Nautilus Minerals Inc. · OTC:NUSMF

Nautilus Minerals — Investor Presentation (September 2016)

18 slides from Nautilus Minerals's investor presentation, Sep 16, 2016

  1. Slide 1: Nautilus Minerals Investor Update

    Nautilus Minerals Investor Update September 16th, 2016 © Nautilus Minerals 2016

  2. Slide 2: Disclaimer and Legal Notice

    Disclaimer and Legal Notice  All information of a scientific or technical nature contained in this Presentation has been reviewed and approved by Mike Johnston, President and CEO of Nautilus Minerals Inc. (the “Company” or “Nautilus”), who is a qualified person under National Instrument 43-101.  T

  3. Slide 3: Agenda

    Agenda  Nautilus Minerals - snap shot  Recap - The Seafloor Mining system  Current Status  Remaining Plan To Completion  Finances  Growth © Nautilus Minerals 2016 September 2016 3

  4. Slide 4: Who is Nautilus Minerals?

    Who is Nautilus Minerals?  TSX listed and trading on OTCQX Major Industry Shareholders and Nasdaq Intl Designation ~27%  Market capitalisation ~C$91 million ~15% as at Sept 12, 2016  Cash on hand ~US$51.4 million as each on a non-diluted basis, excluding loan shares outstanding under the Company’

  5. Slide 5: Recap - Seafloor Mining System at Solwara 1

    Recap - Seafloor Mining System at Solwara 1 Using existing technology from the offshore oil and gas sector, combined with rock cutting and materials handling technologies used in land- based operations  Production Support Vessel – Operational base. Power supply and dewatering plant, material storag

  6. Slide 6: Current status - overall summary

    Current status - overall summary  All key “below waterline” equipment completed; • Seafloor Production Tools – delivered and in storage • Pump – FAT completed - delivery Nov 2016 • Riser – in storage  Vessel Build continues, but under revised schedule  Key minor contracts continuing (see slide 7)

  7. Slide 7: Project contract status

    Project contract status  Major equipment contracts complete  Progressing work on control systems and environmental scope  Pending contracts will be largely Chinese based Contract Status Completed Progressing Pending award SPTs SPE storage/wet testing Derrick Riser pipe Simulator/ control systems

  8. Slide 8: Revised work program

    Revised work program* *Based on the Company obtaining the necessary additional funding by June 2017 (refer to the Company’s news release dated August 22, 2016 © Nautilus Minerals 2016 September 2016 8

  9. Slide 9: Current status of the Seafloor Production Tools

    Current status of the Seafloor Production Tools  Seafloor Production Tools (SPTs) – Delivered – in Oman – Reviewing wet testing options  Umbilical winches for the 3 SPTs – FAT completed – Currently being stored at SMD SMD – Soil Machine Dynamics SPTs on vessel to Oman Umbilical Winch BC CM AC © Na

  10. Slide 10: Current status of the Riser and Lifting System

    Current status of the Riser and Lifting System  Riser – Complete – Being stored in the US  Subsea Slurry and Lift Pump (SSLP) SSLP 3 pipe riser – FAT completed (meets performance criteria of functional specification) – Delivery date November 2016 – Will be stored in the US SSLP Main riser welding

  11. Slide 11: Current status of the Production Support Vessel

    Current status of the Production Support Vessel  Current Status of the PSV  Marine Assets Sept 2015 Corporation – – Keel laying - June 10, 2016 Vessel Owner Item Completed %  Fujian Mawei Production drawings 90 Shipbuilding Ltd. – Steel cut - 20,068 tonnes 99 Building the Production Support Block

  12. Slide 12: Licence to operate

    Licence to operate  Maintain ML154 in good standing – MRA (regular meetings, etc.) – ML / EL reporting and maintenance  Maintain Political and Social Licence to Operate – Honouring commitments – Health Public Private Partnership  Environment – CEPA (regular meetings, etc.) – EMMPs on track (Q1 20

  13. Slide 13: Ongoing data collection – for EMMP's

    Ongoing data collection – for EMMP’s  Sedimentation rates (capturing events)  Noise (quantifying background noise and capturing events)  Stakeholder engagement © Nautilus Minerals 2016 September 2016 13

  14. Slide 14: Funding status - summary

    Funding status - summary  US$51.4million cash (as of June 30, 2016)  Subscription Agreement Signed – Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited – EGM of its shareholders October 26, 2016 in order to seek approval of the bridge financing – To raise gross proceeds of up

  15. Slide 15: Funding status - going forward

    Funding status - going forward  We do require more funding: – for the Solwara 1 Project build and delivery – to maintain and grow the business – to commence deployment and operations at the Solwara 1 Project by the end of Q1 2019*  Revised Plan splits requirement into 3 or 4 manageable, more evenl

  16. Slide 16: Growing the business

    Growing the business  Drill rig – modifications underway  Self potential sensor – building  Targeting initial programs on water by end of year © Nautilus Minerals 2016 September 2016 16

  17. Slide 17: Major milestones to end of 2017

    Major milestones to end of 2017 Item Date due Complete EMMPs Q1 2017 Vessel launched for first time end Q2 2017 Additional finance in place mid 2017 Second dry docking of vessel Q3 2017 Dewatering plant and derrick committed Q4 2017 © Nautilus Minerals 2016 September 2016 17

  18. Slide 18: Building Momentum

    Building Momentum Mike Johnston President & CEO [email protected] www.nautilusminerals.com www.cares.nautilusminerals.com Month 2013 18

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