Nautilus Minerals Inc.

Published : May 13th, 2009

Drilling Discovers New-High Grade Zones

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Wednesday, May 13, 2009
Drilling Discovers New-High Grade Zones Near Solwara 1 Resource.

Toronto Ontario, May 13, 2009 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") announces it has discovered a new high-grade base and precious metal zone on its Solwara 1 Prospect in the territorial waters of Papua New Guinea ("PNG"). A review of recently completed assay work from its scout drilling program completed in late 2008 (the "Scout Drilling Program"), has revealed this new zone with significant base and precious metal grades. The newly discovered zone (North Zone) lies approximately 250 meters north of the Solwara 1 Resource and has returned top assay values in respect of each mineral of 30.1% Cu, 22.0% Zn, 26.2 g/t Au and 580 g/t Ag across holes drilled. The Scout Drilling Program also intersected a high-grade mineralisation at Solwara 5 (top values in respect of each mineral of 24.3% Cu, 10.35% Zn, 19.3 g/t Au and 299 g/t Ag across holes drilled). These prospects occur on Exploration License, EL1196 and are subject to Mining Lease Application, MLA154. They are open at depth and require further definition both laterally and vertically. Recoveries have been reduced from those achieved in the 2007 drilling campaign with an average 41% recovery across the program in 2008.

Nautilus is currently evaluating tenders for further drilling in these new areas and those parts of the deposit which remain open at depth. It is intended, subject to the availability of equipment with a minimum 40 metre depth capability, to carry out further drilling in 2010.

Stephen Rogers, Nautilus' CEO commented: "The discovery of new high-grade mineralisation on our EL1196, near the existing NI43-101 compliant resource at Solwara 1, is an important result. It further demonstrates the exploration potential on both MLA154 and our large tenement package in the Bismarck Sea, PNG. The Company continues to progress towards production, and we look forward to testing the depth potential of these newly discovered mineralised zones once we award a drilling contract at the conclusion of the current tender process."

2008 Drilling Program

Nautilus completed a 31 hole, 176.40 meter Scout Drilling Program over a 21-day period from November 12, to December 3, 2008. The program was on 100% Nautilus held tenements in the Bismarck Sea, within the territorial waters of PNG (Figure 1). Drilling was undertaken from MV Nor Sky vessel using a Perry Slingsby built T200 Remote Operated Vehicle ("ROV") mounted drill rig that was used in 2007 to successfully define the world's first NI43-101 compliant resource estimate for a Seafloor Massive Sulphide ("SMS") deposit at Solwara 1.

Of the 31 short holes completed, 22 were drilled on EL1196, including four holes at Solwara 5. An additional four holes were completed at Solwara 4 and 8, and five holes were completed at Solwara 10.

Overall core recovery in the 2008 Scout Drilling Program was 41% which is significantly lower than that achieved in the 2007 program (approximately 60% overall recovery). The reduced recovery is thought to have resulted from the large number of sites/systems tested, alternating very soft and hard material and the highly fractured nature of the near surface material. Operator inexperience has also contributed given the short nature of the program relative to 2007.

The 2008 drilling program was designed to provide a rapid and cost effective test of a number of relatively weak Electromagnetic ("EM") anomalies and/or sulphide outcrops identified by various dives in 2007 and 2008. Each dive of the drill program was generally designed to complete two short "scout holes", with around 8 to 9 meters of rods available for each hole if drilling/ground conditions allowed.

A ROV mounted EM detection system was developed in 2007 by Nautilus, Teck Cominco and Ocean Floor Geophysics to "map" shallow copper rich mineral systems (see press release number 46 dated November 19, 2007). The EM system successfully mapped the copper-rich Solwara 1 system. In 2008, the Company collected EM data over a number of other systems, including zinc-rich outcrops. The EM system has a depth penetration of around two to five meters in copper-rich systems, but does not respond to copper-poor systems.

Results

EL1196

A total of 22 short holes were completed on EL1196 (Figures 1, 2 and 3). At Solwara 1, 18 holes were completed to test a range of targets, all of these infilling within the previously defined Inferred Resource, and within additional weak EM anomalies outside the existing resource.

High-grade results were returned from the new North Zone at Solwara 1, Solwara 5 and from within the existing Inferred Resource.

