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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

driver - 22 Nov 2018 10:48 - 248 of 269

B Mick

Cheers, was just going to post that, looking very good now completely derisked. If I wasn’t fully loaded I would be adding big time, MT isn’t even priced in till we get passed 1.5p looking at 6p then on to 12p with a divvy unless we get taken out.

banjomick - 22 Nov 2018 11:26 - 249 of 269

driver, there is also a 'One2One Investor Forum' event tonight in Dublin where EUA (Christian Schaffalitzky) are taking part:

https://twitter.com/eurasiamining

https://www.proactiveinvestors.co.uk/register/event_details/170

banjomick - 03 Dec 2018 13:34 - 251 of 269

Eurasia Mining PLC

Turner Pope Investor Evening



Eurasia Mining PLC (AIM: EUA.L), the PGM and gold producing company is pleased to announce that Keith Byrne will be presenting at an investor evening hosted by Turner Pope Investments (TPI) Ltd, on Monday 10th December. The event will be held in London, W1 and will commence at 5pm.


To register your interest, please email info@turnerpope.com or call on 0203 621 4124.

https://www.moneyam.com/action/news/showArticle?id=6229689

banjomick - 05 Dec 2018 08:45 - 252 of 269

05 December 2018
Eurasia Mining plc (AIM: EUA)

Monchetundra Mine Permit - further steps following permit award

Following the Company's announcement dated 20 November 2018 made on the final award of a mining permit for the Monchetundra PGM and base metals mine, Eurasia Mining plc (AIM: EUA), the PGM and gold producing company, is pleased to offer further details of the now fully approved mine permit and the administrative steps following the final award which bring the matter to a successful conclusion.

The mine permit was awarded by government decree made public on 20 November 2018 (see RNS dated 20 November 2018). The mining permit is granted based on a previously issued discovery certificate and fully authorises mine construction at the circa 2Moz Pd equivalent state-approved reserve and resource (1.9Moz palladium dominant 2PGE as palladium, platinum and gold) with significant additional nickel and copper revenue streams. The Monchetundra Project is located adjacent to the town of Monchegorsk, 130km south of Murmansk on the Kola Peninsula, bordering Finland in Northwest Russia.

Highlights

· Mine permit now fully approved and authorised by the office of prime Minister Dmitry Medvedev.

· The Company has conducted telephone communication with RosNedra, the Russian Federal agency responsible for mining, confirming that an order to issue the license documentation has been forwarded by the Ministry of Natural Resources to RosNedra and that an official document detailing the permit will be forthcoming, in accordance with standard procedure.

· The one-time license payment will also be confirmed to the Company. Payment terms are set out on a 20/80 basis, ie 20% initially and 80% within the first 5 years of mine production.

· The Monchetundra Project, with an in-situ total reserve and resource value of approximately US$2.1 billion (an internal calculation based on London Metal Exchange November 2018 spot metal prices, and prepared for guidance only) is now licensed to mine and can continue to the construction phase.

· As previously announced, an Engineering Procurement Construction & Financing ("EPCF") contract is already in place with the Chinese state-owned major infrastructure project group Sinosteel, for 85% (or US$149.6M) of a total contract value of US$176M.

· A US$50M sub-contract is specified within the contract and is assigned to Eurasia's 80% subsidiary Terskaya Gornaya Kompany ("TGK"), or a sub-contractor of its choosing, for engineering and pit development works in advance of mining.

· The mining license is the first hard rock PGM mining permit to be issued in the Russian Federation since February 2016.

· The 1.9M oz Pd eq (with a 3:1 Pd:Pt ratio in favour of palladium based on production) reserve and resource with base metals credits are now permitted for extraction at two open pit locations, West Nittis and Loipishnune (for further details see announcement dated 31 May 2017).


Christian Schaffalitzky, Managing Director and Executive Chairman for Eurasia, commented: "We are thrilled and honoured to have received the final permission required to proceed and build a mine at our Monchetundra PGM and base metals project. This permission and indeed recent milestones achieved by Eurasia with the Monchetundra Project are the culmination of many years of hard work and conviction to pursue a PGM project in an emerging PGM district and we are extremely thankful to the cooperation we have received at local and federal level in the jurisdiction we have chosen to operate in.

This is the start of a new chapter for the Company and its ambitions. Our commercial arrangements regarding the Monchetundra Project development can now be realised at this large low cost PGM and base metals project. The Company would like to thank the officials in all of the relevant ministries who have accessed the projects viability. The issue of this mining permit represents a sea change for the company, as this is a major project which the company intends to develop alongside our West Kytlim PGM and gold mine, which achieved steady state industrial scale production during 2018.

It is also significant that very few mine permits are issued for PGM projects, reflecting the lack of investment in this sector, something that we the Directors feel makes this project particularly valuable. The vast majority of permits issued in Russia are for gold projects, and it is also quite rare in the current phase of the resources cycle to find an exploration company taking a project all the way from green fields exploration through mine permitting. Now we progress onto mine development and production, at Eurasia's second mining license, based on its own discoveries, issued in less than three years.

As regards funding requirements, our arrangements with Sinosteel mean the Company can move forward with the project's development without recourse to further dilution of its shareholder base.

Finally, we note the recent price gains in Palladium to an all-time high in November 2018 ($1,219USD/oz at the time of writing (LBMA Prices)) as being particularly beneficial to the project.

It is our intention to offer specific timelines and objectives for the projects development through 2019 in due course."



Overview and more via link below

https://www.moneyam.com/action/news/showArticle?id=6232225

driver - 05 Dec 2018 18:35 - 253 of 269

Looking very good now with Pall at a all time high and no more dilution theres only one way this is going.


As regards funding requirements, our arrangements with Sinosteel mean the Company can move forward with the project's development without recourse to further dilution of its shareholder base.

Finally, we note the recent price gains in Palladiuhm to an all-time high in November 2018 ($1,219USD/oz at the time of writing (LBMA Prices)) as being particularly beneficial to the project.

driver - 05 Dec 2018 21:24 - 254 of 269

Markets
Gold Gets Leapfrogged as Palladium Extends Rally to Record Again

https://www.bloomberg.com/news/articles/2018-12-05/palladium-tops-gold-after-rally-driven-by-surge-in-global-demand

banjomick - 06 Dec 2018 14:21 - 255 of 269

Not sure if posted before but it does say "Date added: 06/12/2018 09:50:37"


Eurasia Corporate Presentation November 2018

https://www.eurasiamining.co.uk/investors/presentations/download?path=EUA%2Bnov%2B2018.pdf

driver - 06 Dec 2018 21:25 - 256 of 269

Mick

Cheers, yes looks like it’s been updated.

banjomick - 07 Dec 2018 08:57 - 257 of 269

07 December 2018
Eurasia Mining plc (AIM: EUA)

Monchetundra Mine Permit License Fee

Eurasia Mining plc (AIM: EUA), the PGM and gold producing company, is pleased to announce that, following from the official notice of the final award of the Monchetundra Mine permit, Rosnedra, the Russian Federal agency responsible for mining, has yesterday (06 December 2018) given notice of the one-time license payment terms.

The size of the payment has now been calculated by Rosnedra as RUR20,843,788, 20% of which (RUR4,168,758 or £48,853) is to be paid within 30 calendar days of registration of the licence at the state register of subsoil licences. The remaining 80% of the one-time license fee is payable within 5 years of the date of the licence's registration. These terms are stipulated in Russian subsoil licensing laws where a licence has been awarded to a Company based on a state approved mineral resource which the Company has itself identified.

It is expected that the official document will be transferred to the Company in the coming weeks and it is the Company's intention to the pay the initial 20% of the license payment from available funds on registration of the license. The balance is expected to be met as part of the capital development of the project.



