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By Leticia Rosales Hoz

A chemical and geological study of beach samples from the Mexican North Pacific was undertaken in order to evaluate the chemical composition of the beach sediments and it s association to lithology, climate, topography and weathering. The North Pacific Mexican littoral is characterized by arid weather with wide coastal plains and three geological provinces. The sands from the area are mainly finer, well sorted and show high maturity because of the high wave regime and the high energy conditions produced by the California Current in the coastline. The provenance index reflects that the region has a source of deep seated rocks, now exposed and dissected. Factor analysis made using the chemical composition showed the samples can be differentiated by five factors: 1) SiO2, 2) Al2O3; 3) Cu; 4) Sr and P2O2 and 5) Na content. Samples located in the northof the study area showed the highest values of Fe2O3 (17.72%), TiO2 (2.43%), V (576 ppm) and Zn (141 ppm) associated to methamorphic rocks present in the area.

Jan 1, 2000

By Yannick C. Beaudoin

Southern Explorer Ridge (SER) is an anomalously shallow, intermediate-rate spreading ridge located 200 kilometers off the west coast of Vancouver Island, Canada. It ranges in depth between 2600 m (deepest basins) and 1760 m (bathymetric minimum). At least 60 sulfide deposits are known to be associated with hydrothermal vent fields along the ridge. For the first time geological data, including deposit locations, collected from 15 marine expeditions to SER since 1983 have been assembled in a GIS format. GIS processing techniques were employed to plot the distribution of base metal concentrations for recovered sulfide samples. The highest base metal concentrations are found in the vicinity of the Magic Mountain site (main active vent field), and also proximal to a side scan sonar anomaly referred to as AGOR 171. Individual samples near these locations have yielded values as high as 29.3 wt\% Cu, 34.3 wt\% zinc, 0.97 wt\% Pb, 2.0 ppm gold, and 664 ppm silver. Sample paucity is the key limiting factor that prevents adequate assessment of the areas economic potential.

Jan 1, 2001

By Richard H. T. Garnett

The Chilean part of the archipelago of Tierra del Fuego, situated south of latitude 62o S, is within that country?s Región de Magallanes y Antártica, and separated from the remainder of Chile by the Magellan Strait. In recent geological history several phases of Quaternary age glaciers originating in the Andean and Dawinian Cordilleras eroded assumed primary gold deposits and entrained their related alluvial deposits. Piedmont glaciation extended to the east and south over m0st of the land and beyond the present-day coastline into extensive areas exposed during the resulting lowered relative sea level. During interglacials particulate gold incorporated unevenly in the widespread drift, till and moraines was fluvially released and concentrated into streams and flood gravels. Coastal erosion enriched various beaches with gold. From 1868 onwards Tierra del Fuego hosted a major gold rush whereby early, labour intensive, beach mining eventually developed into inland dredging. But continued mining activity was interrupted and then terminated by several external factors. Most miners, always seeking ?greener pastures?, joined the rush to the new discoveries in the Klondike (1896) and Nome, Alaska (1899). In 1904 the international boundary, established in 1881, became the subject of a major dispute not settled until 1984, The Panama canal?s opening in 1914 turned Tierra del Fuego, previously on the Pacific-Atlantic shipping route, into a remote backwater. World War II brought opposing foreign naval forces to the actual islands where most gold had been taken from the beaches. It also crippled the dredging industry which lost its coal supply and never recovered. Nevertheless, some small scale mining continues to this day.

