Company Information for Nautilus Minerals Inc

Company stock charts - 12 Month chart

TSX; NUS View full financial data

AIM; NUS View full financial data

Company Statement

Nautilus is the first company to commercially explore and develop the seafloor for high grade massive sulphide deposits - a major source of the world's copper, gold, zinc and silver.

The Company holds more than 300,000 km2 of tenement licences and exploration applications in the territorial waters of Papua New Guinea (“PNG”), Fiji, Tonga, the Solomon Islands and New Zealand along the western Pacific Ocean's Rim of Fire.

Listed on the Toronto (TSX) and London (AIM) exchanges, Nautilus has among its cornerstone shareholders three of the world's largest resource companies and its alliances and technical partnerships position it as the world leader in underwater exploration.

Exploration and mine planning is well underway for its Solwara 1 project in Bismarck Sea in PNG, 50kms north of Rabaul township.

Current Operations

Solwara Project - Gold and Base Metals

FOCUS
Nautilus is exploring for high-grade polymetallic (copper, gold, zinc, silver) seafloor massive sulphide deposits in 1,700 metres of water off the coast of Papua New Guinea (PNG) within the western Pacific Ocean's "Rim of Fire".

The current focus is the exploration, mine planning and development activities associated with its Solwara 1 Project, 50km north of Rabaul township, the main port of East New Britain Province.

Subject to PNG Government permitting and approvals, development activities at Solwara 1 are expected to commence in 2009 and first production is expected in 2010 from a nearshore processing facility.

In 2007, Nautilus committed approximately US$23 million on environment studies and exploration activities to develop a preliminary geological resource and associated mine plan for Solwara 1. The major focus was on the solwara 1 though there were also  exploration activities that led to the new discoveries of Solwara 5,6,7,8.

Solwara 1
Nautilus has completed a 111 hole drilling campaign on Solwara 1 as part of its initial mine planning and resource modeling. Assay results have confirmed a significant high-grade copper and gold deposit at the Solwara 1 prospect.



SOLWARA 2,3,4
Nautilus and Woods Hole Oceanographic Institution completed an exploration cruise in July and August 2006 to the Solwara 2, 3 and 4 Projects. Geophysical surveying and ROV grab sampling were completed. The results of this work were:

• At Solwara 2, grab sampling confirmed the grade tenor of earlier sampling by scientific research. 37 grab samples averaged 1.3% Cu, 22.8% Zn, 226 g/t Ag and 6.2 g/t Au.
• At Solwara 3, grab sampling confirmed the grade tenor of earlier sampling by scientific research. 26 grab samples averaged 1.3% Cu, 22.4% Zn, 488 g/t Ag and 15.4 g/t Au.
• At Solwara 4, grab sampling confirmed the grade tenor of earlier sampling by scientific research. 28 grab samples (excluding duplicates) averaged 11.3% Cu, 23.2% Zn, 263 g/t Ag and13.5 g/t Au.

RECENT DISCOVERIES - SOLWARA 5,6,7,8
During a 30 day exploration program in May 2007 Nautilus identified four new prospects, Solwara 5,6,7,8.

Solwara 5,6,7 Prospects - 2007 Surface Sampling
Prospect	No. Samples	Gold g/t	Copper %	Zinc %	Lead %	Silver g/t
Solwara 5	13	17.37	6.72	7.78	1.48	273
Solwara 6	4	18.10	14.24	18.66	0.83	217
Solwara 7	7	17.15	5.87	24.08	1.67	404
Total/Average	24	17.54	8.94	16.84	1.33	298

PNG TENEMENT COVERAGE: As of August,14, 2007 Nautilus had been granted 18 exploration licences and has applied for a further 70 licences in the Bismarck and Solomon Seas covering 210,000 sqkms - an area larger than Greece. Teck Cominco has the option to participate and fund exploration on a number of Nautilus tenements. 

