# South Pacific Metals Targets Exploration Upside Outside the 4.2 Moz AuEq \(3.14B lbs. CuEq\) Inferred Resource at Kili Teke; First Rock Samples Dispatched Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062 Original source: https://money.tmx.com/en/quote/SPMC/news/7423926844061023/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l Publisher: tmx Original announcement: 2026-07-29T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: South Pacific Metals Corp. - Ticker: SPMC - Exchange: TSX - Region: Papua New Guinea - Primary commodity: Gold - Secondary commodities: Copper, Molybdenum, Silver, Zinc - Document categories: Resource update, Other, Drill results - Extracted: 2026-09-18 22:43:20 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary South Pacific Metals has commenced field work at the Kili Teke project in Papua New Guinea to explore targets outside its existing 4.2 Moz AuEq Inferred Resource. The program focuses on validating 14 machine-learning ranked targets, including high-grade skarn intercepts and an alkalic gold target. Reasoning: The company is initiating field work to validate high-grade targets \(skarns and alkalic gold\) that sit outside the existing 4.2 Moz AuEq porphyry resource. - Positive factor: High-grade historical skarn intercepts \(12.98% Cu, 11.75 g/t Au\) excluded from current resource - Positive factor: Machine-learning identified 14 ranked targets outside the current porphyry centre - Positive factor: Large existing Inferred Resource \(4.2 Moz AuEq\) provides a strong base - Positive factor: Surface geochemical anomalies \(up to 27.5% Cu\) suggest significant upside - Negative factor: Current resource is entirely Inferred - Negative factor: New assay results from current field work are not yet available Facts used in scoring: 5 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Kili Teke resource is explicitly stated as an NI 43-101 Inferred Resource. Evidence · text > Kili Teke hosts a National Instrument 43-101 \("NI 43-101"\) Inferred Resource of 4.2 Moz AuEq **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: The program targets mineralisation outside the current porphyry resource centre. Evidence · text > directed at mineralisation outside the current Mineral Resource **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Ridge Gold target is described as being 40 km from the Porgera gold mine. Evidence · text > located approximately 40 km from the Porgera gold mine ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### historical [Link to this fact](https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062#fact-drill-facts-3) Kili Teke · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: historical - Project: Kili Teke - Commodity: copper - Region: png - Reported Region: png - Ticker: SPMC #### Geometry - Grade: 12.98 - Grade Unit: % - Intercept: 7.8 m #### Classification - Deposit Type: skarn - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Exceptional copper grade in historical skarn drilling. - Positive factor: High-grade skarn intercept Evidence · text > 7.8 m at 12.98% Cu #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "More than 95% of the 36,917 metres of drilling completed on the Project to date was directed at that centre." ### historical [Link to this fact](https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062#fact-drill-facts-4) Kili Teke · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: historical - Project: Kili Teke - Commodity: gold - Region: png - Reported Region: png - Ticker: SPMC #### Geometry - Grade: 11.75 - Grade Unit: g/t - Intercept: 7.8 m #### Classification - Deposit Type: skarn - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Exceptional gold grade in historical skarn drilling. - Positive factor: High-grade skarn intercept Evidence · text > 7.8 m at 12.98% Cu and 11.75 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "More than 95% of the 36,917 metres of drilling completed on the Project to date was directed at that centre." ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062#fact-resource-facts-0) Kili Teke · gold #### Identity - Project: Kili Teke - Commodity: gold - Region: png - Reported Region: Papua New Guinea - Ticker: SPMC #### Resource scope - Estimate type: resource - Effective date: 2022-11-18T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Graeme J. Fleming - Resource group id: resource:d92366227a8b87f713e8 - Deposit or zone: porphyry centre - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 0.24 - Grade Unit: g/t - Contained Metal: 1.81 - Contained Unit: moz #### Prior Estimate - Resource Date: 2022-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Baseline resource fact for the project. - Negative factor: Entirely Inferred category Evidence · text > Kili Teke Mineral Resource is an NI 43-101 Inferred Resource of 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, containing approximately 1.81 Moz gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062#fact-resource-facts-1) Kili Teke · copper #### Identity - Project: Kili Teke - Commodity: copper - Region: png - Reported Region: Papua New Guinea - Ticker: SPMC #### Resource scope - Estimate type: resource - Effective date: 2022-11-18T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Graeme J. Fleming - Resource group id: resource:d92366227a8b87f713e8 - Deposit or zone: porphyry centre - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 802 - Contained Unit: kt #### Prior Estimate - Resource Date: 2022-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Baseline resource fact for the project. - Negative factor: Entirely Inferred category Evidence · text > 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, containing approximately 1.81 Moz gold, 802 kt copper #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/south-pacific-metals-targets-exploration-upside-outside-the-4-2-moz-aueq-3-14b-l--32b5359f-3280-4bb6-8f89-2f0144c2f062#fact-resource-facts-2) Kili Teke · molybdenum #### Identity - Project: Kili Teke - Commodity: molybdenum - Region: png - Reported Region: Papua New Guinea - Ticker: SPMC #### Resource scope - Estimate type: resource - Effective date: 2022-11-18T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Graeme J. Fleming - Resource group id: resource:d92366227a8b87f713e8 - Deposit or zone: porphyry centre - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 168 - Grade Unit: ppm - Contained Metal: 40 - Contained Unit: kt #### Prior Estimate - Resource Date: 2022-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Baseline resource fact for the project. - Negative factor: Entirely Inferred category Evidence · text > 237 Mt grading 0.34% Cu, 0.24 g/t Au and 168 ppm Mo, containing approximately 1.81 Moz gold, 802 kt copper and 40 kt molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.7 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.