Nautilus Minerals has signed agreements with United Engineering Services LLC to support wet testing and storage of its seafloor production equipment in Oman.
Papua New Guinea's state nominee Eda Kopa (Solwara) Ltd. has decided not to exercise its option for a further 15 per cent interest in Nautilus Minerals' Solwara 1 project.
Nautilus Minerals and Tongling Nonferrous Metals signed a new master ores sales and processing agreement (MOSPA) for the Solwara 1 seafloor deposit, replacing their 2012 heads of agreement.
Nautilus Minerals board members toured Fujian Mawei Shipbuilding to review construction progress on the production support vessel for the Solwara 1 project.
Nautilus Minerals reported unaudited Q2 2015 financial results, including $84.6-million (U.S.) in cash and continued progress on the Solwara 1 project.
Nautilus Minerals awarded DRA Group's Brisbane office the detailed design contract for the Solwara 1 dewatering plant on its production support vessel.