Nautilus Minerals

Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) is an underwater mineral exploration company headquartered in Toronto, Canada.[1] It is the first company to commercially explore the seafloor for massive sulfide systems, a potential source of high grade copper, gold, zinc and silver. As of October 2010, Nautilus planned to commence production utilizing a newly constructed mining ship in the territorial waters of Papua New Guinea.[2]

The company's Solwara 1 Project is located at 1600 metres water depth in the Bismarck Sea, New Ireland Province.[3] It will be the world’s first deep-sea mining project.[3][4] The deposit is a high grade copper-gold resource and the world's first seafloor massive sulphide (SMS) resource.[3] The company plans to grow its tenement holdings in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, Vanuatu and New Zealand as well as other areas outside the Western Pacific.

References

  1. ↑ "Geoscience BC". November 2010.
  2. ↑ Terrestrial Telerobotic Mining Technology: An Enabler for Extraterrestrial Habitation, Mining and Construction, recorded on 31 October 2010, 52.25, Prof. Greg Baiden, Laurentian University, Talk given at the Space Manufacturing 14 conference, 29–31 October 2010, Space Studies Institute
  3. ↑ 3.0 3.1 3.2 "Solwara 1 Project – High Grade Copper and Gold". Nautilus Minerals Inc. 2010. Retrieved 14 September 2010.
  4. ↑ Hill, Matthew (2010-09-07). "Nautilus says could start undersea mining in 2013". Mining Weekly. Retrieved 14 September 2010.

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