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Nautilus Minerals NUSMF (NUSMF)

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Last Post: 3/22/2014 3:30:45 PM - Followers: 36 - Board type: Free - Posts Today: 0



►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





Conference Call Presentations click here




TO VIEW VESSELS CLICK PHOTO ►                vessel











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   ►    


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.


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


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.


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 ( ).

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.


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






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Current Price
Bid Ask Day's Range
NUSMF News: Nautilus Minerals Completes Assembly of Bulk Cutter 04/10/2014 07:28:20 AM
NUSMF News: Nautilus Minerals Announces Release of Annual Results 03/28/2014 08:41:00 AM
NUSMF News: Nautilus Confirms Grade and Extent of CCZ Nodule Deposit 03/19/2014 07:46:27 AM
NUSMF News: Nautilus Minerals Terminates Agreement With the State 02/13/2014 06:46:56 AM
NUSMF News: Nautilus Minerals Update 10/24/2013 08:40:59 AM
#607   one example of what I say, I have pepemartinez 03/22/14 03:30:45 PM
#606   thanks and I know anglo is in with pepemartinez 03/22/14 03:28:21 PM
#605   I have been a Nautilus shareholder for over kentonmag1 03/21/14 10:42:49 AM
#604   Can someone tell me the total assets here? pepemartinez 03/20/14 03:37:03 AM
#603   hello new here, want 3000 shares but only pepemartinez 03/19/14 02:05:43 PM
#602   What is a good resource to learn about Cch28 02/15/14 02:30:22 PM
#601   What is a good resource to learn about Cch28 02/15/14 11:25:59 AM
#600   What is a good resource to learn about Cch28 02/15/14 11:22:53 AM
#599 Investentialist 02/14/14 12:28:07 PM
#598   Same here lol! Come on Nautilus let's get Deborah1 02/03/14 05:27:26 AM
#597   Unlike nautilus ....;) Investentialist 02/01/14 01:03:15 AM
#596   Long, strong and still underwater, Investentialist 02/01/14 01:02:59 AM
#595   Hellooooooo! Anybody out there lol......... Deborah1 01/30/14 04:32:01 PM
#594   I'm a long here and check occasionally to Deborah1 01/02/14 09:04:19 AM
#593   Some still check from time to time. lol THE BRAZEN BULL 01/01/14 01:23:12 AM
#592   Is this board still alive? MrDemas 12/31/13 01:31:41 AM
#591   Nautilus could open second Pacific seafloor mine in stockdummy10 10/18/13 11:13:40 AM
#590   After owning this for 3 years, it's about kentonmag1 10/03/13 06:33:49 PM
#589   With the project to be completed Oct 23rd slef 10/03/13 10:31:37 AM
#588   Well anyone still in this should be happy. slef 10/03/13 10:20:12 AM
#587   What just happened? Deborah1 09/13/13 03:58:58 PM
#586   On watch @ 0.4335 MIC 08/26/13 09:37:03 PM
#585   Nautilus Minerals Issues Statement in Response to Share kentonmag1 08/06/13 02:36:16 PM
#584   i'm a long time shareholder as well. Averaged Mister Young 08/06/13 12:36:44 PM
#583   I got caught holding the bag at $3 kentonmag1 08/06/13 12:00:24 PM
#582   Some resistance on the way, 0.52-0.64. Then 0.8-1 coming! Mister Young 08/06/13 10:40:27 AM
#581   At the moment i am happy that i Mister Young 08/06/13 10:07:19 AM
#580   Still moving in the right direction, hopefully someone kentonmag1 08/06/13 08:22:43 AM
#579   Still a holder, appears to have got a kentonmag1 07/08/13 11:11:28 AM
#578   ~ $NUSMF ~ Daily Par Sar Buy Signal Fa$tlane 07/03/13 05:39:50 PM
#577   Nautilus Minerals issues Options and Loan Shares johnsyn 07/02/13 09:26:34 AM
#576   Tuesday, May 21, 2013 johnsyn 05/21/13 08:45:16 AM
#575   Toronto Ontario, May 7, 2013 - Nautilus Minerals johnsyn 05/07/13 08:23:44 AM
#574   MB Holding Company LLC (MB Holding) announced today c_montrioux 04/17/13 12:43:55 PM
#573   Is there a link to the transcript up yet? Dickie D 04/04/13 11:23:50 AM
#572   GLTY. johnsyn 04/04/13 11:18:53 AM
#571   Was a decent call. Still have a positive DTrump 04/04/13 10:44:00 AM
#570   Toronto Ontario, April 3, 2013 - Nautilus Minerals johnsyn 04/03/13 09:33:10 AM
#569   Nautilus Minerals Files Preliminary Prospectus for C$40M Rights Offering johnsyn 03/28/13 04:12:46 PM
#568   Nautilus Minerals Issues Updated Technical Report for CCZ Project johnsyn 03/21/13 08:57:11 AM
#567   qtrly report johnsyn 03/15/13 08:42:01 AM
#566   Nautilus Minerals Announces Release of Annual Results johnsyn 03/15/13 08:39:02 AM
#565   I live in the UK and watched the mrkiwi 03/14/13 08:15:16 PM
#564   PDF FILE FEBRUARY 2013 stockdummy10 02/23/13 09:02:18 AM
#563   Just the usual >>> stockdummy10 02/23/13 09:00:20 AM
#562   Can anyone let me know what happened in Dickie D 02/22/13 10:52:38 AM
#561   Nautilus adopts Advance Notice Policy for future Shareholder Meetings johnsyn 02/21/13 09:55:43 AM
#560   Wednesday, February 20, 2013 johnsyn 02/20/13 10:13:25 AM
#559   Will Deep-sea Mining Yield an Underwater Gold Rush? stockdummy10 02/16/13 08:47:53 AM
#558   "Nautilus looking for a new spin doctor to stockdummy10 02/08/13 09:11:43 AM