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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

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

banjomick - 02 Feb 2018 08:48 - 164 of 269

02 February 2018
Eurasia Mining plc (AIM: EUA)

Monchetundra mine permit update: resolution issued by Rosnedra

Eurasia, the London listed platinum group metals and gold producer, is pleased to announce an update regarding the application for a mining permit at the Monchetundra Project on Kola Peninsula, submitted late 2017.

A review of the Monchetundra mining permit application has been completed by the Federal Anti-Monopoly Service (FAS) and all relevant divisions within Rosnedra. The official draft Resolution of the Government of the Russian Federation for the mining permit has been forwarded by RosNedra to the Ministry for Defence (MOD) and the Federal Security Service (FSB) for their approval.

Highlights:


- Rosnedra has approved a draft of the mining permit and has forwarded the relevant documentation to MOD and FSB.

- Once the mining permit is approved early stage operations can commence at Monchetundra.

- Mining permit application progressing considerably quicker than the company expected.


Christian Schaffalitzky, Executive Chairman at Eurasia commented "We are very pleased with this result and the efficiency of the officials at Rosnedra in processing this application. The experience of our staff in Russia, gained from successfully processing a similar mining permit for our West Kytlim Project has proven invaluable. We look forward to providing further positive news in due course."

The application has now progressed from Rosnedra, who manage the entire mine permitting process, to the MOD and FSB.

Background to the project:

Monchetundra is a major Platinum Group Metals ('PGM') and base metals project with state approved reserves plus resources of 2 million ounces of palladium equivalent of PGM with additional base metal and gold credits. A discovery certificate, guaranteeing mining rights was issued to the company in July of 2017. The mining permit application was finalised in Q4 of last year and submitted to Rosnedra (See RNS dated 05 December 2017).

As previously announced, state approved reserves and resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes (about 2 million ounces) palladium equivalent (predominantly palladium) at two open-pittable locations, West Nittis and Loipishnune. These open pits also contain significant gold and base metal credits including 28,124 tonnes of copper and 30,410 tonnes of nickel. The full Reserves and Resource Statement is set out in the announcement dated 31 May 2017.

To note, for the purposes of correlating the scale of this deposit to other international platinum group minerals and base metal mines, the total in-situ metal value of these Reserves and Resources, before metal recoveries and all costs, is calculated as 2.1 billion USD at today's (Jan 31 2018) metal prices. However, there can be no guarantee that this figure will be achieved by Eurasia

For more information please see our website at;
www.https://www.eurasiamining.co.uk/operations/monchetundra


Engineering Procurement Construction and Financing (EPCF) Contract

An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese corporation focused on mining, and was agreed in October of 2016 (see RNS dated 10 October 2016. The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel with this element of plant construction costs to remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

Discussions continue with other third-party service providers regarding the running of the mine at Monchetundra. The company hopes to emulate the contract mining arrangement utilised at West Kytlim by contracting the mining operation to a reputable international specialist company with experience in Russia, while maintaining control of the project for a percentage of gross revenue.

http://www.moneyam.com/action/news/showArticle?id=5840611

driver - 02 Feb 2018 10:57 - 165 of 269

Excellent new today another bit of the jigsaw added.

driver - 23 Feb 2018 09:48 - 166 of 269

On the move finally, nearly up to my Av of .55
Plenty of news to come here Permit, WK, MT.

banjomick - 02 Mar 2018 13:41 - 167 of 269

02 March 2018
Eurasia Mining plc (AIM: EUA)

Statement re Beaufort Securities Limited


The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. As a result, the London Stock Exchange has suspended BSL's membership of the London Stock Exchange pending clarification of the firm's position.

BSL is a joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the suspension of its membership to the London Stock Exchange, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

WH Ireland Limited, the Company's NOMAD and other joint broker, will continue to provide broking services to the Company.

