TSX.V SPMC:
0.45
FSE 6J00:
0.32
Gold:
N/A
Copper: 
N/A
TSX.V SPMC:
0.45
FSE 6J00:
0.32

Kili Teke Project

Inferred Mineral Resource &
Gold-Copper Porphyry

2.5 x 1.5 KM-SIZED AU-CU MINERALIZED SYSTEM

Overview

Project

Kili Teke – Gold & Copper

Land Package

252km²

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.

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 three high-priority copper and gold mineralized prospects adjacent to and associated with Kili Teke. 

  • Large-scale porphyry-skarn gold-copper system, hosting very high-grade intercepts not yet included in Inferred Mineral Resource Estimate
  • Nearby, the Leru Porphyry Target shows promising surface mineralization with a 132 m trench grading 0.5% Cu and 0.6 g/t Au. New tools, including AI, will offer fresh evaluation opportunities.
  • Two porphyry targets (Huawindi and Kendupwa) located along the same NE oriented structural feature that hosts Kili Teke require further exploration. Identified in early 2000’s by Barrick
  • Opportunity to evaluate the mineralized system with fresh eyes and new tools, such as AI targeting

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.