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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

driver - 20 Aug 2018 20:18 - 219 of 269

maestro

As you can probably see I’m a LTH and I’m waiting for 6 to 10p. Been accumulating over a few years. My last buy was only last week. GL.

cynic - 03 Sep 2018 12:22 - 220 of 269

self-apparent that you guys should be making appointments at specsavers!

banjomick - 19 Sep 2018 13:39 - 221 of 269

19 September 2018
Eurasia Mining plc (AIM: EUA)

Settlement of loan facility, issue of equity and joint broker appointment

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM and gold producer is pleased to announce the final settlement of its remaining loan facility through the issue of equity, the appointment of Optiva Securities Limited ("Optiva") as joint broker, and the placing of the resulting shares with clients of Optiva.

The Company received a conversion notice from YA II PN Ltd ('YA'), being the lender under the terms of a US$1.25m facility outlined in a previous market announcement dated, 14 December 2017, to convert the outstanding loan amount of USD $522,097.17, which is now due for repayment, into 117,917,182 new shares in the Company at a price of 0.34p per share (the "Conversion shares").

Accordingly, the Company has today issued 117,917,182 Ordinary Shares. An application will be made for the Conversion shares to be admitted to trading on AIM and dealings in these shares are expected to commence on the 25th September 2018.

Following the issue of the Conversion shares the total number of issued ordinary shares in the Company will then be 2,344,680,569 ordinary shares and consequently the total number of voting rights in the Company will be 2,344,680,569. 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.

Broker appointment and placing of shares

The Company was also notified that YA has agreed to place the Conversion shares through Optiva Securities Limited ("Optiva") to Optiva's clients. The Company also wishes to announce that Optiva has now been appointed as a joint broker to the Company.


Christian Schaffalitzky, Executive Chairman commented; "This transaction completes the agreement with and the Company's obligations to YA, who do not hold any further warrants or options. The Company is now debt free and having foregone repayment is in a stronger position financially.


Eurasia is pleased to start working with Optiva in realising the Company's long-term growth potential and business goals. Optiva's estimation of the Company's growth potential is well demonstrated with this transaction. We look forward to updating the market on our progress at the operational level, including ongoing production at our West Kytlim platinum and gold mine very shortly."

http://www.moneyam.com/action/news/showArticle?id=6134131

banjomick - 24 Sep 2018 09:11 - 222 of 269

West Kytlim Mining update Sept 2018


Eurasia Mining, the PGM and gold production company, here provides a further update from its West Kytlim Mine, the second largest alluvial platinum mine in the world (after Konder in Russia) which the company brought to industrial scale production in May of this year. The mine continues to exceed Directors' expectations in terms of daily production targets and run of mine grades. Shipments of the mine product, a raw platinum concentrate, to the Ekaterinburg precious metals refinery are ongoing, commensurate with payments from sale of Platinum, Palladium, Rhodium, Iridium and Gold.

Eurasia's subsidiary Kosvinsky Kamen, and the mine's contractor Techstroy, have also jointly decided to progress with the much larger Kluchiki open pit, 2 kilometres to the south west of Malaya Sosnovka open pit. Forestry clearing began at Kluchiki in July 2018. Machinery and equipment were deployed to the site in August 2018, with full production following directly.

Overview:

· Total production now stands at 141.5 kg (4,549 ounces total raw platinum from 3 May to 19 September 2018).

· Monthly production averaging greater than 30kg raw platinum.

· Mining ongoing at Kluchki open pit, with current state approved reserves of 893,000m3 of platinum and gold bearing gravels.

· The nature of platinum bearing gravels, sedimentary units, clay and boulder content and the general mining scheme are largely similar at Kluchiki Open Pit.

· Grades continuing to exceed reserve grades by a considerable margin. Total average grade from production to date circa 1g/m3 raw platinum.



