Nautilus Minerals received final processed electromagnetic survey data over its Solwara 1 copper prospect in Papua New Guinea, indicating continuity of massive sulphide mineralization.
Nautilus Minerals was granted 16 offshore exploration licences in Tonga and 14 in the Solomon Islands, expanding its Western Pacific seafloor massive sulphide holdings.
Nautilus Minerals reported further high-grade copper and gold drill assays from its 2007 Solwara 1 program in Papua New Guinea's territorial waters, including 11.4 metres at 11.1% Cu and 6.5 g/t Au.
Nautilus Minerals released unaudited third-quarter 2007 results showing $262-million (U.S.) in cash, a $12.4-million (U.S.) net loss and 11 new Papua New Guinea exploration licences.
Nautilus Minerals mailed shareholders a notice and information circular for a Nov. 26, 2007 meeting to approve its private placement to Epion Holdings Ltd.
The Toronto Stock Exchange approved Nautilus Minerals Inc.'s US$39 million private placement to Epion Holdings Ltd., subject to shareholder approval by Dec. 25, 2007.