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Exploration
 
| |  Nautilus holds an unparalleled package of prized exploration tenements totalling almost 600,000 square kilometres. Nautilus holds1 more than 243,000 km2 of granted tenements and a further 279,000 km2 under application in the territorial waters and Exclusive Economic Zones (EEZs) of Papua New Guinea, Tonga, Solomon Islands, Fiji, Vanuatu and New Zealand, for a total area of approximately 522,000 km2. In addition, in 2011 Nautilus became the first private sector company to be awarded exploration territory by the International Seabed Authority (ISA). Nautilus was granted approximately 75,000 km2 of tenements in the highly prospective Clarion Clipperton Zone ("CCZ"), in international waters in the Eastern Pacific, between Hawaii and Mexico. Nautilus has also been granted a mining lease covering its Solwara 1 Seafloor Massive Sulphide ("SMS") deposit in the Bismarck Sea, Papua New Guinea. 1Current as of December 31, 2011 | | |
