About
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.
