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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

banjomick - 28 Jun 2017 23:23 - 144 of 269

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

banjomick - 29 Jun 2017 17:29 - 145 of 269

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
 

driver - 17 Jul 2017 08:07 - 146 of 269

Excellent news.


Receipt of Discovery Certificate for Monchetundra Reserves and Resources

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

banjomick - 17 Jul 2017 08:49 - 147 of 269

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

driver - 18 Jul 2017 21:07 - 148 of 269

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

driver - 19 Jul 2017 08:55 - 149 of 269

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

driver - 23 Jul 2017 17:31 - 150 of 269

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

banjomick - 18 Aug 2017 14:47 - 151 of 269

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

banjomick - 04 Sep 2017 08:19 - 152 of 269

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

T110Mikey - 06 Sep 2017 09:00 - 153 of 269

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

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

banjomick - 08 Sep 2017 12:17 - 154 of 269

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

banjomick - 26 Sep 2017 08:55 - 155 of 269

26 September 2017
Eurasia Mining plc

Interim Results for the six months ended 30 June 2017

http://www.moneyam.com/action/news/showArticle?id=5678741

driver - 04 Dec 2017 16:10 - 156 of 269

Nice bit of movement today 18% news must be soon..

banjomick - 05 Dec 2017 14:09 - 157 of 269

05 December 2017
Eurasia Mining plc (AIM: EUA)

Monchetundra mine permit application lodged and West Kytlim reserves and resources and project update

Highlights:
- Monchetundra project mining license application completed and submitted for approval
- Eurasia team continuing to mine at West Kytlim, with final closure for the 2017 season imminent
- New exploration license applications made adjacent West Kytlim mining license

Eurasia, the London listed platinum group metals and gold producer, is pleased to announce that the application for a mining permit at its Monchetundra Project on Kola Peninsula has been officially lodged for approval at Rosnedra, the Russian federal commission on subsoil use. Monchetundra is a major Platinum Group Mineral ('PGM') and base metals project with state approved reserves plus resources of 2 million ounces PGM (predominantly palladium) with additional base metal and gold credits. A discovery certificate, guaranteeing mining rights was issued to the company in July of this year. (See RNS dated 17 July 2017)

An update is also provided below on the 2017 mining season at the West Kytlim platinum and gold operating mine in the Ural Mountains, and the plans for the projects development through 2018.

Christian Schaffalitzky, Executive Chairman at Eurasia commented "We are very pleased to have submitted the Monchetundra mining license application, our second application in just over three years. We are hopeful for a reasonable processing time and have the in-house knowledge and experience to make the process as smooth as is possible. We look forward to updating on the application's progress in due course. Meanwhile we continue to make progress at our West Kytlim Mine which is expected to temporarily close for the winter season, as usual, before the end of the month. Production volumes are considerably less than anticipated due to continued optimisations and modifications required to the machinery on-site. We are actively working on new commercial arrangements to upscale the operation for the 2018 mining season".

Projects Update

Monchetundra: Summary

Monchetundra is a 2 million oz (reserve and resource) PGM deposit with significant gold and base metal credits. The largest component of the previously estimated in-situ metal value of $1.7 billion is contained in Palladium (See RNS 17 July 2017 or Eurasia website for a complete summary of reserves and resources). Reserves and resources have already achieved state approval and a discovery certificate previously issued for this deposit on the Kola Peninsula, Fennoscandia, North West Russia.

Monchetundra: Production Permit

The application for a production permit for the Monchetundra reserves and resources has now officially been lodged. The review of the application has already begun, and it is expected to progress through the Anti-Monopolies board, Rosgeolexpertiza and other departments within Rosnedra. The award of the production permit may occur five to twelve months after submission. Although time consuming, the directors feel the risk to the Company is nominal, as the company has already been awarded the Discovery Certificate which guarantees mining rights to the holder.


West Kytlim: Summary

Eurasia holds a 75% interest in the West Kytlim (palladium, platinum, gold, iridium and rhodium) open pit mine in the Ural Mountains which, with state approved reserves totalling 81,059oz raw platinum (2,298kg), and significant resource upside, is the second largest alluvial platinum reserve in the world. This deposit of platinum group and precious metal nuggets within river sediments is being developed using alluvial mining methods which are widely considered as a lower cost alternative to the more complicated and capital intensive underground mining operations elsewhere in the world*.