Shareholders should note that the company has signed a financial public relations agreement with Credit Suisse and is in discussions with other groups regarding project finance for its projects in Russia.

http://www.moneyam.com/action/news/showArticle?id=5877817

banjomick - 09 Mar 2018 09:30 - 168 of 269

09 March 2018
Eurasia Mining plc (AIM: EUA)

New contractor appointed at West Kytlim, commencement of site work

Eurasia, the London listed platinum group metals and gold producer, is pleased to announce the commencement of site works for the 2018 field season at its West Kytlim Project in the Ural Mountains. Terms have now been finalised with OOO Techstroy of Nizhny Tagil ("Techstroy").

Christian Schaffalitzky, Executive Chairman at Eurasia commented "We are very pleased with this result which comes after extensive discussions, predominantly technical in nature, over the past number of months. We are very much looking forward to a successful mining season at West Kytlim and to working together with our new partners Techstroy. Site works have already commenced, in this the first week of March, a marked improvement on last year. This means we can take full advantage of the full mining season at Malaya Sosnovka starting now and aim to break ground at the Kluchiki area later this summer. In a show of good faith the contractors mobilised equipment to site a week ahead of final signing of the contract. We look forward to reporting on progress from the site in the near future."

Highlights:

- Machinery and equipment mobilised to site with stripping works to commence immediately.

- Revised flow sheet to incorporate a trommel and scrubber arrangement prior to sluice.

- Mining to initially focus on the Malaya Sosnovka site which contains 275,000m3 of productive gravels and 84 kilograms raw platinum.

- Mining to progress to the larger Kluchiki site which contains 893,000m3 of productive gravels for 319 kilograms raw platinum.

- Targeted productivity ranging 50,000m3 to 70,000m3 per month at a single working site.

- Options for deploying further washplants remain available to both Eurasia and Techstroy, who are permitted under the contract to deploy a second washplant during the 2018 mining season.

- Techstroy to manage mining, trucking and beneficiation of platinum bearing gravels, including construction, delivery and installation of mining and processing equipment in accordance with a mine design agreed between the parties.

- Techstroy to be further responsible for site clearance, preparatory and stripping works, washing of gravels and land rehabilitation.

- Eurasia to be responsible for the upgrade of the sluice concentrate to a saleable product at the existing onsite laboratory, as well as platinum refining and revenue distribution.

- Eurasia maintain complete project ownership and management of the mining license, the ongoing program to upgrade resources to reserves ahead of mining, and new licence applications on ground adjacent to the current mining licence.

- Sales revenues to be split 65%/35% in favour of the contractor with no further financial consideration. The distribution of sales revenue to be managed by Eurasia as and when payments are made in accordance with the existing metals refining and sales agreement between Eurasia and the metals refinery in Ekaterinburg (see RNS dated 28 July 2016).

Background to the agreement

Techstroy, based in Nizhny Tagil is an alluvial mining contractor with experience at mining operations in the Perm Oblast (Eastern Ural Mountains) including at the Suria Kazanskaya alluvial gold mine. Extensive technical discussions have been ongoing with Eurasia mining engineers over the past six to eight weeks, including a site visit in late January 2018. A thorough evaluation of the 2017 mining season was undertaken as well as comprehensive mine scheduling for the 2018 season. Techstroy have committed a fleet of mining equipment to the project including two Komatsu excavators, three bulldozers, one loader and five Kamaz 6520 ore trucks. Eurasia's Directors are confident the contractor has the necessary skill set and balance sheet to execute a successful mining operation in 2018 and in subsequent years.

Eurasia's West Kytlim Project is the second largest alluvial platinum reserve in the world currently, with 2,283 kilograms of raw platinum in reserves (defined to GKZ C1 and C2 standard) with resources and resource potential to a further 10 tonnes of raw platinum. For a more detailed reserves and resources summary please see RNS dated 05 December 2017.

http://www.moneyam.com/action/news/showArticle?id=5886114

driver - 09 Mar 2018 12:08 - 169 of 269

Excellent news also a better split than last time. This should see us heading towards the 1p hopefully before the license lands.

driver - 09 Mar 2018 18:19 - 170 of 269


New contractor starts 2018 mining season at Eurasia’s West Kytlim


http://m.miningweekly.com/article/new-contractor-starts-2018-mining-season-at-eurasias-west-kytlim-2018-03-09/rep_id:3861

banjomick - 26 Mar 2018 22:18 - 171 of 269

26 March 2018
Eurasia Mining plc (AIM: EUA)

Company Presentation

Eurasia Mining, an established platinum, Platinum Group Mineral ("PGM") and gold mining and exploration company is pleased to announce it will be presenting at two events this coming week commencing 26th March 2018.

