaluation complete • Skiraisa is a shallow expression of a mineralised porphyry system • Historical
Slide 30: May River - Ufuo Complex
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 30 May River - Ufuo Complex Ufuo polymetallic high-grade massive sulphide complex • Ufuo polymetallic massive sulphide system comprises five bodies • Drilling returned ultra-high-grade Cu (+Zn, Pb, Au, Ag) near surface: • 010UF97: 19 m @ 11.47% Cu, 2.17g/t Au f
Slide 31: South Pacific Metals Investment Summary
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF 31 South Pacific Metals Investment Summary High grade, multiple Right place, right Drilling now, Built to deliver projects people, right time sequenced news flow Discovery Emerging catalysts Stacked news flow: pending Ontenu Central assays, continued Active dri
Slide 32: High-grade Gold & Copper, Multiple Tier 1 Projects, Drilling Now, Catalysts Ahead.
32 SOUTH PACIFIC METALS CORP. High-grade Gold & Copper, Multiple Tier 1 Projects, Drilling Now, Catalysts Ahead. MICHAEL MURPHY Executive Chairman info@southpacificmetals.ca TSX-V: SPMC OTCQB: SPMEF FSE: 6J00 1-604-260-0309 southpacificmetals.ca
South Pacific Metals — Investor Presentation (September 2026) on 6ix