Papua New Guinea


Deep Sea Mining Finance Limited (DSMF) is a privately owned group aiming to become the first in the world to commercially mine Seafloor Massive Sulphide (SMS) deposits, starting with its high grade copper-gold (+11% Cu equivalent resource) Solwara 1 project (Solwara 1) in the territorial waters (Bismarck Sea) off the coast of Papua New Guinea (“PNG”).

With over 400 Seafloor Massive Sulphide systems worldwide as attractive targets for possible commercial exploitation, DSMF has first mover’s advantage to access a significant deep-sea mining pipeline.

Deep Sea Mining Finance Limited (DSMF), which is 50% owned by Mawarid along with a group of private individuals, acquired the assets of Nautilus Minerals Inc. (in liquidation). The project assets are currently held on care and maintenance as DSMF develops a farm-in arrangement with a group interested in developing the Solwara 1 Project.

In addition, DSMF holds a ~4.6% equity interest in The Metals Company, which is listed on NASDAQ.