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Home Commodities Gold

South Pacific pushed ahead with fully-funded PNG exploration plan

by Ben Cartwright
January 28, 2026
in Copper, Gold, Latest news
Reading Time: 2 mins read
A A
Image: Vasiliy/stock.adobe.com

Image: Vasiliy/stock.adobe.com

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South Pacific Metals has announced a push forward with a fully funded exploration strategy across its extensive gold-copper land package in Papua New Guinea.

The Vancouver-based explorer controls over 3,100 square kilometres of prospective terrain across four key projects: Osena, Anga, Kili Teke and May River.

These holdings sit within established mineral belts and are contiguous with major producers including K92 Mining and PanAust, positioning the company in close proximity to known high-grade systems.

According to the company’s investor presentation, there is a clear development pathway in place, centred on  accelerating field programs throughout 2026.

The presentation highlighted the 4.2 million ounce gold-equivalent resource at Kili Teke, while also emphasising the district-scale potential of Osena and Anga, which sit along structural corridors similar to those hosting existing mines.

At Osena, the Ontenu target area stands out as a priority with extensive surface mineralisation and multiple prospective corridors now being tested by drilling, equipment acquisition and ongoing field mapping.

Rock samples at Ontenu, for example, have presented promising results including 21 per cent copper, 13.9 grams per tonne of gold and 645 grams per tonne of silver.

The company’s strategy follows a successful capital raise that has fully financed its exploration plans and enabled earlier logistics such as drill rig procurement.

South Pacific has stressed infrastructure advantages including highway access and supportive regional geology within the Kainantu gold district, factors that could accelerate discovery and delineation efforts.

As exploration ramps up, South Pacific Metals continues to build its footprint in one of Papua New Guinea’s most promising underexplored gold-copper provinces, with 2026 shaping up as a pivotal year for advancing multiple targets toward potential resource definition.

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PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. As the premier source of information for the latest industry updates in the Pacific nation, PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Resources Exhibition and Conference.

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