Sep 14, 2011

By Cornel E. J. de Ronde

Volcanic arcs, including both island arc and intra-oceanic arc systems, combined extend for ~22,000 km around the Earth, with the majority (~20,000 km) occurring in the Pacific basin. These arcs are host to over 700 volcanoes of which ~200 are submarine and as such represent great potential for hosting massive sulfide deposits formed at seafloor hydrothermal vent sites. The Kermadec arc extends for ~1,200 km northeastwards from the North Island of New Zealand and forms the southern part of the ~2,500-km-long Tonga-Kermadec intra-oceanic arc system. At least 94 volcanoes are known to exist along this system with 74, or about 80%, being submarine. At least 33 volcanoes occur along the Kermadec part of the arc with all but one (Raoul Island) being submarine. The first sulphides recovered from the entire Tonga-Kermadec arc were in 1996 from the Brothers and Rumble II West volcanoes of the southern Kermadec arc. The 1998 R/V Sonne research cruise recovered a more comprehensive suite of mineralised samples from Brothers, and also found evidence for hydrothermal venting at Monowai, Vulkanolog, Rumble III and Clark volcanoes. The March 1999 NZAPLUME cruise systematically surveyed 260 km of the southern Kermadec arc and found that 7 of 13 volcanoes were hydrothermally active, with the vent fields either located within calderas (e.g., Brothers, Healy, Rumble II West) or atop volcanic cones (e.g., Clark, Tangaroa, Rumble V, Rumble III). The May 2002 NZAPLUME II cruise surveyed a further ~580 km of the mid-segment of the Kermadec arc, from Brothers to volcano 'L', a submarine volcanic edifice 35 km NW of Macauley Island. This cruise surveyed 13 major volcanoes and 8 smaller volcanic edifices and confirmed hydrothermal venting at the Vulkanolog site, and discovered new vent fields atop a volcanic cone within Macauley caldera, immediately offshore Macauley Island, and another at the summit of volcano 'L'. A further new site was found atop a volcanic knoll immediately S of Healy caldera during time-series sampling of the vent sites found during the 1999 cruise. All the vent sites discovered along the Kermadec arc occur in water depths between 1650 and 150 m.

Jan 1, 2002

By Art Wright, Steinar L. Ellefmo, Kurt Aasly, Mike Williamson, Fredrik Søreide, Martin Ludvigsen, Michael Zylstra

Exploring for minerals on the seabed is challenging and expensive – and the ability to collect representative sub surface samples is essential. The research project MarMine led by NTNU has together with Seattle based Williamson and Associates developed and tested an ROV-based drill rig for mineral (seafloor massive sulfides and crusts) and rock sampling. The ROCS system is a single stroke drill and is simple, robust and possible to use from various larger ROVs. For the vehicle to provide a stable platform, the vertical bollard pull of the ROV and the vehicle mass are important variables. The developed drill uses a thin wall drill bit and barrel and operates at high RPM to reduce the required down weight and drilling moments. The system also contains an emergency release to be used if the core barrel is stuck. The drill is hydraulically powered with cylinders operating the tower and a rotation unit. It can rapidly be modified to provide samples from softer samples like unconsolidated material. At the Arctic Mid Ocean Ridge, a work class ROV was deployed with the drill mounted for testing at 2700 m depth in basalt rock. The recovery from the system was above 80%. Such core samples can be used for chemical analyses of metal and mineral grades, mineralogy and rock mechanical testing. The system provides a probing tool for marine mineral exploration, with low cost, low operational complexity and low risk. Proper resource estimation requires drilling deeper into the deposit, but the short core samples provided by the ROCS provide valuable a priori information planning for more extensive drilling campaigns.

Jan 1, 2017

By Sabrina Warwas, Thomas Kuhn

"Due to rising prices and increasing demand of raw materials over the last years, marine mineral resources including manganese nodules have become a focus of study for industry and science. Marine ferromanganese nodules consist of micro-layers of different chemical and mineralogical composition which incorporate metals of high economic interest (Ni, Cu, Co, Zn, Mo, Li, rare earth elements; Hein & Koschinsky, 2015).The varying composition of the layers depends on different growth processes, such as hydrogenetic (metal precipitation from the water column under oxic conditions; Mn/Fe = 3), diagenetic (metal precipitation from the sediment pore water) under oxic (Mn/Fe 3-10) or suboxic (Mn/Fe = 10) conditions; (Wegorzewski & Kuhn, 2014) or hydrothermal (metal precipitation from low-temperature hydrothermal fluids; Kuhn et al., 2003).METHODSIn this study, manganese nodules from three different locations of the Atlantic Ocean (Galicia Bank; Vema-Fracture-Zone and Brazilian Basin) were analyzed for their geochemical and mineralogical composition. Detailed information about the samples are given in table 1. The geochemical and mineralogical composition of bulk nodules were determined by XRF, ICP-MS/OES as well as XRD and the single micro-layers by high resolution analyses with electron microprobe and LA-ICP-MS."

Jan 1, 2017

By Akira Usui

The small-scale observations, mapping, sampling, and in-situ experiments have been carried out since 2009 using JAMSTEC ROVs at some model seamounts in the Northwestern Pacific seamounts. Laboratory analysis on mineralogy, chemistry, chronology indicated a continuous slow precipitation since the Middle Miocene, at water-depths 1-6 km, and the modern hydrogenetic precipitation even in the oxygen minimum zones. Thus the variability in abundance and grade of the deposits on regional, small and microscopic scales are determined by geological, geochemical, and hydrological conditions, resulting in the stacked piles of tiny precipitates from the seawaters.

