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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

driver - 17 Aug 2016 22:26 - 32 of 269

Mick.

Cheers for the link increased my holding here, on the lows.

banjomick - 18 Aug 2016 14:33 - 33 of 269

driver, No problem.

Eurasia Mining - Semenovsky Tailing Project site overview (Video)
Thu, 18 Aug 2016, 11:00am BST

https://www.brrmedia.co.uk/broadcasts-embed/5788af8ea7593e3c7bbf7af2/event/?livelink=true&popup=true

banjomick - 31 Aug 2016 08:09 - 34 of 269

31 August 2016
Eurasia Mining plc (AIM: EUA)

Semenovsky Tailings Project - Reserves Approval and Extension of Exclusivity

Eurasia Mining plc,("Eurasia") the Russia focused PGM and gold production and development company, here working in partnership with Metal Tiger plc ("MTR"), is pleased to update progress on work on the Semenovsky Tailings Project (STP), in Bashkiria, Russia.

Highlights:

· Reserves approved totaling 2.99 million tonnes of ore grading 1.18 grams/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.

· An agreement to extend the exclusivity option on STP until 15 November 2016.

As reported on the 26 April 2016, a Russian Pre-Feasibility Study equivalent - the TEO of Conditions - had previously been reviewed and approved by the expert panel at the Bashkirian mines department. A Reserves Report incorporating a fresh Reserve calculation was immediately lodged for approval and has now been approved. Previous reserve calculations had not been approved at the deposit due to insufficient metallurgical work - Eurasia have integrated metallurgical work carried out on-site in 2014 which has now been considered sufficient for approval of C2 category reserves.

The entire tailings dam reserves were approved as Russian C2 standard - 2.99m tones of ore grading 1.18 g/t gold and 16.44 g/t silver - contained metal calculated as 3.53 tonnes gold and 49.28 tonnes of silver. The drill grid density and metallurgical work was sufficient for the approval of a C2 Reserve under the Russian system of Reserves assessment.

***See Link at BOP for Table***

C1 and C2 Reserves are defined by the national Russian standards on mining and minerals as published by the National Certification Body of the Russian Federation. Data included under this standard must be approved by the Russian Federal Agency for Subsoil Use ("Rosnedra")

The work at STP is being carried out under the Heads of Terms agreement ("Heads") outlined in mid November 2015 (see RNS dated 16th November 2015). The Heads allows Eurasia and Metal Tiger to acquire 67% of the Semenovsky Tailings Project ("STP") owned by OOO Metallurg Complect. These Heads, signed between Eurasia, Metal Tiger, and the Russian registered company OOO Metallurg Complect, covered an exclusive option period of 6 months to allow for due diligence by Eurasia and Metal Tiger personnel. This was extended in May 2016 to 15 August 2016. A further extension of the exclusive option has been entered into today, to extend that exclusivity period to 15 November 2016 as work continues on detailed metallurgical testwork.

Eurasia as manager aims to complete the due diligence work and if satisfactory conclude the acquisition under the terms of the Heads, although at this stage there can be no guarantee that it will do so. Subsequently a feasibility study will be completed, which is expected to include bulk sampling, flow sheet studies and mine design.

Christian Schaffalitzky, Managing Director at Eurasia Mining comments

"We are pleased to confirm what amounts to a maiden reserve calculation under Russian standards for the Semenovsky project. It is a significant milestone and shareholders can see positive results less than 12 months from announcement of the initial Heads of Terms. Our focus now turns to the ongoing SGS metallurgical work, updated on 4 July, from which we hope to see results of our optimization study on cyanide gold recovery in September."

Consent for release

EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

http://www.moneyam.com/action/news/showArticle?id=5405930

banjomick - 01 Sep 2016 08:12 - 35 of 269

01 September 2016
Eurasia Mining plc (AIM: EUA)

West Kytlim Mining operation update - August 2016

Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to update progress on the commencement of mining at West Kytlim, Urals, Russia.

Highlights:

· Two mining blocks have been cleared of vegetation for production with a third to be finished by 1 September 2016.

· Gravels are being excavated from block 4 and hauled to the wash plant.

· The principal equipment for the on-site laboratory is in place including the concentrating table.

· One wash plant is assembled with a second main plant to be completed next week.

· First production is planned to commence next week.

