Company Overview - South Pacific Metals Corp. (SPMC) has appointed Mr. Timo Jauristo as Chief Executive Officer, effective June 30, 2025 [1] - The company operates in Papua New Guinea's gold and copper production corridors, with a land package of 3,100 km² and four key projects: Anga, Osena, Kili Teke, and May River [6][7] Leadership Experience - Mr. Jauristo brings over 40 years of leadership experience in the mining sector, having previously served as Executive Vice President of Corporate Development at Goldcorp Inc. [2] - His past roles include senior executive positions at Placer Dome and other leading mining firms, focusing on global exploration and corporate strategy [2] Strategic Initiatives - The company is initiating its maiden drill program at the Osena project, with Mr. Jauristo expressing enthusiasm about leading the company during this pivotal time [3] - The company aims to advance its Osena and Anga Gold-Copper Projects and mobilize for drilling at the Ontenu Target, which is considered a significant milestone [3] Stock Options and RSUs - Effective June 30, 2025, SPMC granted stock options and awarded restricted share units (RSUs) to directors and officers, totaling 1,200,000 common shares [3] - The stock options consist of 200,000 options with an exercise price of $0.49, vesting over three years [4] - An additional 1,000,000 RSUs were awarded, also vesting over three years [5] Project Potential - The Anga and Osena Projects are located in the high-grade Kainantu Gold District, with potential for lode-gold and porphyry copper-gold mineralization [7] - Kili Teke is an advanced exploration project near the Porgera Gold Mine, with existing Inferred Mineral Resource and opportunities for expansion [7] - The May River Project is adjacent to the Frieda River copper-gold project, indicating potential for significant untapped gold mineralization [7]
South Pacific Metals Appoints Timo Jauristo as CEO