Jan 1, 2018

By Yves Fouquet

Recent exploration demonstrates that hydrothermal systems related to upper mantle ultramafic outcrops are common in the modern ocean. Most sites are located on slow spreading ridges with a low magmatic budget. Volcanogenic Massive Sulfide (VMS) deposits, associated with basalt, along the Mid Atlantic Ridge (MAR) are volcanically controlled near the topographic highs at the center of the segments. Three preferential settings are identified for ultramafic sulfide mineralization: 1) Off axis, on rift valley walls, near the amagmatic ends of the segments; 2) Non-transform offsets and 3) Ultramafic dome structures at the ridge transform fault intersection. The upper surface of these domes is often interpreted as a detachment fault. Three processes are considered for driving hydrothermal cells in ultramafic rocks: 1) regional heat flow at the ridge axis 2) Cooling of a deep gabbroic intrusion and 3) exothermic heat produced during serpentinisation. Along the Mid Atlantic Ridge, four types of ultramafic hydrothermal mineralization are observed: 1) High temperature (>350°C) sulfide mineralization related to low pH fluids, (ex. The Logachev field at 14°45? N and the Rainbow field at 36°14 N); 2) Medium temperature carbonate chimneys (<100°C) related to high pH fluids (ex. The Lost City site at 30°N); 3) Low temperature diffuse venting associated with extremely high methane discharge and pervasive alteration and silicification of both volcanic and ultramafic rocks (ex : The Saldanha field at 36°34 N); 4) Stockwork mineralization and quartz veins with sulfides related to gabbroic intrusions within ultramafic rocks (15°N). When compared to mineralization in a basaltic environment, sulfide deposits are enriched in copper, zinc and specific elements related to an ultramafic rock source such as Ni and Co. They are also significantly enriched in gold which, unlike in basaltic environments, has a bimodal occurrence both in low temperature Zn-rich assemblages and in high temperature Cu-rich mineral assemblages. The Cu-Zn-Co-Au deposits along the Mid Atlantic Ridge seem to be more common than on land where few similar VMS deposits are known. We consider that ultramafic VMS deposits on slow spreading ridges constitute a specific marine type of mineralization that is less easily than back arc deposits, incorporated into the continent during obduction processes.

Jan 1, 2004

By Lee Sung-rock

KIGAM (Korea Institute of Geoscience and Mineral Resources) has been doing various kinds of research works in marine minerals and energy resources exploration and utilization since early 1990s in Korea. In the presentation, the authors will introduce the recent research and development activities mainly focusing on the rare earth metals of the Pacific deep seabed Mn-nodules and gas hydrates which occur from Korean deep waters. KIGAM has been participating in the polymetallic manganese nodule exploration, mining and metal-extraction project, which is modulated by KIOST (Korea Institute of Ocean Sciences and Technology, formerly KORDI). Now KIGAM puts more focus on extracting precious and rare earth metals from the Mn-nodule as well as underlying sediments. The rare earth elements (REE) from seabed mineral deposits also draw attention to those countries including Korea which are lack in natural resources. KIGAM is doing several kinds of leaching experiments using various kinds of reagents under the different experimental parameters. Extraction of rare earth metals from deep sea nodule using H2SO4 and HCl solution showed good leaching effect. As the gas hydrates are to be evaluated as a new future energy resource globally, Korean government has initiated national R/D program covering fundamental exploration survey for resources assessment in Korean deep waters and production technology development. KIGAM plays a key role in seismic exploration, resources assessment, experimental

Sep 14, 2011

By S. Kim Juniper

The discovery of chemosynthetic-based ecosystems at hydrothermal vents in the deep ocean was arguably one of the most important findings in biological science in the latter half of the 20th century. More than 100 vent fields have been documented along the 60,000 km global mid-ocean ridge system. Over 500 new animal species, over 80% of which are endemic to the vents, have been described from this environment. Unusual, highly evolved symbioses between invertebrates and chemolithautotrophic bacteria are common at vents, producing concentrations of biomass that rival the most productive ecosystems on Earth. Hydrothermal vents ecosystems, because of their very limited area and the presence of endemic species, are highly vulnerable to human disturbance. Mining for polymetallic sulphide deposits poses the greatest future physical threat to hydrothermal vents and their biological communities. However, there is more immediate concern about the impact of concentrated scientific research activities. Some sites have been revisited by several research expeditions per year for more than a decade. As vent sites become the focus of intensive, long-term research, oversight organizations are discussing mitigative measures to avoid significant loss of habitat or oversampling of populations. Canada recently became the first national jurisdiction to set aside a hydrothermal vent site as a Marine Protected Area.