Further detail

Mining has commenced at Malaya Sosnovka, with two blocks cleared of vegetation (blocks 4 and 5) and a third block (block 1) to be cleared by 1 September 2016. Gravels are being excavated from block 4 and hauled to the wash plant site. Two wash plants will be used, with the smaller wash plant ready to process metal bearing gravels. The main wash plant is installed but not yet operational - this is expected in the first week of September. The late delivery of critical parts for this wash plant have delayed start-up by 10 days but the projected production for 2016 is still expected to be met.

For the processing of the concentrates the on-site laboratory is ready, with all the main equipment in place, including a concentrating table.

A map showing the blocks at Malaya Sosnovka has been added to the company website www.eurasiamining.co.uk.

Consent for release

EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

http://www.moneyam.com/action/news/showArticle?id=5406987

driver - 01 Sep 2016 19:50 - 36 of 269

Eurasia Mining - Mining operations update
Thu, 01 Sep 2016, 04:05pm BST

https://www.brrmedia.co.uk/broadcasts-embed/57c831ec3f18d58e362bef15/event/?popup=true#

banjomick - 01 Sep 2016 22:06 - 37 of 269

Interesting update especially on future growth.

banjomick - 02 Sep 2016 15:52 - 38 of 269

overhang gone?

driver - 02 Sep 2016 21:58 - 39 of 269

Bj
We hope.

banjomick - 06 Sep 2016 12:00 - 40 of 269

A chart:

Chart.aspx?Provider=EODIntra&Code=EUA&Si

banjomick - 08 Sep 2016 14:06 - 41 of 269

PLATINUM QUARTERLY
Q2 2016
8th September 2016

https://www.platinuminvestment.com/files/784372/WPIC_Platinum_Quarterly_Q2_2016.pdf

twitter_logo_right.jpg

banjomick - 09 Sep 2016 08:39 - 42 of 269

09 September 2016
Eurasia Mining plc (AIM: EUA)

First platinum concentrate at West Kytlim

Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to announce the production of its first platinum concentrate at West Kytlim, Urals, Russia.

A batch of raw platinum concentrate is ready for shipment to the Ekaterinburg Non-ferrous Metals Processing Plant, as per the platinum refining and sales agreement announced in RNS dated 28 July 2016. Meanwhile gravel washing at site has been adjourned while a new water supply using steel piping is installed. This will be completed early next week. Mining continues and gravels are being stockpiled adjacent to the plant ready for washing.

A video of the operation is being prepared and when completed will be uploaded on the company's website at www.eurasiamining.co.uk. Photos of the first concentrate produced will follow this press release on the company's twitter feed and website.

http://www.moneyam.com/action/news/showArticle?id=5411959

banjomick - 09 Sep 2016 09:04 - 43 of 269

1st Concentrate prod at West Kytlim Pt & Au mine, as shown by senior geo S Bersenev

Cr5RzlRUMAAALGj.jpg

driver - 09 Sep 2016 10:16 - 44 of 269

The pic is not doing it Bj

banjomick - 09 Sep 2016 10:37 - 45 of 269

Morning driver, Next couple of week should see the SP double............that's the plan anyway! :-)

banjomick - 09 Sep 2016 16:13 - 46 of 269

09 September 2016
Eurasia Mining plc (AIM: EUA)

Acceptance report from Ekaterinburg refinery

Further to the announcement made earlier today, Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to announce the acceptance of its first batch of concentrate at the Ekaterinburg Non-ferrous Metals Processing Plant ("EZOCM" or 'The Refinery").

Eurasia had previously agreed terms with EZOCM, as announced in RNS dated 28 July 2016 and has commenced shipment of raw platinum concentrate from its mine in the Ural Mountains. The concentrate was weighed on entry to the plant as 574.18 grams of raw platinum concentrate. Under the terms of Eurasia's agreement with EZOCM, the refinery will now separate pure platinum and gold from waste (mostly iron) in the concentrate. The refined metals are then sold to the refinery.

The exact quantity of pure platinum will vary with each batch but is expected to be in line with similar products from other Uralian Mines and range between 70 and 75% pure platinum. Platinum, gold, other platinum group metals and iron form nuggets which are separated from gravel to form the company's mined concentrate product.

