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.
Afri-Can Marine Minerals closed a $650,000 non-brokered private placement of 4,062,500 units at 16 cents each, and its contracted sampling vessel is nearing completion of testing in Namibia.
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.