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By Justin C. I. Baulch, Robina Sharpe, Steven J. Downey, John P. Feenan, Kate M. Perrin

Since becoming a public company in October 2005, Neptune Minerals has continued to advance its primary aims. Major achievements in the last year have been: • Successful completion of two simultaneous New Zealand exploration programs, Kermadec 2007 (K-07) and Colville-Monowai 2007 (CM-07); • New discovery of an inactive SMS field on the Rumble II West seamount; • Focused exploration license applications over quality areas of known SMS mineralization in arc and back-arc settings in Japan, Vanuatu, Papua New Guinea (PNG), Northern Marianas Islands (CNMI), Palau, and Italy; • Granting of licenses covering some 200,326 km2 of arc and back-arc within the EEZ of PNG and the Federated States of Micronesia (FSM); • Targeting of an additional mineralization style with extensive applications in PNG covering Conical Seamount-style Au-rich epithermal mineralization; • Welcoming Newmont Mining, one of the World’s largest mining companies, as a major shareholder; • Commissioning a scoping study to investigate options for mining and processing of SMS; Marine Minerals of the Pacific: Science, Economics and the Environment UMI2007 · The University of Tokyo, Japan Baulch 2 37th Underwater Mining Institute · 15-20 October 2007 • Invitation to contribute to, and participate in, the Meteor M73/2 Tyrrhenian Sea research program. The Company has granted exploration licenses covering 263,000 km2 in New Zealand, FSM and PNG, and a further 362,000 km2 under application in Japan, PNG, Vanuatu, Northern Mariana Islands, Palau and Italy.

By Kyung-Ho Park

The smelting leaching process is known as one of the most favorite methods for the processing of deep-sea manganese nodules because of its smaller environmental impact and easiness of manganese recovery. The sulphuric acid pressure leaching of the matte prepared from deep-sea manganese nodules was studied to dissolve the valuable metals. Almost complete dissolution of Cu, Ni, and Co from matte was achieved under the following conditions: leaching temperature 180°C, time 4 hours, PO2 10 kgs/cm2, acid concentration 2.5% (vol/vol), pulp density 5%, ammonium sulphate 40 g/l. Under these conditions the iron concentration of leach liquor was 0.95 g/l. Optimization of leaching parameters was carried out by statistical design of experiments using 23 full factorial matrix. The linear and interaction co-efficients were evaluated for dissolution of metal values and also for iron concentration in leach liquors.

Jan 1, 2003

By Russell Parrott

Acoustic techniques offer a rapid, economical, non-intrusive method of obtaining information about the stratigraphy and properties of seafloor sediments. During the past decade there has been a dramatic increase in the level of sophistication of high resolution seismic reflection equipment used for seabed and subsurface studies and in the signal processing techniques applied to the data collected with these systems. Processing of data from acoustic sources with repeatable and calibrated output, allows quantitative measures of the reflection coefficient, acoustic attenuation and scattering parameters of the sediments on the seafloor. Graphic recordings of seismic reflection data emphasize the coherent portion of the reflected energy for qualitative estimate of sediment properties and subsurface stratigraphy. Through application of signal processing techniques, quantitative information can be extracted from the coherent and incoherent components of seismic reflection data for estimation of surface character and sediment properties. These calculated parameters can be applied through interpolation between areas of available groundtruth. Acoustic techniques are used extensively to establish the regional geological framework of project areas and can also be used to extrapolate available groundtruth data into previously unsampled areas, and to optimize the design of a sampling program to provide the necessary groundtruth for the survey area.

Jan 1, 1985

By Porter Hoagland

It is well known that significant quantities of mineral deposits exist in the oceans. Most of these resources cannot yet be classified as economic "reserves" in the strict sense of the term, but they serve as backstops to deposits of identical minerals produced onshore. The prospects for the commercialization of ocean mineral resources will depend upon factors affecting both supply and demand, including, among other things, changes in consumption patterns, technological developments, new discoveries, developments in markets for complements and substitutes, and environmental regulation. In this presentation, we examine broad trends in mineral prices, as one of the most summary measures of the prospects for the commercialization of ocean minerals. Further, we report on any recent developments in the relevant product markets that may affect the potential for commercialization.

