Core Viewpoint - South Pacific Metals Corp. has acquired a man-portable diamond drill to enhance its gold and copper exploration efforts in Papua New Guinea, following a successful financing of C$6.3 million, which positions the company to advance its projects more aggressively [1][3]. Drill Rig Acquisition - The MultiPower MP500 Diamond Core Drill will facilitate early-stage target testing of high-grade gold and copper structures, with drilling expected to commence shortly after the equipment's arrival at the end of May [2]. - Dean Williamson, a former exploration operator from K92 Mining Inc., will lead the in-country drill crew for the 2025 drilling campaign [2]. Project Updates Osena Project - Focus is on the Ontenu Cu-Au Prospect, a large-scale copper-gold porphyry complex, with field sampling underway at Ontenu NE, which may host lode-gold style mineralization [4]. - Recent trench results from Ontenu Central include 79 meters averaging 0.75 g/t Au, with notable samples reaching up to 8.82 g/t Au [4]. Anga Project - Detailed soil grid sampling at the Irinke Prospect has defined a 2 km-wide mineralized corridor, similar to K92's Arakompa Discovery [5]. - A geochemical study confirmed the Arakompa-like signature of the Irinke target, indicating further mineralization potential [5]. Kili Teke Project - The project has an Inferred Mineral Resource of 1.81 million ounces of gold and 802,000 tonnes of copper, with significant exploration opportunities [7]. - Recent drilling by the previous operator returned high-grade results, including 12.98% Cu and 11.75 g/t Au over 7.8 meters [8]. May River Project - The Skygate Cu-Au Trend, including the Skiraisa Gold Breccia Prospect, has been prioritized for exploration, with historical drilling intercepts showing promising results [9]. - The Ufuo Prospect has also demonstrated high-grade polymetallic potential, with historical results including 19 meters at 11.47% Cu [9]. Company Overview - South Pacific Metals Corp. operates across a 3,100 km² land package in Papua New Guinea, focusing on gold and copper exploration in proximity to major producers [11][12]. - The company aims to leverage its strong treasury and experienced teams to drive discovery across its portfolio of projects: Osena, Anga, Kili Teke, and May River [11].

Core Viewpoint - South Pacific Metals Corp. has successfully completed the Warden's Hearing for the renewal of Exploration License EL 2310 for the Kili Teke Copper-Gold Project in Papua New Guinea, which hosts significant inferred mineral resources [2][3]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on responsible exploration and community engagement [10][12]. - The company is committed to ethical and environmentally sustainable practices in its exploration activities [6]. Project Details - The Kili Teke Project covers an area of 253 km² and is located approximately 40 km west of the Porgera Gold Mine, with an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum [2][4][8]. - The project was acquired from Harmony Gold Exploration Limited in 2023, which had previously conducted extensive exploration, including 36,000 meters of diamond drilling at an estimated cost of US$20 million [4][8]. Exploration and Development - The Warden's Hearing for the renewal of EL 2310 took place on March 11, 2025, with support from local landowners and community stakeholders [3]. - Recent exploration efforts have identified 10 new targets near the Central Porphyry, with various mineralization styles, including bulk-tonnage copper-rich and high-grade skarn targets [5][6]. - The company is currently focused on landowner mapping and community engagement to prioritize high-grade skarn and Porgera-style gold discoveries [6]. Technical Information - The Central Porphyry hosts an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum, with a total of 237 million tonnes at grades of 0.34% copper, 0.24 g/t gold, and 168 ppm molybdenum [2][8]. - Historical drilling has shown high-grade results, including 12.98% copper and 11.75 g/t gold over 7.8 meters [5].

Core Viewpoint - The stock market experienced a significant bull run from late 2022 through the end of 2024, primarily driven by the "Magnificent Seven" stocks, also referred to as Mag 7 stocks [1] Group 1: Market Trends - The bull run was characterized by a strong performance of high-yield income stocks and funds, including Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), Closed-End Funds (CEFs), and Exchange-Traded Funds (ETFs) [1] - The article highlights the importance of understanding market psychology alongside financial metrics, indicating a dual focus on behavioral and financial analysis in investment strategies [1] Group 2: Investment Strategy - The focus is on income-oriented investing, particularly in dividend-paying stocks, to enhance retirement income beyond traditional sources like pensions and Social Security [1] - The narrative emphasizes the need for individual investors to conduct their own due diligence before making investment decisions, reflecting a cautious approach to stock market participation [1]

Group 1 - The article provides an update on the CLO Equity CEF Sound Point Meridian Capital (NYSE: SPMC) following the release of its Q4 numbers [1] - It discusses the broader sector related to CLO Equity CEFs, indicating a focus on market trends and performance [1] - The article encourages exploration of Systematic Income and their Income Portfolios, which are designed with yield and risk management in mind [1] Group 2 - The article mentions the availability of Investor Guides for CEFs, Preferreds, and PIMCO CEFs, suggesting resources for investors [2] - It promotes a no-risk trial for potential investors, highlighting a 2-week free trial offer [2]