Eurasia, in association with Bankex (www.Bankex.com), a fintech company focused on the tokenisation of assets, will be co-presenting at the Standard and Poor's Global Platts NORTH AMERICAN DIGITAL COMMODITIES SUMMIT on March 26, 2018 in New York:

https://www.platts.com/events/americas/north-american-digital-commodities/index

Subsequently, Eurasia Mining are attending the Mining Investment Asia conference in Singapore, 27-28 March 2018 in Singapore:https://www.mininginvestmentasia.com/

Eurasia are collaborating with Bankex to explore the potential for applying blockchain based solutions to develop resource sector mining projects, although there can be no guarantee at this stage that this will be achieved.

The rationale for the early stage collaboration is that the majority of PGM mined for industrial uses are used in industry to clean exhaust fumes in diesel and gasoline drivetrains and in much larger engines at oil refineries and chemical plants. These 'Green Metals' are particularly important in protecting the environment for future generations, and will continue to find applications in a more carbon efficient future. Eurasia and Bankex are interesting in exploring the possibility of creating a special purpose vehicle to apply blockchain based solutions to developing Green Metals mining projects.

Further information on this early stage collaboration will be provided in due course. More information on Bankex can be found on their website(www.Bankex.com).

Christian Schaffalitzky, Executive Chairman at Eurasia Mining commented - "Eurasia have tracked recent developments in the world of blockchain technology and its potential application to resource project development and are very pleased to work with Bankex to explore opportunities in this space. "

About Eurasia

As set out in the announcement dated 24 January 2018, Eurasia's 68% owned West Kytlim alluvial platinum mine is entering its first year of full production in 2018. Separately, approved resources within Eurasia's 80% owned Monchetundra Project on the Kola Peninsula comprise 1.9 million ounces palladium equivalent (Russian standard C1 and C2 categories) (see announcement dated 5 December 2017).

In addition, Eurasia maintain a right to participate in up to 67% of the Semenovsky Gold in Mine Tailings Project, a project demonstrating near term gold production potential.

http://www.moneyam.com/action/news/showArticle?id=5908619

driver - 26 Mar 2018 22:19 - 172 of 269

EUA going all blockchainy.

banjomick - 26 Mar 2018 23:42 - 173 of 269

yep, sounds very dodgy to me!

driver - 06 May 2018 23:14 - 174 of 269

hTTps://www.youtube.com/watch?v=SCNd_GrWl3Y

banjomick - 10 May 2018 08:05 - 175 of 269

10 May 2018
Eurasia Mining plc

Strategic Financing to Reduce Debt Facility & Broker Appointment

Eurasia Mining (LSE: EUA), the London Stock Exchange AIM quoted platinum and gold producing mining company, is pleased to announce details of a strategic placing to materially reduce the loan facility arranged by Riverfort Global Capital Ltd (the "Riverfort Loan" or "the Lender") announced 19 May 2017. In conjunction with the part repayment the Lender has agreed that they will not convert any of the remaining loan balance into new ordinary shares until 10 September 2018 at the earliest.

Highlights:

· The Company has raised through a significantly oversubscribed placing, gross proceeds of £500,000 through the placing of 166,666,667 new ordinary shares ("Placing Shares") at a price of 0.3 pence per share (the "Placing Price"), with a 1 for 1 attached warrant exercisable at 0.6p up to and including 16th May 2020 ("Placing Warrants");

· Approximately £300,000 (being USD$400,000 based on today's current exchange rate of USD1.35:GBP1) of the gross proceeds raised is being used to reduce the loan arranged by Riverfort Global Capital Ltd as announced 19 May 2017. The new balance remaining on the Riverfort Loan will be approximately £440,000. The balance of funds raised will be used for working capital.

