# South Pacific Metals Commences Exploration at the Kili Teke Copper-Gold Project, Papua New Guinea - Host to a 4.2Moz Gold-Equivalent NI 43-101 Inferred Resource Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/south-pacific-metals-commences-exploration-at-the-kili-teke-copper-gold-project--36980a2e-e376-4817-b504-0e74433ba823 Original source: https://money.tmx.com/en/quote/SPMC/news/5712344395397706/south-pacific-metals-commences-exploration-at-the-kili-teke-copper-gold-project- Publisher: tmx Original announcement: 2026-06-25T11:30:00.000Z 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, Tellurium, Arsenic - Document categories: Resource update, Other - Extracted: 2026-08-26 10:42:30 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary South Pacific Metals has commenced exploration at the Kili Teke Copper-Gold Project in Papua New Guinea. The project hosts a 4.2Moz AuEq NI 43-101 Inferred Resource and features several high-grade untested prospect areas, including porphyry, epithermal, and skarn targets. Reasoning: The announcement focuses on the commencement of exploration at a project with a large existing 4.2Moz AuEq Inferred resource, highlighting high-grade historical targets and new machine-learning targets. While the resource is substantial, it is entirely in the Inferred category and relies on historical data. - Positive factor: Large existing inferred resource - Positive factor: Significant untested prospect areas - Positive factor: High-grade historical intercepts - Positive factor: Strong stakeholder support - Negative factor: Resource is 100% Inferred - Negative factor: Historical data requires verification Facts used in scoring: 3 ## 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 entire 4.2Moz AuEq resource is classified as Inferred. Evidence · text > NI 43-101 Inferred Mineral Resource **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource is reported as an NI 43-101 Inferred Mineral Resource. Evidence · text > NI 43-101 Inferred Mineral Resource **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document describes an established resource base, not a maiden one. Evidence · text > Established resource base ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/south-pacific-metals-commences-exploration-at-the-kili-teke-copper-gold-project--36980a2e-e376-4817-b504-0e74433ba823#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: SPMC #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 0.24 - Grade Unit: g/t - Contained Metal: 1.81 - Contained Unit: Moz Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: Large scale inferred resource providing a significant base for exploration. - Positive factor: Large tonnage - Negative factor: Inferred category only Evidence · text > NI 43-101 Inferred Mineral Resource \(effective 18 November 2022\) of 237 Mt grading 0.24 g/t Au ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/south-pacific-metals-commences-exploration-at-the-kili-teke-copper-gold-project--36980a2e-e376-4817-b504-0e74433ba823#fact-resource-facts-1) copper #### Identity - Commodity: copper - Ticker: SPMC #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 802000 - Contained Unit: kt Cu #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: Significant copper component within the inferred resource. - Positive factor: Significant copper content - Negative factor: Inferred category only Evidence · text > 237 Mt grading 0.24 g/t Au and 0.34% Cu ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/south-pacific-metals-commences-exploration-at-the-kili-teke-copper-gold-project--36980a2e-e376-4817-b504-0e74433ba823#fact-resource-facts-2) molybdenum Historical result Needs review: historical\_restatement #### Identity - Commodity: molybdenum - Ticker: SPMC #### Resource Data - Category: inferred - Tonnes: 237000000 - Grade: 168 - Grade Unit: ppm - Contained Metal: 40000 - Contained Unit: kt Mo #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-01-12T00:00:00.000Z #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: Trace molybdenum reported as part of the resource. Evidence · text > containing 1.81 Moz Au, 802 kt Cu and 40 kt Mo ## 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.