Investment Highlights
- Focus on copper and gold: Sankamap Metals (CSE: SCU) focuses on the discovery and development of high-quality copper and gold deposits in the Solomon Islands, one of the last underexplored areas of the Pacific Ring of Fire.
- Two fully approved core projects: The Oceania Project includes the Kuma and Fauro projects, both 100% owned by Sankamap and with drilling targets for 2025/2026.
- Encouraging historical results: High-grade samples of up to 11.7% Cu and 13.5 g/t Au (Kuma) and up to 173 g/t Au (Fauro) confirm the potential of large-volume porphyry and epithermal systems.
- Experienced management team: Executives with decades of experience at BHP, Barrick, Teck, Agnico Eagle, and the Metals Group.
- Financially well positioned: Recent private placement of over CAD 4.8 million in October 2025 to finance ongoing exploration programs.
- Strategic location: Projects along the highly productive copper-gold corridor that is home to world-renowned mines such as Lihir and Panguna.
Company & Strategy
Sankamap Metals Inc. is a Canadian exploration company with the clear goal of identifying and developing high-quality copper and gold deposits in the South Pacific. With the Oceania Project, the company owns a strategically positioned exploration portfolio in the Solomon Islands, an emerging commodities region with geological parallels to Papua New Guinea, which is home to some of the world’s largest gold and copper deposits.
Sankamap is pursuing a systematic exploration strategy based on modern geophysical and geochemical methods to validate existing historical data and define new target zones. The focus is on both near-surface epithermal gold systems and deeper porphyry copper-gold zones.
The exploration programs for 2025/2026 are designed to specifically further develop the potential of both core projects – Kuma and Fauro. The aim is to prove economically viable resources in a largely undeveloped geological environment and, in the long term, to create the basis for possible production.
Market Environment
Geological Location: the Pacific Ring of Fire
The Solomon Islands are located in the southwestern Pacific and are part of the so-called Ring of Fire, a globally significant geological zone known for its abundance of gold and copper deposits. Along this tectonically active region are some of the largest known deposits, including Newcrest’s Lihir mine (71.9 million ounces of Au) and the Panguna mine on Bougainville (19.3 million ounces of Au, 5.3 million t Cu).
The tectonic development of the region is characterized by the collision of the Pacific and Australian plates and the formation of microtectonic structures, which have created ideal conditions for the formation of porphyry and epithermal copper-gold systems. This geological convergence offers exceptional conditions for new discoveries.
Economic Environment and Location Advantages
The Solomon Islands are considered a commodity-friendly country with growing interest in foreign investment in the mining sector. With access to the sea, existing infrastructure in Honiara and surrounding mining areas (e.g. Goldridge), Sankamap’s projects have logistical advantages and favorable conditions for future development work.
Project Portfolio
The Oceania Project
The Oceania Project is Sankamap’s core area and comprises two fully approved properties – Kuma and Fauro – with a total of over 286 km² of exploration area. Both projects are located along a highly productive copper-gold corridor that is geologically comparable to the Lihir and Panguna major deposits.
Fig. 1: Location of Ring of Fire Deposits
Kuma Property
Overview
The 100% owned Kuma property (45 km²) is located 37 kilometers southeast of the capital Honiara on the island of Guadalcanal. It is home to a drill-ready porphyry copper-gold target area with a potentially large-volume system. Historical samples yielded values of up to 11.7% Cu and 13.5 g/t Au, indicating a pronounced mineralized system.
Geology and Mineralization
The area is overlain by Miocene volcanic rocks intruded by diorites of the Koloula Complex. Geochemical studies and hyperspectral analyses have identified a lithocap over 2 kilometers wide, which exhibits typical alteration zones (phyllic, argillic, advanced argillic) – characteristic of high-sulfidation epithermal to porphyry systems.
Infrastructure and access
Kuma is located in the immediate vicinity of existing mines and infrastructure – only 20 km from the Goldridge mine – and has sea access, which facilitates transport. Accessibility is guaranteed by daily flights to Honiara as well as helicopter or boat connections.
Exploration program 2025/2026
The next program includes additional surface samples, geophysical surveys and diamond drilling. The aim is to confirm the known anomalies and to record the depth and continuity of the mineralized structures.
Fig. 2: Location of the Kuma Project in the Solomon Islands
Fauro Property
Overview
The Fauro property (241 km²) is located in the west of the Solomon Islands, around 12 km southeast of Bougainville (Papua New Guinea), and comprises several islands of volcanic origin. It is home to
Geology and Mineralization
Fauro is part of a collapsed caldera of volcanic origin. The host rock consists predominantly of basalt, andesite and dacites, interspersed with dioritic intrusions and volcanic breccias. Previous studies identified extensive hydrothermal alteration zones and mineralization that is geologically comparable to the Lihir mine.
During a site visit in May 2025, new rock samples confirmed the historical data: An average of 6.53 g/t Au, peak values of 19.25 g/t Au and 4.09% Cu. In addition, analyses showed high concentrations of typical epithermal indicator elements such as arsenic, lead and zinc (>10,000 ppm).
Exploration Plan 2025
A multi-stage exploration program is planned from the end of 2025: systematic surface sampling, geophysical surveys and subsequent core drilling program to confirm historical drill sections (e.g. 11 m with 4.03 g/t Au) and to explore deeper porphyry sources.
Fig. 3: Geological Map of Fauro Island with Main Zones
Management
Sankamap is led by an experienced management team with in-depth expertise in the exploration and development of precious and base metals.
- John Florek (CEO) – over 30 years of experience in senior technical positions at BHP, Barrick, Teck and Agnico Eagle. Member of the Board of Directors of McEwen Mining Inc.
- John Williamson (Chairman) – Geologist with more than 35 years of experience and founder of the Metals Group of Companies. Involved in over 20 successful commodities companies.
- Sean Mager (CFO) – over 30 years of industry experience, co-founder of the Metals Group, expert in corporate development and finance.
- Krystle Adair (VP Exploration) – Geologist (P.Geo) with 13 years of experience in North and South America; responsible for the operational implementation of the exploration programs.
- Arthur Hannett (Director) – Engineer from Bougainville with 17 years of experience, including at Placer Dome, Barrick and Agnico Eagle.
- Donald Marahare (Director) – Lawyer from the Solomon Islands, active in commercial and civil law practice for over 20 years; brings local market knowledge and governance expertise.
This combination of technical know-how, financial expertise and regional anchoring forms a solid basis for the long-term success of the company.
Outlook
With the completion of a capital increase of around CAD 4.8 million in October 2025, Sankamap is well financed to implement the next exploration phases on Fauro and Kuma. The results of the upcoming drilling programs will be crucial to confirm the geological potential of the properties and further increase the value of the company.
In addition, the region offers significant upside potential: Both projects are located along a proven metallogenesis zone that has already produced deposits of global significance. Through targeted exploration, modern analysis methods and experienced management, Sankamap has created the conditions to identify possible major discoveries.
Conclusion
Sankamap Metals is positioning itself as an emerging explorer in the copper and gold sector of the South Pacific. With the fully approved
