Has anyone heard anything about this firm regarding newsflow?

26 April 2017 
Eurasia Mining plc (AIM: EUA)
 
Sanderson Partners facility drawdown
 
Eurasia Mining plc, the PGM mining and exploration company, announces that it has executed the final drawdown of its loan facility with Sanderson Capital Partners (see RNSs dated 21 December 2016 and 29 March 2017).

The final drawdown of £50,000 was executed on 21 April 2017. The drawdown fee of £7,500 is to be satisfied by the issue of 1,500,000 ordinary shares in the Company's share capital, at a price of £0.005 per share, being the mid-price at open on 21 April 2017.

Accordingly, the Company has today issued a total of 1,500,000 Ordinary Shares (the "New Shares") and dealings in these shares are expected to commence on the 3 May 2017.

Following the issue of the New Shares the total number of issued ordinary shares in the Company will be 1,532,524,173 ordinary shares and consequently the total number of voting rights in the Company will be 1,532,524,173. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5538038

A little reminder of tomorrow's event:

****************************************************
Proactive Investors One2One Investor Forum - London

Rainbow Rare Earths Limited | Eurasia Mining plc | Mariana Resources Ltd. | Anglo Asian Mining Plc

May 9th 2017, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair

http://www.proactiveinvestors.co.uk/register/event_details/92

09 May 2017 
Eurasia Mining plc (AIM: EUA)
 
Company Update
 
Eurasia is pleased to update shareholders on the three projects currently being worked by the Company.
 
Highlights
 
·    Today is Victory Day in Russia - The contractor at West Kytlim has commenced production for 2017
 
·    Following the statutory approval of the Feasibility Study and the Reserves Report at Monchetundra, the Company is preparing documentation for the Discovery Certificate application
 
·    Company increases its interest option in the Semenovsky Tailings Project to 67%
 
 
West Kytlim
 
Detailed site preparation work has continued since our latest update on 24 March 2017. The main washplant has been delivered to site and assembly work nears completion. The small washplant is also ready for operation. The main ore zones in Malaya Sosnovka are prepared for mining. Snow melt is well advanced, resulting in the filling of the reservoir ponds to provide water for the washplants.
 
The contractor has selected 9 May as the official start date for production, being the anniversary of the end of World War 2, celebrated in Russia as Victory Day. Further updates will follow as production gets underway.
 
Monchetundra
 
As announced on 3 April, the Reserves Report and the Feasibility Study for the Monchetundra Project were approved by the State Commission on Mineral Reserves ("GKZ"). The next step is for the Company to file an application for a Discovery Certificate and the documentation is being prepared.
 
 
Semenovsky Tailings Project (STP)
 
Work continues on financing plans for STP, using project finance or else a (risk-free for Eurasia) revenue-sharing structure similar to that in place at West Kytlim. In parallel, Metal Tiger plc, in line with its new strategic objectives, will not continue with this project which was financed 50:50 in joint venture with Eurasia. As a result Eurasia now has the right to acquire 67% of the project under the exclusivity agreement with the owner, recently extended to 31 May 2017. The joint venture commenced in November 2015 (See RNS dated 16th November 2015) and significantly advanced the project through to state approval of maiden reserves of 3.9 tonnes of gold and 49.3 tonnes of silver (see RNS dated 31st August 2016). The joint venture also funded a metallurgical sampling program which tested the direct cyanide recovery of gold and silver from the tailings sediments.
 
Commenting on progress, Managing Director Christian Schaffalitzky said: "We are pleased to resume production at West Kytlim and look forward to a productive year. We are excited by the prospects for Monchetundra and shortly will file the application for the Discovery. As for STP, now that Metal Tiger will no longer be with us, we are in a better position to negotiate project finance with a third party, as we revert to a potential 67% interest".

http://www.moneyam.com/action/news/showArticle?id=5545276

Had some more at .4 early today..