Jan 1, 1996

By Caleen E. Kilby

A program of surveying and studying the surficial sediments of northern Juan de Fuca Strait was undertaken between 1988 and 199 1. Detrital sediments were mapped from the intertidal zone down to 100 m depth along the slopes of a series of shallow coastal marine terraces. The sand heavy mineral content was examined over this region and sediment geochemistry and assays were performed on selected samples both offshore and from beaches along the coast. The coastline of southwestern Vancouver Island has numerous streams, with a history of small Au placer extraction, which empty into the strait to the south. Only very minor evidence of this was seen in values from isolated locales. However, one beach presented a remarkably different mineralogy and geochemistry from the remainder of the coastline. From the beach to 800 meters offshore heavy mineral contents were greatly elevated and Ti values were as high as 1.4% of the sand fraction. Minerals were relatively fresh and angular, with mineral percents distinctly different than those found elsewhere along this coastline. No stream of substantial size crosses this largely sandy-gravel beach. A series of studies identified the source of this small marine placer as having its origins n the tailings from a submarine pipe broken short in the next bay. A Cu-Au mine 1.5 km upstream, closed by the mid 1970's, had processed its ore underground and piped the crushed tailings to the submarine discharge pipe. The crushed material has been transported and concentrated with the longshore current and been sorted by strong coastal swells. Ilmenite/titanomagnetite from the homblendized basalt of the mine is the source of the Ti enrichment.

Jan 1, 1994

By Teruyoshi Narita

In Japan, the Ministry of Economy, Trade and Industry (METI) commenced a research and development (R&D) project on seafloor massive sulphides (SMS) in Japan?s exclusive economic zone (EEZ) in the 2008 fiscal year. In this plan, the road map of Resource evaluation, environmental impact study, mining system technology and processing technology fields consisting of the first and second stage has been shown for the commercialization of SMS. Based on this road map, Japan Oil, Gas and Metals

Sep 14, 2011

By Katherine H. Walton

The research affiliate projects of the Continental Shelf Division of the Marine Minerals Technology Center concentrate on the development of technologies and methodologies for the exploration 4 and assessment of nonfuel continental shelf mineral resources within the U.S. Exclusive Economic Zone. Three of the FY 1990-91 research grants are summarized below. Scientists at the Center for Applied Isotope Studies at the University of Georgia have developed ?An Advanced Design for a Seafloor Gamma Isotope Mapping System? for the rapid collection of data on seafloor sediments. This system is designed to detect gamma radiation emitted by naturally occurring radioactive elements found in marine sediments. This data can be used to study seafloor lithology and has direct application in marine mineral surveys. The purpose of this study has been to redesign and calibrate the system for marine mineral survey work. Recent modifications of the sled design, gamma radiation detector, and supporting software have resulted in considerable improvements in sensitivity, functional operation, and data acquisition.

Jan 1, 1991

By Dorothy B. Niell, O&apos

In its first three years of operations, the in-house programs of the continental Shelf Division of the Marine Minerals Technology Center (MMTC/CSD) have focused on the development of drill systems - technology and the improvement of techniques and applications of reconnaissance methods to marine mineral deposit characterization. Many of the technological advances made to date have been in direct response to specific requests from industry for drill systems needs, and from federal and state agencies seeking technical support for various research efforts. These cooperative programs have proven to be an extremely efficient and effective way for the MMTC to achieve some of the main program goals that were established for the organization at the outset: primarily, to encourage and assist U.S. industry in marine minerals research activities and to encourage cooperative work among research institutions, government agencies, and industry. The primary achievements of the MMTC/CSD to date include the development of the Remote Placer Drill System for rapid reconnaissance drilling of precious metal placer deposits (including both pneumatic prototype and hydraulic production

Jan 1, 1991

By V. Soloviev

The world?s data available on near sea-bottom gas-hydrate accumulation and deep-water fluid-discharge areas are presented in this paper. Gas-hydrate accumulation associated with fluid discharge (mud volcanoes, gas seeps, gas-saturated water seeps) is characterized by the following. First, the largest hydrate accumulations in sediments are located at shallow subbottom depths and have well-defined limits, especially in the upper subbottom part. Second, gas-hydrate formation in fluid-discharge areas is a present-day process, with the global occurrence of deep-water fluid-discharge areas numbering up to about ten thousand, and with all the seep areas being favorable for the formation of near-sea-bottom gas-hydrate accumulation. Third and principal, gas resources in the hydrates can be considered as renewable. Estimates of possible gas volume in single accumulations of hydrates and the global budget, as well as possible methods of gas utilization from such gas-hydrate accumulations are discussed in the paper.

