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TORONTO, May 24, 2018 (GLOBE NEWSWIRE) — Nautilus Minerals Inc. (NUS.TO) (NUSMF) (Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that it has auspiciously completed the aboriginal balloon of its anew developed free debris sampler. The insect-inspired conception is dubbed the “Nautilus Jumping Spider” and akin its beastly namesake, it sports a cardinal of “tubular” legs. On landing on the seafloor, a automated activate starts the assimilation arrangement that delivers debris up the tubular legs and into the sample housing. Following the absolution of a biodegradable sacrificial balance weight, a abyssal float lifts the adornment aback to apparent for after collection.
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The spider-inspired samplers acquire been developed to acquiesce the analysis aggregation to decidedly access debris accumulating efficiencies from the seafloor while abbreviating costs, potentially by an adjustment of magnitude. The Aggregation affairs to analysis its all-encompassing acreage positions in both Papua New Guinea and Tonga, (which absolute an breadth beyond than the acreage breadth of the United Kingdom), in the after allotment of 2018, accountable to financing.
Mike Johnston, Nautilus’ CEO, commented, “The addition of the Analysis aggregation in developing this simple yet absolute user affable debris adornment charge be commended. Over the years, Nautilus and its technology ally acquire developed a cardinal of low amount tools, to abetment with its analysis and development efforts (ROV drills, cocky abeyant and electromagnetic subsea geophysical systems, and assorted baptize cavalcade and seafloor geochemical sampling systems). Development of the new free sampling accoutrement continues to authenticate the Company’s charge to industry arch innovation. Along with added analysis techniques, including seabed drilling, the aggregation is attractive to body a activity of projects and assets to augment our adaptable mining arrangement currently beneath construction.”
About the Nautilus Jumping Spider
Nautilus has ahead approved the capability of low amount filigree debris sampling in the awful sedimented East Manus Basin (Papua New Guinea). The claiming was to extend this address to bouldered low sedimented areas, with a added abridgement in amount to acquiesce for alike added all-encompassing sampling programs. This now appears accessible with the development of the “Nautilus Jumping Spider”.
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This aboriginal bearing free adornment has been alone developed by Nautilus (figure 1). It is both ablaze weight and low amount in design. The adornment is advised to acreage on asperous terrains, with a aerial amount of sampling efficiency.
The arrangement was advised and abundantly congenital “in-house”. Added notable architecture appearance accommodate a radio transponder ported into the float to aid analysis and apparent recovery; a active abort safe release; use of industry accepted (certified) sample sieves; self-priming architecture of the assimilation and sample arrangement and use of biodegradable sacrificial balance weights.
http://www.nautilusminerals.com//irm/media/96/Nautilus Spider Jumper final.low res.jpg
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For added advice amuse accredit to www.nautilusminerals.com or contact:
Investor RelationsNautilus Minerals Inc. (Toronto)Email: [email protected]: 1 416 551 1100
The TSX does not acquire albatross for the capability or accurateness of this columnist release.
Certain of the statements fabricated in this account absolution may accommodate advanced advice aural the acceptation of applicative balance laws, including statements with account to the Company’s allotment requirements, the development of the Solwara 1 Activity and the operation of the Company’s analysis tools. We acquire fabricated abundant assumptions about such statements, including assumptions apropos to the Company’s allotment requirements, activity funding, and achievement and operation of the Company’s seafloor assembly arrangement and analysis tools. Alike admitting our administration believes the assumptions fabricated and the expectations represented by such statements are reasonable, there can be no affirmation that they will prove to be accurate. Advanced advice by its attributes involves accepted and alien risks, uncertainties and added factors which may account the absolute after-effects to be materially altered from any approaching after-effects bidding or adumbrated by such advanced information. Amuse accredit to our best afresh filed Annual Advice Form in account of absolute assumptions and risks accompanying to the affairs of extracting minerals from the seafloor and added risks apropos to the Company’s business and affairs for development of the Solwara 1 Project. Risks accompanying to continuing the Company’s operations and advancing the development of the Solwara 1 Activity accommodate the accident that the Aggregation will be clumsy to access at all or on adequate terms, and aural the timeframes required, the absolute financings all-important to armamentarium achievement of the build, testing and deployment of the Company’s seafloor assembly system; that the Aggregation will be clumsy to adjust or align for the alteration of the absence beneath the shipbuilding arrangement for the architecture of the assembly abutment vessel; that agreements with third affair contractors for architecture slots aural assertive timeframes are not anchored as required; and the accident that the Company’s seafloor accessories and analysis tools, including the “Nautilus Jumping Spider”, will not accomplish as expected. As the Aggregation has not completed a prefeasibility abstraction or achievability abstraction in account of the Solwara 1 Project, there can be no affirmation that the Company’s assembly affairs will, if absolutely adjourned and implemented, auspiciously authenticate that seafloor ability assembly is commercially viable. Except as appropriate by law, we do not apprehend to amend advanced statements and advice as altitude change and you are referred to the abounding altercation of the Company’s business.
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About Nautilus Minerals Inc.
Nautilus is the aboriginal aggregation to analyze the ocean attic for polymetallic seafloor massive sulphide deposits. Nautilus was accepted the aboriginal mining charter for such deposits at the anticipation accepted as Solwara 1, in the territorial amnion of Papua New Guinea, area it is aiming to aftermath copper, gold and silver. The Aggregation has additionally been accepted its ecology admittance for this site.
Nautilus additionally holds awful -to-be analysis acreage in the western Pacific (granted and beneath application), as able-bodied as in all-embracing amnion in the Central Pacific.
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A Canadian registered company, Nautilus is listed on the TSX:NUS banal barter and is additionally a affiliate of the Nasdaq All-embracing Designation program. Its accumulated appointment is in Brisbane, Australia. Its above shareholders accommodate MB Captivation Aggregation LLC, an Oman based accumulation with interests in mining, oil & gas, which holds a 30.4% absorption and Metalloinvest, the better adamant ore ambassador in Europe and the CIS, which has a 19.2% captivation (each on a non-diluted basis, excluding accommodation shares outstanding beneath the Company’s allotment accommodation plan).
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