Christian Schaffalitzky, company Chairman has highlighted: "We are pleased to provide some further details on the production performance at our West Kytlim Mine, which we believe has been a great success story this year. We are clearly well ahead of our internal target revenue for the year, and with two months of production remaining in the season. Commencing work early on at Kluchiki open pit means we believe we are in an excellent position to ramp up to full scale production in 2019. Our contractor Techstroy in cooperation with our own direct staff at site have operated an efficient and safe worksite throughout the year.

The mining license application at the Monchetundra Project has now reached the very final stage, and we now look to a successful conclusion to the mine permit application. No administrative or technical issues have been highlighted to the Company".



Kluchiki open pit - further details via link

http://www.moneyam.com/action/news/showArticle?id=6138417

banjomick - 28 Sep 2018 08:56 - 223 of 269

28 September 2018
Eurasia Mining plc (AIM: EUA)

Interim report for the six months ended 30 June 2018

Eurasia Mining plc, the platinum and gold production company, announces its interim results for the six months ended 30 June 2018.

CHAIRMAN'S STATEMENT

The first six months of 2018 have been very busy for the company, with the full commissioning of the first washplant at the mine at West Kytlim and attaining the final stage of the mining licence application at Monchetundra.

In March 2018 a new contractor, Techstroy, was appointed and immediately started site preparation work. Actual mining of stockpiled ore at Malaya Sosnovka open pit commenced in April 2018 and the first platinum was produced in early May 2018. Production up to the end of the reporting period of end June 2018 was well ahead of management expectations with 76kg produced of our target for the first half of 2018 of 50kg. As already announced, production proceeded to Kluchiki open pit in August 2018 and at the time of writing, in late September, we have achieved circa 150% of our internal production targets for the entire 2018, with two months still remaining in the season. We believe this represents a major outperformance of our initial production targets. We recognise Techstroy's efficient operation that has served us well to date, and look to our continued partnership through 2019 and beyond.

At Monchetundra, the technical approvals were received in June 2018 and the documentation is now with the Prime Minister's office. We are hopeful that the permit will be signed shortly.

At the time of writing, in late September 2018, we are pleased to confirm that all our loans have been discharged and the Company is debt free. I would like to acknowledge the help of our advisers in this regard, particularly First Equity from the time of their appointment as our broker and subsequently Optiva Securities. The Company is now in a much stronger position, with robust plans in place for future development and steady annual production foreseeable each year at West Kytlim. Coupled with the planned development of a mine at Monchetundra, we can anticipate a significant step-up for Eurasia and its shareholders.

Christian Schaffalitzky
Executive Chairman


OPERATIONS UPDATE

West Kytlim Platinum and Gold mine, Ural Mountains, Russia.

At the time of writing (19 September 2018) the total amount of raw platinum produced from both areas mined at West Kytlim, Malaya Sosnovka and Kluchiki, was 141.5kg (4,549 ounces). Total average raw platinum grade for the period stands at circa 1g/m3.

Malaya Sosnovka Open Pit

The Company continues to break new ground at the West Kytlim Project which attained industrial scale production in May 2018 of this year at the Malaya Sosnovka open pit and had already attained full year production guidance by late July 2018. Mining has now proceeded to Kluchiki open pit where work has been ongoing since August.

West Kytlim is the world's second largest alluvial platinum and gold mine (after Konder in Russia) and is contracted to Techstroy, a qualified and experienced alluvial operator. Eurasia has developed the project from grass roots exploration, through successive feasibility studies and reserve approvals to the issue of a mining permit. Mining commenced at industrial scale in May of 2018 at Malaya Sosnovka open pit within the 21.4km2 license area.

The flow sheet for processing gravels, as redesigned in early 2018 utilises a trommel as the main tool for washing and disintegration to produce a sluice concentrate. This is then further upgraded to a raw platinum black sand concentrate at the on-site laboratory operated by staff from Eurasia's subsidiary Kosvinsky Kamen. Shipments of platinum concentrate to the Ekaterinburg precious metals refinery are ongoing, commensurate with payments from sale of Platinum, Palladium, Rhodium, Iridium and Gold.