("Eurasia" or the "Company")

Unaudited preliminary results

for the year ended 31 December 2016

http://www.moneyam.com/action/news/showArticle?id=5550052

Looking good here now, Sanderson will soon be out and a new loan in place onward and upwards..

only just seen the second RNS, will have a good read tonight

Was worried for a while but now i see a bright future again!!!

From yesterday:

Eurasia Mining looks at new loan as production picks up
15:35 16 May 2017

A loan arrangement with third parties and Dmitry Suschov, a director of the company, for £1.6mln will repay the existing Sanderson loan arrangement,



Eurasia Mining plc (LON:EUA) is looking to refinance with a director’s loan as it steps up production at the West Kytlim alluvial platinum mine in Russia.

A loan arrangement with third parties and Dmitry Suschov, a director of the company, for £1.6mln will repay the existing Sanderson loan arrangement, though the details have yet to be confrmed.

Eurasia posted first revenues of £140,00 in 2016 as it produced its first platinum at West Kytlim. Currency movements helped it post profits of £994,000 (£1.69mln loss).
This year at West Kytlim, Eurasia expects a full season of production and if development of a second area at Kluchiki goes to schedule a second plant may also come on stream before the end of the field season. 

At Monchetundra, a major compilation effort combined with new hydrogeological and metallurgical work, culminated in a feasibility study being lodged in December 2016 as an application for the approval of reserves under the Russian classification system
This study had been approved and the company is waiting for the formal registration of these reserves.

Eurasia said the next step is the application for a Discovery Certificate and then a production licence for a 25-year term. A development plan for two deposits will then follow.

At the Semenovsky tailings project, several project finance options are being considered with the aim to minimise shareholder dilution.

The company added that Michael Martineau is also standing down as chairman with Christian Schaffalitzky to take over as Executive Chairman and acting CEO.

Philip Whiterow

19 May 2017 
Eurasia Mining plc (AIM: EUA)

Up to US$ 2 million Loan Facility and Issue of Equity
Related Party Transaction
Transaction by a PDMR

Eurasia announces that it has entered into new funding facilities for approximately US$ 2 million with three parties, including its existing funding provider Sanderson Capital Partners ('Sanderson'), a consortium of investors arranged through London based institution Riverfort Global Capital Ltd ('Riverfort') including Cuart Growth Capital Fund I ('Cuart') and YA II PN ('YA'), and finally, a further investment from the Company's non-executive director Dmitry Suschov
 
Highlights:
 
·    All obligations regarding a previous Sanderson loan (see RNS dated 21 December 2016) have now been settled.
·    This comprehensive financing package of more than US$2 million has been designed to provide the Company with sufficient working capital, and
·    integrated with cashflow from the Company's operating mine at West Kytlim will allow the Company to carry out its 2017 objectives.
 
Christian Schaffalitzky, Managing Director said: 'We feel our finances are now well arranged, especially in light of income from production at our West Kytlim Mine this year, in 2018 and for its projected 12-year life.'
 
Further details:
 
Sanderson Capital Partners financing
 
The loan agreement, entered into with Sanderson on 21 December 2016 (see RNS dated 21 December 2016) for a principal of £1 million has been repaid and a new facility comprising a principal amount of £250,000 has now been arranged with Sanderson Capital Partners Limited over a twelve-month term (the "Sanderson Loan Agreement"). The Sanderson Loan agreement is interest fee and has a repayment date of 12 May 2018  
 
Eurasia has applied for immediate drawdown of the Sanderson Loan, and accordingly a drawdown fee of 15%, and a 5% legal and documentation fee for a total of £50,000 are now due. This is to be satisfied by the issue of 10,526,316 ordinary shares at a price of £0.00475.
 
Under the terms of the Sanderson Loan Agreement the loan must be used for working capital purposes and Sanderson has the right (but not the obligation) to convert all or part of the loan into Ordinary Shares of the Company at a price of 0.475p per Ordinary Share.
 