· As part of the repayment, the Lender has agreed to not convert any of the remaining Riverfort Loan balance to new Ordinary Shares for at least four months from today's date and in any case not prior to 10 September 2018. Furthermore, no repayments on the loan facility are due until 10th September 2018.

· The term for the Placing Warrants are subject to an accelerator whereby if the 10-day vwap (volume weighted average price) of the Company's shares exceeds 1.8p then the Company can elect to cause all Placing Warrants to be exercised within 5 business days with payment due 10 business days later, or otherwise forfeited.

· Eurasia Mining's West Kytlim project (68% owned) is the second largest alluvial platinum reserve currently in the world. Production has recommenced with a new contractor and equipment in place, and is already demonstrating significantly increased levels of raw platinum production and revenues, for the 2018 mining season;

· Eurasia Mining's major project is Monchetundra (80% owned), which has state approved reserves and resources of 2 million ounces of palladium equivalent and a total in-situ metal value of over USD$2 billion at today's metal prices, before metal recoveries and all costs, has progressed to the final stage of mining licence approval (as announced 2nd February 2018). As announced 10th October 2016, the Company has signed an EPC (engineering procurement, construction) contract with Chinese state-owned Sinosteel to design, fund and build a 1.7million tonnes per annum PGM beneficiation project at Monchetundra.

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "It is timely and strategic to reduce and contain our Riverfort Loan funding facility as the Company enters the next phase of value growth.

"We are extremely pleased by the significantly increased levels of raw platinum production already occurring at West Kytlim with our new contractors and equipment in place to maximise the 2018 mining season. We eagerly anticipate the Monchetundra mine permit now that it is in the final stage of the approval process.

"The board is focused on delivering value to shareholders and we look forward to providing further updates to market over the coming weeks and months."

Placing

The Company has raised gross proceeds of £500,000 through the placing of 166,666,667 Placing Shares at a price of 0.3 pence per share (the "Placing Price") raising gross proceeds of £500,000 from private clients of newly appointed joint-broker, First Equity Limited.

The Placing incorporates the issue of warrants to subscribe for 166,666,667 new Ordinary Shares at an exercise price of 0.6 pence per warrant (a 100% premium to the Placing Price) on the basis of 1 Placing Warrant per 1 Placing Share, with an exercise period of up to 16 May 2020. If the Eurasia Mining share price exceeds a 10-day volume weighted average price ("vwap") exceeding 1.8p during the warrant term, the Company has the right to serve notice on warrant holders to exercise warrants. Should the Company serve notice, any Placing Warrants unexercised within the 5 business day time period allowed would be cancelled.

The Placing Shares will be issued under the existing authorities granted to the directors of the Company. Application will be made for these New Ordinary Shares to be admitted to trading on AIM, which is expected to take place on or around 16 May 2018. The New Ordinary Shares will rank pari-passu with existing ordinary shares.

A further 5,550,000 shares are issued to suppliers to the company in lieu of accrued fees.

Appointment of Joint-Broker

The Company has appointed a new joint-corporate broker - First Equity Limited, a London-based firm operating for over 30 years with client assets administered by well-established third-party custodians.

Total Voting Rights

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the issued ordinary share capital of Eurasia following the Placing Shares being admitted to trading shall be 2,030,585,874 Ordinary 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 calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Eurasia under the DTRs.

http://www.moneyam.com/action/news/showArticle?id=5965258

banjomick - 10 May 2018 09:49 - 176 of 269

10 May 2018
Eurasia Mining plc (AIM: EUA)

Mining update from West Kytlim

Eurasia, the PGM and gold production company is pleased to provide an update from its West Kytlim Mine, the second largest alluvial platinum mine in the world, which is now fully operational for the 2018 mining season. Following a general thaw at the start of May the operation has now achieved several successive days at near full capacity, with all machinery now operating to specification and as planned. Grades in platinum bearing gravels are considerably higher than had been expected and as a result initial production figures are also increased.

