Nautilus Minerals Inc. (Nautilus) is engaged in the exploration and development of the ocean floor for copper and gold rich seafloor sulphide deposits. Nautilus holds tenement licences and exploration applications in various locations in the western and central Pacific Ocean and is establishing a pipeline of prospects for development. The Company conducts its operations primarily through its direct and indirect wholly owned subsidiaries. Its main focus is on developing a seafloor production system that can be used to extract resources from its seafloor prospects. Its Solwara 1 deposit is situated in the Bismarck Sea within the New Ireland Province of Papua New Guinea (PNG). Its subsidiary include Tongan subsidiary.