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By Wonn Soh

As for Earth, where human beings live, approximately 70 % of its surface is covered by oceans. Today, advanced technology has led us to understanding the abyssal ocean floor through the use of submersibles and ROVs (remotely operated vehicles) for the last 30 years. Furthermore, the oceanic crust beneath the abyssal floor still remains an unexplored scientific frontier due to the lack of a direct approach. Exploration of this frontier is required to enhance our understanding of the mechanism of the M.8 class plate-subduction-type earthquake, of generation of the big tsunami, that caused the disaster, and of the paleo-global environmental change as well as of the origin of life as viewed in deep water thermal vents.

By T. Yamazaki, T. Goto, R. Arai, N. Nakatani

The importance of cobalt-rich manganese crusts on the Pacific seamounts for possible future rare metal sources has been recognized these 30 years. The thin layer-type coverage and the micro-topographic undulation of basement affect not only the excavation efficiency but also the economy of mining venture. Because of these distribution characteristics, no economic feasibility has been recognized through the past economic analyses. On the basis of a recent geological study about seamount rocks, a possibility of by-product substrate recovery for phosphorous supply with cobalt-rich manganese crust mining has been highlighted. In the mining model, the substrate rocks are utilized as phosphates for agricultural and chemical usages. Under some preliminary technical and economic assumptions, the possibility of cobalt-rich manganese crust mining venture is examined. The results show a better economy of the venture including the substrate rock usage for phosphorous supply. Introduction Cobalt-rich Manganese Crusts and the Economic Feasibility Cobalt-rich manganese crusts on the Pacific seamounts received attention as potential sources for strategic metals such as Co, Ni, Cu, and Mn, due to their vast distribution and higher cobalt concentration than manganese nodules (Cronan, 1980; Halbach, 1982; Manheim, 1986). In the earlier stage, the geological distribution characteristics were reported (Cronan, 1984; Clark et al., 1984; Misawa et al., 1987; Pichocki and Hoffert, 1987) and a systematic feasibility of the mining was studied (Hawaii DPED, 1987).

Jan 1, 2018

By J. W. Jamieson

"The future of the marine mining industry is tied to the resource potential of the seafloor. Everything from economic feasibility, policy decisions and environmental impact assessments to extraction techniques and mining tool design rely on an understanding of the size, composition, and distribution of the deposits. Development and regulatory decisions must ultimately be tied to not only the grade and tonnage estimates of individual deposits or groups of deposits, but also an understanding of the uncertainty of these estimates. Here, we will discuss how seafloor massive sulfide (SMS) deposit grades and tonnages are evaluated, and the sources of the uncertainties associated with these values.TONNAGE UNCERTAINTYFirst-order tonnage (size) estimates for SMS deposits are primarily determined from calculating the volumes of material that occurs as positive bathymetric features on the seafloor. The extent of sulfide mineralization on the seafloor can be determined either from visual surveys (camera-tow, remotely-operated vehicle (ROV), or human-occupied submersible surveys) or from volume calculations of bathymetric features identified from digital elevation models of the seafloor, or a combination of both methods. For bathymetric models to be used to identify deposits in the absence of visual groundtruthing, data resolution of 1 m or less is generally required to confidently identify a feature as being hydrothermal in origin (as opposed to a volcanic or tectonic feature), and therefore near-bottom multibeam data acquisition (e.g., using autonomous underwater vehicle (AUVs) or remotely operated vehicles (ROVs) is required (Fig. 1). Specific characteristics of bathymetric features, such as shape, slope angles and surface roughness can be used to identify features of hydrothermal origin (Fig. 1). However, so far, bathymetric features mapped at a resolution of ~1 m cannot be relied upon to unambiguously distinguish a sulfide mound, and the additional use of multiple AUVmounted sensors, such as magnetometers, which can be used to detect hydrothermal upflow zones, or self-potential sensors, which detect electrical fields related to the oxidation of sulfide minerals, can increase the confidence that a bathymetric feature is indeed a sulfide body, without the need for expensive and time-consuming visual surveys (c.f. Petersen et al., this volume)."

