Nautilus Minerals

Nautilus Minerals extended the term of a Papua New Guinea government option to take up to a 30-per-cent stake in the Solwara 1 project until March 11, 2011.

Nautilus Minerals identified a second potential Bismarck Sea development project after drilling at Solwara 12 intersected copper-zinc mineralization at all five drill sites.

Nautilus Minerals confirmed certified assay results of up to 20.8 g/t gold and 37.7 per cent copper from seafloor drilling at the Solwara 1 project in Papua New Guinea.

Papua New Guinea granted Nautilus Minerals the world's first deep-sea mining lease for the Solwara 1 copper-gold project in the Bismarck Sea.

Nautilus Minerals reported high-grade copper intercepts, including one averaging 12 per cent copper, from seafloor drilling at its Solwara 1 project in Papua New Guinea.

Nautilus Minerals' deepwater drilling trials at Solwara 1 in Papua New Guinea confirmed high-grade copper mineralization extends beyond the project's previously identified massive sulphide system.

Nautilus Minerals appointed Joe Dowling, former Lihir Gold investor relations executive, as its new vice-president of investor relations and communications.

Nautilus Minerals reported Q3 2010 results showing $178.8-million (U.S.) in cash as at Sept. 30, 2010, while advancing Solwara 1 development and strategic partner talks.

Nautilus Minerals has started its 2010 drilling program at the Solwara projects in Papua New Guinea with the departure of the vessel REM Etive from Singapore.

Nautilus Minerals reported unaudited second-quarter 2010 financial results, including $185-million (U.S.) in cash and cash equivalents as at June 30, 2010.