Solwara 1 - North Zone: Three holes (SD 148, 149, and 162) drilled approximately 250 meters north of the central zone discovered a new zone of high-grade mineralisation (top values in respect of each mineral of 30.1% Cu, 22.0% Zn, 26.2 g/t Au and 580 g/t Ag across all holes) locally occurring beneath unaltered volcanic rock (Figure 3). The mineralisation is open at depth, and laterally. All three holes suffered from poor recovery, but ended in high-grade base and precious metal. Drill holes SD 160 and SD 163 drilled to the immediate north and south of the North Zone did not intersect sulphide mineralisation, but are not considered an adequate test of the lateral extent. Further work is required to define the lateral and vertical extent of this new zone of high-grade mineralisation. The drilling also indicates that high-grade mineralisation does exist, at least locally under volcanic rock as well as sediment cover.

Table 1: Solwara 1 North Zone - Significant Intersections.

---------------------------------------------------------------
Solwara 1 - North Zone
---------------------------------------------------------------
                Interval   Interval    Interval    Recovery for
Hole             from (m)     to (m)  length (m)       interval
---------------------------------------------------------------
SD148               1.45       2.01        0.56             100%
                 -----------------------------------------------
                    5.32       7.00        1.68              40%(i)
                 ----------------------------------------------
                    open at depth (last core recovered at 7.00m)
---------------------------------------------------------------
SD149               1.12       2.05        0.93             100%
                 ----------------------------------------------
                    3.96       4.08        0.12             100%
                 ----------------------------------------------
                    open at depth (last core recovered at 4.08m)
---------------------------------------------------------------
SD162               7.12       8.39        1.27             100%
                 ----------------------------------------------
                    open at depth (last core recovered at 8.39m)
---------------------------------------------------------------
----------------------------------------------------------------------
                     Significant Intersection
                      (weighted average grade)   Lithology
----------------------------------------------------------------------
              Cu     Pb      Zn      Au    Ag
Hole          (%)    (%)     (%)   (g/t) (g/t)
----------------------------------------------------------------------
SD148       1.16   1.54   17.00   19.49   380    Semi-massive sulphide
           -----------------------------------------------------------
            8.08   0.10    0.37    4.64    15    Massive sulphide
----------------------------------------------------------------------
SD149      12.88   0.16    4.36   20.56   121    Massive sulphide
           -----------------------------------------------------------
           11.95   0.04    0.21    3.87    22    Massive sulphide
----------------------------------------------------------------------
SD162       9.07   0.14    2.48   16.84   124    Massive sulphide
----------------------------------------------------------------------
(i) This intersection has a recovery less than 50% and may not represent
    the grade of the entire intersection.


Solwara 1 - Holes drilled within and around the existing Inferred Resource: A number of short holes were drilled in the margins of the existing Inferred Resource to test the robustness of the existing resource model (SD 151, 152, 154, 155, 156, 157, 158, and 161) (Figure 3). Results support the existing resource model. At this time the resource model has not been re-estimated. Improved core recovery and significantly greater depth penetration are required to further test the extent of the existing resource model.

Table 2: Solwara 1 Resource Area - Significant Intersections.

---------------------------------------------------------------
Solwara 1 - Resource Area
---------------------------------------------------------------
                Interval   Interval    Interval        Recovery
Hole             from (m)     to (m)  length (m)   for interval
---------------------------------------------------------------
SD151               0.26       9.25        8.99              45%(i)
                -----------------------------------------------
                    open at depth (last core recovered at 9.25m)
---------------------------------------------------------------
SD152               1.31       8.48        7.17              85%
                -----------------------------------------------
                    open at depth (last core recovered at 8.48m)
---------------------------------------------------------------
SD154               1.37       5.24        3.87              54%
---------------------------------------------------------------
SD155               0.70       1.12        0.42             100%
---------------------------------------------------------------
SD156               1.05       2.05        1.00             100%
---------------------------------------------------------------
SD161               2.88       3.50        0.62             100%
---------------------------------------------------------------
                    open at depth (last core recovered at 3.5m)
---------------------------------------------------------------



