Nautilus Minerals NUSMF (NUSMF)

[Crispy_2014]

Nautilus Minerals to Test Seafloor Mining Tools
Posted by Eric Haun April 18, 2017

Canada based Nautilus Minerals Inc. said its Seafloor Production Tools have arrived in Papua New Guinea (PNG), and will shortly commence submerged trials.

Nautilus’ CEO Mike Johnston said, “We are delighted to be undertaking submerged trials in PNG. The trials will result in money and investment going into the PNG economy, and the employment of Papua New Guineans in state-of-the-art technology which are some of the key benefits of seafloor production. The trials also allow us to work closely with our partner Petromin, government officers from the various government agencies, as well as representatives from Provincial Governments of New Ireland and East New Britain.”

The submerged trials will take place in an existing facility on Motukea Island, near Port Moresby in PNG.

Nautilus was granted the first mining lease and environmental permit for polymetallic seafloor massive sulphide deposits at the prospect known as Solwara 1, in the territorial waters of PNG, where in the coming years it is aiming to produce copper, gold and silver.

http://www.marinetechnologynews.com/news/nautilus-minerals-seafloor-mining-547422