Kili Teke Project

TSX.V SPMC:

0.51

OTCQB SPMEF:

0.38

FSE 6J00:

0.32

Gold:

2,655.00

Copper:

4.20

TSX.V SPMC:

0.51

OTCQB SPMEF:

0.38

Inferred Mineral Resource &
Gold-Copper Porphyry

CLASSIC PORPHYRY CU-AU SYSTEM WITH A POTENTIAL PORGERA-LIKE GOLD OVERPRINT

Overview

Project

Kili Teke – Gold & Copper

Land Package

253km²

Proximity

Barrick – Porgera operating gold mine

Stage

Exploration

The Kili Teke Porphyry Complex, situated within a 253 km² area fully owned and recently acquired from Harmony Gold in 2023, represents a substantial asset located 40 km west of Barrick/Zijin’s operating Porgera Gold Mine and 20 km northwest of the Mt. Kare gold deposit. The project hosts a 2017 Inferred Mineral Resource of 1.81 Moz Au, 802 kt Cu & 40 kt Mo. Results from a recent targeting exercise have revealed 10 new porphyry, skarn and “Porgera-style” Au exploration targets proximal to the Central Porphyry. Only partially tested, it’s widely believed that further exploration could greatly add to its metal inventory.

Overview

Project

Gold & Copper

Land Package

252 km²

Proximity

Barrick – Porgera operating gold mine

Stage

Exploration

The Kili Teke Porphyry Complex, situated within a 252 km² area fully owned and recently acquired from Harmony Gold in 2023, represents a substantial asset located 20 km northwest of the Mt. Kare gold deposit and 40 km west of Barrick’s operating Porgera gold mine. The project hosts a 2017 Inferred Mineral Resource of 237 million tonnes at 0.6% CuEq, including 0.34% Cu, 0.24 g/t Au, and 168 ppm Mo, totaling 802 kt Cu, 1.81 Moz Au, and 40 kt Mo. Only partially tested, it’s widely believed that further exploration could greatly add to its metal inventory.

2.5 x 1.5 KM-SIZED GOLD AND COPPER-MINERALIZED SYSTEM

Key Project Highlights

Existing Inferred Resources

237 million tonnes at 0.6% copper equivalent, including 0.34% copper, 0.24 g/t gold, and 168 ppm molybdenum

Re-Rate Potential

Multiple catalysts for re-rating with further expansion drilling and targeted exploration of proximal prospects

Untapped Potential

Approximately two-thirds of the tenure has yet to be explored by SPMC, presenting significant exploration opportunities

This complex is only partially tested, with significant mineralization potential below 650 m. There is considerable scope to augment the project’s metal inventory through infill and expansion drilling at the Kili Teke site itself, as well as drill testing multiple copper and gold mineralized prospects adjacent to and associated with Kili Teke.

Results from a recently completed targeting exercise using ALS Geoanalytics’ advanced technologies including geochemical analysis, 3D modelling and machine learning, have revealed 10 new exploration targets proximal to Kili Teke’s Central Porphyry which currently hosts an Inferred mineral resource of 1.81 Moz Au, 802 kt Cu & 40 kt Mo.

Large-scale porphyry-skarn gold-copper system – hosting very high-grade intercepts not yet included in Inferred Mineral Resource Estimate
New Porphyry Targets –
- Identified at depth beneath the current resource
- The Ieru Porphyry, now confirmed as a distinct separate system. Previous trenching returned 132 m at 0.5% Cu and 0.6 g/t Au
New Skarn Targets – identified adjacent to the current resource with potential to host high-grade Cu-Au, as evidenced by historically drilled skarns that returned 12.98 % Cu, 11.75 g/t Au and 21.07 g/t Ag over 7.8 m within 54 m @ 2.1% Cu, 1.82 g/t Au, 3.87 g/t Ag (from 878 m depth down hole)
“Porgera-Style” Au Targets – this style of mineralization is commonly associated with strong gold-tellurium-arsenic metal associations. Near to the current resource, the Ridge Gold Area (“RGA”) demonstrates these associations. Additionally, soil Au values of up to 9.3 g/t Au occur over a broad region (900 m by 300 m)

This project features a large-scale copper-gold porphyry system encompassing a significant mineralization and alteration footprint measuring 2.5×1.5 km. The site is noted for its association with high-grade skarns and breccias, indicative of proximal stockwork intrusions and skarn and intrusion-related gold mineralization.