Nautilus Minerals Inc. provided an update on submerged trials for the company's Seafloor Production Tools, with the final machine, the Bulk Cutter, due to finish trials next month. To date the Bulk Cutter has completed commissioning of the power and control system, on-shore functions testing, submerged function testing and submerged endurance trials. Remaining trials will focus on overall cutting performance, a key criteria for this machine. Ongoing analysis of the results to date indicates that the Seafloor Production Tools can perform to design specifications with the machine components all functioning as designed in submerged conditions. The cutting performance of the Auxiliary Cutter has been particularly positive. Approximately 770 tonnes of material was cut during trials, with the Nautilus site team commenting that the material appears at least three times harder than the mineralized material at Solwara 1, (even allowing for the hyperbaric effect on material located at seafloor depths of the Solwara 1 Project which are far greater than the depths at which the trials were conducted). The Company will provide a comprehensive analysis once all test work and data analysis is complete.