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NAUTILUS 2010 EXPLORATION PROGRAM

Our 2010 focus is drilling mineralised systems in the Bismarck Sea (Solwara 1-19). Drilling will commence in October 2010 under contract to leading offshore service provider, TSMarine.

The drilling program will focus on improving the resource and geotechnical understanding at Solwara 1 as well as scout drilling at other prospects on the Company's 100% owned tenements. TSMarine will use Rovdrill 3, a second generation seafloor drilling system provided by Seafloor Geoservices, with the ability to drill 70 millimetre core and wireline holes up to 80 metres deep. The drilling spread will also collect geotechnical data to optimise equipment design and extend the mine plan at Solwara 1. To read more please click here.

If you would like more information on Seafloor Geoservices' Rovdrill 3 please click here.