Jan 1, 2017

By D. S. Cronan

Studies on polymetallic manganese nodules and Co-rich crusts in the EEZ's of the Cook, Line, Ellice and Phoenix Islands between 0-20°S show that Ni and Cu reach their greatest combined abundances of over 2% between 2-8°S on the southern margin of the equatorial zone of high biological productivity, as a result of biological fluxing of Ni and Cu to the nodules at and just below the CCD. By contrast, Co reaches it greatest abundance of 0.6% south of 8°S in nodules on non-biogenic clays well below the CCD where little biological Co supply is likely. Nodule abundances are greatest (up to 30kg/m2) in the Co-rich area in part due to AABW flow, giving highest overall metal quantities per sq meter in the nodules there, particularly of Co. There are approximately 110 x 106 tonnnes of combined Ni plus Cu plus Co expressed as Ni equivalent in Cook Islands EEZ nodules, approximately 12 x 106t. in Phoenix Islands ones, and approximately 1.4 x 106 t. in Ellice Islands ones, in areas of greater than 5kg/m2 nodule abundance. In the Co-rich crusts, Co averages about 0.7% and crust thickness about 1.6cm, both related to metal fluxes in and adjacent to the 02 minimum zone in association with which both maximum thicknesses and Co grades occur. Within the Cook Islands permissive area there are about 930 x 103 t. of Co and 630 x 103 t. of Ni in crusts, in Phoenix Islands crusts there are about 69 x 103 t. of Co and 55 x 103 t. of Ni, and in Ellice Islands crusts there are about

Jan 1, 1989

By S. C. W. de Jong, E. de Hoog, J. M. van Wijk, S. J. Dasselaar

Introduction Technology development for sustainable, safe, reliable and efficient mining of polymetallic nodules in the deep seas requires careful design, thorough understanding and integrated testing of all equipment, physical processes and (sub) systems involved (Dasselaar et al [1]). Proceeding from Vertical Transport System (VTS) experiments at IHC laboratory scale by Van Wijk [2], with typical system dimensions of several meters, to prototype or pilot scale testing with typical dimensions of several kilometers, is a giant leap. Naturally, intermediate steps are required in order to mitigate the possible risks in the full-scale system’s (physical) processes. Within the EU program Blue Mining (2014-2018), possibilities emerged for performing experiments at intermediate scale: the so-called medium-scale vertical slurry experiments. Near Freiberg, Germany, the village Halsbrücke possesses a 140 meter deep empty vertical mine shaft, perfectly suited for housing the test setup. For this purpose, a 318 meter long 145 mm pipeline circuit was constructed, including both a 130 meter high vertical riser and fall pipe section. A purpose-built sediment injection and separation system was deployed, including a 55 kW centrifugal pump. The riser section has been equipped with sensors capturing pressure, temperature, flow velocity, volumetric concentration and flow visualization. The planning, modification and construction of the test facility site itself is described by Müller et al [3]. The present paper describes the objectives, experimental program, equipment, and the preliminary results. Publications on in-depth results are foreseen in the (near) future.

Jan 1, 2018

By Mayumy Amparo Cabrera-Ramírez

Polymetallic nodules are a widespread resource in the Pacific Ocean, particularly in the areas of Clarion-Clipperton (Cronan, 2000). The most abundant mineral phases are forme d by iron and manganese oxides, with minor elements such as nickel, copper, cobalt, molybdenum and rare earths elements (Cronan, 1977; Cronan and Moorby, 1981; Iyer and Sharma, 1990; Mangini et al. 1990; Banerjee et al. 1991). In the Clarion-Clipperton Zone (CCZ), several authors mention that there are three main mineral species of manganese oxides, which have been recognized and which are associated with different processes of formation: todorokita (Mn2+, Ca, Mg) Mn3 4+ O7. H2), vernadite dMnO and birnessite enriched in Fe and (Na, Ca) 0.5 (Mn4+, Mn3+) 2O4. 1.5 H2O. In nodules of hydrothermal origin have been found todorokite, birnessite, vernadite, goethite and pyrolusite. Although there are many oxides and hydroxides of manganese and iron in amorphous and microcrystalline phases that make up the bulk of the nodule (Frondel et al. 1960; Cronan 1977; Dymond 1981; Calvert and Piper, 1984; Aplin and Cronan, 1985; Martin and Lallier, 1993; Achurra et al. 2009), identifying specific mineral phases is difficult due to the intergrowth of different phases and associated detrital material.