Background to the Monchetundra Project.

https://www.moneyam.com/action/news/showArticle?id=6235900

cynic - 07 Dec 2018 09:56 - 258 of 269

the market remains consistently impressed with this company

driver - 07 Dec 2018 12:59 - 259 of 269

cynic

You need to get on board soon, or it will be to late

banjomick - 11 Dec 2018 09:53 - 260 of 269

1 December 2018
Eurasia Mining plc (AIM: EUA)

Monchetundra Mine Permit Registration


Eurasia Mining plc (AIM: EUA), the PGM and gold producing company, is pleased to announce that the official license certificate regarding the mine permit for Monchetundra has now been delivered to the company, and was yesterday, Monday 10 December 2018, registered with the state registry of subsoil mining licences in Moscow. A company director of the local subsidiary attended at Rosnedra in Moscow, the federal agent responsible for mining law, and received the mining license in person. This was subsequently officially filed with the state registry.

Rosnedra had previously calculated the one-time license payment (see RNS dated 07 Dec 2018) as RUR20,843,788, 20% of which (RUR4,168,758 or £48,853) is to be paid within 30 calendar days of registration of the license and the remaining 80% payable within 5 years of the date of the licence's registration.

A photograph of the official document, mining license MUR16493, has been uploaded to the Company's twitter feed. The license is issued to Terskaya Gornaya Kompany, Eurasia's 80% owned subsidiary, and is valid to the 07 December 2038, for the extraction of palladium, platinum, gold, copper and nickel.

Christian Schaffalitzky, commenting from the Company's Russian headquarters in Ekaterinburg said

'Congratulations to all our team in bringing this matter to a successful conclusion. Again we wish to thank the officials involved in moving the license documentation along so soon after the final decree from Prime Minister Medvedev. We look forward to advancing the project through construction now that the final permits are entirely in place. '

https://www.moneyam.com/action/news/showArticle?id=6239600

driver - 11 Dec 2018 11:43 - 261 of 269


We should now sit back and watch it happen it is totally obvious that EUA is completely under the radar, for a company that will in a short time scale be pulling in profits of up to $60m Pa a possible .5-.6 divvy from MT, plus profits from WK, plus profits from STP when up and running.
Take this opportunity to add if your boots are not fully filled and enjoy Xmas with a smile on your face.

driver - 14 Dec 2018 04:57 - 262 of 269

Turner Pope presentation

Https://www.youtube.com/watch?v=SQAhW8FmRv4&feature=youtu.be

banjomick - 14 Dec 2018 11:08 - 263 of 269

Cheers driver, I'll watch at lunch time.

driver - 14 Dec 2018 14:58 - 264 of 269

Eurasia Mining receives mining licence for Monchetundra palladium project


https://steelguru.com/mining/eurasia-mining-receives-mining-licence-for-monchetundra-palladium-project/528781

driver - 17 Dec 2018 07:49 - 265 of 269

Eurasia Mining PLC West Kytlim Mine - Additional License Issued.

All good news at WK.

Potential to add significantly to the resource base and life of mine for the operational West Kytlim project.

https://www.moneyam.com/action/news/showArticle?id=6246482

driver - 12 Jan 2019 14:32 - 266 of 269

Palladium Still Isn’t Pricey Enough.


https://www.bloomberg.com/opinion/articles/2019-01-11/palladium-prices-are-bound-to-go-higher-as-plati

driver - 07 Feb 2019 11:28 - 267 of 269

Interview: Eurasia chairman Schaffalitzky discusses potential doubling of reserves and increased efficiency at West Kytlim mine (EUA)

https://miningmaven.com/companies/eurasia-mining/728-interview-eurasia-chairman-schaffalitzky-discusses-potential-doubling-of-reserves-and-increased-efficiency-at-west-kytlim-mine-eua
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