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►Nautilus Minerals Inc ("Nautilus") is following the lead by the offshore oil and gas industry to tap vast offshore resources. It is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. Nautilus is developing a production system using existing technologies adapted from the offshore oil and gas industry to enable the extraction of these high grade Seafloor Massive Sulphide ("SMS") systems on a commercial scale.

►The world's first seafloor copper-gold project, Solwara 1, is under development in Papua New Guinea. Utilising technologies from the offshore oil and gas, dredging and mining industries, the project will mark the launch of this new deep water seafloor resource production industry.

►The Company plans to grow its tenement licences and exploration applications in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands and New Zealand both regionally and across the world.

►Listed on the Toronto (TSX) and London (AIM) exchanges, Nautilus has among its cornerstone shareholders three of the world's largest resource companies and its alliances and technical partnerships position it as the world leader in deep water exploration and development of minerals systems.




nautilus cares




                                                                                                                                                                                                                            

                                                                                                                                                                        

NAUTILUS NEWS
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Conference Call Presentations click here

STOCK INFORMATION click here

                                                                                                                                                                                                                                                                                                                                                 

 

TO VIEW VESSELS CLICK PHOTO ►                vessel
 






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ROV PHOTOS

ROCK/DRILL CORE PHOTOS

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PNG COMMUNITY PHOTOS

NAUTILUS COMMUNITY PHOTOS



 




Our current focus remains on delivering a cost effective and efficient system for our first commercial development, the Solwara 1 Project, which is located at 1600 metres water depth in the Bismarck Sea, Papua New Guinea.

The Company released an independent 275 page Definition and Cost Study ("Study") for the Solwara 1 Project in the second quarter of 2010. The Study provides in depth details on resources, production planning and equipment to be used in the proposed operations. The key conclusions for the Solwara 1 Offshore Production System are:

  • Capital costs, including those associated with barging to the Port of Rabaul, estimated to be US$383 million (including a 17.5% contingency).
  • Average operating costs to the Port of Rabaul estimated at US$70 per tonne (including a 10% contingency) based on a 1.35 million tonnes per year production rate.
  • Production rate commencing at 1.2 million tonnes per year (dry equivalent) with capacity to ramp up to 1.8 million tonnes per year.
  • Once approved by the Board of Nautilus, the build program is 30 months to commence commercial production.
Through strategic partnerships and collaboration with industry leaders from around the globe, the Company is refining existing technologies for the Solwara 1 project. Technologies from surface mining (rock cutting), dredging (slurry pumping/hard rock cutting/gathering) and offshore oil and gas (trenching/Remotely Operated Vehicles ("ROVs")/risers) sectors are being combined and adapted for the Solwara 1 Production System.



          click pic to view system   ►    
 


SOLWARA 1 RESOURCE

The exploration team drilled a 43-101 resource on the Solwara 1 Project in 2007 using newly developed ROV drills. The resulting high grade copper-gold resource was the world's first Seafloor Massive Sulphide ("SMS") resource statement. Results were as follows (December 20, 2007):

  • Indicated Mineral Resource: 870 kt @ 6.8% Cu, 4.8 g/t Au, 23 g/t Ag, 0.4% Zn.
  • Inferred Mineral Resource: 1,300 kt @ 7.5% Cu, 7.2 g/t Au, 37 g/t Ag, 0.8% Zn.
The detailed 43-101 resource report can be found here.

PERMITTING

The Mining Lease ("ML") application and the development proposal were both submitted to the Government of PNG in Q3, 2008 (October 3, 2008). The ML was granted by the Government of Papua New Guinea on January 17, 2011. (January 17, 2011). The Environmental Permit for the development of the Solwara 1 Project was granted in December 2009, by the Department of Environment and Conservation ("DEC") of Papua New Guinea for a term of 25 years, expiring in 2035 (January 5, 2010). To download the EIS and for more information on Safety, Community and the Environment, please visit our CARES pages www.cares.nautilusminerals.com

CURRENT ACTIVITY

The Project Development team continues production planning and engineering work on, materials handling, shipping, metallurgical testing and processing equipment. The team is actively engaged in sourcing production vessels, treatment solutions and other key contracts.

