Nautilus Minerals Announces Financial Results for Q1 2012
May 08 2012 - 1:01AM
UK Regulatory
TIDMNUS
Nautilus Minerals Announces Financial Results for Q1 2012
Nautilus Minerals Announces Financial Results for Q1 2012
TORONTO, ONTARIO--(Marketwire - May 7, 2012) - 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:
=- Exploration Program commenced in the Bismarck Sea, PNG
=- Technical Report update released March 23, 2012
=- Solwara 1 Project development advances
=- $129.5 million (equivalent) in cash and cash equivalents as at March 31,
2012
"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 www.sedar.com and are also
available on the Company's website www.nautilusminerals.com/s/Investors-Financials.asp.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
www.nautilusminerals.com
OR
Numis Securities Limited
Nominated adviser: Alastair Stratton/Stuart Skinner
+ 44(0) 20 7260 1000
OR
Numis Securities Limited
Corporate broking: James Black
+ 44(0) 20 7260 1000
OR
Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the America's
New York, NY 10019
Direct: +1 212 372 5766
Neither the TSX, London Stock Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this press
release.
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