Kluchiki open pit

Kluchiki open pit occurs within a few kilometres of the Malaya Sosnovka Area, downstream in the Tylai river system.

Reserves and resources of 319kg raw platinum were identified in the area and achieved state approvals as part of the feasibility study approved in early 2014 (see RNS dated 22 April 2014).

A full team of personnel continue to operate onsite including up to 22 people from Eurasia's contractor Techstroy and up to 8 people from Eurasia's subsidiary Kosvinsky Kamen. Appropriate standards of health and safety are observed on the mine site, no significant incidents involving personal injury have occurred at the site. The mine is in a remote area, 20km from the nearest settlement at Kytlim, a small village of several hundred people. Precautions are taken with regard to safety of mine product, though risk to mine security is considered very low. Corporate and social responsibilities are managed in line with the Company's newly adopted Quoted Company's Alliance Corporate Governance Code 2018. Appropriate environmental management policies are adhered to as prescribed by Russian Subsoil Regulations.

MONCHETUNDRA

Monchetundra is Eurasia's 80% owned ca. 2 million-ounce PGM (Reserve + Resource) project near the town of Monchegorsk on the Kola Peninsula. The project is in late stage feasibility and a mining license application has advanced to Ministerial level having already attained all necessary approvals through federal agents as prescribed under standard Russian subsoil permitting regulations.

In August 2018 the Company was notified that a recalculation of the one-time payment was to be undertaken by Rosnedra, as the mining license application was now more than 6 months old. This is considered a positive step towards a successful conclusion to the process. The one-time payment is a compensation paid to the state for the exploitation of a resource, calculated on a per deposit basis by Rosnedra, and payable over the initial years of the life of the project.

Further details and background to the Monchetundra Project:

Eurasia was issued a discovery certificate in July 2017. This certificate vouchsafes mining rights for the reserves and resources at two open pits, namely Loipishnune and West Nittis. A mining license application proceeded directly.

Currently, state approved reserves and resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes 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.

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 engineering group focused on mining, which was signed in October 2016 (see announcement 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 - this element of plant construction costs will remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

The EPCF also includes a sub contract to be awarded to Eurasia's subsidiary Terskaya Mining Company, to cover initial development work at the Loipishnune open pit. This sub-contract, in the amount of US$50m can be drawn down on award of the mining permit.

Other assets and interests.

Work continues at the Semenovsky Tailings Project, Republic of Bashkiria, where a bulk sample has recently been collected for testing at a nearby gold plant. The Company also maintains an active interest in development at the Kamushanovsky Uranium Project which has recently secured new investment. Further updates on these projects will follow when a commercial interest for Eurasia is secured.

http://www.moneyam.com/action/news/showArticle?id=6145928

driver - 01 Oct 2018 16:08 - 225 of 269

New Vid on WK


https://vimeo.com/292671251

banjomick - 25 Oct 2018 09:37 - 226 of 269

25 October 2018

Eurasia Mining plc (AIM: EUA)

Kluchiki Reserve drilling & Mine season finishing on schedule and ahead of targets.

Eurasia Mining, the PGM and gold production company, is pleased to provide a further update from its West Kytlim Mine, the second largest alluvial platinum mine globally (after Kondyor, Russian Far East). A trommel and sluice based washplant has been operating at an industrial scale on site since May of this year, initially at the Malaya Sosnovka Area, and later also at Kluchiki.

Infill reserves upgrade drilling was carried out at the Kluchiki Area in 2017 and 2018. The Company can now report on these audited drilling results. A further update will follow when the reserves calculation undertaken by the Company, based on new information resulting from the drilling program, is reviewed at Uralnedra, the official body qualifying state approved reserves locally.

The mine season is now finishing, on schedule and with total produced raw platinum well in advance of Company estimates. Work at site is now focussed on preparations for the 2019 season.

The Company is also actively engaged in progressing the mine permit application for the Monchetundra Project on Kola Peninsula. Recent communications with the relevant authorities have been answered as appropriate and the directors are hopeful of a positive conclusion to the process in the near term. A further announcement will follow in due course.



