Nautilus Minerals Inc. (Nautilus) is engaged in the exploration and development of the ocean floor for copper copper, gold, silver and zinc SMS deposits. The Company conducts its operations primarily through its direct and indirect wholly-owned subsidiaries. It holds tenement licences and exploration applications in various locations in the western and central Pacific Ocean. The exploration activity involves the search for deepwater copper and gold rich seafloor massive sulphides in the western Pacific Ocean. The Company focuses on its Solwara 1 Project in the western Pacific Ocean. Its Solwara 1 Project is situated in the Bismarck Sea within the New Ireland.