------------------------------------------------------------------------
                     Significant Intersection
                      (weighted average grade)   Lithology
------------------------------------------------------------------------
              Cu     Pb      Zn      Au    Ag
Hole          (%)    (%)     (%)   (g/t) (g/t)
------------------------------------------------------------------------
SD151       3.35   0.05    0.07    3.64    19    Massive sulphide;
                                                 Semi-massive sulphide
------------------------------------------------------------------------
SD152      13.21   0.07    0.65   11.41    40    Massive sulphide;
                                                 Hydrothermally altered
                                                 clay-rich volcanic rock
------------------------------------------------------------------------
SD154      10.23   0.06    0.22    7.88    36    Massive sulphide
------------------------------------------------------------------------
SD155      22.80   0.02    0.07    5.25    45    Massive sulphide
------------------------------------------------------------------------
SD156      11.45   0.06    0.22   19.81    58    Massive sulphide
------------------------------------------------------------------------
SD161      12.60   0.37    0.80   12.50    34    Massive sulphide
------------------------------------------------------------------------
(i) This intersection has a recovery less than 50% and may not represent
    the grade of the entire intersection.


Solwara 1 - Holes testing other weak EM anomalies: Drill holes SD 147, 150, 153, 159, and 164 attempted to test weak EM anomalies near the Inferred Resource (Figure 3). These holes, which are short and demonstrated low recoveries, failed to intersect any sulphide mineralisation or anomalous material.

Solwara 5: Four holes were drilled at Solwara 5, centred on a small EM anomaly co-incident with mapped chimneys (Figure 4). All four holes intersected high-grade mineralisation, even in the overlying sediment cover. Copper rich mineralisation was intersected in the vicinity of the EM "bull's eye", and more zinc and/or gold rich mineralisation appear peripheral to this in the "step out" holes that were drilled. Results at Solwara 5 are encouraging with top assay values in respect of each mineral of 24.3% Cu, 10.3% Zn and 19.3 g/t Au and 299 g/t Ag across all holes. Mineralisation is open both at depth and laterally.

Table 3: Solwara 5 - Significant Intersections.

---------------------------------------------------------------
Solwara 5
---------------------------------------------------------------
                Interval   Interval    Interval        Recovery
Hole             from (m)     to (m)  length (m)   for interval
---------------------------------------------------------------
SD_S5_001           1.22       1.71        0.49             100%
                -----------------------------------------------
                    open at depth (last core recovered at 1.71m)
---------------------------------------------------------------
SD_S5_002           1.08       2.95        1.87             100%
                -----------------------------------------------
                    8.87       9.02        0.15             100%
                -----------------------------------------------
                    open at depth (last core recovered at 9.02)
---------------------------------------------------------------
SD_S5_003           0.71       2.31        1.60             100%
                -----------------------------------------------
                    open at depth (last core recovered at 2.31m)
---------------------------------------------------------------
SD_S5_004           0.19       3.54        3.35              27%(i)
---------------------------------------------------------------



------------------------------------------------------------------------
                     Significant Intersection
                      (weighted average grade)   Lithology
------------------------------------------------------------------------
              Cu     Pb      Zn      Au    Ag
Hole          (%)    (%)     (%)   (g/t) (g/t)
------------------------------------------------------------------------
SD_S5_001  24.30   0.07    0.76    7.14    37    Massive sulphide
------------------------------------------------------------------------
SD_S5_002  20.25   0.08    0.95    7.38    56
           -------------------------------------------------------------
            7.42   0.02    0.05    1.27    14    Volcanic breccia with
                                                 sulphide matrix
------------------------------------------------------------------------
SD_S5_003   1.35   0.42    5.90    9.57   120    Clay; Lithified
                                                 clastic sediment
------------------------------------------------------------------------
SD_S5_004   3.92   0.32    3.76   14.47   157    Massive sulphide; Fresh
                                                 volcanic rock; Partly
                                                 altered volcanic rock
------------------------------------------------------------------------
(i) This intersection has a recovery less than 50% and may not represent
    the grade of the entire intersection.


Solwara 10

Five short holes were completed at Solwara 10, where predominately zinc rich chimneys have been observed over a strike length of approximately 680 meters (Figure 5). The EM response over the prospect is generally weak and irregular. Four of the five holes intersected zones of zinc +/- silver, gold, copper mineralisation, with a best intersection of 56.5% Zn, 270 g/t Ag and 3.9 g/t Au being recorded over 0.70m interval. Further work is warranted in this area given its relatively early stage of exploration.

Table 4: Solwara 10 - Significant Intersections

Insert Image!!

The style of mineralisation present at Solwara 10 is significantly different from that defined to date at Solwara 1, being dominated in the drilling by zinc sulphides with relatively lesser copper sulphides. A portion of the intersected mineralisation occurs in veins and breccias, rather than massive sulphide.

