Nautilus Minerals Inc. is a Canada-based company engaged in the exploration and development of the ocean floor for copper and gold rich seafloor massive sulphide deposits and for manganese, nickel, copper and cobalt nodule deposits. The Company has one segment being mineral property exploration in Australasia. The exploration activity involves the search for deep water copper and gold rich seafloor massive sulphides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. The Company's principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea. The proposed principal operations of the Company are the extraction of copper, zinc, gold and silver deposits.