As announced on 20 November 2017, Eurasia have welcomed a significant new direct equity investment from Venus Garden Holdings Limited (BVI) ('VGH'), which is owned by Mr Alexei Churakov, as a cornerstone investor participating at the then current mid share price and in line with a positive long-term outlook for the Company's assets and prospects. It is Mr. Churakov's stated intention to acquire a direct interest in Kosvinsky Kamen, the Russian company holding the mining right to the West Kytlim Project, although there is no guarantee that this will occur. Already Mr. Churakov has introduced potential new contractors to participate in the development of the project through 2018.

West Kytlim: Contract Mining

In January 2017, Eurasia renegotiated the terms of the agreement with its mining contractor RegionMetall, principally to ensure the contractor's commitment to developing the project in an economically sensible manner. To ensure sufficient capital was deployed to the project it was agreed that the contractor would fulfil a specific mining schedule. In return, the contractor was offered an exclusive right to mine all reserves and resources within the mining license. Certain concerns regarding the equipment used were addressed and modifications to the scheme used to wash gravels and concentrate platinum were agreed and were to be implemented before the commencement of mining in 2017. Early in the summer of 2017, the contractor's exclusive mining right was automatically revoked for failing to fulfil the agreed production schedule, timing and volumes in the initial months of the season.

As the contractor's mining method is more sensitive to weather conditions RegionMetall elected to largely discontinue operations in mid-October, though some equipment and personnel remained on-site. The total amount of metal produced by the contractor in this seasons operation amounted to 211 ounces (6kg) raw platinum.


West Kytlim: Large Enrichment Plant Fine Tuning

Ongoing maintenance and modifications to the large enrichment plant at site aimed at optimising recovery and increasing throughput, necessitated downtime and therefore actually reduced the anticipated production volumes. A series of vibrating screens, a key element of the gravel washing process, were further modified on site during the mining season to allow for better handling of oversized material. To increase capacity and to avoid blockages in the system it was decided to pump the platinum bearing product of the vibrating screen to the sluice, a modification which incurred further downtime.

As the operation at West Kytlim is contracted, the majority of operating and capital costs are borne by the contractor. In that respect, losses incurred by the contractor do not impact Eurasia as a consequence of less than anticipated mining volumes, however forecasted revenues are reduced.

West Kytlim: Eurasia's Role

Eurasia staff, principally a mining engineer, senior geologist and the director of the local company and project owner remained on site throughout the mining season, actively supporting the contractors work. The large enrichment plant is now optimised for full capacity in 2018. The directors feel progress in further proving the mining scheme and fully testing the equipment as applied to the specific parameters of the river sediments at West Kytlim has been satisfactory despite the less than anticipated production volumes.

Eurasia have taken the following steps to prepare for the 2018 mining season:

- Continued mining since mid-October, using Eurasia's own enrichment plant, and utilising some of the contractor's equipment, with additional machinery on hire from local providers. Work will continue until the natural close of this current mining season, expected before the end of November. This allows Eurasia to enjoy the full margin of the project, as owner operator, with indicative cash costs below $400/oz and in the lowest quartile of the global operating cash costs curve*.

- As of Wednesday 29 November 2017, the Eurasia operated washplant, utilising a simpler and lower volume processing scheme to the contractors, had produced a further 135 ounces (3.8kg) of raw platinum.

- Eurasia's washplant, operational for just one month has produced 38% of the seasons current total production of 346 ounces (9.83kg) raw platinum. Modifications to upscale this efficient though small-scale washplant for use in the 2018 season are now being considered. In addition, a detailed estimation of the operating costs associated with Eurasia's washplant will be conducted as time permits during the winter months.

- Maintained positive relations with the contractor, despite continued modifications to their processing scheme which led to reduced production volumes; this to ensure smooth working relationships in the 2018 mining season and beyond.

- Attracted bids and tenders for further suitably qualified contractors to ensure production in parallel from several open pits in subsequent mining seasons, thereby mitigating the single operator risk.


Mining may progress to at least two open pit sites in 2018, to further manage the single asset risk: current plans are for two open pits to be mined under contract and another by Eurasia itself as owner operator. The reserves targeted at Malaya Sosnovka in the 2016 and 2017 trial mining seasons remain a focus for the 2018 season, as well as the Kluchiki and Bolshaya Sosnovka mine sites which are also ready for development. The reserves statement at Malaya Sosnovka will show a small net increase year on year, as a 15% increase in reserves which achieved state approval earlier in this year (see RNS dated 24 March 2017) offset depletion by 2017 production.


