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].
South Pacific Metals Corp. Obtains Court Injunction to Protect Exclusive Exploration Rights on EL2558 Exploration Licence Bordering K92 to the Northeast