Solwara 4 and 8

Four short holes were completed in the Solwara 4 and 8 area, where patchy low order EM anomalies were defined (Figure 6). Drilling returned mixed results, with top assay values in respect of each mineral of 25.2% Cu, 13.4% Zn and 27.0 g/t Au across all holes.

Table 5: Solwara 4 and 8 - Significant Intersections.

Table 4: Solwara 10 - Significant Intersections


---------------------------------------------------------------
Solwara 10
---------------------------------------------------------------
                Interval   Interval    Interval        Recovery
Hole             from (m)     to (m)  length (m)   for interval
---------------------------------------------------------------
SD_S10_001          0.33       1.65        1.32             100%
                -----------------------------------------------
                    open at depth (last core recovered at 1.65m)
---------------------------------------------------------------
SD_S10_002          0.91       2.03        1.12             100%
                -----------------------------------------------
                    3.91       4.21        0.30             100%
---------------------------------------------------------------
SD_S10_003          0.30       0.80        0.50             100%
---------------------------------------------------------------
SD_S10_005          0.73       1.22        0.49             100%
---------------------------------------------------------------



-------------------------------------------------------------------------
                     Significant Intersection
                      (weighted average grade)   Lithology
-------------------------------------------------------------------------
              Cu     Pb      Zn      Au    Ag
Hole          (%)    (%)     (%)   (g/t) (g/t)
-------------------------------------------------------------------------
SD_S10_001  1.68   0.15   49.81    3.21   209    Massive sulphide;
                                                 Semi-massive sulphide
-------------------------------------------------------------------------
SD_S10_002  1.54   0.16   29.20    2.77   166    Massive sulphide; Partly
                                                 altered volcanic rock
            -------------------------------------------------------------
            4.50   0.02    6.31    0.22    30    Hydrothermally altered
                                                 clay-rich volcanic rock
-------------------------------------------------------------------------
SD_S10_003  0.31   0.10   29.50    1.40   145    Massive sulphide
-------------------------------------------------------------------------
SD_S10_005  0.51   0.10   24.00    0.35    62    Volcanic breccia with
                                                 sulphide matrix; Altered
                                                 volcanic rock
-------------------------------------------------------------------------


Significant Intersection Methodology

Significant Intersections are selected to enclose intervals of greater than 4% Cu (or grades of Cu, Zn, Au and Ag which, in combination or alone, may contribute a similar in situ metal value). Core loss bounded by mineralised intercepts, and interpreted from drilling data to be the result of poor drilling performance as opposed to a change in material type, is allocated the average grade of mineralised material above and below the core loss. If the recovery for the interval was greater than 50% the interval is considered a significant intersection and grades within the interval have been averaged by applying a length-weighting.

A full listing of all intersections and core recovery can be seen in Table 6.

Links

Figure 1: http://www.nautilusminerals.com/i/misc/Figure1_drill.pdf
Figure 2: http://www.nautilusminerals.com/i/misc/Figure2_drill.pdf
Figure 3: http://www.nautilusminerals.com/i/misc/Figure3_drill.pdf
Figure 4: http://www.nautilusminerals.com/i/misc/Figure4_drill.pdf
Figure 5: http://www.nautilusminerals.com/i/misc/Figure5_drill.pdf
Figure 6: http://www.nautilusminerals.com/i/misc/Figure6_drill.pdf
Table 6: http://www.nautilusminerals.com/i/misc/Table6_drill.pdf

Data Quality:

Logging

Core loss was a significant issue for the 2008 drilling program. During the 2007 drilling program, core loss was generally assigned conservatively to either the hanging wall or footwall of the mineralisation, thereby giving the thinnest "ore zone" interval. Core loss from within massive sulphide zones was assigned on a "best fit basis". During the 2008 program, an attempt was made to allocate core loss to intervals on the basis of drill parameters (water pressure, bit weight, penetration rate, etc). The poor core recovery made this work difficult and the conservative approach of 2007 was used if drill parameters were ambiguous.

Drilling and Sampling Procedures
Core drilling for the Nor Sky 2008 program was undertaken using one of the Perry Slingsby built ROV Diamond drills that were used to successfully drill the Solwara 1 SMS deposit in 2007. All holes are drilled with less than a five degree variation from vertical. Core (NQ2 size) was photographed and summary logged on the vessel, then logged in detail, cut and sampled using a core saw in Rabaul. All sampling and logging were performed under the supervision of senior Nautilus personnel, and essentially followed procedures established in the 2007 program. Geotechnical logging was not extensive, given the "scout nature" of the drilling program, and poor core recovery.

