Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.53, delivering a surprise of -5.36%.Over the last four qua ...

Core Insights - South Pacific Metals Corp. has reported high-grade copper assay results from the Ontenu NE prospect, with values reaching up to 21.2% copper, indicating significant mineralization potential in the area [1][4][6]. Summary by Sections Company Overview - South Pacific Metals Corp. operates in Papua New Guinea's gold and copper production corridors, with a focus on exploration and discovery across its projects, including the Osena Project [21][23]. Recent Developments - The company has received multi-element rock chip assay results from the Ontenu NE prospect, which is part of the Osena Project located within the Kainantu Transfer Zone [1][4]. - The latest assays complement previously released high-grade gold results, showcasing a strong association of gold and base metals in the mineralized structures [3][4]. Assay Results - Significant assay results include: - 21.2% Cu, 214 g/t Ag, and 0.41 g/t Au from a 0.25m massive sulphide sample [6]. - 18.1% Cu, 310 g/t Ag, and 0.32 g/t Au from a 0.7m splay structure [6]. - 12.4% Cu, 131 g/t Ag, and 1.21 g/t Au from a 0.2-0.5m splay structure [6]. - Additional results from a separate zone at Ontenu NE include 1.2% Cu, 258 g/t Ag, and 8.65% Zn in a narrow quartz vein [6]. Geological Context - The Ontenu NE prospect features a 2 sq km area with multiple mineralized structures, characterized by a 19m wide zone of structures at the Onki Fault area [12][15]. - The geological setting is indicative of intermediate sulfidation epithermal deposits, similar to those mined by K92 Mining [4][14]. Future Plans - The company has commenced drilling in the southern part of Ontenu NE, aiming to test the high-potential structures identified through recent mapping and sampling [4][19].

Core Points - Sound Point Meridian Capital, Inc. has declared a monthly distribution of $0.25 per share for the fourth fiscal quarter of 2026 [1] Company Summary - The company is a closed-end management investment company registered under the Investment Company Act of 1940 [1]

Core Viewpoint - South Pacific Metals Corp. has initiated its first drilling program at the Ontenu Northeast prospect within the Osena project area in Papua New Guinea, aiming to explore potential high-grade epithermal Au-Cu veins [1][4]. Drilling Program Details - The drilling will assess whether the northwest trending mineralised structures are surface expressions of deeper epithermal Au-Cu veins, similar to those mined by K92 Mining Ltd. at their Kora and Judd deposits [2]. - The program targets recently discovered mineralised structures with surface samples showing up to 3.95 g/t Au, 645 g/t Ag, and 1.56% Cu across a 6 m wide outcrop [2]. - Additional structures with rock chip samples up to 13.9 g/t Au and 388 g/t Ag will also be tested [3]. - The company plans to drill four to six holes, totaling approximately 1500 meters, by the end of the 2025 field season [3]. Company Insights - The CEO of South Pacific Metals Corp. highlighted that this drill program is a significant milestone, as Ontenu Northeast has not been drilled before [4]. - The first drill hole is expected to intersect several mineralised structures at depths ranging from 100m to 250m, with further testing planned for other mineralised structures [4].

Core Insights - South Pacific Metals Corp. has announced the discovery of new gold-copper mineralized zones at Golkona South, part of the Anga Project in Papua New Guinea, which is adjacent to K92 Mining's tenements in a highly prospective gold-copper district [1][4]. Summary by Sections Highlights - A 2.2 × 1.1 km gold in soil anomaly has been identified, with peak values reaching 1080 ppb Au, marking the highest soil gold values reported on the Anga project to date [5]. - Two zones of high copper (over 1000 ppm Cu) and silver (over 250 ppb Ag) have been detected, with peak results of 3,397 ppm Cu and 2,160 ppb Ag [5]. - Panned concentrate samples from streams in Golkona South show up to 282 ppm Au, indicating a local source [5]. - The anomalous area aligns with mobile MT conductivity features, correlating with known deposits in the Kainantu region [5]. Next Steps - The company plans to continue geochemical sampling at Golkona South and the adjacent Golkona prospect, along with geological reconnaissance and mapping to better understand the mineralization [5]. - This information will assist in defining initial drill targets for further exploration [5]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² and four projects in Papua New Guinea, including Anga, Osena, Kili Teke, and May River [13][14]. - The company is strategically located within the high-grade Kainantu Gold District, with potential for similar mineralization as that found in K92 Mining's tenements [14].

Core Insights - South Pacific Metals Corp. has announced the discovery of additional mineralized structures at the Ontenu NE prospect within its Osena Project, with assay results showing high grades of gold and silver [1][4]. Summary by Sections Discovery and Assay Results - New mineralized structures have been identified, including assays of 13.9g/t Au and 388g/t Ag, along with other notable results such as 3.68g/t Au and 302g/t Ag [4]. - The newly discovered structures are located south of a previously reported zone, expanding the mineralized area [4]. - A total of 11 other samples returned assays between 0.1-1g/t Au, with silver values up to 184g/t and copper at 0.26% [4]. Geological Context - The Ontenu NE prospect is situated within the Kainantu Transfer Zone, which is known for hosting significant gold-copper deposits, including the Kainantu Gold-Copper mine operated by K92 Mining Ltd. [1][9]. - The project area has multiple epithermal Au-Cu targets, with at least six identified mineralized structures mapped over several hundred meters [4]. Future Plans - Ongoing mapping and sampling efforts are in place, with further assays pending [4]. - The company is in the process of planning drilling to test these new targets, with expectations to commence drilling in the coming month [5]. Project Overview - The Osena Project covers an area of 738 km² and is strategically located adjacent to K92's tenements, which host the Kainantu Gold Mine [9]. - The Ontenu Prospect is part of a larger mineralized corridor extending over 40 km in the Kainantu District, indicating significant exploration potential [9][13].