 
 
Loan Agreement arranged by Riverfort Global Capital
 
The Company has also executed a loan agreement with YA II PN Limited, on behalf of a consortium of investors arranged by London based Riverfort Global Capital Ltd for US$1,250,000, with a repayment date of 15 May 2018 although this can be extended, by mutual agreement, for a further 6 months for a fee of 6% of the then outstanding principal (the "Riverfort Loan"). The loan agreement was executed with YA as the lead investor with a participation by Cuart Growth Capital Fund ('The Investors').
 
Eurasia has arranged for immediate drawdown of the whole Riverfort Loan.
 
Interest applies on the loan at a rate of 14% although with a three-month repayment holiday on both interest and principal. An implementation fee of US$100,000 is immediately deductible from the principal amount on transfer of funds.
 
 The Investors may elect, at their discretion, to convert all or part of the loan repayments (interest and principal) into shares in the Company, at, the lower of a share price of £0.006 and, 90% of the Company's lowest daily volume weighted average price('VWAP') during the five days prior to conversion.
 
In addition, the agreement includes the issue of Warrants to YA (and any affiliated party of YA), at 50% cover of the principal amount, and at a 20% premium to the VWAP in the 30 days preceding the agreement. Consequently the Company has today issued 80,749,333 warrants at an exercise price of £0.006 per warrant. The warrants issued shall have a subscription period of three years.
 
Loan Agreement with Dmitry Suschov
 
The Company today has executed an agreement with Dmitry Suschov for a convertible loan of up to US$500,000 (the "Suschov Loan Agreement").  The Suschov Loan is convertible at any time into Ordinary Shares in the Company, at a price of 0.475p per Ordinary Share.
 
Under the terms of the Suschov Loan Agreement US$500,000 will be immediately drawn down by the Company. Interest accrues on the Suschov Loan at a rate of 15% which is to be satisfied by either cash payments or the issue of equity at a price of 0.475p per Ordinary Share.
 
In addition, Dmitry Suschov will be issued with a warrant to subscribe, at any time for the next three years, for 10,000,000 Ordinary Shares in the Company at an exercise price of 1p, i.e. 217% of the current market share price.
 
Following this transaction, and assuming full conversion of the loan and exercise of warrants, Dmitry Suschov would be interested in 391,031,912 Ordinary Shares in the Company, representing 23.71% of the issued share capital.
 
The directors of the Company consider, having consulted with the Company's Nominated Adviser WH Ireland Limited, that the terms of the transaction are fair and reasonable insofar as the shareholders are concerned.
 
Issue of Equity
 
Following the execution of the Sanderson Loan Agreement, the Company has today issued and allotted new shares in lieu of the Sanderson drawdown and legal fees. The total number of shares issued amounts to 10,526,316 at a share price of £0.00475 ("Sanderson Shares").
 
Accordingly, application has been made for the Sanderson Shares to be admitted to trading on AIM and Admission is expected to become effective on 26 May 2017. The Sanderson Shares will rank pari passu in all respects with the Company's existing Ordinary Shares in issues.
 
 
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following the allotment of the New Shares consists of 1,543,050,489 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

http://www.moneyam.com/action/news/showArticle?id=5552429

31 May 2017 
Eurasia Mining plc (AIM: EUA)

 Russian State Subsoil Agency approves Maiden Reserves at the Monchetundra Project

Eurasia Mining plc ("Eurasia" or the "Company"), the platinum and gold production company, announces that the Reserves Report and Feasibility Study for the Monchetundra palladium and platinum Project, submitted in late December 2016 (see RNS dated 22 December 2016), have now been approved by the Russian State Agency for Subsoil Use ("Rosnedra").

These Maiden Reserves are the first to be approved on the Monchetundra License. The notice regarding their approval at the State Commission on Mineral Reserves ("GKZ") was given on the 03 April 2017 (see RNS dated 03 April 2017) after which the report progressed to Rosnedra. These Reserves and Resources are attributable to Eurasia's 80 per cent owned Terskaya Mining Company ("TGK").