OVERVIEW:

· West Kytlim Mine is approaching capacity of circa 2,000m3 per day, water is now free flowing and all equipment functioning according to specification;

· No unauthorised or unplanned stoppages reported since an initial trial of the equipment on 3rd May 2018;

· Initial trial reports grades approaching 1g/m3;

· A total of 4.6 kg of raw platinum was produced from 3rd May to 9th May inclusive with 1.3kg produced on the 9th May. The 1.3kg produced in a day represents what the directors believe could be possible with this process in the future;

· Mining, washing of platinum bearing gravels and upgrade of concentrate has been continuous every day from 3rd May to date.

Christian Schaffalitzky, Executive Chairman commented: "We are very pleased at the level of professionalism and experience shown by the newly appointed contractor, Techstroy, in the opening weeks of this year's mining season. The Directors believe that the 4.6kg produced over the first 6 days is remarkable considering the total production of just 6kg by our previous contractor in the 2017 mining season. Grades seem to be consistently and considerably higher than we had calculated, and the machinery operating very efficiently in terms of costs, ore volumes and precious metal recovery. We may look forward to more continuous production updates from site in the coming mining season."

HIGHLIGHTS:

An initial 'first fill' test was completed successfully at the West Kytlim alluvial platinum and gold mine on 3rd May 2018. 500m3 of gravels were processed to test the new scrubber/tromell arrangement. The concentrate produced was collected and upgraded at the on-site laboratory. This first sample returned 428g raw platinum, for an average grade approaching 1g per m3.

Several successive days of continuous production have followed, the largest amount produced in a single day being 1.3kg raw platinum on 9th May 2018.

Shipments to the refinery in Ekaterinburg are expected to commence by contracted security professionals on 11th May 2018 and further updates will be provided in due course, as appropriate.

A site visit by Eurasia's auditor Grant Thornton UK was carried out on 7th and 8th of May. The site visit is a necessary element in Eurasia's audit process and ensures best industry practices in health and safety, mine site security and corporate and social responsibility.

Mining at 2,000m3 per day is expected to continue for the foreseeable future until either (i) the end of the mining season in early November 2018 or (ii) when the platinum and gold bearing reserves at Malaya Sosnovka are expired. When the latter occurs mining is anticipated to progress to the much larger Kluchiki area. Eurasia's contractor (Techstroy) holds in reserve a further trommel/scrubber which can be mobilised to site as required. The next fully permitted site, containing 893,000m3 of gravels, is the Kluchiki site which may, at the contractor's discretion, be developed during this year by mobilising a second washplant, with both sites operating concurrently. Further updates regarding the 2018 mine plan for the West Kytlim Project will be provided in due course.

A video blog is to be filmed on site in the week commencing 14th May and broadcast soon thereafter. A mine plan for the Malaya Sosnovka area currently being worked has been uploaded to the Eurasia website and can be viewed at
https://www.eurasiamining.co.uk/operations/west-kytlim

http://www.moneyam.com/action/news/showArticle?id=5965080

banjomick - 23 May 2018 12:03 - 177 of 269

Platinum Production Update

http://www.moneyam.com/action/news/showArticle?id=5982708

driver - 24 May 2018 15:42 - 178 of 269

RNS New vid on production.

https://vimeo.com/271657537

driver - 06 Jun 2018 15:37 - 179 of 269

Todays Tweeter, getting close..

https://twitter.com/eurasiamining/status/1004276230517067776

cynic - 11 Jun 2018 11:08 - 180 of 269

this joke company boasts that it has produced 1.3kg platinum in a day = 475kg in a year

let's put that into perspective ......
even zimbabwe produces 11,000kg in a year, and usa 3,650kg

as you would all tell me, DYOR but i think investing in EUA is only slightly more sensible than throwing money into UKOG

driver - 11 Jun 2018 11:56 - 181 of 269

Lol Cynic no research as usual.
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