Key points
- Adam Wright resigned as vice-president of Papua New Guinea operations effective Feb. 26, 2018, after 3-1/2 years with Nautilus Minerals.
- CEO Mike Johnston credited Wright with contributions to project management, stakeholder and government engagement, and corporate social responsibility.
- Nautilus holds the first mining lease and environmental permit for the Solwara 1 seafloor massive sulphide deposit in Papua New Guinea’s territorial waters.
- Nautilus’s major shareholders are MB Holding Company LLC with a 29.3-per-cent interest and Metalloinvest with an 18.5-per-cent interest, each non-diluted.
Adam Wright, vice-president of Papua New Guinea operations, has resigned from Nautilus Minerals Inc., effective Feb. 26, 2018.
Nautilus’s chief executive officer Mike Johnston commented: “Over the past 3-1/2 years, Adam has played a significant role in the key areas of project management, stakeholder and government engagement, and corporate social responsibility. We would like to thank him for the valuable contributions he has made to Nautilus’s progress to date and wish him well in his future endeavours.”
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.
Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil and gas, which holds a 29.3-per-cent interest, and Metalloinvest, the largest iron ore producer in Europe and the Commonwealth of Independent States, which has an 18.5-per-cent holding (each on a non-diluted basis, excluding loan shares outstanding under the company’s share loan plan).