Highlights:

·     Global, state approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes ("t") (1.9 million ounces) palladium equivalent (palladium and platinum) with major additional gold and base metal credits, at two open pittable locations.

·     The Reserves are now fully compliant, as defined under GKZ standards, and final approval has been received at Rosnedra and the Reserves and Resources have been entered to the state balance.

·     An application for a Discovery Certificate attributing mining rights to the holder is to be lodged shortly.

Christian Schaffalitzky, Managing Director of Eurasia commented,
"This is an incredibly important development at our Monchetundra Project which we have been working on for more than 10 years now.

"Much of the 30 kilometers ("km") of drilling on the license was financed through a Joint Venture with Anglo American Platinum who sold their equity to Eurasia in 2014. Since that time, Eurasia have managed to continue to advance the project through to the Feasibility Study and Reserves approval, Engineering Procurement and Construction ("EPC") contract and financing - a considerable undertaking for an exploration company with a very limited budget.

"This excellent result has come considerably quicker than we had anticipated, as the Reserves Report and the Feasibility Study were only submitted for approval on the 31st December 2016.

"The application for the award of a Discovery Certificate has already commenced, and following that, Eurasia will be entitled for a Production License, thus following the same route as our West Kytlim project which we brought in to production in 2016. In parallel, we are working on creating partnerships with qualified firms to help realise the potential of this significant platinum, palladium, gold, copper and nickel mine, with the bonus of having an EPC contract with the financing inside it already in place.
"Our proposed route to development is similar to the model applied to our already producing mine at West Kytlim. As the Monchetundra open pit mine is significantly larger, a management company with experience in beneficiating platinum group metals ("PGM") ores will be employed.  These discussions have been underway for almost one year and are now advanced.

"In 2016, Eurasia made the transition from an exploration company to a production company and, in 2017, the West Kytlim mine will achieve its first year of production, with a further ramp up in production every year to 2020 and Life of Mine to 2028. West Kytlim may therefore underpin the Company going forward, as we further advance our Monchetundra Project and, indeed, the Semenovsky tailings project. We are pleased to announce that these Reserves comprise almost two million ounces total contained PGM."

Details

***via Link Below***

http://www.moneyam.com/action/news/showArticle?id=5558242

Excellent news $1.8b plus of reserves, should see a nice steady rise from here, M/Cap should be ten times the £8m where we are today.

Tip TV Mining – Kola Peninsula project gets a nod from Russia state agency – Eurasia Mining.

http://tiptv.co.uk/tip-tv-mining-kola-peninsula-project-gets-nod-russia-state-agency-eurasia-mining/

Good volume today and a nice 9.5% rise, still very undervalued a multi bagger in the making..

Who Should Attend?Date:

Wednesday 21 June 2017

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

15 June 2017
Eurasia Mining plc (AIM: EUA) 

Semenovsky Tailings Project - Extension of Agreement
 
Eurasia Mining plc, the Russia focused Platinum, PGM and gold production and development company, is pleased to announce an extension to the Heads of Terms agreement with OOO Metallurg Complect, over the Semenovsky Tailings Project ("STP"). Eurasia's exclusive right to acquire up to 67per cent of the project has now been extended to end of August 2017. This timeline ensures sufficient time for Eurasia to continue its development program at Semenovsky, ahead of making a final decision on participation.
 
Background to the Semenovsky project and metallurgy

Eurasia's initial agreement with Metallurg Complect was executed on 16 November 2015. Throughout 2016 Eurasia has made significant progress in developing the project towards mining. Eurasia contracted the writing of a feasibility study and reserves report and achieved approval of these reserves in August 2016.
The maiden reserves at the project were approved as 2.99 million tonnes of ore grading 1.18 grams per tonne ("g/t") of gold and 16.44 g/t of silver, with contained metal calculated as 3.5 tonnes of gold and 49.3 tonnes of silver (see RNS dated 31 August 2016 for full details of these results).

