Nautilus sitting pretty on $US299M

DEEP-SEA explorer Nautilus Minerals has $US299 million (K761.28 million) in cash and cash equivalents for the end of June according to its second quarterly report.

Nautilus sitting pretty on $US299M Nautilus sitting pretty on $US299M Nautilus sitting pretty on $US299M Nautilus sitting pretty on $US299M Nautilus sitting pretty on $US299M

The Canadian company's pioneering seafloor mining project, Solwara-1, 50km off Rabaul, remains geared for production in 2010.

Solwara-1 has an indicated resource of 870,000 tonnes at 6.8% copper, 4.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions