Solwara 1 Project
Solwara 1
Country Papua New Guinea 
Close to Rabaul
Status MINE DEVELOPMENT 
Surface 360,000 km² / 88,956,000 acres
Latitude / Longitude 4 S 00 / 150 E 12
Legends
Valorisation
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Produces
Develops Copper - Gold - Silver - Zinc -
Explores for
Last updated on 3/29/2011 - Terms of Use
Risk and valuation analysis of the Solwara 1 Project
Status Risk : Mine development
Country Risk : Important
    Link to technical report
Title(s) of the Solwara 1 Project
Nautilus Minerals Inc.
Owner: 70%
Company ProfileAll ProjectsCompany websiteCompany project page
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The Solwara 1 project and Solwara 2-8 prospects are on 100% owned Nautilus tenements. Teck Cominco has an option to fund joint venture exploration campaigns on a number of Nautilus's other PNG tenements
Government
Owner: 30%
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Location of the Solwara 1 Project
Nautilus Minerals is exploring gold and copper Seafloor Massive Sulphide bodies in 1,600 metres of water off the coast of Papua New Guinea in the western Pacific.
 
History of the Solwara 1 Project
In 1985 seafloor massive sulphide (SMS) and hydrothermal sulphide systems were discovered in PNG by the research vessel the RV Moana Wave at a site that would later become the Solwara 2 prospect. The late 1980s and 1990s saw numerous research pro more...
 
Title / Ownership
3/29/2011PNG Government Confirms Investment in Solwara 1
3/14/2011PNG Government to Invest in Solwara 1
2/22/2011PNG Government Option
Production
5/6/2011Secures Key Production Component
Exploration and drilling
11/13/2012Terminates Equipment Build for Its Solwara 1 Project
5/20/2011Completes Drilling Program
4/14/2011Forms Strategic Partnership And Secures Vessel
1/17/2011Granted Mining Lease
11/1/2010Commences 2010 Drilling Program
1/5/2010Solwara 1 Environmental Permit Granted
10/8/2009Secures Port Capacity at Rabaul for Solwara 1 and Announces ...
9/15/2009Granted Environmental Permit Approval in Principle for Solwa...
5/19/2009Solwara 1 Development Project Update
12/17/2008Announces Deferral of Solwara 1 Mining System Equipment Buil...
9/12/2008Has Additional Copper-Zinc Deposits In Papua New Guinea
6/20/2008Vessel Contract for Solwara 1 Development Signed
4/3/2008US$116 Million Contract Awarded for Nautilus's Solwara 1 Dev...
2/22/2008Solwara 1 Metallurgical and Mineralogical Results
11/19/2007Electromagnetic Survey Results Outline Continuity and Extens...
10/4/2007Project Development Update - Solwara 1 Offshore Copper-Gold ...
9/4/2007Solwara 1 Drilling Program Update
7/11/2007Significant Massive Sulphide Drill Intercepts at Solwara 1
Discoveries and Drilling Results
1/25/2011Confirms High Grade Gold Mineralisation
1/8/2011Intersects More High Grade Copper
1/15/2010Discovers Five High Grade Copper-Zinc Systems.
11/5/2009Discovers Two New High Grade SMS Systems in the Bismarck Sea
12/15/2008Discovery Identifies Potential New SMS District in Papua New...
9/15/2008Discovers Additional, High-grade, Copper - Zinc Systems, Sol...
9/8/2008Discovers Solwara 10, a New High-Grade Copper - Zinc System
5/23/2008Confirms Marketable Concentrate from Solwara 1 Ore
11/13/2007Significant High-Grade Copper and Gold Results at Solwara 1...
6/20/2007Assays Confirmed at Solwara 5, 6 and 7
6/7/2007Programme Update - Discovery of Solwara 8
Location
Data last updated on : 2/1/2008
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.