Subsequently, Eurasia undertook a metallurgical testing program to further clarify the best process by which to recover gold and silver from these mine tailings. Ultimately it was found that a 'low-tech' circuit liberating 40per cent of gold in cyanide leach tanks, and recovering gold from solution using a manufactured resin was found to present robust economics (see RNS dated 22 December 2016)

Internal calculations undertaken by Eurasia on STP indicate an 8.5-year mine life, producing an average of 4,938 ounces of gold and 682,000 ounces of silver per annum and generating total revenues of $57 million at a gold price of $1,135 per ounce (December 2016 prices). Eurasia has estimated that free cashflow after allowing for processing costs, land rehabilitation and relevant taxation would total $33million or $3.8 million per annum. At a 10per cent discount rate Eurasia has estimated the project Net Present Value to be approximately $15million with a project Internal Rate of Return of approximately 54per cent. However, at this stage, there can be no guarantee that these results will be achieved.
 

Bulk testing program

A further option, which is now being costed and discussed in greater detail involves transport of a bulk sample to a nearby operating gold plant to test gold recovery at an industrial scale. This may be considered as the final due diligence exercise in de-risking the project ahead of a decision on whether to proceed to building the mine. This operation is now being costed by Company representatives who are visiting the proposed plant. The plant comprises crushing, grinding and leaching circuits, with subsequent recovery of gold from leach solutions via a Merill Crowe Machine. To replicate the proposed plant at Semenovsky it is proposed to bypass the initial crushing and grinding circuits, and deliver Semenovsky ore direct to the leaching circuit. An update will be provided on this work as and when information becomes available.

Christian Schaffalitzky, CEO of Eurasia commented:
"I am delighted that Eurasia's exclusive right to acquire up to 67 per cent of the Semenovsky Tailings Project has now been extended to end of August 2017 as this ensures sufficient space for the Company to continue its development program.  I look forward to updating shareholders with our final decision on whether to participate in the coming months."

http://www.moneyam.com/action/news/showArticle?id=5567733

All good news for the future lift off. (bagger).

15 June 2017 
Eurasia Mining plc (AIM: EUA)

Discovery Certificate application for Monchetundra Reserves officially submitted.
 
Further to the Company's announcement regarding state approval of Reserves and Resources at the Monchetundra palladium and platinum project (see RNS 31 May 2017), Eurasia is pleased to announce that a Discovery Certificate application has officially been lodged at Rosnedra. This certificate assigns mining rights for the associated Reserves to the holder.

This discovery certificate application is made regarding all Reserves and Resources which received approval at the Russian State Agency for Subsoil use ('Rosnedra'). 

As previously announced, global approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes ("t") (1.9 million ounces) palladium equivalent (palladium and platinum) with major additional gold and base metal credits, at two open pittable locations. The full Reserves and Resource Statement is set out in the announcement dated 31 May 2017.

In addition, Eurasia will be presenting at a Shares Magazine Investor evening on Wednesday 21 June 2017, at Novotel Tower Bridge, London EC3N 2NR. Interested parties may register for the event at the below website;
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-210617

http://www.moneyam.com/action/news/showArticle?id=5568170

Eurasia Mining well-positioned in what will potentially be a major new PGM producing area
13:11 15 Jun 2017

“Kola is a company maker,” says Christian Schaffalitzky, managing director of Eurasia Mining plc (LON:EUA). “Certainly Kola is a company maker.”
He’s speaking in the wake of a decision by the Russian State Subsoil Agency Rosnedra to give its official seal of approval to the 1.9 mln ounces of palladium and platinum booked by Eurasia at its Montechundra project.

Situated at the western end of the Kola Peninsula, Montechundra is the only platinum and palladium project left standing in the region after the clear-out engendered by the long mining bear market. There are rumours that Barrick might reactivate a moth-balled project to the north, but that’s another story.

