Has anyone heard anything about this firm regarding newsflow?

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

Cheers driver, wasn't expecting to be able to watch the actual presentation.

29 June 2017 
Eurasia Mining plc (AIM: EUA)
 
Result of Annual General Meeting 
 
Eurasia Mining plc, the Russia focused Platinum, PGM and gold production and development company, is pleased to announce that all resolutions were duly approved at today's Annual General Meeting ("AGM")..

Speaking after the formal business of the AGM, incoming interim Chairman Christian Schaffalitzky said:
"Today our chairman Dr Michael Martineau is retiring from the board after many years of service to the Company. Michael was responsible for focusing the business on platinum, initiating a joint venture with Anglo Platinum in 2001 who worked with us for 13 years in Russia, supporting the developments which have led to the production start of the mine at our West Kytlim project and a major palladium, platinum, gold and base metals mine discovery as well as feasibility study and reserves approval at our Monchetundra project.

"We are very grateful for his role in leading Eurasia and we wish him well in his retirement. Now that we are at production stage it is a logical step to hand over the company from Michael's geological hands to production experts and will make the announcements regarding these people joining the board soon."

http://www.moneyam.com/action/news/showArticle?id=5576434
 

Excellent news.


Receipt of Discovery Certificate for Monchetundra Reserves and Resources

http://www.moneyam.com/action/news/showArticle?id=5586453

yes, good news and also:

"Meanwhile at West Kytlim, the Company's operating alluvial platinum mine with gold credits, located in the Ural Mountains, production has commenced from two production units (washplants). A larger washplant commissioned by our operating contractor is now in production in parallel with Eurasia's own smaller washplant. Further updates will be provided in due course, as appropriate"

http://www.moneyam.com/action/news/showArticle?id=5586453

Eurasia cracking on with mining application now discovery certificate's in hand
Share
14:07 18 July

http://www.proactiveinvestors.co.uk/companies/stocktube/7806/eurasia-cracking-on-with-mining-application-now-discovery-certificate-s-in-hand-7806.html

Starting to move up after the excellent update from CS yesterday.

EUA have put a price on MT $179m if sold off tomorrow would calc to 8.5p a share on MT with out WK or STP on my workings. Sounds good to me.

https://drive.google.com/file/d/0B_CYJAkvWceTaU9wVWF4dkJUczA/view

18 August 2017
Eurasia Mining plc (AIM: EUA)

Issue of Equity

Eurasia herby acknowledge receipt of a notice to convert a portion of the outstanding principal and interest on the Convertible Loan Agreement dated 15 May 2017 between YA II PN, Ltd. ("YA II") and Eurasia, into ordinary shares in the capital of the Company, according to the conditions outlined in the agreement (please see RNS dated 19 May 2017)

As per the conversion notice for the amount of $49,589.04 (£35,371.86) to be converted at a share price of 0.3974p being 90% of the lowest Daily VWAP during the 5 trading days immediately preceding the date of the conversion notice.

Accordingly, the Company has today issued a total of 8,900,820 Ordinary Shares (the "New Shares") in favour of YA II PN Ltd. Application will be made for the New Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 24 August 2017.

Following the issue of the new shares the total number of issued ordinary shares in the Company will then be 1,551,951,309 ordinary shares and consequently the total number of voting rights in the Company will be 1,551,951,309. 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=5633250

04 September 2017
Eurasia Mining plc (AIM: EUA)

Projects update and Monchetundra off-take agreement negotiations

Eurasia, the platinum, palladium, iridium, rhodium and gold production and development company, is pleased to report progress towards submission of the production license application for its Monchetundra Project, following the issue of the discovery certificate for the project's 1.9 million ounce palladium equivalent (platinum and palladium) Reserves and Resources, announced on 17 July 2017.

