The International Seabed Authority and the Cook Islands Investment Corporation (CIIC) have entered a 15-year exploration deal for polymetallic nodules in the Clarion-Clipperton Fracture Zone.
The area assigned to the Contractor spans a total surface of 75,000 square kilometres (km2) in the Clarion-Clipperton Fracture Zone (CCZ) and is comprised of 3 non-continuous parts.
3) Eighty percent of the exploratory leases for these nodules are located in a vast region called the Clarion-Clipperton Fracture Zone
(CCZ), which extends from Mexico to Hawaii and ranges from 4,000 to 5,000 m in depth.
Last September, Nautilus's 100%-owned subsidiary, Tonga Offshore Mining, released a maiden mineral resource estimate for its Clarion-Clipperton fracture zone
polymetallic nodule project, located within the Central Pacific Ocean.
The exploration area allocated to the Contractor lies within the Authority s reserved areas in the Clarion-Clipperton Fracture Zone
of the Pacific Ocean and is divided into three regions in three Blocks.
In 2012, The International Seabed Authority entered into a 15-year exploration contract with Nautilus Minerals subsidiary, Tonga Offshore Mining Limited (TOML) for exploration for polymetallic nodules in the Clarion-Clipperton Fracture Zone
The licence will allow exploration for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone
of the Pacific.
The application is sponsored by the Government of the Cook Islands, The area under application is the reserved area portion of the G-TEC Sea Mineral Resources NV claim area in the Clarion-Clipperton Fracture Zone
of the Pacific Ocean approved in July 2012.