Jan 1, 2005

By S. Jeffress Williams

The U.S. Geological Survey (USGS), over the past three decades, has carried out a spectrum of geologic surveys and research in marine areas of the Exclusive Economic Zone (EEZ) around the U.S. and its territories as well as in the Great Lakes region. Regional and topical studies have been undertaken throughout the range of marine environments: estuarine, tidal wetlands, coastal and nearshore, shelf, slope, and the deep ocean basins. The Survey's coastal and marine research programs consist of four elements shown in Table 1. The first includes studies using interpretations of bathymetry, seismic-reflection and sidescan sonar data, and analyses of sediment grab samples and cores to develop an understanding of the geologic framework. Information on the geologic setting, including the subbottom structure and stratigraphic relationships, and the geologic history and evolution of the areas surveyed are important parts of the program objectives.

Jan 1, 1992

By Yannick Beaudoin

The source of base metals in modern seafloor hydrothermal systems can be attributed to leaching of host rocks by hydrothermal fluids and/or potentially by direct degassing of magma. From an economic perspective, metal grade is the most important consideration for seafloor deposits. Tectonic setting appears to be a key factor influencing the development of high grade seafloor base metal sulfide deposits. Back-arcs have a clear advantage over other settings in producing large and rich polymetallic sulfide ores. Microinclusions of magma or so-called melt inclusions trapped in phenocrysts of lavas have contributed to our understanding of the ore-forming process. n this study, we present data from 103 melt inclusions mainly in plagioclase crystals hosted in basaltic to rhyolitic lavas from 9 modern seafloor tectonic settings: oceanic back-arcs (Manus Basin including an ODP Leg 193 drill hole, Bransfield Straits), continental back-arc (Okinawa Trough), mid-ocean ridges (Explorer, MAR), seamounts (Foundation, Axial, Pito), and a transform (Garrett). Most sites host active hydrothermal systems that are producing polymetallic sulfides.

Jan 1, 2005

By Cheong-Kee Park

Paleomagnetic properties of sediment cores were examined to reconstruct paleodepositional conditions in the Korea Deep Ocean Study (KODOS) manganese nodule area, located in the northeastern equatorial Pacific. The KODOS sediments studied have a stable remanent magnetization with both normal and reversed polarities, which are well correlated with the geomagnetic polarity timescale for the late Pliocene and Pleistocene. Average sedimentation rates were 1.56 and 0.88 mm/kiloyear for the Pleistocene and late Pliocene, respectively. Clay mineralogy and scanning electron microscope analyses of the sediments indicate that terrestrial material was transported to the deep-sea floor during these times. The variations of sedimentation rates with age may be explained by the onset of the northern hemisphere glaciation and subsequent climatic deterioration during the Pliocene and Pleistocene. For the Pleistocene, an increasing sedimentation rate implies that input of terrestrial materials was high, and also a high input of biogenic materials was detected as a result of increased primary production in the surface water. The down-core variations in paleomagnetic and rock-magnetic properties of the KODOS sediments were affected by dissolution processes in an oxic depositional regime. As shown by magnetic intensity and hysteresis parameters, the high natural remanent magnetization (NRM) stability in the upper, yellowish brown layers indicates that the magnetic carrier was in pseudo-single domain states. In the lower, dark brown sediments, only coarse magnetic grains survived dissolution and the NRM was carried by more abundant, multi-domain grains of low magnetic stability. The down-core variation of magnetic properties suggests that the KODOS sediments were subjected to dissolution processes resulting in a loss of the more stable components of the magnetic fraction with increasing core depth.