Christian Schaffalitzky, MD at Eurasia comments. 'This acceptance receipt represents the first step on a long road through development at the West Kytlim project. We now look forward to steady state production from the mine site once a necessary upgrade to our water supply system is completed. We appreciate our stakeholders' patience and salute the hard work and diligence of our co-workers and colleagues in Ekaterinburg and at the mine site.'

http://www.moneyam.com/action/news/showArticle?id=5412448

driver - 09 Sep 2016 16:19 - 47 of 269

BJ
I agree and the coat brought the sp back..

banjomick - 15 Sep 2016 08:11 - 48 of 269

15 September 2016
Eurasia Mining plc

Interim Results for the six months ended 30 June 2016

Chairman's Statement

Dear Shareholder,

As I anticipated in the Annual Report, platinum and gold mining at West Kytlim has commenced, with the prospect of at least 10 years of production lying ahead. At the time of writing we have shipped and had notification of receipt of the first concentrates from the mine. A single shipment of 574.18 grams of raw platinum was received at the Ekaterinburg Non-ferrous Metals Processing Plant and will be refined and then purchased by the refinery under the terms of our refining and sales agreement.

We are very pleased that we have come to this point despite difficult market conditions. Furthermore, we believe our royalty-like structure with OOO SK Region Stroy ("SKRS") has proved to be the correct course, sparing the Company additional shareholder dilution, project finance or loans. SKRS is a reputable contractor working with major companies in Russia and has undertaken to provide all the infrastructure, equipment and supplies for mining, as well as the operating costs, in exchange for a 70% return of the gross revenue. This allows Eurasia to earn 30% of top line sales without any financing risk. Meanwhile Eurasia has committed to leverage its expertise in alluvial platinum exploration and reserves definition to upgrade known resources to reserves within the mining license.

As SKRS had surplus earth-moving equipment and personnel to deploy to our West Kytlim site and Eurasia was seeking a risk-free structure, our agreement with SKRS presented a mutually beneficial agreement which is now bearing fruit. Revenue should now commence in the month of September with its distribution to the parties managed by Eurasia. The recent significant improvement in platinum and gold prices is a timely bonus for the operation. Further price growth is projected for precious metals by many analysts, in particular due to the structural deficit in notably South African platinum supply. This could further improve the economics at West Kytlim, even as Eurasia is protected from some downside risk through the royalty-like structure which awards a share of top line sales regardless of the operation's bottom line.

As I wrote earlier, we plan to increase the mining rate over the next two years and this will involve the installation of a powerline and the use of mains-powered draglines for waste stripping and ore stockpiling. These activities are to be undertaken by SKRS throughout this winter at no cost to Eurasia.

At Monchetundra, we continue to work on completing our filings for the eventual application for a discovery certificate and later a mining licence. The two target open pit resources are at West Nittis and Loipishnune. Initial positive drilling results from West Nittis, as well as the successful application of shallow soil geochemistry profiling, were announced on 22nd April 2016. This project is being reviewed by several interested parties and we are hopeful we can find a partner or a purchaser to advance it to production

At Semenovsky, our new gold in tailings project, we are continuing with detailed metallurgical testwork as the last step in our due diligence work, in advance of designing a mine. The exclusive option has been extended to November to allow more time to complete the transaction. In addition Eurasia, working in joint venture with Metal Tiger plc, has sought and been granted approval of a feasibility report (TEO in Russia) and its related reserves calculation. Both have now been approved and this, a maiden reserve for the project, has been registered on the state balance sheet as a C2 Reserve containing 3.5 tons of gold (112,000 ounces) and 49.3 tons of silver (1,578,000 ounces) (see announcement dated 31st August 2016). Results from the Eurasia drilling program carried out in April 2016 at Semenovsky also confirmed previously assessed grades in gold and silver. Average grade from the EUA drill program are 1.16 g/t gold and 17.3 g/t silver.

In conclusion, the directors of Eurasia have targeted cash-generative and 'straight-forward' mining projects to support the development of the Company. We believe this strategy has proven successful for the Company's survival in the long term. Eurasia's royalty-like financing structure for the West Kytlim mine has allowed us to advance the project to mining and we look forward to crystallizing further value from our partnership with SKRS when the project achieves steady state production in the short term, and benefits from capital expansion in the medium term.