Sep 14, 2011

By Paul M. Vercruijsse

Deep sea mining operations by nature are performed (or planned) in challenging environments. Another typifying characteristic of deep sea mining operations is the relatively high investment cost. This combination challenges engineers to design configurations able to mine the desired production rate in an efficient way. As design choices made for individual systems impact other parts of the system, it is vital to follow an integral approach to establish the one optimal overall system. Dredging and especially dredge mining learns that the excavation system, the slurry transportation system and the processing plant cannot be considered as individual sub-systems. These systems in any ?traditional dredge mining? operation interrelate to such extend that they must be developed towards an integral solution. The nominal production, peak production and variability of these figures must match for all subsystems in the overall mining system to optimize the mining efficiency. We call this the ?game of capacities?.

Jan 1, 2011

By Tobias Hens, Andrew Frierdich, Barbara Etschmann, Joël Brugger, Barrie Bolton

"Ferromanganese (Fe-Mn) nodules and crusts are prime targets for future deep-sea mining ventures due to their unusual enrichment of critical metals, such as Ni, Co, Cu, Ti, Te, Zr, Hf, Nb, Y, and REE. These metals are used in an ever increasing variety of high- and green-tech applications such as alloys, batteries for hybrid cars, fiber-optic cables, or liquid-crystal displays.1 Recovery and processing of these deposits will most likely be cost-intensive and require new solutions.2 Thus, innovative approaches towards the development of sustainable metallurgical processes represent one component that can positively affect the marine mining value chain. Dynamic mineral recrystallization of Fe- Mn oxide phases is a geochemical process that may have notable potential for future hydrometallurgical applications.Our research focuses on Mn oxides – potent trace metal scavengers with high sorptive capacity3 – and biogeochemical mechanisms that control Fe-Mn nodule and crust formation, alteration, and trace element enrichment. Biogeochemical redox cycling of Mn is characterized by microbial oxidation of aqueous Mn(II) to Mn(III,IV) oxides and (a)biotic reduction of these oxides to Mn(II)aq. During this cycling dissolved Mn(II) is in direct contact with solid-phase Mn(III,IV) oxides and can back-react via abiotic pathways (e.g., 4 and references therein). This results in continuous dynamic recrystallization of the Mn mineral substrate through coupled dissolution (trace metal release) – reprecipitation (trace metal incorporation) processes.4 We recently demonstrated in new experiments, that Ni is cycled during manganite recrystallization. It has been shown that, although Ni readily undergoes mineral-fluid repartitioning in the absence of Mn(II)aq, dissolved Mn(II) significantly catalyzes Ni exchange between solid phase and solution. Over a period of 50 days about 30 percent of the Ni atoms in Ni-substituted manganite (natural abundance composition) were exchanged with a 62Ni(II)aq isotope tracer at pH 7.5. Based on these outcomes we employed similar techniques to investigate the impact of dynamic recrystallization on Mn oxide phases in deep-sea ferromanganese nodules and crusts from three circum-Australian locations (South Tasman Rise, Lord Howe Rise, Coral Sea) and the Central Pacific Basin."

Jan 1, 2017

By Marlene Olivares Cruz

The particles that make up the deep-sea sediments have two main sources: 1) those that are created in situ from dissolved components and 2) those that are washed into the ocean in solid phases from the continents, atmosphere, space and interior of the Earth. Many particles as they sink through the water column reaches the seabed and are known as pelagic sediments with terrigenous, biogenic, authigenic, and cosmogenic components. Among the minerals found in the terrigenous fraction of pelagic sediments are quartz, clay minerals, feldspar, micas, ferromagnesians, and the biogenic fraction with remains of siliceous organisms, such as, radiolarian and diatoms. The chemical nature of marine sediments is controlled by the contribution of particulate matter derived from various sources with varying compositions for the fixing of elements during deposition and the compositional changes carried out within the sediments during diagenesis. In the last decade there have been several studies on the mineralogical composition of seabed sediments, suspended particulate materials and cores, together with paleontological and geochemical data are used for paleoclimatic and paleoenvironmental reconstructions, analyze changes in sea level, stratigraphic correlations and identify past and

Sep 14, 2011

By Pia-Maria Haselberger, Marc Schiemann, Christian Frühling, Nicolas Richter, Hendrik Wehner, Andreas Kaschube

