Afri-Can Marine Minerals completed a prefeasibility study on Mining Lease 111 off Namibia, estimating 319,000 carats of probable diamond reserves and a two-year initial mine life.
Afri-Can Marine Minerals Corp. signed a memorandum of understanding with International Mining and Dredging Holding Ltd. to develop and mine Mining Lease 111 and EPL 3403 off Namibia.
Nautilus Minerals reported unaudited third-quarter 2013 results, including a favourable Papua New Guinea arbitration decision and $54.0-million (U.S.) in cash as at Sept. 30, 2013.