Exploration and Resource Estimation 1500 m Under the Sea

Nautilus Minerals Incorporated (Nautilus) recently announced the worldÆs first Seafloor Massive Sulfide Mineral Resource at Solwara 1 in the Bismarck Sea, Papua New Guinea . The discovery, exploration and resource modelling of this æblack smokerÆ system located 1500 m under the sea involved unique technological development. Whilst the resource estimation methodology had similarities with approaches adopted for analogous volcanic-hosted massive sulfide (VHMS) deposits, specific parts of the resource estimate called for new ways of assessing data. This paper discusses several innovative methods for collecting and assessing Solwara 1 exploration data. This ia an ABSTRACT only. A full-length paper was not prepared for this presentation.