"The paper provides the principle considerations for a novel vehicle class within the scope of the project Large Modifiable Underwater Mothership (MUM). The main idea for these ships is to create a highly modular building block system for the global layout. This building block system allows for a mission-dependent module assembly. For the purpose of deep sea mining for example, the range of tasks reaches from multipurpose transportation and exploration missions to supporting tasks in up to 5000 m depth, e.g. energy supply. Topics covered in this paper are related to potential missions for these vehicles, the modular layout and the structural layout of a separate block module. The paper closes with a conceptual design example for this class.Index Terms—MUM, UUV, underwater mother ship, autonomous underwater vehicle, modular, deep sea, conceptual designI. INTRODUCTIONAs one of the leading economic nations, Germany is in need of energy and raw materials. In the 21st century, marine resources are a prominent and promising alternative to land based resources. However, there are challenges that need to be considered. Rough and often poorly plannable weather conditions prevail distant to the marginal seas. Ice coverage makes offshore services inefficient and costly in Polar Regions. The average ocean depth of 3500m and the associated environment conditions cause difficulties in fulfilling tasks in the deep sea. The project Large Modifiable Underwater Mothership (MUM) [1] will enable more efficient solutions in order to accomplish undersea duties and services in harsh conditions.This joint project comprises workshares from Atlas Elektronik, EvoLogics, thyssenkrupp Marine Systems, the University of Rostock and the Technische Universität Berlin. The principle idea of the project is the conception of a novel vehicle class. With highly modular autonomous underwater vehicles, this class will be capable of undertaking a variety of different tasks. Classically engineered vehicle structures will be split into single basis modules which can be flexibly assembled with specialized mission modules to form potent systems for individual assignments. The group of basis modules consists of units for navigation, vehicle control, propulsion and energy generation via fuel cell technology. The potential reusability of system relevant modules leads to a significant cost reduction and to shortened development periods compared with conventional vehicle concepts. The integration of newly designed additional mission modules is possible with little effort and a separate commercialization of single modules is feasible."

Jan 1, 2017

By Michael Johnston

Nautilus Minerals is exploring for high-grade gold, silver, copper, and zinc-rich submarine massive sulphide deposits (SMS) within the territorial waters of the sovereign state of Papua New Guinea. Work to date has shown that these systems contain spectacularly high metal grades. To date a total of 88 surface sulphide grab samples have been collected from Nautilus’ Solwara 1 Prospect within EL 1196 in the Manus Basin, returning average grades of 15.5 g/t gold, 191g/t silver, 10.8% copper, and 4.7% Zn. Drilling in January/February 2006 confirmed the presence of this high grade system, with sulphide intersections up to 19m below the sea floor, with a best intersection of 11.6m at 9.1 g/t Au and 13.1% Cu.

By James R. Hein

A new data set of cobalt-rich ferromanganese (Fe-Mn) crust chemistry has been completed for the first detailed sampling of a latitudinal crossing of the Pacific equatorial zone of high biological productivity. Samples were collected in January-March, 1999, during the AVON 2 cruise aboard the R.V. Melville, Scripps Institute of Oceanography. Samples were collected from 4.6° N to 9.2° S latitudes along two ridges, the Marshall Islands-Gilbert Islands ridge (4.6° N to 3.5° S) and the Howland Island-Tokelau Islands ridge (1° N to 9.2° S). The two ridges are offset east-west in the region of overlapping latitudinal sampling by about 466 km. We determined the concentrations of 48 elements for 147 samples from 39 dredge hauls taken on 33 seamounts and island flanks that occur between the Marshall Islands to the northwest and Samoa to the southeast. Element concentrations can be examined as varying spatially and with water depth in the ocean and we examine those relationships based on statistical analysis of the chemical and spatial data. The mean Fe/Mn ratio of 1 and mean Co content of 4645 ppm are typical of West Pacific hydrogenetic crusts; but the mean Co content is low compared to those of some equatorial North Pacific sites, such as the Marshall Islands and Johnston Island EEZs. In contrast, the mean Cu concentration (1540 ppm) is 35% higher than the mean concentration for Pacific Ocean Fe-Mn crusts (998 ppm). Another striking difference is the 40% higher Ba concentrations (mean 3107 ppm) compared to typical Central and West Pacific crusts (mean 1876 ppm); but Ba concentrations are lower than those in California continental-margin Fe-Mn crusts (mean 4085 ppm). A final significant difference in Fe-Mn crust chemistry is Zr concentrations, mean 921 ppm (maximum 1523 ppm), which is about 30% higher in this data set compared to the previously determined mean value of 613 ppm for Central and West Pacific crusts. Zirconium has a strong positive correlation with Ba and a weak positive correlation with Mn.