Jan 1, 2001

By Glen Smith

Nautilus Minerals is the world leader in exploration and development of deep ocean seafloor massive sulphide (SMS) resources. The company is currently focused on generating its resource pipeline in the Western Pacific and its first development project for recovery of high-grade copper, gold and silver mineralisation from its Solwara 1 site in the Bismarck Sea, Papua New Guinea. The Solwara 1 site is located at a water depth of 1,600 ? 1,800 meters. Over 150 SMS seafloor surface samples have been collected from chimney structures during dives made by remote operated vehicles (ROVs). In order to obtain an understanding of the sub-surface mineralisation, Nautilus carried out 4 drilling programs between 2006 and 2010 which allowed the calculation of a Canadian NI43-101 compliant resource estimate. The initial 2006 campaign was based on conventional offshore surface driven drill equipment. In conjunction with the subsea remote technology industry, Nautilus subsequently developed an ROV operated seafloor drill system with improved drill core recovery and efficiency. This technology was developed further with a 2010 - 2011 drill program to increase the available geological knowledge at Solwara 1 and adjacent prospects. his paper will provide an overview of Nautilus? SMS drilling requirements and recap the evolution of drilling technology and operations undertaken at Solwara 1 from 2006 to 2011. The paper will also discuss the potential of further developments in drilling techniques and equipment to increase or improve drilling depth, efficiency and data quality.

Jan 1, 2011

By Ning Yang, Sup Hong

INTRODUCTION Metal components contained in deep-seabed mineral resources are being highlighted as “energy metals”, which are widely utilized in the entire fields of energy: harvesting and generation, storage and transportation, and saving. Those are mostly trace and rare metals, and rare earth elements as well: manganese, nickel, cobalt, copper, molybdenum, tellurium, selenium, platinum, etc. Toward low carbon society, for global sustainability, the role of metals and minerals is growing up in industries of energy and transportation [1]. In this context, the production and supply of energy metals from deep seafloor have to be approached also based on sustainable development. In deep-seabed mining activity, the sustainability is focused on potential impacts on ecosystems in benthic area and water column. The environmental impacts in deep-seabed mining are caused basically by intervention in benthic zones and transportation of materials. Those are, in particular, removal of benthic habitats, generation and dispersion of sediment plumes, surface transportation of seawater and sediment, tailing from mining vessel, sound and light noises, and chemical leakage, etc. This paper is aiming at fundamental guidance towards sustainable mining of polymetallic nodules.

Jan 1, 2018

By Ulrich Schwarz-Schampera

Submarine hydrothermal vents and associated mineralization on the Tonga arc have been identified in the summit calderas of two shallow-water volcanoes. The highest temperature vents (up to 270°C) occur at water depths between 430 and 540 meters below sea level (mbsl) near the summit of one volcano at 24°S (volcano 19). Clusters of large barite, anhydrite, and sulfide chimneys on the summit cone are vigorously discharging clear hydrothermal fluids with temperatures on the seawater boiling curve. There is abundant evidence of phase separation and associated gold and base metal precipitates. Pyrite, marcasite, wurtzite-sphalerite, tennantite, and chalcopyrite line the interiors of the highest temperature vents. Acid-sulfate alteration of basalts and basaltic andesites is evidenced by intense silicification and the presence of abundant alunite. One volcano at 21°S (volcano 1) has a chain of explosion craters on the flank of a neovolcanic scoria cone and associated massive pyrite, barite and native sulfur deposits at a water depth of 210 mbsl. Intergrowths of pyrite and enargite are associated with intensely argillic altered basaltic andesites. The reported alteration and Au-enriched mineralization styles of these vent fields are similar to other shallow water hydrothermal systems at island arc volcanoes and contribute to the diversity of seafloor hydrothermal activity in the western Pacific region.

