Nautilus Minerals

Nautilus Minerals has retained Technip to complete a pre-FEED engineering study of the offshore components of its Solwara 1 project in Papua New Guinea, due by September.

Nautilus Minerals received first drilling and sampling results from partner Placer Dome at the Solwara 1 seabed sulphide prospect in Papua New Guinea, confirming high-grade gold-copper mineralization.

Nautilus Minerals has appointed a new management team, including a chief operating officer and three vice-presidents, following its stock market listing.

Nautilus Minerals Inc. began trading May 10, 2006, after a $25-million private placement and completion of NMC's seafloor drilling and bulk sampling program at Solwara 1.

Nautilus Minerals Inc. completed its reverse takeover of Nautilus Minerals Corp. and Nautilus Minerals Oceania, changing its name from Orca Petroleum and beginning trading as a deep-sea copper-gold explorer.