Jan 1, 2003

By Raymond Kaufman

While there is no immediate worldwide shortage of hard minerals, the consumption of natural resources is constantly increasing, and there are ominous predictions of shortages to come. Means of meeting rapidly increasing demands are being implemented. These include such methods as exploration and discovery of new ore bodies, development of new mines, increasing production at existing mines, working or reopening known deposits of lower grade ore and tailings, recycling old materials, and developing more efficient and less wasteful processes to convert ores and metals into useful products. The United States, although itself mineral-rich, depends in large measure on imports for many key minerals and basic materials derived therefrom. According to the Department of the Interior, the U. S. depends upon imports for more than half of its supply of six of the basic thirteen raw materials required by any industrialized society - aluminum, chromium, manganese, nickel, tin, and zinc. By 1985 the country will also depend upon imports for more than half of its iron and tungsten, and by the year 2000 imports will have to supply more than half of the copper, potassium, and sulfur that it requires.

Jan 1, 1975

By David Heydon

NAUTILUS MINERALS is a leader in the commercial exploration for and evaluation of seafloor massive sulfide (?SMS?) deposits. Nautilus has exploration licences covering 15,000 sq km of seafloor in Papua New Guinea and is evaluating other areas in the Western Pacific. The Nautilus Western Pacific Gold-Copper project is an interesting case study of the interaction of the disciplines of Science, Engineering and Environmental Science to solve and attend to the challenges of a project without precedence. The Science books of geology and marine biology with respect to seafloor massive sulfides are still being written or at best are thin volumes with recognition still we know very little at this time. Science?s early discoveries and study of these mineral processes on the seafloor provided invaluable data from which to develop an exploration strategy and the genesis of Nautilus itself. The Engineering required for development of such deposits is a combination of yet to be tested ?theory and engineering principles? and adaptation of best practice from other fields such as oil/gas and telecommunication cable laying. The Environmental guidelines for exploring these deposits, let alone mining them, is at the moment still being debated by a panel of experts chosen by the International Seabed Authority.

Jan 1, 2005

By Alexander Malahoff

Six active Kermadec arc submarine volcanoes located between 34°S and 36°30’S were mapped and sampled by an interdisciplinary inter-institutional research team between April and July 2005 using submersibles Pisces V and Pisces IV aboard the mother ship the R/V Ka’imikai-o-Kanaloa. The purpose of the expedition was to study the relationship between hydrothermal activity, formation of hydrothermal mineral deposits, and the biodiversity of life associated with the hydrothermal vents. Of the volcanoes examined, all showed evidence of hydrothermal activity, including metal-rich plumes and helium anomalies. Only two of the volcanoes, namely Brothers and Clark, showed chimneys and surficial polymetallic sulfide deposition. Hydrothermal venting at a water depth of approximately 1,650 meters near the base of the northwest caldera wall of Brothers volcano has produced a field of chimneys, some of them seven metres high and discharging black smoker venting. Temperatures up to 300°C were measured from the active vents. Clark volcano has a double cone summit at a water depth of 875 meters. The shallowest cone has a near-summit hydrothermal vent field with five-meter tall venting chimneys with smaller structures around the periphery.

Aug 24, 2006

By Tim J. Boyd

Gregg Marine, Inc. (headquartered in Signal Hill, California) has recently introduced an innovative seafloor drill system for offshore geotechnical site investigation and seafloor mineral exploration. The system is capable of working in water depths of up to 3,000 meters and is rated to drill to a depth of approximately 150 meters below mudline. The remote operated system integrates established drilling technology with proven Schilling telemetry and controls. The flexible nature of the patented wireline drilling technology enables the use of standard sampling systems (up to PQ-size core and 3? thin-walled tubes) as well as downhole testing systems (including CPT testing, vane shear testing, downhole sensors and borehole geophysical tools). The modular nature of the seabed drill system and the accompanying launch and recovery system (LARS) enables the use of local vessels of opportunity for projects resulting in reduced project costs and improved mobilization responsiveness times. Keywords: seafloor, seabed, geotechnical, drill, drilling, core, coring, sampling, CPT, cone penetration testing, borehole, logging, survey, exploration, ROV, remote sensing

