NAUTILUS MINERALS PROJECT UPDATE
Toronto Ontario, November 10, 2016 – Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) is pleased to announce that Factory Acceptance Testing (FAT) of the Riser Tooling and the Subsea Pull-in Skids, was successfully completed this week in Poland and the USA respectively.
Mike Johnston Nautilus CEO commented, “Completion of the Riser Tooling and all the Subsea Pull-in Skids is a significant milestone for the Project. The final piece of the subsea mineralization delivery system is the Subsea Slurry and Lift Pump, and we look forward to taking delivery of this from GE Oil & Gas by the end of the year.”
The riser tooling, which was designed by GMC in Houston, is a key piece of equipment that will be used for handling and coupling the 19 meter riser joints together for deployment. It was manufactured and underwent successful FAT in Poland.
The ridged riser system is an integral part of the Nautilus seafloor recovery system. It allows the mineralized material to be transferred from the seafloor up onto the Production Support Vessel without any interaction between the different water layers within the ocean, resulting in a very small environmental footprint.
Links: An animation of how the seafloor production system works can be viewed on the Company’s website: www.nautilusminerals.com/irm/content/video-gallery.aspx?RID=421