SMS deposits are formed on the seafloor when hot water rises out of the seabed, hits the cold seawater and deposits its mineral load.
Land-based mineral deposits are producing lower grades at higher production costs and new discoveries are becoming harder to locate.
Neptune Minerals has prospective acreage in seven countries in the Western Pacific with approximately 175,000 Km2 of applications and granted licenses.
Neptune Minerals conducts year-round exploration campaigns in its tenements with the goal of identifying and validating future mining deposits.
Neptune Minerals’ ‘BABY STEPS’ approach, which allows for the mitigation of risk, was employed in developing our concept for mineral extraction.
Our samples to date are amenable to conventional sulfide flotation and/or leaching; it is feasible that our ore could be treated in existing plants.
The ‘BABY STEPS’ principle guides our environmental approach to preserve natural habitats.
Neptune Minerals respects and involves the local communities in which we work.