Afri-Can's contractor IMDH says conversion of the sampling vessel DP Sampler is nearing completion at JSML Shipyard in Singapore ahead of block J diamond sampling work.
Teck Cominco has commenced an offshore exploration program over Nautilus Minerals' tenements in Papua New Guinea and Tonga, with rights to earn up to 50 per cent in joint ventures.
Nautilus Minerals reported 2007 annual results showing $214-million raised in equity placements, $310-million in cash, and 56 new exploration licences across the Pacific.