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Nautilus Minerals NUSMF (NUSMF)

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Last Post: 6/9/2015 8:26:50 AM - 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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#818   They have released quite a few updates so Dickie D 06/09/15 08:26:50 AM
#817   This board never has been very active ,,,not Getitgogone 06/09/15 06:43:17 AM
#816   Let's get this board going again MasterBidder 06/09/15 01:56:21 AM
#815   thanks! Dickie D 04/09/15 12:43:31 PM
#814   I use to be MOD here and in Getitgogone 04/08/15 04:27:54 PM
#813   I love NUS but cant seem to find Dickie D 04/08/15 04:06:45 PM
#812   Curious why the news isnt being updated here? Dickie D 04/07/15 11:52:57 AM
#811   Were any of you able to take advantage dmlabuda 04/03/15 10:42:58 PM
#810   Nautilus CEO misleading the world on experimental seabed Getitgogone 03/17/15 04:58:49 PM
#809   Nautilus Minerals CEO Mike Johnston Talks Underwater Mining Getitgogone 03/17/15 04:55:42 PM
#808   PDAC 2015: Nautilus on track to seafloor production, Getitgogone 03/03/15 05:29:06 PM
#807   If you are looking for a good place dmlabuda 03/03/15 02:22:55 PM
#806   I'm a swing trader. I buy when dmlabuda 02/26/15 02:04:47 PM
#805   Not exactly an article about NUS only, but Crispy_2014 02/22/15 12:16:18 PM
#804   Awe, Muffin. You having a bad day? LOL WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE MasterBidder 02/13/15 04:58:45 PM
#802   How long do you recommend holding? Crispy_2014 02/12/15 08:01:08 PM
#801   I've just completed an analysis of the Weekly dmlabuda 02/06/15 01:09:05 PM
#800   "$10m shipbuilding deposit misdirected after cyber attack An morongobill 02/03/15 10:59:16 AM
#799   Wow I don't know what to say... talk MasterBidder 02/03/15 01:22:27 AM
#798   Have to agree. This threw me off when Crispy_2014 02/02/15 05:42:55 PM
#797   Cyber attack FTW!? This is some Hollywood chit MasterBidder 02/02/15 03:32:51 PM
#796   Nautilus Minerals completes assembly of the Collecting Machine mindovermatter 01/30/15 08:40:00 AM
#795   Long MasterBidder 01/08/15 02:52:02 PM
#794   Vancouver Resource Investment Conference January 18, 2015 mindovermatter 01/05/15 11:13:12 AM
#793   Lol so so so sad MasterBidder 01/05/15 09:31:58 AM
#791   I'm still well up donkey MasterBidder 01/04/15 09:24:25 PM
#790   yikes...... gonna need a miracle here, thought you Armani 01/03/15 05:33:13 PM
#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 Getitgogone 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 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 Getitgogone 12/11/14 04:03:10 AM
#769   Going back a little further ,,,,, Getitgogone 12/11/14 03:34:34 AM
#768   The question is being asked on a different Getitgogone 12/11/14 03:06:38 AM
#767   Typical MasterBidder 12/10/14 03:10:21 PM