West Kytlim: New licence applications

Based on earlier geological mapping and exploration work in the area, the directors believe that there is very good potential to increase both reserves and resources in the ground nearby to the West Kytlim area. Known platinum bearing geological units are continuous outside the current license but within the same river system as current reserves and resources. These geological units are a sensible target for further work. In that regard the Company has applied for two new areas to detail this potential, namely; Tipil (23.14km2) and Malaya Kosva (9.42km2) which were officially applied for in September of this year. As is the case with other parts of the current mining license, the Malaya Kosva area has been previously mined by dredging, the target for Eurasia's exploration will be potentially productive sediments in the near surface, beneath the previously dredged platinum bearing gravels.


Company's Update on Reserves and Resources (West Kytlim)

Following the increase of the reserves at the Malaya Sosnovka Area, which have now been approved by Rosnedra, an update on reserves at West Kytlim is here provided. Net attributable is net attributable to Eurasia through its 75% owned Russian subsidiary Kosvinsky Kamen. Reserves are calculated in-house and later approved and credited to the state balance by Rosnedra. Resources are not compliant with the Russian Standard, are not reviewed by Rosnedra and are calculated in-house in accordance with the Russian categories P1 and P2, to include resources within the current mining license. The P1 and P2 resource categories are provided for indicative purposes, are internal estimates and prepared by the Company only. They are provided to demonstrate the potential the Company is developing in the West Kytlim area.

Summary table of reserves and resources for the entire area, valid December 2017

***more vial link below***

http://www.moneyam.com/action/news/showArticle?id=5769379

banjomick - 11 Dec 2017 16:24 - 158 of 269

11 December 2017
Eurasia Mining plc (AIM: EUA)

Issue of Equity and Directors Holdings

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM mining and exploration company, announces that it has issued 220,336,028 ordinary shares of 0.1 pence at 0.28 pence per share (the "New Shares") in settlement of invoices for various services including accrued directors fees.

Of the New Shares:

(i) 18,778,596 ordinary shares are being issued to Managing Director Christian Schaffalitzky, in lieu of of accrued directors fees, bringing his total holding to 68,475,270 or 3.71% of issued share capital;

(ii) 1,785,714 ordinary shares are being issued to Non-Executive Director Gary Fitzgerald, in lieu of accrued directors fees, bringing his total holding to 20,394,101 or 1.1% of issued share capital;

(iii) 16,718,693 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of accrued consulting and directors fees

(iv) 133,761,370 ordinary shares are being issued to the Deloan Investments Limited controlled by Non-Executive Director Dmitry Suschov for the conversion of the USD500,000 Loan Notes and with shares under point (iii) above making total issued 150,480,063 shares, bringing his total holding to 435,357,129 or 23.56% of issued share capital;

A further 49,291,655 shares are issued at 0.28 pence to other suppliers in lieu of accrued fees.

Accordingly the Company has today issued a total of 220,336,028 New Shares and dealings in these shares are expected to commence on the 15 December 2017.

Following the issue of the new shares the total number of issued ordinary shares in the Company will be 1,847,847,150 ordinary shares and consequently the total number of voting rights in the Company will be 1,847,847,150. 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.

Christian Schaffalitzky, Executive Chairman commented: "We are pleased that Dmitry Suschov has foregone the interest due as well as agreeing to the early conversion of the loan, in return for exercising at 0.28p instead of 0.475p originally agreed in 24 May 2017."

http://www.moneyam.com/action/news/showArticle?id=5776755

driver - 14 Dec 2017 15:13 - 159 of 269

A bit of good news, can now take a breath with this stay of execution..

Amendment to Loan Agreement


http://www.moneyam.com/action/news/showArticle?id=5781954

banjomick - 14 Dec 2017 16:34 - 160 of 269

14 December 2017
Eurasia Mining plc (AIM: EUA)

Replacement - Amendment to Loan Agreement

The following amendment has been made to the 'Amendment to Loan Agreement' announcement released on 14/12/2017 at 12:18 under RNS No 3901Z.

The original RNS stated that the Company had entered into an amendment to the US$2m facility however this figure should have been cited as US$1.25m. The corrected text is as follows:


The Company confirms they have today entered into an amendment to the US$1.25m facility arranged by Riverfort Global Capital Ltd ("Riverfort") as announced on 19 May 2017.

All other details remain unchanged.

The full amended text is shown below.


Amendment to Loan Agreement


The Company confirms they have today entered into an amendment to the US$1.25m facility arranged by Riverfort Global Capital Ltd ("Riverfort") as announced on 19 May 2017.


The terms of this amendment are:

- For the next four months there will be no conversion of principal amount if the share price of the Company remains below 0.34p (a 51% premium to yesterdays close);

- The final repayment date of 15 May 2018 is extended to 15 September 2018 to cover the main production season at West Kytlim.

