Nautilus CEO Mike Johnston

Nautilus completes successful trials in PNG

The company announced on Monday (12th Feb) that it has successfully completed its trials at the Motukea Port outside of Port Moresby.

Mike Johnston, Nautilus’ CEO, said: “The overarching objective of the trials was to ensure that all three machines met the requirements of their respective functional design specifications in submerged conditions.

“Results to date indicate that they do. Analysis is ongoing with a view to complete a full report on the submerged trials by the end of Q1 2018.”

Nautilus confident

Nautilus CEO Mike Johnston said this during a meeting with Mining Minister, Johnston Tuke, and key state agencies to present a brief and update on the project.

Johnston said the company will deliver the Solwara 1 Project and the recent announcement of the departure of key figures and financing delays was no issue.

Despite this, Nautilus says the company will deliver the project once the seafloor production system is ready.

Johnston presented detailed insight into the project, emphasising that the company has made various tests to verify potential problems.