Core Viewpoint - South Pacific Metals Corp. has successfully closed a C$6.3 million financing, enabling the company to advance extensive exploration programs across its four gold-copper projects in Papua New Guinea [1][3]. Exploration Activities - Upcoming exploration activities at the May River, Osena, Anga, and Kili Teke Projects will include systematic sampling, trenching, and drilling to define and expand the mineral potential of each property [2]. - The exploration programs aim to build on existing geological data, confirm high-priority targets, and advance the projects toward potential resource delineation [2]. Financial Backing and Strategy - The company is poised to move forward with its exploration strategy, having secured full financial backing, which allows for aggressive advancement of its projects [3]. - Surface exploration programs will continue to identify additional targets, while drilling will focus on high-potential areas confirmed in the previous year [3]. Investor Relations - The company has engaged Danayi Capital Corp. to provide investor relations and digital marketing services, subject to acceptance by the TSX Venture Exchange [4]. - The services will include digital media, marketing strategies, and advertising for a fee of US$50,000 for one trial month, with the option to extend the agreement [5]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea's proven gold and copper production corridors, with a 3,100 km² land package [6]. - The company’s projects are strategically located near major producers, with Anga and Osena Projects flanking K92's operations, and Kili Teke situated near the Porgera Gold Mine [7].

Financial Data and Key Metrics Changes - For Q3 2025, the company reported net investment income (NII) of $12.5 million, or $0.62 per common share, and net realized gains of $2 million, with total expenses of $7.5 million [7][13] - GAAP net income for the quarter was $32.2 million, or $1.59 per share, with total assets of $523.4 million and net assets of $415.9 million [14] - The net asset value (NAV) per share increased to $20.52, up from $19.59 as of September 30, 2024 [8] Business Line Data and Key Metrics Changes - The company deployed approximately $43.4 million in eight CLO warehouse investments, closing six new warehouses with an amortized cost of $66.7 million and a weighted average GAAP yield of 15.4% [8] - The weighted average GAAP yield on the equity portfolio decreased to 15.2% from 15.7% due to loan repricings in underlying CLO portfolios [9] Market Data and Key Metrics Changes - Primary loan activity reached $400 billion in Q4 2024, marking the second-largest quarter on record, with a total of $1.4 trillion for the year, 41% higher than the previous record year [16][18] - New CLO issuance volume was $60 billion in Q4 2024, a significant increase from $41 billion in Q3 2024, contributing to a record annual issuance of $202 billion [18][19] Company Strategy and Development Direction - The company aims to leverage its diversified portfolio across 74 CLO investments managed by 23 CLO managers to manage risk effectively and provide sustainable dividends [10] - The strategy includes focusing on primary market investments due to cleaner portfolios and better risk parameters compared to secondary markets [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit quality of loans, noting that default rates remain low at 1.5%, below the historical average [22][28] - The company remains bullish on CLO equity as an effective investment strategy, anticipating continued opportunities in the CLO market [22][23] Other Important Information - The company announced a monthly distribution increase to $0.25 per share for Q2 2025, reflecting a 4.2% increase over the previous quarter [11] - The company is exploring additional capital raising opportunities to continue growing its portfolio, considering both fixed and floating rate options [50][52] Q&A Session Summary Question: How does the active primary CLO market affect credit quality? - Management noted that while the market is busy with new issuances, much of it involves refinancing and resets, and they remain focused on credit quality, which is currently strong [27][28] Question: What systems are used to identify investment opportunities? - The company utilizes a proprietary system called Compass to analyze data and identify successful managers and deals, ensuring a disciplined investment approach [32][34] Question: How does the risk-reward compare between primary and secondary markets? - Management prefers the primary market due to cleaner portfolios and higher expected returns, while still monitoring secondary market opportunities [40][42] Question: What drove the unrealized gains this quarter? - Unrealized gains were attributed to resets of CLOs and tighter yields in the secondary market, contributing to an increase in NAV [54][56]

The information presented herein including, but not limited to, Sound Point's and SPMC's organizational structure, investment experience/views, returns or performance, investment strategies, market opportunity, risk analysis and management, representative investments, benchmarks, investment process, portfolio construction, as well as expectations and targets may involve our subjective views, include assumptions and estimates as well as facts and information from third party sources believed to be accurate a ...

South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of DirectorsCompany Retains Agentis Capital Mining Partners for Advisory ServicesFebruary 04, 2025 7:30 AM EST | Source: South Pacific Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce that is has closed its previously announced non-brokered privat ...

Core Viewpoint - South Pacific Metals Corp. has increased its non-brokered private placement offering from $4 million to $6.3 million due to heightened investor interest [1]. Group 1: Offering Details - The offering will consist of up to 13,125,000 units priced at C$0.48 per unit, aiming for gross proceeds of up to C$6,300,000 [1]. - Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 for 24 months [2]. - The offering is expected to close on or about January 29, 2025, pending necessary regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration work on the company's properties in Papua New Guinea, as well as for general administrative and working capital purposes [3]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on four key projects: Anga, Osena, Kili Teke, and May River [5]. - The Anga and Osena projects are located in the Kainantu Gold District, with potential for high-grade mineralization similar to that of K92 Mining [6]. - Kili Teke is an advanced exploration project with an existing inferred mineral resource, while May River is adjacent to the Frieda River copper-gold project, indicating significant untapped potential [6].

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") announces that it has changed its auditor from Smythe LLP (the "Former Auditor") to Davidson & Company LLP (the "Successor Auditor") effective December 10, 2024.In accordance with National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"), the Company has filed a Notice of Change of Auditor with respect to the resignation of the For ...