EXPLORATION & DEVELOPMENT

Placer turns to the sea

GOLD major Placer Dome says it will invest $US3 million into the emerging industry of exploring seafloor volcanic deposits, seeking gold and base metals off the coast of Papua New Guinea in joint venture with private outfit Nautilus Minerals.

Ben Sharples
Placer turns to the sea

Nautilus CEO David Heydon said Placer was putting in the sort of money and expertise the project required to see if PNG could prove up a previously untested potential resource. International research...

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