Highlights:

Monchetundra Project

- All necessary contracts covering mine design, blasting, mine surveying, ecological monitoring and land rehabilitation have now been assigned to third parties. Assigning these contracts is a necessary step towards a successful mining license application.
- The application for a mining license is expected to be officially lodged, on schedule, in September.
- Off-take agreement negotiations are progressing with Glencore (the third largest international commodity trader and resource project investor), Sinosteel (China's state owned EPC contractor and a major mining investor and commodities importer into China) and other major players that cannot be disclosed at this stage, for the entirety of the life of mine output. It is hoped an agreement will be reached with one of these parties in the near future and this agreement will integrate with Eurasia's already agreed, and signed, Engineering, Procurement, Construction and Financing ("EPCF") contract with Sinosteel which includes financing of $150 million as a 10 year facility at 6m LIBOR plus 3.5 per cent.

West Kytlim

- Mining at West Kytlim, Eurasia's operating platinum, gold, iridium and rhodium mine in the Ural Mountains is progressing.
- An increase in reserves was calculated over the mining area at Malaya Sosnovka owing to higher than expected mining grades and ore body extensions discovered in the 2016 mining season. These reserves increases have been approved and are being developed as part of the 2017 mining season.. Separately a mining allotment and quota has been agreed over the Kluchiki Area for the next season of production in 2018.
- A total of 1,490 metres of resource upgrade drilling was completed earlier in the year, at the Bolshaya Sosnovka and Kluchiki areas. All of these samples have now been processed to allow conversion of C2 category reserves to C1 category reserves. This work, managed by Eurasia but funded by Eurasia's contractor Region Metall, ensures mineable reserves for the 2018 and 2019 mining seasons.
- A further 390 metres of large diameter infill sampling is planned for the autumn of this year.
- In addition, revenue from the sale of metals has commenced from the refinery at Ekaterinburg, with shipments now occurring on a regular basis.
Background to Monchetundra Project off-take agreement negotiations

Eurasia notes an increased interest from refineries seeking Platinum Group Minerals ("PGM") and copper/nickel concentrates fueled by a tightening in the international supply of quality concentrates. The status-quo situation of recent years is reversing and refineries, reacting to a looming shortage of quality feedstocks, are reaching for quality upstream assets. This is well demonstrated by a recent transaction in the PGM and copper/nickel refining space over the Kevitsa Mine in Finland (270 kilometres West of Monchetundra) purchased by Boliden for a cash consideration of $712 million. The Kevitsa Mine is considerably lower grade than Monchetundra, although of larger tonnage. For more information please visit our web address below;

http://eurasiamining.co.uk/operations/monchetundra



2017, to date, has seen solid performance by all metals in the Monchetundra Project concentrate, namely palladium (an increase of 36.73 per cent year to date ("YTD")*), platinum (increased 9.88 per cent YTD), gold (increased 13.6 per cent YTD), copper (increased 31 per cent YTD) and nickel (increased 19 per cent YTD). This price environment has benefited the negotiations regarding the off-take of mine product at the Monchetundra Mine, as well as the sale of platinum and palladium at the West Kytlim mine.

*Sources: Kitco, infomine, prices valid as at 30th August 2017.

We look forward to updating the market on developments at Monchetundra and West Kytlim in the near future.

http://www.moneyam.com/action/news/showArticle?id=5649928

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The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

08 September 2017
Eurasia Mining plc (AIM: EUA)

Memorandum of Understanding signed with GoldMint PTE LTD

Eurasia, the platinum, palladium, iridium, rhodium and gold production company, is pleased to announce it has entered into a Memorandum of Understanding with GoldMint PTE ("GoldMint"), a Singapore based Limited Company. It is agreed that where Eurasia identifies potential exploration and mining projects it may choose to collaborate with GoldMint on financing all or part of these projects, and ultimately managing all or part of the mine output. The agreement may also be applied to Eurasia's current projects and interests.

GoldMint are developing a platform on which to establish a new means of managing physical gold assets, by applying blockchain technologies to make transactions backed by physical gold more fluid.

At this stage there is no specific understanding on the terms that any financing might take and neither party are obligated to progress on any venture, further updates will be provided in due course as appropriate.

http://www.moneyam.com/action/news/showArticle?id=5657983