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Nautilus Minerals NUSMF (NUSMF)

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Last Post: 3/29/2019 8:05:40 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 www.cares.nautilusminerals.com


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 (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.



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






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PlusOneCoin Top Posts
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#901   While Nautilus is bogged down with financial woes Getitgogone 03/29/19 08:05:40 PM
#900   They are getting delisted from the TSX;I'm just Getitgogone 03/28/19 08:21:39 PM
#899   Nautilus Provides Corporate Update Getitgogone 03/28/19 06:48:10 PM
#898   Call for PNG deep sea mining licenses to Getitgogone 03/13/19 11:47:05 PM
#897   PwC's first report to the court Getitgogone 03/09/19 11:52:26 PM
#896   Seabed mining project in PNG moves to sell assets Getitgogone 02/25/19 10:43:03 PM
#895   If this is the end of the line Getitgogone 02/25/19 08:57:52 PM
#894   P.S. To me it looks like Bankruptcy but I Getitgogone 02/24/19 01:29:49 AM
#893   Nautilus Minerals : files for relief under the Getitgogone 02/24/19 01:06:56 AM
#892   Not sure but...the fat lady is warming up Getitgogone 12/12/18 01:05:08 AM
#891   The time has come! Load the f’n boat!! BagHolder777 08/15/18 01:53:18 PM
#890   The time is not yet robert-1 04/21/18 10:39:27 AM
#889   Robots emerging as the perfect tool for dangerous Getitgogone 03/10/18 05:58:28 PM
#888   Undersea mining Getitgogone 03/08/18 02:36:03 PM
#887   The uncertainty of deep sea mining Getitgogone 03/07/18 11:26:12 AM
#886   Sea mining could destroy underwater Lost City Getitgogone 03/06/18 11:43:57 AM
#885   Where is nusmf going in pps in one Jman445sm 03/04/18 09:02:16 AM
#884   Deep Impact Getitgogone 03/01/18 02:54:40 PM
#883   At least ,for the moment it seems to Getitgogone 02/22/18 12:11:56 PM
#882   Been watching the media blitz ,sort of,.....contemplating all Getitgogone 02/22/18 11:29:41 AM
#881   http://www.bbc.co.uk/news/resources/idt-sh/deep_sea_mining DDhawk 02/20/18 05:01:26 PM
#880   Exceeding design spec? http://m.miningweekly.com/article/nautilus-production-eq Crispy_2014 01/30/18 08:16:20 AM
#879   I often find myself looking back here too. BrazenBull 01/23/18 01:45:24 AM
#878   I almost bought into this a few years mitcheroo 01/01/18 02:26:03 PM
#877   It's been a hard few years putting money Crispy_2014 11/25/17 08:33:04 AM
#876   Sounds like the two major share holders of Dittak 10/05/17 08:27:02 AM
#875   That's what I'm thinking. Plenty time to pick Dittak 10/05/17 07:26:32 AM
#874   I sincerely feel they will. Too close to Crispy_2014 10/05/17 07:25:15 AM
#873   Thank you. Interesting read. I hope nautilus finds Dittak 10/05/17 05:33:50 AM
#872   Japan mines seabed for zinc mitcheroo 10/04/17 02:33:01 PM
#871   Can you post the link pls Dittak 10/04/17 11:35:21 AM
#870   The Japan Oil, Gas and Metals National Corp. mitcheroo 10/03/17 10:54:15 AM
#869   Looks like a serious drop in price is Dittak 09/26/17 11:18:37 AM
#868   Thank you plenty time to build up a Dittak 09/14/17 05:24:14 PM
#867   Planning purposes even looking at end of March Crispy_2014 09/14/17 04:26:48 PM
#866   I took a large position in ffmgf over Dittak 09/14/17 03:17:18 PM
#865   I do. I have a good base so Crispy_2014 09/14/17 02:26:22 PM
#864   You think it's time to start loading up? Dittak 09/14/17 01:13:46 PM
#863   Crickets. Yes I'm here! Crispy_2014 09/14/17 01:12:35 PM
#862   Anybody out there? Dittak 09/14/17 10:46:14 AM
#861   Isn't today the deadline to secure the rest Zilge 06/30/17 03:59:37 PM
#860   Is deep sea mining vital for a greener Crispy_2014 06/18/17 07:27:20 AM
#859   Still trading in a very tight range with kentonmag1 06/08/17 09:55:37 AM
#858   The Wild West of Deep-Sea Mining Crispy_2014 05/19/17 08:38:17 AM
#857   Off-market insider buying at Nautilus Minerals (T:NUS) Updated Monday Crispy_2014 05/18/17 05:22:00 AM
#856   Company confident PNG seabed mining project on track Crispy_2014 05/16/17 11:56:38 AM
#855   It's exciting. I'd like to see this date Crispy_2014 05/10/17 08:19:24 AM
#854   The financial results announced today....The most positive comment kentonmag1 05/10/17 07:55:01 AM
#853   Agreed. When I have bought it changes Crispy_2014 04/26/17 07:22:23 AM
#852   Seems to be deep entrenchment in the 24 kentonmag1 04/25/17 10:19:15 PM