Nautilus granted exploration tenements in Fijian waters
Nautilus Minerals announced on Thursday that they were granted offshore exploration licences in Fiji.
The Fijian Government has granted the company 14 special prospecting licences, covering a total of approximately 60,000 km2. The territory is considered highly prospective, having been the subject of marine research by Japanese, French and other scientific cruises in the late 1980s and early 1990s. The licences each have an initial term of two years.