Aug 11 2015
Nautilus Minerals Inc. (the "Company" or "Nautilus") announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2015, together with Management's Discussion and Analysis.
2015 Significant Events
- Advanced the Solwara 1 Project
- Advanced the construction of the Production Support Vessel (PSV)
- Recommenced modest exploration programs
- Released Earth Economics' independent Environmental and Social Benchmarking Analysis
- Granted the State Nominee an extension of its option exercise date
- Announced a change to the Board of Directors
- US$84.6 million in cash and cash equivalents as at June 30, 2015
Mike Johnston, Nautilus' CEO, commented, "We have continued to make steady progress this past quarter in advancing the build of the seafloor production equipment to be used at Solwara 1, in particular ongoing commissioning of the seafloor production tools and the welding of the riser pipes. The PSV build is progressing to plan, with all key long lead equipment orders placed by the end of the quarter, and design work and preliminary class approval on schedule. Another exciting highlight for the quarter was the release of the independent study by Earth Economics, which concluded that the Solwara 1 Project has the potential to significantly reduce social and environmental impacts commonly associated with large surface terrestrial copper mines. The Company remains dedicated to developing an environmentally and socially responsible approach for seafloor mining, commencing with production from Solwara 1 planned in Q1 2018."
The Financial Statements and Management's Discussion and Analysis will be filed on www.sedar.com and will be available on the Company's website www.nautilusminerals.com/s/Investors-Financials.asp
Investor Update
The Company will hold a conference call and audio/webcast to update investors on the Company's progress on Thursday, August 13, 2015 at 10.00 a.m. Eastern Daylight Time.
Conference Call Details
Webcast link: http://edge.media-server.com/m/p/b57pkyig
Dial-in numbers:
International Dial In: +61 2 8524 5042
Australia: 1800 801 825 FREE
Canada: 1855 842 3490 FREE
United Kingdom: 0800 015 9725
United States of America: 1855 298 3404 FREE
Attendee Passcode: 2882505
If your country dial-in number is not included here please email [email protected]
A presentation to support the conference call will be posted on www.nautilusminerals.com for download by 9:30 a.m. EDT (Toronto) on Thursday August 13, 2015.
Source: http://www.nautilusminerals.com/