New Seafloor Production Tools for Nautilus
Nautilus Minerals Inc. announced that the Solwara 1 Joint Venture (comprising Nautilus 85 percent and Eda Kopa (Solwara) Limited 15 percent) has taken delivery of the three Seafloor Production Tools (SPT) from Soil Machine Dynamics Limited’s (SMD) facility in Newcastle upon Tyne.
The three SPTs are now en route to Oman, where they are scheduled to undergo extensive wet testing at Duqm Port. The Company plans to use the SPTs to cut and extract high grade copper and gold from the seafloor at the Solwara 1 Joint Venture’s project site in the Bismarck Sea, Papua New Guinea, with seafloor production operations planned to commence in the first quarter of 2018.
February 2025