Half core samples were despatched in numbered plastic vacuum sealed bags, in containers with numbered, tamper-proof seals to ALS in Brisbane. ALS maintains a full electronic chain of custody for samples under its care.

Laboratory Analysis
Sample preparation and assaying was completed by ALS Laboratory Group in Brisbane sample preparation, base metals and multi-elements) and Townsville (precious metals), Australia. ALS operates quality systems based on international standards ISO/IEC17025:1999 "General requirements for competence of calibration and testing laboratories" and ISO9001:2000 "Quality Management Systems -- Requirements".

QA/QC
Nautilus QA/QC procedures were established during the 2007 drilling program, and require the regular addition of external certified reference material (CRM), secondary reference material (SRM), blanks and field duplicates at regular intervals.

External certified reference material was obtained from Geostats Pty Ltd, of Perth, Western Australia with known and statistically tested concentrations of the major base and precious metals. Assay results for CRM material were all within acceptable or generally acceptable limits.

Blanks and field duplicates were also generally within acceptable limits, with the exception of one blank which appears to have suffered contamination during sample preparation.

Data Reduction
Following QA/QC checks and assay data acceptance, all data was reviewed and mineralised intervals defined taking into account natural geological boundaries and applying a nominal 2% Cu "cut off". The start and end of mineralized massive sulphide intervals were outlined using the conservative approach defined above. Sulphide intervals of greater than 55% core loss have not been assigned weighted averages, but merely been reported "as recovered" in the summary tables. Sulphide intervals with better than 45% recovery have been given weighted averages, with the lost core intervals being assumed to have similar grade to the intervals above and below.

Complete results for all holes are presented Table six.

Qualified Person
The exploration results reported in this announcement have been compiled under the supervision of Michael Johnston, Vice President Strategic Development of Nautilus Minerals. Mr. Johnston is a member of the Australasian Institute of Mining and Metallurgy, has over 25 years experience in mining and exploration geology, and is a qualified person as defined by National Instrument 43 -- 101. He consents to his name being used in this release.

Additional geological information in respect of the Company's Exploration License EL 1196 can be found in the report entitled Nautilus Minerals Inc., 2008 Exploration Program, Papua New Guinea, Tonga, Fiji, Solomon Islands and New Zealand dated December 31, 2008 prepared by SRK Consulting (Australasia) Pty. Ltd., a copy of which may be viewed at www.sedar.com.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited.

For more information please refer www.nautilusminerals.com or contact:

Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: investor@nautilusminerals.com
Tel: +1 (416) 551 1100

Australian Project Office
Tel: +61 (7) 3318 5555

Numis Securities Limited
Nominated adviser: John Harrison
Corporate broking: James Black
Tel: + 44(0) 20 7260 1000


Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.

You can also view this News Release on our website at:
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=347637

� 2008 Nautilus Minerals Inc. All Rights Reserved.
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Nautilus Minerals Inc.

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ISIN : CA6390971043
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Nautilus Min. is a zinc and gold exploration company based in Canada.

Nautilus Min. develops zinc, gold, copper and silver in Papua New Guinea, and holds various exploration projects in Papua New Guinea.

Its main asset in development is SOLWARA 1 in Papua New Guinea and its main exploration property is SOLWARA 12 in Papua New Guinea.

Nautilus Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 33.5 millions as of today (US$ 24.9 millions, € 21.9 millions).

Its stock quote reached its highest recent level on January 04, 2008 at CA$ 3.90, and its lowest recent point on January 04, 2019 at CA$ 0.05.

Nautilus Min. has 670 160 000 shares outstanding.

