Nautilus Minerals ended 2011 in a solid financial position with US$149.4 million in cash and cash equivalents, after a milestone year which saw the Company granted the first deep sea "hard rock" Mining Lease for its Solwara 1 project in the Bismarck Sea, Papua New Guinea. The Company today released its 2011 full year financial results and Annual [...]
Nautilus Minerals today filed two updated technical reports relating to the Company's Pacific tenements and prepared in accordance with NI 43-101 standards: 1. Nautilus Minerals Incorporated, NI43-101 Technical Report 2011, PNG, Tonga, Fiji, Solomon Islands, New Zealand, Vanuatu and the ISA; and 2. Mineral Resource Estimate, Solwara Project [...]
Nautilus Minerals confirms it has received formal notification that Teck Resources Limited has elected not to participate in exploration activities in Fijian waters under a regional area of interest agreement signed in December 2007. In August 2011 Nautilus became the first private sector organisation to be granted offshore exploration licences in [...]
Nautilus Tongan wholly owned subsidiary, Tonga Offshore Mining today formally signed the agreement with the International Seabed Authority for exploration tenements in the Eastern Pacific granted in July 2011. The contract, signed during workshops in Kingston, Jamaica, gives TOML exclusive rights to conduct exploration activities in the Clarion [...]
Nautilus was notified on 6 January 2012 that Russell Debney, Non Executive Director, disposed of 63,000 common shares in the Company in four tranches. The first tranche of 20,000 shares was sold on December 29, 2011 at a price of C$1.94. The second tranche of 20,000 shares was sold on 30 December, 2011 at a price of $C1.90 per share. The third [...]
Nautilus yesterday filed its updated Mineral Resource Estimate for the Solwara Project in the Bismarck Sea in Papua New Guinea. Details of the updated resource were released to the market on November 25. The full technical report, prepared by Ian Lipton of Golder Associates Pty Ltd and including information prepared by Peter Munro of Mineralurgy [...]
Nautilus was informed on December 20, 2011 that David De Witt and Russell Debney, each Directors of the Company, each exercised 100,000 options to acquire common shares in the Company on December 21, 2011. The exercise price for the options was C$0.99 per share. Also, 12,000 additional shares have been issued in respect of an employee's exercise of [...]
Nautilus was informed on December 14, 2011 that Geoffrey Loudon, the Chairman of the Company, exercised 150,000 options to acquire common shares in the Company on December 20. The exercise price for the options was C$0.99 per share. An application has been made for admission of 150,000 new shares to trading on AIM, and they are expected to be [...]