Jan 1, 2011

By Fernando J. A. S. Barriga

Exploration for active seafloor hydrothermal vent fields has been highly successful, and more than 300 such fields have been discovered to date. Some will most probably be mined, given their high metal grades (Cu, Zn, Au and others). However, the current practice detects active systems, and activity rates, not the size of the deposits. This strategy may leave undetected some of the best targets, for several reasons as follows: 1. Large hydrothermal plumes are a measure of dispersion of ore components, not of efficiency in the generation of orebodies; 2. Deposits formed a few hundred years (or more) before present will generally have ceased their activity and will not be detected by plume studies; 3. Deposits formed under a cover rock (up to a few meters of sediments, volcaniclastics, or the like) may exhibit only minor seafloor hydrothermal activity, possibly diffuse flow. Cover rocks will often host hanging wall rock alteration, expressed in geochemical and mineralogical haloes. It has been demonstrated in many instances, especially for deposits formed in the geological past, now exposed on land, that ore genesis under a cover rock is one of the most suitable processes for generating large massive sulfide deposits. One of the great challenges for submarine resource knowledge will be to develop adequate exploration strategies for sizeable orebodies, not necessarily hydrothermal vent fields, sometimes hidden under a cover rock.

Jan 1, 2011

By A. A. Schipaanboord, S. J. Dasselaar

"With the growing global demand for strategic metals, commodity prices are rising and the scarcity of some metals is increasing. Europe’s technology sector is also affected by this growing shortage of metals. Securing the supply of critical metals is now a major element in Europe’s economic strategy. The Blue Mining and Blue Nodules projects have been initiated to principally advance deep sea mining technology beyond current TRL-levels.These critical metals are found inside so-called “polymetallic nodules”, lying on the seafloor in deep-sea environment. These nodules have a typical abundance of 10-25 kg/m2 and a size range of 10-125 mm.Harvesting the polymetallic nodules is challenging. Two main methods of harvesting or collector equipment are distinguished: hydraulic and mechanical. Over the last year, Royal IHC has designed, build and tested a full-scale hydraulic collector. Meanwhile, a mechanical collector is being developed.First, a scaled version of the hydraulic collector was developed and tested in order to have a proof of principle. The development as well as optimization were aided by multiphase CFD simulations."

Jan 1, 2017

By John Parianos, Simon Richards

SUMMARY The Clarion Clipperton Zone (CCZ) hosts the most valuable deposit of polymetallic nodules yet discovered. Understanding the geology of this deposit is key to its effective exploration and mining. Nautilus Minerals (via its subsidiary Tonga Offshore Mining Limited; TOML) has been progressing its understanding of the relationship between seafloor morphology/structure and nodule abundance/morphology, both locally (within its contract areas), and globally (across the CCZ and the span of its contract areas of almost 70% of the CCZ). We present the first results of a project with the aim of developing a method to quickly and accurately map seafloor morphology/structure (Tectonic Subcomponent scale) without the necessity for high resolution seafloor multibeam data. Furthermore, the results presented here will allow a first attempt in understanding the relationship between seafloor geomorphologically-defined zones and plate-scale tectonics of the CCZ and adjacent plate segments. INTRODUCTION A relationship between the type of geochemical active layer and nodule abundance/morphology has long been understood (ISA, 2010). Consideration of the range of differing nodule types found within, but especially between, the TOML contract areas allowed Parianos and Pomee (2017) to refine this relationship further via interpreted thickness and dynamism of the geochemically active layer. The scale of the deposit, both in terms of space and time is staggering (a 10-20 cm thick deposit, spanning almost 4500 km, varying within a circa 10 Ma period), but a segment wide geological map may one day prove to reflect controls on nodule formation and distribution.

Jan 1, 2018

By Simon McDonald

The Neptune Group was established in 1999 to apply for exploration permits within New Zealand’s 200nm EEZ. These applications were to investigate and commercialise hydrothermal Seafloor Massive Sulphide (SMS) deposits identified by international researchers and to locate others. SMS are volcanically related seafloor accumulations of copper, lead and zinc with high levels of gold and silver. Neptune has three granted exploration licenses within the New Zealand EEZ and has application in other jurisdictions. Neptune undertook the world’s first commercial drilling exploration work of SMS in December of 2005.

Aug 24, 2006