- The scheduled repayments for the next 4 months are significantly reduced to US$25,000 per month in cash plus interest. This is designed to direct more cash into mining preparation, including work on site, and at the same time to avoid share dilution;

- Warrants totalling 80,749,333 are cancelled and replaced by 109,196,618 new warrants at a price of 0.34p, being a 20% premium to the VWAP in the 30 days preceding this amendment. The warrants issued shall have a subscription period of three years from 15 May 2017.

- A 10% restructuring fee is to be recouped at the end of the term by addition to the principal amount.

Christian Schaffalitzky commented: 'We are excited by the prospects that the development of Monchetundra can bring during 2018, while aiming to operate successfully at West Kytlim. We appreciate the grace period here offered by our funding partner and the confidence they have shown in the Company generally and specifically in the West Kytlim Mine and its ability to generate revenue in the 2018 mining season. The entire board of directors, as recently demonstrated, share this confidence. Our team is currently busy working on the best options to ensure a successful mining season in 2018, as the Monchetundra project progresses through permitting. Furthermore, the Company continues to pursue new options that could enhance these projects, provide greater commodity diversity and to increase production volumes.'

http://www.moneyam.com/action/news/showArticle?id=5782291

banjomick - 24 Jan 2018 09:51 - 161 of 269

24 January 2018
Eurasia Mining plc (AIM: EUA)

Completion of transaction

Eurasia, London quoted PGM and gold producer, is pleased to announce that, further to the announcement of November 2017, Mr Alexei Churakov has now completed the purchase of a 7% minority stake in Eurasia's subsidiary ZAO Kosvinsky Kamen (KK) which solely owns and holds the West Kytlim project. After this transaction, KK is 68% owned by Eurasia.


Alexei Churakov is a former Goldman Sachs and Morgan Stanley investment banker focused on mergers and acquisitions and in financing deals in the mining sector. On 20 November 2017 it was announced that Mr Churakov had completed a direct equity investment in Eurasia Mining PLC and that a further investment into Eurasia's subsidiary Kosvinsky Kamen was underway. This transaction has now been completed.


Highlights:


· US$350,000 in cash, invested directly at the project level by Mr Churakov, representing the purchase of a minority interest of 7% of Kosvinsky Kamen ('KK'), the Company owning the West Kytlim PGM and gold mining project.

· Funds to contribute to the Company's 2018 mining plan which is now finalised and funded.

· Pre-season preparation including ground works, lease of machinery, staffing, logistics and pre-ordering of consumables to be executed in the coming weeks.



From the last audited accounts dated 31 December 2016, KK generated no profit and a turnover of £139,862; the value of the assets of KK was stated as £2.9 million.


Commenting on the transaction Eurasia's executive chairman said: "We are most pleased with the level of confidence shown by Mr Churakov in both Eurasia Mining PLC and now also the West Kytlim Project itself. These funds will be deployed to increase our production budget at the West Kytlim project in 2018. Furthermore, we look forward to progressing both our key projects during 2018, by implementing our mine plan for a successful mining season at West Kytlim, and by progressing our mining application for the exciting and much larger Monchetundra Project in the Kola Peninsula."


2018 Mining season at West Kytlim

The production schedule for the 2018 mining season has now been finalised with the chief use of these funds contributing to Eurasia's 2018 production budget. A significant increase and reorganisation of production is planned for 2018 at West Kytlim with mining to progress at two open pit sites, one mined under contract and the other by Eurasia itself as owner-operator. Mr Churakov is actively involved in planning the 2018 mining season including the introduction of a potential new contractor to operate alongside Eurasia's own operations. The reserves targeted at Malaya Sosnovka in the 2016 and 2017 trial mining seasons remain a focus for the 2018 season, as well as the Kluchiki and Bolshaya Sosnovka mine sites, which are also ready for development. Having multiple sites operating concurrently helps to mitigate the risk of stoppages for maintenance at one operational site.

http://www.moneyam.com/action/news/showArticle?id=5827494

driver - 24 Jan 2018 12:05 - 162 of 269

A welcome bit of news at last, had a small top up the other day 250k looks good.

driver - 25 Jan 2018 16:38 - 163 of 269

Eurasia Mining has two million PGM ounces in the ground, and a finance deal to get them out

http://www.proactiveinvestors.co.uk/companies/news/190624/eurasia-mining-has-two-million-pgm-ounces-in-the-ground-and-a-finance-deal-to-get-them-out-190624.html
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