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Ontenu Central Exploration Update: South Pacific Metals Extends Ontenu Central Mineralization over 1km in Preparation for Drill Program

Core Insights - South Pacific Metals Corp. is expanding mineralization at the Ontenu Central Prospect, part of the Osena Project, with a trenching and soil sampling program ahead of an imminent drilling campaign [1][3][5] Exploration and Drilling Plans - The company is preparing for drilling in the Westside Corridor at Ontenu Central, where mineralization continuity has been demonstrated over 1,000 meters with widths up to 80 meters [3][5] - The exploration program aims to connect various parts of the Ontenu area, indicating a large interconnected mineralization area of over 5 km by 3 km [3][5] - Drilling is expected to commence within weeks as the drill rig has arrived and is being commissioned [5][10] Trenching Results - The 2025 trenching program has yielded significant results, including: - 5 meters at 2.53 g/t Au within 87 meters at 0.41 g/t Au in trench ONT25TR-001 - 1 meter at 5.05 g/t Au within 50 meters at 0.35 g/t Au in trench ONT25TR-003 - 2 meters at 2.62 g/t Au within 30 meters at 0.46 g/t Au in trench ONT25TR-002, extending trench 1 to a total of 109 meters at 0.67 g/t Au [5][6][10] - The overall footprint of gold in soil anomalies now covers a 3 km by 5 km area, with significant geochemical signatures similar to K92 Mining's operations [5][12] Geological Context - Ontenu is located in the Kainantu Transfer Zone, which hosts the Kora-Judd vein system currently being mined by K92 Mining [5][19] - The mineralization is characterized by high-sulphidation epithermal Au-Cu targets, with strong associations of Au-Cu-Te-As [6][11] Regional Exploration - Ongoing reconnaissance and soil sampling at Ontenu Northeast have identified structures with previous results showing up to 10.3% Cu and 1.7 g/t Au [5][13] - The Osena Project covers 738 km² and is strategically located adjacent to K92 Mining's tenements, indicating potential for significant mineral discoveries [16][20]