TONGA TENEMENT COVERAGE:As of November 14, 2007, Nautilus had been granted 16 offshore exploration licences covering 77,552 km2, being an area containing most known prospects within the 1887 Proclamation Area of the Kingdom of Tonga in the western Pacific.

The exploration licences granted in Tonga cover a strike of over 900 km of highly prospective geology known to contain seafloor massive sulphide ("SMS") occurrences. Nine of the 16 granted titles in Tonga (Core Titles) licences are 100% owned by Nautilus with the other seven Tongan licences subject to an option by Teck Cominco to enter into a joint venture to earn a 40% interest by spending US$25 million on exploration within two years of exercising its option.

SOLOMON TENEMENT COVERAGE: As of November 14 ,2007 Nautilus had been granted  14 tenements covering 8,267 km2 in the Exclusive Economic Zone of the Solomon Islands, continuing the Company's tenement holding in the highly prospective Woodlark Basin to the east of Papua New Guinea ("PNG").

The licences granted in the Solomon Islands are an extension of our highly prospective Woodlark Basin tenements to the east of Papua New Guinea. All of the Solomon Island licences are 100% owned by Nautilus.

Geographical Spread

Western Pacific

Board of Directors and Key Management

Directors
Geoff Loudon	Chairman & Director
Stephen Rogers	President & CEO
David De Witt	Director
Russell Debney	Director
A. Farhad Moshiri	Director
John O'Reilly	Non-Executive Director
David Heydon	Non-Executive Director
Board of Advisors
Robert Goodden	Chairman, Subsea Minerals Ltd
Mike Williamson	President, Williamson & Assoc.
Prof. Peter Halbach	Former Chair, Geology Frei University, Berlin
Prof. Steve Scott	Norman B. Keevil Professor of Ore Genesis,
	Director of the Scotiabank Marine Geology Research Laboratory
	Chair of the Department of Geology at the University of Toronto
Ray Binns	Former Chief Research Scientist of Australia's Commonwealth
	Scientific and Industrial Research Organization (CSIRO) Exploration and
	Mining Division
Management
Anthony O'Sullivan	Chief Operating Officer
Shontel Norgate	Chief Financial Officer
Michael Johnston	VP Corporate Development
Scott Trebilcock	VP Business Development
Mel Togolo PNG	Country Manager

Company Address Suite 1050, 625 Howe Street Vancouver, British Columbia, Canada V6C 2T6 Telephone: +1 (416) 551-1100 Facsimile: +1 (416) 792-0871 Email: investor[at]nautilusminerals.com Website: http://www.nautilusminerals.com

Additional Address/Key Contact Level 7, 303 Coronation Drive Brisbane, Qld. 4064, Australia Telephone: +61 7 3318 5555 Facsimile : +61 7 3318 5500 Email: ceo@nautilusminerals.com

Capital Shares Outstanding ; 142,815,640* Options ; 9,235,656, Warrants ; 18,979,725* Fully Diluted ; 171,031,021 *subject to shareholder approval

Annual General Meeting June in Vancouver

Nominated Brokers Numis Securities Limited 10 Paternoster Square London EC4M 7LT +44 20 7260 1000

Major Shareholders

Epion	23.2%*
Anglo American	5.9%*
Teck Cominco	5.4%*
*subject to shareholder approval

Related News

10/01/08 - Nautilus Minerals In At The Deep End
21/08/07 - Waves From The Sub-Prime Mortgage Shambles Hit Canadian Mining Companies
12/06/07 - Nautilus Minerals On Track For Seafloor Mining Before End 2009
08/02/07 - Nautilus Minerals Tops up Its War Chest With A View To First Production From The Seabed in 2009

Most Recent Statement

14/08/08 - Financial Results for Second Quarter 2008
25/06/08 - Nautilus Continues 2008 Exploration Program
23/06/08 - Quarterly Project Update Conference Call and Webcast
20/06/08 - Vessel Contract for Solwara 1 Development Signed
04/06/08 - AGM Voting Results, Management Changes, Grant of Options
27/05/08 - Tonga Geochemical Survey Commences