Jan 1, 2004

By Roy Nilsen, Aravinda Perera

With the exponential growth of demand for minerals and need for diversification of supply channels, deep-sea mining is rapidly becoming inevitable. Productivity of underwater mining technology is salient to justify the deep-sea explorations. Methods for enhanced productivity of mobile mining equipment in a system level are investigated in this paper. Lessons learnt from the land-based mining has been the basis of this investigation. In general, mining productivity can be enhanced in two ways; firstly, by maximizing the amount of recovered material per unit time and secondly, by minimizing the cost of operation per unit material. Equipment that enable faster excavation, loading and transport in the seabed contributes significantly in increasing the amount of slurry per unit time. Improved mean time between failures (MTBF) of mining equipment will reduce the operational down time, thereby, contribute to maximize the amount of mined material per unit time. Several factors influence the operational cost minimization per ton of slurry. Higher efficient motor drive systems including the motor and PWM-fed inverter not only will save power but also will emit lesser heat thus the heat management can be less complex. This leads to more compact drive systems that allows higher power density, thus increased payload weight per empty vehicle weight. An energy storage method in the form of an utracapacitor in the electric drive system will also save the energy supply from the upstream.

Jan 1, 2018

By Keith Gordon

The recent discoveries of hydrothermal activity in the ocean off New Zealand have created interest in the business community in the commercial possibilities of mining associated marine polymetallic sulfides. This interest is more so, as this hydrothermal activity is in much shallower depths, between 120 ? 1800 meters, than the typical 2400m in other parts of the oceans. Mining for other ocean deposits around NZ, such as phosphate nodules and off-shore deposits from gold bearing river beds is also attracting interest. The question is: - how can these deposits be mined without spending the enormous sums of money required for specialized mining technology? There are no dedicated off- the-shelf systems designed exclusively for underwater mining. Such systems require expensive development and manufacturing processes and then, are most probably designed for only one specific purpose. The costs involved place such equipment beyond the means of smaller entrepreneurial groups and only the big companies have the resources required. However, large companies are normally reluctant to take the risk of investing large sums of money into deep ocean projects. Australia and New Zealand, until recent times, have been somewhat isolated from European and North American technical resources - especially in the field of underwater technology. Over the past century such isolation has often led to solving problems with what has become locally known as ? ?the number 8 gauge wire method?. This approach to problem solving entails using whatever is available to get the job done and keep costs down. In the old days with NZ technology being mainly based around farming, a piece of No. 8 gauge fencing wire, although not designed for the purpose, was often used to fix various problems ? hence the term.

Jan 1, 2002

Massive sulfides discovered in 1991 and further explored in 1993 in the eastern Manus back-arc basin, north of Papua New Guinea, represent one of the few modem seafloor occurrences known to he associated solely with highly siliceous volcanic rocks. As such they are very close analogs of ancient volcanogenic massive sulfide (VMS) ore deposits, and hence an excellent natural laboratory for developing new approaches for land-based VMS exploration. The Manus Basin lies between the active New Britain subduction zone and volcanic arc to its south and the opposed inactive Manus subduction trench to its north. It is being extended in a complex pattern of short neovolcanic zones and oblique transform faults. In its western sector, relatively mature back-arc spreading has created predominantly basaltic segments with characteristics and mineralization generally similar to those of mid- ocean ridges. At its far east, however, the basin is distinctly immature. The East Manus Volcanic Zone lies between two members of the Manus transform set, and is an en-echelon series of neovolcanic edifices constructed on extensionally thinned island arc crust formed during the earlier manus subduction episode. Individual edifices range from predominantly basaltic to predominantly dacitic in composition. Two of the edifices are known to be hydrothermally active, and a particulate plume with unknown source occurs in the seawater column above a third.

Jan 1, 1993

By Daniel Brutto

Environmental considerations are a key driver within the marine mining consenting process across different national and international legislative regimes and are critical in shaping the global public perception of the industry. As a result, it is vital that mining companies seeking to operate within marine environments establish a robust understanding of the sensitivities of the seabed environments in which they are active, the impacts of their activities and the ability of the environment to recover from these impacts. The significant risks of failing to do so include an inability to either obtain or maintain operating permits. The risks can be mitigated by the common application of existing seabed biological expertise in baseline assessment and monitoring. The key ingredients of a fit-for-purpose, cost-effective seabed ecological assessment include early consideration of ecological issues within the project life-cycle through undertaking detailed desk-top studies as-wellas the multiple-use of data that have been acquired as a consequence of prospecting processes, with such data including remote acoustic data, seabed imagery and sediment samples. These data can be used to inform the design of robust benthic baseline surveys which provide adequate information on the ecological character of the environment in question and habitats and species of conservation importance - decreasing project risk and increasing the likelihood of securing consent.