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11/6/2014Nautilus Enters Into Vessel Charter
2/13/2014terminates Agreement with the State
10/16/2013Completes Polymetallic Nodule Exploration Program
10/3/2013Awarded Favourable Arbitration Decision
9/11/2013CARES Newsletter: Edition 3
9/9/2013regarding Arbitration with Independent State of Papua New Gu...
8/6/2013Issues Statement in Response to Share Price Movement
7/2/2013issues Options and Loan Shares
6/26/2013' AGM Voting Results
5/30/2013AGM to be held June 26, 2013
5/21/2013Hearing Date Set For Arbitration
4/3/2013General Investor Update
3/15/2013Announces Release of Annual Results
2/21/2013adopts Advance Notice Policy for future Shareholder Meetings
2/20/2013General Investor Update
2/1/2013Proposed cancellation of admission of common shares to tradi...
1/14/2013Regarding Previously Announced Unsolicited Take-Over Bid
1/8/2013Responds to Announcement of Unsolicited Take-Over Bid
10/10/2012Issues Stock Options and Loan Shares
10/2/2012Issues Options and Loan Shares
10/2/2012Issues Options and Loan Shares
9/25/2012releases NI 43-101 Resource Report for Polymetallic Nodules
9/18/2012Defines 410 million tonne Inferred Mineral Resource(i)
8/28/2012issues statement to clarify recent press coverage
8/1/2012to Raise Funds and Continue Equipment Build
7/17/2012aims to resolve dispute
6/21/20122012 AGM Voting Results
6/20/2012Further Update on Dispute Process with State of PNG
6/18/2012Continues Discussions to Resolve Dispute With State of PNG
6/1/2012identifies potential delay to Vessel Build
6/1/2012Dispute With the State of PNG
5/18/2012AGM to Be Held 20 June 2012
4/27/2012lists on OTCQX International
4/23/2012(Solwara 1)signs landmark offtake agreement for Solwara 1
3/26/2012reports solid year end results
3/23/2012Releases Updated Technical Reports
2/22/2012Fiji Update on Partnering Arrangement
1/9/2012Sale of Shares by Non-Executive Director
12/29/2011Report on Updated Resource Filed
12/20/2011Exercise of Options
11/25/2011Increases Mineral Resources
10/6/2011Closes C$27.6 Million Final Tranche of Private Placement
9/6/2011Issues Options and Loan Shares
8/31/2011US$100 Million to Be Raised in Private Placement
8/15/2011Reports Solid First Half Results
8/11/2011Granted Exploration Tenements in Fijian Waters
7/26/20112011 AGM Voting Results
7/22/2011Awarded Exploration Tenements in Eastern Pacific
6/29/2011AGM Materials
8/4/2010Conference Attendance Update (Second Half 2010)
6/25/20102010 AGM Voting Results
2/26/2010Confirms Recent SMS Discoveries in Papua New Guinea with Ass...
2/24/2010Upcoming Conferences
9/10/2009High Success Rates Exploring from MV Fugro Solstice
8/20/2009Company Update and Forthcoming Events
8/14/2009Maintains Strong Cash Position with $233 Million at End Q2 2...
6/26/2009AGM Voting Results
6/26/2009Correction to AGM Results
2/18/2009Exploration Success Continues for Nautilus Minerals in Tonga
2/17/2009Teck Confirms Seafloor Massive Sulphide Exploration Plans
11/24/2008Upcoming Events
11/12/2008Announces US$266 Million at September 30, 2008
11/5/2008Anglo American Increases Stake in Nautilus to 11.1%
11/3/2008Locks Down Major Equipment Cost and Maintains Build Schedule
6/25/2008Continues 2008 Exploration Program
6/18/2008Celebrates its 2nd Birthday and Completes CEO Hand Off
5/23/2008Seed Capital Investment
5/7/2008Phase One Deep Sea Exploration Program Completed in PNG
5/1/2008 Signs Contract with Canyon Offshore Inc.
4/14/2008 Appoint New President and CEO
2/29/20082008 Global Metals & Mining Conference - Nautilus Presentati...
11/27/2007Report of Extraordinary General Meeting Results
11/14/2007Expands its Exploration Interests in the Western Pacific
11/8/2007Escrow Release
11/1/2007EGM
9/20/2007World's First Commercial Electromagnetic Survey of Seafloor ...
8/23/2007Deep Sea Copper-Gold Company Moves Up to TSX
8/20/2007C$289M of Cash Secure in Bank and Continued Exploration Succ...
8/1/2007Employee Options Issued
7/17/2007Eleven Exploration Licences Granted to Nautilus in PNG
7/16/2007Robotics and Deep Sea Experts add to Nautilus Project Delive...
7/6/2007Takes Over Offshore Development at Solwara 1
6/23/2007Annual General Meeting Results
5/31/2007Shipyard Contract Signed
1/30/2007US$100 million Project Financing for the Solwara 1 deep sea ...
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