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Nautilus gives PNG more option time

Toronto Stock Exchange-listed Nautilus Minerals has agreed to extend the exercise date of options granted to the Papua New Guinea government in relation to its Solwara 1 deep-sea copper-gold-silver joint venture project.

Mining Journal

Following a December 11, 2014 pact, which saw the PNG government take a 15% fully funded interest in Solwara 1 its nominee company, Eda Kopa had six months to exercise the first of three 5% stake options...

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