Sep 14, 2011

By Rolf B. Pedersen, Ingunn H. Thorseth, Håkon Dahle, Ingeborg E. Øklandm, Linn M. B. Olsen

Weathering of sulfides and the generation of acid mine drainage (AMD) is a well- known environmental issue in on-land mining. The process can release potentially toxic compounds and heavy metals to the environment and is highly influenced by microbial activity. However, the weathering of sulfides in deep-sea environments is not well studied. In 2014 we therefore deployed two titanium incubators filled with freshly ground pyrite grains into an inactive part of the hydrothermal sulfide mound of Loki´s Castle vent field, aiming to study the in-situ seafloor weathering of the freshly exposed sulfides. Each incubator had five chambers placed in a depth profile, where the upper chamber was exposed to the bottom seawater. After one year of exposure, one incubator was collected and analyzed for weathering features and microbial colonization and community composition. In addition, one sediment core (25 cm deep) was collected from the sulfide mound in close vicinity to the incubators, and another core (45 cm deep) was collected from the (hemi)pelagic sediment just outside the sulfide mound. The cores were analyzed for geochemical composition of the solid material and porewater, and the microbial community composition aiming to define the redox zoning and dominating geomicrobiological processes in the natural deposits, and to unravel how these processes influence the mobility of heavy metals during sulfide weathering. Scanning electron microscopy (SEM) revealed development of Fe-oxyhydroxide weathering rims on the pyrite grains in the incubator chambers. Spalling of the rims on the most weathered grains, exposing fresh pyrite surfaces to oxidation, was commonly observed. The SEM investigation also revealed a positive correlation between weathering degree and microbial community density. Preliminary results from the microbial community analysis show a high relative abundance of putative sulfide oxidizers, suggesting that the community is governing the degradation of pyrite.

Jan 1, 2018

By James R. Hein

Low- to intermediate-temperature, diffuse-flow hydrothermal fields and associated mineral precipitates have been found at many locations along oceanic spreading centers, back-arc basin spreading axes, and midplate hot-spots. However, this type of hydrothermal field has not been found in oceanic fracture zones until recently. We mapped and collected samples from an active hydrothermal field in the Blanco Fracture Zone (BFZ) located in the northeast Pacific. The BFZ connects the Gorda and Juan de Fuca spreading centers and is divided into east and west segments by Cascadia Depression, a small spreading center. Small pull-apart basins occur along both the east and west segments. A complex set of basins near the western end of the BFZ includes from east to west, Surveyor Depression, East Blanco Depression (EBD), and West Blanco Depression. The hydrothermal field described here is located in the EBD.

Jan 1, 2001

By Justin C. I. Baulch

In October 2004 Placer Dome entered into an exploration farm-in agreement with Nautilus Minerals, to explore for Submarine Massive Sulphide (SMS) deposits on Nautilus? PNG exploration tenements. Placer/Nautilus currently holds approximately 15,000 km2 of tenements in PNG waters, either granted or under application, covering all reported seafloor hydrothermal vent occurrences.

Jan 1, 2005

By Andrea Koschinsky, Luise Heinrich, Stefan Gößling-Reisemann

"Germany, like several other countries, has entered a contract with the International Seabed Authority (ISA) to explore the prospects of commercial manganese nodule mining in the Clarion-Clipperton Zone (CCZ). Ensuring a maximally sustainable deep-sea mining operation requires a thorough understanding of the environmental impacts associated with every step of the mining process from the extraction of the nodules at the seafloor to the refinery on land. Against this background, the project presented here applies a combination of scenario-building and life cycle assessment (LCA) to assess and evaluate the sustainability performance of the individual process steps as well as the entire mining operation.Life cycle assessment (LCA) is a comprehensive methodological framework that allows the identification and quantification of impacts occurring during a products life-cycle, as well as the analysis and evaluation of their contribution to pre-defined impact categories, such as climate change, acidification and toxicity (Rebitzer et al., 2004). Until now, LCAs with a focus on raw material extraction have almost exclusively been applied to terrestrial processes. Noteworthy exceptions are offshore drilling, offshore wind farms and ocean fishing. Hence, the first part of the project is to investigate in how far LCA can be applied to deep-sea settings and if and in what way it could be adapted to be used in a deep-sea mining context."

Jan 1, 2017