Core Insights - South Pacific Metals Corp. has announced the discovery of new mineralized structures at the Ontenu NE prospect within its Osena Project, with assay results showing up to 3.85g/t Au, 1.2% Cu, and 603g/t Ag in rock chip samples [1][3][5] Exploration and Assay Results - The exploration at Ontenu NE has recently pivoted, leading to the identification of several new mineralized structures that may represent upper levels of epithermal Au-Cu veins [3] - High assay results include: - 3.95g/t Au, 1.2% Cu, and 603ppm Ag from one sample - 7.69g/t Au in a 10-30cm wide vein in a sheared conglomerate outcrop - 9.34g/t Au and 272g/t Ag in a creek float rock sample [5][10] - The mineralized structures are associated with a >600m long Au-As soil anomaly and several Au-As (+Cu) soil anomalies extending up to 1,200m long [5][10] Project Overview - The Osena Project covers 738 km² and is strategically located adjacent to K92 Mining's Kainantu Gold Mine, which is a significant gold-copper mining operation [10][13] - The Ontenu Prospect is part of a larger mineralized corridor extending over 40 km northeast across the Kainantu District, with potential for large-scale copper-gold porphyry and epithermal vein targets [10][13] Future Plans - The company plans to commence drilling within the next month, targeting the identified epithermal Au-Cu veins based on ongoing mapping and sampling results [3][5]

Core Viewpoint - The National Court of Papua New Guinea has upheld an interim injunction that protects South Pacific Metals Corp.'s subsidiary, Kainantu Resources Limited, from interference by K92 Mining and the Mineral Resources Authority regarding Exploration Licence EL2558 [1][2]. Group 1: Injunction Details - The injunction restrains K92 Mining and the MRA from actions that interfere with KRL's exclusive rights over EL2558, including sterilization drilling and infrastructure development [2][6]. - The National Court has ordered that the injunctive relief remain in place until further notice and has awarded costs in favor of SPMC [2][3]. Group 2: Legal Background and Objectives - SPMC initiated legal action due to repeated instances of trespass and interference by K92 Mining on EL2558, aiming to safeguard its legal rights and maintain the integrity of its exploration programs [3][4]. - EL2558 is a key exploration focus for the company and may serve as a potential site for tailings storage if exploration proves non-economic [3]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four significant projects [5][8]. - The company's projects, including Anga and Osena, are located within the high-grade Kainantu Gold District, indicating potential for valuable mineralization similar to that of K92 Mining [8].

Core Viewpoint - South Pacific Metals Corp. has secured an interim injunction from the National Court of Justice of Papua New Guinea to protect its exclusive exploration rights on the EL 2558 exploration licence, which is being contested by K92 Mining [2][4]. Legal Proceedings - Kainantu Resources Limited, a wholly-owned subsidiary of South Pacific Metals Corp., has initiated legal action against K92 Mining and the Mineral Resources Authority to affirm its exclusive rights to Exploration Licence EL 2558 under the PNG Mining Act 1992 [3]. - The company is seeking declaratory relief to confirm its status as the sole registered holder of the exploration licence and to assert its rights over surface and subsurface mineral exploration within the licence boundaries [3]. Objectives and Implications - The company aims to protect its legal rights and maintain the integrity of its exploration program, ensuring that the licence area remains free from unauthorized activities [4]. - EL 2558 is a key focus for the company's exploration initiatives, and if these programs are deemed non-economic, the area could serve as a potential tailings facility [4]. Upcoming Legal Developments - The matter is scheduled for an inter partes hearing on August 22, 2025, to determine whether the injunctive relief will continue [4]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four significant projects adjacent to major producers [5]. - The company's projects, including Anga, Osena, Kili Teke, and May River, are strategically located within the Kainantu Gold District and have the potential for high-grade mineralization similar to that of K92 Mining [6][8].

Core Viewpoint - South Pacific Metals Corp. has engaged two marketing and advertising service providers, Capital Analytica and 45 Degrees, to enhance its investor engagement and market presence, with agreements commencing on July 29, 2025 [1][2][4]. Group 1: Engagement of Service Providers - Capital Analytica will provide a marketing support program for six months, including capital markets consultation and social media engagement, for a cash compensation of $120,000 [2]. - 45 Degrees will offer advertising services, including Google Ads and social media distribution, for stock options and reimbursement of pre-approved advertising expenses [4][5]. - Both service providers are arm's-length entities with no direct or indirect interest in South Pacific Metals [3][5]. Group 2: Stock Options and Restricted Share Units - The company has granted a total of 575,000 stock options and 175,000 restricted share units (RSUs) to certain consultants, including those from Capital Analytica and 45 Degrees, effective July 29, 2025 [6][8]. - The stock options have an exercise price of $0.55 and are subject to various vesting provisions over a period extending to July 29, 2030 [7]. - The RSUs will vest in two tranches, with 137,500 vesting one year from the grant date and the remaining 37,500 vesting two years from the grant date [8]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [11]. - The company's projects are strategically located near major producers, indicating potential for significant mineral discoveries [12].