There is nothing to lose by giving out a few exploratory licenses, and much to gain in terms of knowledge on whether or not to go forward to actual mining.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
Read about the exciting research survey conducted in Cook Island waters. Cook Islanders were front and center with all the work going on onboard.
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Seabed minerals voyage looks at reserve area north of Aitutaki.
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More deep sea research will be undertaken in Cook Island waters and Cook Islanders are right at the forefront of this next research survey. The team will be departing Rarotonga shores this December.
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More deep sea research is to be undertaken in Cook Island waters before the end of the 2019 year. Another company, Ocean Minerals Ltd (OML) who have reserved areas in the CI EEZ will be conducting similar research to that undertaken earlier this year. In addition OML will also collect biological samples from the sediment as well as conductivity, temperature and depth data. Cook Islanders will again be heavily involved in this upcoming research survey.
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The Cook Islands will be ready to harvest precious metals from the ocean floor in just five years.
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