“I do think Kola will become a producing region in the future,” says Schaffalitzky, “simply because of the costs of mining PGMs in South Africa.”
South Africa is the world’s foremost producer of PGMs by some way, but operations there have been bedevilled by low prices, deep mines, union battles and a general air of political uncertainty.

A major new platinum district remains one of the holy grails of the mining industry, and if Kola isn’t quite set to challenge South Africa yet, Schaffalitzky remain optimistic about the future.

“The exploration potential remains excellent at Kola,” he says.
If the Russian bureaucratic environment can manage to be more benign than the South African one then, it may stand a chance.

A favourable sign was certainly in evidence at the end of May when Rosnedra gave the official government nod to Montechundra. Eurasia is embarking on the next phase, as Schaffalitzky explains.

“We are now filing a discovery certificate,” he says. “That’s the first step to getting title in Russia.”

In the interim there’ll be something of a hiatus on the ground at Montechundra, but behind the scenes the company will be working on a detailed development plan, that may yet include adding to the existing resource.

“The two open pits that comprise the project are pretty well defined, open at depth and along strike,” says Schaffalitzky.

“We’re optimistic they’re going to end up being even bigger than they are at the moment. But in the meantime, there won’t be much spend over the next 12 months. Instead we’ll be preparing the project for financing.”

To that end, Eurasia has already lined up Sinosteel as the major contractor. Sinosteel has agreed in principle to provide 85% of the US$176 mln development capital in the form of a LIBOR+3.5% loan which they will hold on their own balance sheet until they hand over the plant.

That leaves Eurasia with 15% to find, but on that score the company has a trick up its sleeve.

“We have to find the balance of US$25 mln,” says Schaffalitzky. “But there is, within the Sinosteel proposal a direct subcontract back to us to do the pre-strip, prepare road networks, do geotechnical work, conduct logistics and so forth. We do all that for a US$50 mln subcontract, so although we have to borrow US$25 mln we’re getting US$50 mln back.”

But will there be enough margin on that work to cover Eurasia’s end?
“We reckon we should be more than able to pay for the works we’re expected to carry out, plus the balance should be nearly enough to pay for the US$25 mln.
As for the remainder, Schaffalitzky says Eurasia did speak to a streaming company last year, but that actually at that point it was too early to enter into anything tangible.

The time for that will come again, but meanwhile Eurasia has also been making progress at the West Kytlim alluvial platinum mine in the Ural Mountains. The timetable here had been thrown off due to adverse weather, but nevertheless, says Schaffalitzky, 2017 is the year that the company expects to have full production from one washplant.

In time, two more washplants will come on stream, such that a back of the envelope calculation shows that by 2019 the project ought to be able to produce 300 kilos of PGMs per year.

That’s a nice little cash generator, made all the more useful by Eurasia’s arrangement with its contractor that its take comes as a percentage of revenues rather than profits.
But it’s still relatively small. For the company maker, it’s back to the Kola Peninsula and the methodical work that will be involved in pioneering a whole new platinum and palladium mining area.


Alastair Ford

http://www.proactiveinvestors.co.uk/companies/news/179326/eurasia-mining-well-positioned-in-what-will-potentially-be-a-major-new-pgm-producing-area-179326.html

Eurasia Mining ticks off key steps at Monchetundra
09:31 16 Jun 2017

Christian Schaffalitzky, managing director of Eurasia Mining plc (LON:EUA) caught up with Proactive's Andrew Scott to update on developments at their Monchetundra palladium and platinum project as well as progress at West Kytlim and the Semenovsky tailings project.

http://www.proactiveinvestors.co.uk/companies/stocktube/7648/eurasia-mining-ticks-off-key-steps-at-monchetundra-7648.html

Christian Schaffalitzky, MD of Eurasia Mining (EUA)

https://www.youtube.com/watch?v=Af1786HyC0I