TORONTO, ONTARIO — (Marketwire) — 05/07/12 — Nautilus Minerals Inc. (TSX: NUS)(OTCQX: NUSMF)(AIM: NUS) (the „Company“ or „Nautilus“) announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2012 (the „Financial Statements“) together with Management-s Discussion and Analysis.
First quarter 2012 highlights:
„Progress has continued throughout the first quarter of 2012 on works related to the Solwara 1 Project Development. At quarter end the project was approximately 40% complete,“ said Nautilus CEO Stephen Rogers. „Considerable effort was also spent during the first quarter on the negotiation of a landmark offtake agreement which was announced on 23 April 2012 with Tongling Nonferrous Metals Group Co. Ltd.“
The Financial Statements and Management-s Discussion and Analysis have been filed on and are also available on the Company-s website .
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is developing its first project at Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has been granted all necessary environmental and mining permits.
Nautilus also holds approximately 600,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS and AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21% holding, global mining group Anglo American, which holds an 11% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 9.98% interest.
Neither the TSX, London Stock Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.
Contacts: Nautilus Minerals Inc. (Toronto) Investor Relations +1 (416) 551 1100
Numis Securities Limited Nominated adviser: Alastair Stratton/Stuart Skinner + 44(0) 20 7260 1000
Numis Securities Limited Corporate broking: James Black + 44(0) 20 7260 1000
Dahlman Rose & Co., LLC Christopher R. Weekes 1301 Avenue of the America-s New York, NY 10019 Direct: +1 212 372 5766
Only registered users can comment.
