Deep Reach Technology, Inc. Receives Contract from an Ocean Mining Exploration Company for a Deep-Sea Nodule Mining Scoping Study

Houston, Texas (USA) – 2015

Deep Reach Technology, Inc. (“DRT”) will be carrying out a scoping study to develop an initial concept for a deep-sea nodule mining system. The system will harvest seabed nodules that are rich in a variety of metals in high grades that are increasingly rare in terrestrial mines. Nodule collectors, measuring 12 m wide, hydraulically extract the nodules and pass them to a vertical transport riser driven by an airlift system. The riser carries the nodules to a mining ship that processes them before transferring them to a transport ship for delivery to metal extraction facilities on shore.

DRT’s extensive deep-sea mining experience will be used to create overall sizing requirements and conceptual designs for the mining ship, vertical transport riser, airlift system, and seabed nodule harvesters. In addition to technical design, the DRT team will provide capital (CAPEX) and operational (OPEX) cost estimates. DRT’s client plans to leverage the scoping study to launch a fund-raising campaign to permit more detailed engineering design, resource exploration and quantification, and environmental impact research.

The DRT Team, led by Dr. John Halkyard, has a strong multi-disciplinary legacy in deep ocean mining going back to pioneering work in the 1970’s. The current team includes geologists, ocean engineers, process engineers and environmental scientists with extensive experience in deep sea mining. DRT performs a broad range of services from concept and feasibility studies, to equipment design and test, to full FEED engineering. For further information contact Mr. Steven Rizea, DRT President at SRizea@deepreachtech.com or Dr. Halkyard, at JHalkyard@deepreachtech.com.