Nautilus Minerals Niugini Limited

Nautilus negotiates creation of joint venture

The joint venture firm, called the “Vessel JV,” will be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).

The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged to be procured through MAC Goliath Pte Ltd, and the integration costs of installing the mining equipment on the PSV.