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Kainantu Resources Ltd ( (TSE:SPMC) ) just unveiled an update.
South Pacific Metals Corp., through its subsidiary Kainantu Resources Limited, has secured an interim court injunction to protect its exclusive exploration rights on the EL 2558 licence area in Papua New Guinea. The injunction restrains K92 Mining from interfering with the area, ensuring the integrity of SPMC’s exploration program and potential future development. This legal action underscores SPMC’s commitment to safeguarding its assets and could have significant implications for its operations and stakeholder interests.
More about Kainantu Resources Ltd
South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea’s gold and copper production corridors. It holds a 3,100 km² land package and focuses on four gold-copper projects: Anga, Osena, Kili Teke, and May River, with potential for significant mineralization.
Average Trading Volume: 59,077
Technical Sentiment Signal: Buy
Current Market Cap: C$33.19M
See more data about SPMC stock on TipRanks’ Stock Analysis page.
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