NEXT GENERATION PRODUCTION

Once Solwara 1 is operational, Nautilus plans to launch additional projects on our extensive tenement holdings across the South Pacific. To prepare for this growth we continue to evaluate technology from the perspective of its application to future production systems. Among the key technology areas that we will continue to evaluate and develop are:
  • Mobile mineralised material transhipment systems to increase flexibility and reduce material handling and transportation costs.

    Floating concentrator facilities for use at a sheltered near-shore location or ultimately, for offshore/on site application.

     

  • Improved scale/efficiencies in cutting, gathering and pumping equipment.

     

  • Equipment adaptations for rougher sea conditions.

 

 

 
August 11, 2011
Nautilus granted exploration tenements in Fijian waters



Vancouver, British Columbia, August 11, 2011
-- Nautilus Minerals Inc has become the first private sector organisation to be granted offshore exploration licences in Fiji.

The Fijian Government has granted the company 14 special prospecting licences, covering a total of approximately 60,000 km2. The territory is considered highly prospective, having been the subject of marine research by Japanese, French and other scientific cruises in the late 1980s and early 1990s.The licences each have an initial term of two years.

Under the terms of a regional area of interest agreement signed with Teck Resources in 2007, Teck holds the right to earn an interest in the Fijian tenements by contributing to exploration spending. Teck has not yet indicated whether it intends to exercise that right.

Following the grant of the Fijian leases, Nautilus holds exclusive exploration tenements covering a total of approximately 230,000 km2 in the western Pacific, and has applied for a further 370,000 km2, taking the total to approximately 600,000 km2 (www.nautilusminerals.com/i/pdf/FijiTenementsAug11.pdf ).

Nautilus' CEO, Steve Rogers said the award of the licences was an important step forward for Nautilus and for Fiji.

"The territory is very promising and has the potential to host significant high grade deposits of copper, zinc, silver and gold.
"Following the recent grant of exploration licences by the International Seabed Authority, the Fijian government's decision to select Nautilus as the first private sector, commercial organisation to be granted offshore exploration leases reconfirms the leading status of Nautilus in this new industry," he said.

Nautilus is developing the world's first deepwater seafloor resource development project at Solwara 1, in the Bismarck Sea of Papua New Guinea. The project is well advanced, with all permitting in place and construction of remote-controlled seafloor production equipment having commenced.


http://www.nautilusminerals.com/s/Investors-Presentations.asp



 




Drilling Campaign 2010
Chimney Sampling
ROV Drill
Seafloor Production Video Animation
To View all four Videos click here
                                                                                                         
 

                                                    
 

                                  

                                                                                                                           
 



 









 

