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Nautilus completes PNG seabed exploration

LEADING seabed minerals explorer Nautilus Minerals has just completed a sizeable exploration program off the coast of Rabaul and is now looking to raise between $C15 and 20 million ($A17.5-23.4 million) ahead of a TSX-V listing planned for April.

Jesse Riseborough
Nautilus completes PNG seabed exploration

Nautilus said its exploration partner Placer Dome Oceania, which is currently earning a 40% stake in Nautilus’ tenements in PNG for $US7 million ($A9.48 million), spent a minimum of $US4 million on the...

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