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Nautilus Minerals recommences Exploration Programs
#1

The "Company" or "Nautilus" announces it has signed a contract with Gardline CGG Pte Ltd ("Gardline CGG"Wink to provide exploration services for Nautilus' 2015 program in the Solomon Islands. The vessel MV Duke will be used to generate targets to expand Nautilus' Seafloor Massive Sulphide ("SMS"Wink prospect inventory within its 100% owned Solomon Islands exploration licenses.



Mike Johnston, Nautilus' CEO, commented, "we are excited to be back on the water this year, focused on adding to our high grade SMS prospect inventory by applying the successful high tech exploration techniques we have been refining since 2006. This is the second time we have been supported by Gardline in our exploration efforts and we look forward to continuing our relationship with them."



The contract with Gardline CGG is for 43 days of services, mobilising from Brisbane, Australia on or about April 25, 2015. The program will define SMS targets using efficient multibeam echo sounder and plume hunting techniques. Plume hunting is a regional geochemical technique involving the discovery of metal rich plumes of material that are ejected into the water column from prospective areas, by natural geological processes. The primary objective of this program is to discover further mineralised systems to support the Company's business model. Amongst its many anticipated advantages, seafloor resource production will allow the aggregation of resources from multiple mineralised systems without the need for significant additional capital.



The MV Duke vessel, which will be used for this program is a 67 metre long, 2031 gross tonne, Survey Vessel, originally built in 1983, and then extensively refitted in 1998 by A/S Vaagen Vert, Norway. The vessel is equipped with a hull mounted Kongsberg EM302 multibeam system, a state of the art seafloor mapping system that provides some of the highest quality seafloor mapping data available.

About Gardline

Gardline CGG Pte Ltd is a Joint Venture formed between Gardline and CGG. Drawing from the experience and expertise of each of its parent companies, Gardline CGG offers a wide range of fully integrated, multidisciplinary marine site survey and 2D and 3D exploration seismic survey capabilities. Headquartered in Singapore to primarily service the Asia Pacific region, Gardline CGG is also able to offer its unique range of multi-disciplinary capability for world-wide deployments.

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#2

'seabedmining' pid='56702' datel Wrote:

The primary objective of this program is to discover further mineralised systems to support the Company's business model. Amongst its many anticipated advantages, seafloor resource production will allow the aggregation of resources from multiple mineralised systems without the need for significant additional capital.

Thanks SBM.  We here understand, but how much longer will we be able to accumulate at these discount prices before the mainstream figures it out?

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#3

'maui4marko' pid='56726' datel Wrote:

Thanks SBM.  We here understand, but how much longer will we be able to accumulate at these discount prices before the mainstream figures it out?

The deep sea miner settled a key dispute with the PNG' government last year and since then, progress has moved quickly on the Solwara 1 project. The company expects to have all its undersea mining tools ready to go by the middle of next year.

The goal is to expand Nautilus’ Seafloor Massive Sulphide prospect inventory by applying high tech exploration techniques the firm has been refining since 2006.

this i ask myself all the time - good news price fall... - what must happend for rise - it would be much more comfortable to wait at $5.? than $0.5 for SOP!!!

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