 
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NUSMF News: Nautilus Minerals AGM Voting Results 06/25/2014 12:35:18 PM
NUSMF News: Nautilus Minerals Inc.: Auxiliary Cutter assembly has commenced at SMD 06/25/2014 05:51:47 AM
PostSubject
#789   I want it to keep dropping! Cheap food Feedthebear 12/19/14 01:08:54 PM
#788   Well whether it is manipulation or something else, mindovermatter 12/19/14 10:47:18 AM
#787   I can't understand why we are down? more pepemartinez 12/18/14 10:53:40 AM
#786   Looks like there will be some opps between MasterBidder 12/18/14 10:38:57 AM
#785   I'd love to buy more at half of mindovermatter 12/17/14 11:27:04 AM
#784   Buy the year end tax selling now and MasterBidder 12/17/14 11:08:34 AM
#783   incredible we have cash in hand and future pepemartinez 12/17/14 10:24:36 AM
#782   Deep sea mining is the future in Papua TooterTurtle 12/16/14 03:56:19 PM
#781   Not what I expected but I've been surprised MasterBidder 12/16/14 02:50:46 AM
#780   Not enough people know about this thing yet mindovermatter 12/12/14 02:20:17 PM
#779   https://www.google.com/finance?q=TSE%3ANUS&authuser=0&ed=us&ei=oxuLVNDuCsX1wAOt7 pepemartinez 12/12/14 11:48:51 AM
#778   incredible!!! what we need a billion $ into pepemartinez 12/12/14 11:13:33 AM
#777   someone remembers this? pepemartinez 12/12/14 05:51:04 AM
#776   Yes lets hope so, this is an investment kentonmag1 12/11/14 10:04:05 AM
#775   US$113 Million Released to Nautilus and Solwara 1 MasterBidder 12/11/14 09:45:00 AM
#774   I'm totally allright with you I avg down pepemartinez 12/11/14 09:34:41 AM
#773   I bought at the price you are hoping kentonmag1 12/11/14 09:15:59 AM
#772   what's your avg? I bought some between 0,20 pepemartinez 12/11/14 08:34:17 AM
#771   So we have the money, about time, now kentonmag1 12/11/14 08:09:55 AM
#770   China shipyard to build world's first deep-sea mining vessel TooterTurtle 12/11/14 04:03:10 AM
#769   Going back a little further ,,,,, TooterTurtle 12/11/14 03:34:34 AM
#768   The question is being asked on a different TooterTurtle 12/11/14 03:06:38 AM
#767   Typical MasterBidder 12/10/14 03:10:21 PM
#766   You're a day ahead of schedule .....the last TooterTurtle 12/10/14 03:09:45 PM
#765   Nusmf is $113m in better shape as of today MasterBidder 12/10/14 02:33:49 PM
#764   wheres the volume?! MasterBidder 12/10/14 12:11:48 PM
#763   Today felt like a great day to lower mindovermatter 12/09/14 01:51:38 PM
#762   "The fly in the deep sea mining ointment" TooterTurtle 12/08/14 06:07:33 PM
#761   I think December 11th there will likely be mindovermatter 12/04/14 04:11:05 PM
#760   Markets drunk MasterBidder 12/04/14 02:10:21 PM
#759   Markets snoozing on news today MasterBidder 11/28/14 02:57:20 PM
#758   Book value now around .70 MasterBidder 11/28/14 11:37:30 AM
#757   Its official: http://www.marketwired.com/press-release/escrowed-funds-to-be-rele MasterBidder 11/28/14 11:15:21 AM
#756   Funds should be released within 10 days which MasterBidder 11/26/14 06:04:43 PM
#755   Nice! MasterBidder 11/26/14 03:52:53 PM
#754   hit the sweet spot... mindovermatter 11/26/14 03:46:46 PM
#753   slappin'! mindovermatter 11/26/14 03:43:55 PM
#752   Get slapping ;) MasterBidder 11/26/14 03:42:33 PM
#751   Words getting out can see it on L2 MasterBidder 11/26/14 03:38:22 PM
#750   yeah they can keep selling this thing lower mindovermatter 11/26/14 03:34:44 PM
#749   Seems as though from lack of official update MasterBidder 11/26/14 03:27:19 PM
#748   loading! mindovermatter 11/26/14 03:25:57 PM
#747   Now that's what we're looking for! mindovermatter 11/26/14 03:25:34 PM
#746   https://subseaworldnews.com/2014/11/26/fujian-mawei-to-build-solwara-1-mining-ve MasterBidder 11/26/14 03:23:41 PM
#745   Deal's done, watch for the PR - http://www.oilpubs.com/oso/article.asp?v1=15245 MasterBidder 11/26/14 01:28:05 PM
#744   Should be any day now MasterBidder 11/19/14 03:41:16 PM
#743   looking forward to that news update mindovermatter 11/19/14 03:31:13 PM
#742   Nice - first payment by 28th and $113m MasterBidder 11/06/14 10:01:21 AM
#741   VESSEL CHARTER PR OUT mindovermatter 11/06/14 09:04:14 AM
#740   Getting closer to seeing some real movement finally... mindovermatter 10/23/14 03:10:42 PM
PostSubject