Key points
- Golder Associates Pty. Ltd. prepared the technical report in accordance with National Instrument 43-101.
- The nodules lie within the Clarion-Clipperton zone of the tropical north Pacific Ocean at water depths generally between 4,000 and 6,000 metres.
- The nodules contain manganese, nickel, copper and cobalt.
- Mathew Nimmo of Golder Associates served as the independent qualified person, and the report has been filed on SEDAR and posted to the company’s website.
Nautilus Minerals Inc.’s 100-per-cent-owned subsidiary, Tonga Offshore Mining Ltd., has released an independent technical report prepared by Golder Associates Pty. Ltd. in accordance with National Instrument 43-101 in respect of a maiden mineral resource estimate for TOML’s Clarion-Clipperton, Fracture zone, polymetallic nodule project, located within the central Pacific Ocean.
General background
The nodules occur within the Clarion-Clipperton zone of the tropical north Pacific in water depths generally between 4,000 and 6,000 metres. They contain significant grades of manganese, nickel, copper and cobalt and form by the precipitation of metals on the sea floor, either directly from ocean waters or through decomposing micro-organisms and/or their effluent in benthic sediments.
Mathew Nimmo of Golder Associates as independent qualified person has prepared the technical information that forms the basis for this press release.
The report has been filed on SEDAR and is available from the company’s website.
