Neptune Minerals has started its month-long Kermadec 2007 exploration program offshore New Zealand, mapping and sampling seafloor massive sulphide targets.
Nautilus Minerals reported Q1 2007 results highlighted by $175-million (U.S.) in private placements and the discovery of three new sea floor massive sulphide systems in Papua New Guinea.
Neptune Minerals has been granted four exploration licences covering 326km² in Papua New Guinea's territorial waters near Lihir Island, including Conical Seamount.
Nautilus Minerals discovered three new seafloor massive sulphide systems, Solwara 5, 6 and 7, near its Solwara 1 prospect in Papua New Guinea and completed environmental baseline fieldwork there.
Neptune Minerals has been granted a Foreign Investment Permit by the Federated States of Micronesia to explore for seafloor massive sulphide deposits over 200,000 km² of its Exclusive Economic Zone.
Nautilus Minerals reported audited financial results for the year ended Dec. 31, 2006, highlighting a TSX Venture listing, over $100-million (U.S.) in private placements, and expanded seafloor exploration licences.
Nautilus Minerals disclosed updated major shareholder stakes after closing US$175 million in private placements that increased total shares in issue to 130,149,618.
Neptune Minerals reported interim results for the six months to 31 December 2006, highlighting new exploration licence applications and a Kermadec '07 exploration agreement.