Jan 1, 2010

By Fernando J. A. S. Barriga

"Recent concerns over the availability of many mineral raw materials, and newly available technological developments, produced renewed interest in deep-sea mining. However, environmental concerns, with variable degrees of justification, are raising opposition to the concept. The forecast for the behavior of consumption versus availability of many raw materials, nearly all critical metals, arguably show that consumption will grow much faster than resource discovery onshore. Finding new sources of raw materials seems inescapable. The deep seafloor stands out as the only likely candidate.Sea Floor Mining and the EcosystemMarine mining has already started, decades ago, for diamonds, currently up to depths near 400m. Although the industry recognizes there is a footprint, it considers the footprint quite minor, because the area mined is small: in Namibia, where offshore diamond mining is now 70% of the country’s total, only 3% of the concession of 3,700 sq miles (9600km2) have been mined. As plans to mine deep-sea massive sulphide deposits and polymetallic nodules progress, the environmental concerns grow. Some of these concerns are as follows:?The deep-sea ecosystems are composed of long-lived species, with low rates of reproduction. The environment may not recover from mining on a human time scale;"

Jan 1, 2017

By Thomas Kuhn

The detailed investigation of both active and inactive submarine hydrothermal systems has gained tremendous progress during the last decades because of the increasing usage of remotely operated vehicles (ROV) as well as manned submersibles. Special aspects like the targeted sampling of chimney structures and vent fluids as well as the analysis of zonations of near-surface structures like sulfides mounds was only possible with the usage of such vehicles. However, the availability of such vehicles has been very limited because of the few number of deep-water ROVs and manned submersibles which need both a trained crew and a special research vessel. This was especially true for the German science community which did not have such devices at its disposal until recently. With the ROV QUEST 5 which is based at the University of Bremen (c/o. Prof. Dr. G. Wefer, Dr. V. Ratmeyer) this major drawback has now been eliminated.

Jan 1, 2003

By Burrows D. R.

Metal-rich sediments precipitating from hot saline brine pools were first discovered in 1965 in the Red Sea.1-2 The subsequent discovery of high temperature black smokers and associated massive sulphides in 1977 at latitude 21oN on the East Pacific Rise3 came more as a confirmation than a revelation. Formation of massive sulphides through precipitation from circulating sea-water had been predicted by Oftedahl in 19584, and the mechanisms well evaluated in basaltic-hosted Cyprus-type 5 and in Kuroko-type deposits.6,7 Sea-floor exploration from 1977 through the 1980?s in sediment-starved mid-oceanic ridge (MOR) settings had little impact on land-based exploration. This is primarily because: a) MOR spreading centres were recognized as poor analogies to even Cyprus-type basalt-hosted deposits; b) their preservation potential was limited due to rapid oxidation and c) the metallic deposits studied were small and therefore not directly comparable to the far larger ore bodies on land. More recently underwater mineral deposit research has focused in a variety of back-arc environments associated with felsic submarine volcanism, environments more similar to those predicted for the formation of Kuroko-type deposits (e.g. Okinawa Trough, 8 Lau Basin, 9 Manus Basin, 10 Aeolian arc, 11). Most studies, while scientifically interesting, were hampered, in general, by a lack of good descriptive data, a reliance on isolated grab samples, and a lack of sub-surface observations. This research has therefore had only limited direct impact on exploration strategies with the possible exception of research conducted in areas where faulting provided enhanced vertical exposures. 12

Jan 1, 2011

By Shinichi Takagawa

The deep sea hydrothermal deposits are one of the most prospecting resources, and various works to develop these mines are now underway. There are also various methods for the pre-site survey of the mines: acoustic survey, electro-magnetic survey, and others. However, as a precise method at the final survey, drilling/coring is indispensable to confirm the three-dimensional distribution and to grasp the dignity of the ores for the final decision of industrialization. This drilling/coring at the final survey is done at many points with distance of 15~25m between each point for on-land deposits. This means that 1km by 1km square area requires (1,000m/25m)2 ~ (1,000m/15m)2 = 1,600 ~ 4,500 holes. The drilling/coring depths will be around 30m or more for the hydrothermal deposits. This depth seems very shallow, but because the stratum is very brittle and is very difficult to core, the average core recovery ratio is around 50%, and 0% core recovery happens very often. Thus, the indispensable work of coring for grasping the dignity of ores is a very difficult work although the coring depth is shallow, and also the required number of holes is enormous. Conventional drilling/coring method on the ocean is to use drillship. However, the cost is very huge. Recently a new technique has come out which is to use remotely controlled drilling machine on seafloor. This machine seems to have a very good performance. However, it is reported that the available inclination of the seafloor where the machine sits on must be less than 15 degrees. The sea floor inclinations of active hydrothermal vents area are usually very steep and slopes of 45 degrees or more are prevailing and it seems very hard to carry out drilling/coring for the machine at these steep slopes, although it is impossible to mine the ore at these areas because the temperature is too high to work there. The inclination of the sea floor at the dead or paused hydrothermal vents area where ore recovery is possible may be not so steep, and the machine may work well. However, the required number of holes is still a very heavy burden. In order to solve these problems, the author proposes a new concept of drilling/coring system operated from a conventional research ship. This concept is still a desk plan, but the author wants to realize this system at any means.

