Neptune Minerals

Neptune Minerals has signed a letter of intent with C&C Technologies for AUV survey, sampling and vessel charter services to support Project Trident in New Zealand's EEZ.

Neptune (AIM: NPM) has issued 200,000 convertible performance shares under its staff executive incentive plan, taking the total on issue to 2,011,250.

The Company issued 18,300 new shares following warrant exercises, taking total shares in issue to 66,064,113, and granted 1,000,000 staff options at 43 pence.

The company issued 300,000 shares to chairman Peter Vanderspuy and 250,000 shares to director John Goodwin following exercise of options at 25p, taking shares in issue to 65,442,063.

Neptune Minerals Plc was notified that Morgan Stanley Securities Limited holds direct voting rights over 7.24 per cent of its voting capital.

Neptune Minerals has commissioned Technip and Boskalis to carry out a conceptual engineering scoping study on technologies for commercial development of its Seafloor Massive Sulphide deposits.

Neptune issued 3,719,222 share options at 35 pence under its executive incentive plan, including 1,614,556 to four directors, bringing total options on issue to 6,602,472.

Vanuatu granted Neptune Minerals ten prospecting licences covering 914km2 in its Exclusive Economic Zone.

Neptune Minerals Plc was notified on 11 October 2007 that RAB Special Situations (Master) Fund Limited no longer holds a notifiable interest in its voting rights.

Neptune Minerals reported preliminary results for the year ended 30 June 2007, including two new SMS discoveries and a Newmont Mining placement.