Nautilus Minerals Inc (referred to on this website as "Nautilus", "Nautilus Minerals" or the "Company") is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. Nautilus is developing a production system using existing technologies adapted from the offshore oil and gas industry, dredging and mining industries to enable the extraction of these high grade Seafloor Massive Sulphide ("SMS") systems on a commercial scale. Nautilus’ copper-gold project, Solwara 1, is under development in the territorial waters of Papua New Guinea. The Company has been granted the Environment Permit and Mining Lease required for resource development at this site.The Company plans to grow its tenement holdings in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, Vanuatu and New Zealand as well as other areas outside the Western Pacific.Nautilus has among its significant shareholders, two of the world’s largest resource companies and the nature of its alliances and technical partners place it firmly in pole position as the world leader in deepwater exploration and the development of mineral systems.Nautilus Minerals’ exploration work  is focused on copper and gold rich seafloor massive sulphide discoveries in the Southwest Pacific where Nautilus  holds a package of prospective exploration tenements