Highlights:

- Total of 895m of regular diameter core drilling undertaken in the 2017 to 2018 drill program with a further 67m of large diameter core drilled to verify regular core grades.

- Grades recovered in line with expectations from current state approved resource.

- Latest Company resource calculation, showing an increase in total contained platinum for the Kluchiki Area, has now been submitted for approval at Uralnedra.

- Evidence for bonanza grade ore pockets within the latest Kluchiki drilling results.

- Work at the mine site now focussed on preparations for the next season of mining, to ensure a smooth start-up in spring 2019.



Christian Schaffalitzky, Eurasia Chairman has commented. 'These new drilling data are very much in line with our expectations from many years working in the area. The grades from the drilling program, and in our Reserve calculation are very much in line with our previous Resource and Reserve grades.

Grades reported during the mining season have been far in excess of our Resource grades, as it is only through actually mining a deposit like West Kytlim that the true grade of the material can be measured; we have done our best to elucidate this in the section on nugget effect below. Our appreciation of the West Kytlim project's potential, and indeed it's value to the Company, has been recast during this first year of significant production, with total platinum produced at around 165Kg, or 165% of the Company's estimates. We also acknowledge the professionalism and performance of our partners Techstroy during 2018 and look forward to working with them next year. '

***More via link below***

https://www.moneyam.com/action/news/showArticle?id=6180603

driver - 25 Oct 2018 16:20 - 227 of 269

Eurasia Mining potentially able to double production next year at West Kytlim

https://www.proactiveinvestors.co.uk/companies/stocktube/10985/eurasia-mining-potentially-able-to-double-production-next-year-at-west-kytlim-10985.html

maestro - 29 Oct 2018 06:50 - 229 of 269

well still no licence signed off...maybe this week...palladium still rising

driver - 31 Oct 2018 17:12 - 230 of 269

Eurasia Mining debt-free as it beats production target for mining season

https://www.youtube.com/watch?v=lRJPcrgNaBg&feature=youtu.be

driver - 20 Nov 2018 16:17 - 233 of 269

Its here!!!!!!!

Final Approval Received for Monchetundra Mine

https://www.moneyam.com/action/news/showArticle?id=6214298

banjomick - 20 Nov 2018 16:30 - 234 of 269

Great news!

banjomick - 20 Nov 2018 16:37 - 235 of 269

20 November 2018
Eurasia Mining plc (AIM: EUA)

Final Approval Received for Monchetundra Mine

Eurasia Mining plc (AIM: EUA), the PGM and gold producing company, is delighted to announce that the office of the Prime Minister of the Russian Federation has approved the issue of a mining permit at the Monchetundra PGM and base metals project.

The Monchetundra project comprises 1.9 million ounces of palladium-led reserves and resources with platinum, gold, copper and nickel with a gross in-situ value of $2.11 billion, as detailed in the RNS announcements dated 21 May 2017 and 02 February 2018. A contract for engineering, procurement and construction and financing is in place with Sinosteel for the development of the mine. This announcement, made public through official government channels earlier today, 20 November 2018, concludes the extensive permit application process. The formal procedure involves the issue of the licence together with details of the advance royalty payment, to follow shortly.

Speaking after the announcement, Christian Schaffalitzky, Chairman said: " we are very happy that our work on obtaining this licence, which began more than ten years ago, has finally been completed. We are also pleased that the Company is debt-free as it prepares to develop Monchetundra. A more detailed announcement will follow in due course with the details of the licence and an update on the project."

maestro - 20 Nov 2018 17:12 - 236 of 269

fireworks tomoro... 3p easy

maestro - 20 Nov 2018 17:13 - 237 of 269

i was lucky...bought back in today around 0.55p

superman007 - 20 Nov 2018 18:00 - 238 of 269

TOMORROW WILL BE A MEGA FRENZY. WATCH EARLY TRADING! COULD WE SEE 500%+? DYOR BUT I THINK WE MIGHT!
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