Key points
- Nautilus Minerals submitted a mining lease (ML) application over Solwara 1 to the government of Papua New Guinea.
- A development proposal detailing the planned development of Solwara 1 was lodged simultaneously with the ML application.
- The application was accepted by Kepis Wali, managing director of the Minerals Resources Authority, on behalf of the PNG government.
- CEO Stephen Rogers said the filing formally commences the permitting process under PNG’s mining and environment acts.
Nautilus Minerals Inc. has submitted its mining lease (ML) application over Solwara 1 to the government of Papua New Guinea (PNG).
A development proposal, which details the planned development of the company’s Solwara 1 project, was lodged simultaneously with the mining lease application and accepted by Kepis Wali, managing director of the Minerals Resources Authority on behalf of the government of PNG.
Stephen Rogers, Nautilus’ chief executive officer, commented: “Lodging of this ML application is a key milestone for the Solwara 1 project and a historic event in the infancy of the sea floor mining industry. This formally commences the permitting process for the development of the Solwara 1 project as governed by PNG’s mining and environment acts, which clearly outlines compliance standards and the review process that is required for the development to proceed. We look forward to working with the PNG government over the coming months to secure this milestone approval.”
