Afri-Can Marine Minerals closed a $650,000 non-brokered private placement of 4,062,500 units at 16 cents each, and its contracted sampling vessel is nearing completion of testing in Namibia.
Papua New Guinea's Department of Environment and Conservation has granted approval in principle for the environmental permit of Nautilus Minerals' Solwara 1 seafloor copper project.
Nautilus Minerals identified seven prospective hydrothermal target areas in its first two weeks of exploration aboard the MV Fugro Solstice in PNG's Bismarck Sea.
Afri-Can Marine Minerals said the contracted vessel MV DP The Explorer has left Cape Town for Walvis Bay, Namibia, ahead of sampling on its Block J diamond concession.
Nautilus Minerals reported unaudited second-quarter 2009 results showing $223.5 million in cash as at June 30, 2009, alongside progress at Solwara 1 and in Tonga.