Jan 1, 2011

By Willam R. Normark

During a series of dives with the submersible ALVIN in 1984, samples of massive sulfide were recovered from four vent sites. All sites occur within a linear, steep-walled cleft about 50 m wide and as much as 30 m deep. The cleft bisects the axial valley floor throughout the 15-km-long study area and appears to have been the source for the most recent volcanic eruptions in the valley. Three of the vent sites are defined by a set of discrete hydrothermal discharge zones; as many as eight have been identified over a distance of 500-800 m along the cleft floor. Sulfide deposits occur as individual and coalesced mounds, spires, and chimneys generally less than 3 m in height but a few might be as high as 10 m. The vents are also marked by extensive, yellow-to-amber ferruginous sediment and clots of bacterial matter. Some vents have extensive colonies of tube worms, gastropods, mollusks, and several predator species, such as crabs and squid. The fourth vent site has no visible discharge and consists mainly of "dead" spires and chimneys of massive sulfide. The massive sulfide samples collected with ALVIN are primarily sphalerite with minor marcasite, pyrite, pyrrhotite, isocubanite, chalcopyrite, wurtzite, and anhydrite. Bulk analyses of these chimney and spire samples show Zn contents approaching 60% by weight and significant enrichments in Ag and Cu. Vent fluids have the highest concentrations yet reported for Zn, Fe, and Mn. Thus, the Zn- and Ag-rich nature of massive sulfide from the southern Juan de Fuca Ridge study area

Jan 1, 1985

By Carl H. Hobbs

The beach at the resort city of Virginia Beach, Virginia has been and increasingly will be dependent upon artificial nourishment for maintenance and for hurricane protection. Both existing base-level maintenance operations and planned substantial enhancement programs out strip the capabilities of traditional terrestrial resources to provide the required quantities of sand. Our research program, an amalgam of projects from several funding sources, has located and defined suitable quantities of beach quality sand for use on the city&apos;s beaches. The work also has furthered our understanding of the region&apos;s Quaternary history. Initially, reconnaissance level, high-resolution, sub-bottom profiles and surficial grab samples taken on the basis of sub- marine geomorphology identified two geographically and geologically separate areas worthy of further exploration. Further profiling supplemented with some cores further defined the potential sand reserves. The Sandbridge Shoal site is a large and discrete Holocene sandbody atop late Pleistocene strata. The sands in region offshore of the commercial area known as the Resort Strip appear to be recent fill within fluvial(?) channels cut into the older subsurface. Each of these resources is within roughly 5 km of major sites targeted for beach nourishment and/or hurricane protection and contains sand with appropriate geotechnical properties. Ongoing work will better define the dimensions and limits of the sand bodies and provide data to enable determinations to be made concerning exploitation. Ultimately decisions concerning the overall beach enhancement-hurricane protection projects will involve economic, environmental, technical, and social considerations.

Jan 1, 1995

By Glen Smith

Nautilus Minerals, the world?s leader in exploration and development of deep ocean seafloor resources, is today focused on the recovery of high-grade copper and gold in seafloor massive-sulphide mineralization. These targeted mineralized belts, analogous to land-based volcanogenic massive sulphide deposits, are located near plate boundaries in the back arc basins of the Western Pacific. The first deposit to be developed by the company is located at a depth of 1,600 meters at Solwara 1, in the benign waters of the Bismarck Sea. This location lies within the territorial waters of Papua New Guinea. From 2006 to 2009 the company completed detailed environmental and geological studies at Solwara 1, culminating in a number of world firsts, including the first Environmental Permit granted for the extraction of seafloor massive sulphide deposits and the first NI 43-101 compliant seafloor massive sulphide deposit resource statement. Nautilus has relied heavily on proven deepwater technologies from the oil and gas industry in the design of its production system. Pipeline trenching units, workclass ROVs, deepwater production risers and drill cuttings removal systems will be adapted to initiate this new and exciting industry. Key contractors used by Nautilus on this innovative project have all been selected for their deepwater experience (gained in the oil and gas industry), creativity and determination to launch this new industry successfully. Innovation is at the forefront of Nautilus? success to date. This paper summarizes the progress to date of this development which will provide a new source of minerals for the world and which will contribute to sustainable growth for the future.

Jan 1, 2010