Nautilus Minerals released its audited 2013 annual results, citing a favourable Papua New Guinea arbitration decision, a completed $40-million rights offering and Solwara 1 seafloor tools 90 per cent built.
Nautilus Minerals subsidiary Tonga Offshore Mining reported assay and multibeam survey results from its 2013 CCZ exploration program supporting nickel, copper, cobalt and manganese grades in its March 2013 NI 43-101 resource report.
Nautilus Minerals terminated its state equity option agreement with Papua New Guinea after the state failed to complete purchase of its 30-per-cent Solwara 1 interest and will now seek damages.