Nautilus Minerals

Nautilus Minerals discovered five high-grade seafloor massive sulphide systems in the Bismarck Sea during its 2009 exploration campaign, with copper grades up to 32.4 per cent.

Nautilus Minerals received the final environmental permit for the Solwara 1 project from Papua New Guinea's Department of Environment and Conservation on Dec. 29, 2009.

Nautilus Minerals reported US$217.6 million in cash as of Sept. 30, 2009, and received approval in principle for the Solwara 1 environmental permit.

Nautilus Minerals discovered two new seafloor massive sulphide systems, Solwara 12 and Solwara 13, in Papua New Guinea's Bismarck Sea.

Nautilus Minerals signed a port deed with PNG Ports Corp for Rabaul port capacity for Solwara 1 and appointed Matthew Hammond to its board.

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.

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.

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.