Michael Martineau
Chairman

http://www.moneyam.com/action/news/showArticle?id=5415220

banjomick - 15 Sep 2016 09:50 - 49 of 269

Eurasia Mining eyeing first revenues from West Kytlim this month
07:56 15 Sep 2016

Contractor SKRS is providing all the infrastructure and supplies for mining, as well as stumping up the operating costs, in exchange for a 70% return of the gross revenue

757z468_shutterstock_344114183_57da46b69

Eurasia Mining plc (LON:EUA) should see first revenues this month (September) after mining begun at its West Kytlim platinum project in Russia, it told investors in its half year results.

As reported last Friday, the Ekaterinburg refinery had accepted the first batch of platinum concentrate, which will be refined and then purchased as per previously agreed terms.

And the West Kytlim operation will be boosted by the significant improvement in platinum and gold prices, said Eurasia, while prices are thought to go higher still by analysts.

Contractor SKRS is providing all the infrastructure and supplies for mining, as well as stumping up the operating costs, in exchange for a 70% return of the gross revenue.

Eurasia reckons this royalty structure was a good move, allowing it to spare further shareholder dilution or loans, allowing it to earn 30% of top line sales with no risk.

At the group's other projects, at Monchetundra on the Kola peninsula, it is working towards a discovery certificate and later a mining licence and there have been initial positive drilling results from one of the open pit resources at West Nittis.

The firm hopes to find a partner or buyer to advance it to production

In August, it reported a major milestone for its Semenovsky Tailings Project (STP) in Russia - namely a maiden reserve, with the entire tailings dam approved at Russian C2 standard to total 2.99mln tonnes of ore grading 1.18 g/t gold and 16.44 g/t silver.

For the six months to end June, the pre-revenue firm posted a profit of £855,000 (2015: loss of £1.68mln) and the cash at end of period was £183,591.

Giles Gwinnett

69060_163846843643689_7687549_n.jpg?oh=5

driver - 15 Sep 2016 14:26 - 50 of 269

Looks good to me, just a rerate waiting game..

banjomick - 21 Sep 2016 09:20 - 51 of 269

21 September 2016
Eurasia Mining plc (AIM: EUA)

West Kytlim update/ Loan facility draw down and issue of equity

Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to confirm that mining is underway at West Kytlim and concentrate continues to be produced. An interruption necessary to refurbish the water supply was resolved within three days and production of concentrate has continued since. A more detailed announcement will follow in due course.

Separately, Eurasia confirms that it has executed a further draw down of its loan facility with Sanderson Capital Partners Limited("Sanderson") as per the agreement outlined in the announcement dated 1 August 2016. Pursuant to the terms of the Agreement, Sanderson had agreed to make available £700,000 which can be drawn down any time until 31 December 2016 and must be used by Eurasia for working capital purposes. The facility may be fulfilled in £100,000 tranches not less than 30 days apart and must be repaid on or before 28 January 2017. This is the second draw down of the facility; an initial draw down was executed when the agreement was finalized on the 1 August 2016.

Furthermore, each drawdown shall be subject to a fee of £10,000 payable as each tranche of the facility is drawn and may be met by the issue of Ordinary Shares in the company. Eurasia confirms that 1,538,462 ordinary shares ("New Shares") have been issued to Sanderson in lieu of the drawdown fee and application has been made to admit the new shares to trading on AIM.

Admission is expected to become effective on 26 September 2016 and the New Shares will rank pari passu in all respects with the Company's existing Ordinary Shares in issues.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following the allotment of the New Shares consists of 1,434,674,517 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. The total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

Christian Schaffalitzky MD at Eurasia comments ' This is a particularly busy time for Eurasia as we are active at all three of the company's projects. We continue to work to produce from this season's mining allotment at West Kytlim and have recently (see the announcement dated 9 September 2016) shipped our first batch of concentrate to the Refinery in Ekaterinburg. Our geologists and contractors are finalizing a TEO and reserves statement to be used in application for a discovery certificate before end of year at the Monchetundra hardrock PGM project, while SGS laboratories in Chita are engaged in the final round of optimized cyanide recovery tests on samples from the Semenovsky Tailings Project. The Sanderson facility provides essential working capital to drive these objectives, and we look forward to updating on developments in the near term.'

http://www.moneyam.com/action/news/showArticle?id=5418455
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