Poseidon

Nautilus Minerals has contracted Fugro to provide 124 days of exploration services using the MV Fugro Solstice across its Bismarck, Woodlark and Solomon Islands licences starting around Aug. 10, 2009.

Nautilus Minerals completed phase two of its 2009 Tongan exploration program, identifying 20 new water column anomalies and bringing the year's total to 32.

Nautilus Minerals Inc. issued a correction to its AGM results announcement, updating the list of directors re-elected by shareholders.

Nautilus Minerals shareholders approved all resolutions at the company's AGM held June 25, 2009, in London, including director elections and auditor reappointment.

Nautilus Minerals reported high-grade copper, gold, zinc and silver assay results from phase one of its 2009 Tongan exploration program on its 100-per-cent-owned prospecting licences.

Nautilus Minerals completed phase one of its 2009 Tongan exploration program, identifying 12 water column anomalies and recovering high-grade sulphide samples assaying up to 9.1% copper and 34.9% zinc.

Nautilus Minerals said operating costs for the Solwara 1 offshore production system are expected to range from $50 to $65 per tonne as cost-reduction and permitting work continues.