The submerged trials for the seafloor production tools to be used in the mining of seafloor massive sulphides have been completed in Papua New Guinea.
Nautilus Minerals Inc (TSX: NUS; OTC: NUSMF) was testing some of its specially designed seabed mining equipment to be used on the Solara-1 high grade minerals deposit in the Bismarck Sea of PNG.
The project has the PNG Government as a minority partner.
Nautilus CEO Mike Johnston said: “The overarching objective of the trials was to ensure that all three machines met the requirements of their respective functional design specifications in submerged conditions.”
“Results to date indicate that they do.”
Analysis was ongoing with a view to complete a full report on the submerged trials by the end of this quarter.
Johnston said completing the trials in PNG allowed Nautilus to work closely with partner Petromin, PNG Government officers from the various regulatory agencies, as well as representatives from the provincial governments of New Ireland and East New Britain.
It also gave community leaders from coastal villages geographically closest to the Solwara-1 site the opportunity to witness the trials of the equipment, and allowed the company to accrue the economic benefits of the testing activity within PNG.
The equipment is currently being prepared for shipment to China where it will be integrated onto the vessel.
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