Has anyone heard anything about this firm regarding newsflow?

Interesting update especially on future growth.

overhang gone?

Bj
We hope.

A chart:

PLATINUM QUARTERLY
Q2 2016
8th September 2016

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

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

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

The pic is not doing it Bj

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

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

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

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

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



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

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

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

10 October 2016
 
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
 
Engineering Procurement, Construction and Commissioning contract
 
Eurasia Mining (LON:EUA), the London Stock Exchange AIM listed PGM and gold mining company, is pleased to announce that an Engineering Procurement, Construction and Commissioning ("EPC") turnkey contract has been signed in relation to its Monchetundra project in the Kola peninsula in northwest Russia bordering Finland, between Eurasia's 80% subsidiary, Closed Joint Stock Company "Terskaya Gornaya Kompaniya" ('TGK') which holds the Monchetundra licence and Sinosteel, a Chinese state owned group operating primarily in mining, trading, equipment manufacturing and engineering.
 
The contract is for the development of two platinum group metal ('PGM') deposits located in the Company's Monchetundra licence area, which also contain gold, copper, cobalt and nickel. Feasibility studies are currently underway on two deposits, Loipishnune and West Nittis, to be completed by year-end. Together with the EPC contract, this will be the culmination of the Company's work since the licence was acquired in 2006. The contract provides for engineering, procurement and construction of a 1.7 million tonnes per annum PGM beneficiation project at Monchetundra.
 
Sinosteel's engineering and construction arm is Sinosteel Equipment & Engineering Co. Ltd. Sinosteel is a major mining company and the second largest importer of iron ore in China. It is one of the largest global EPC contractors with a track record of successfully commissioning similar projects in Australia, Africa, China and Latin America.
 
The proposed contract would provide for Sinosteel to undertake mine and processing plant turnkey construction and commissioning on a commercial arms-length basis. The debt-based finance for the EPC turnkey contract is to be arranged by Sinosteel and is an integral part of the EPC turnkey contract. This EPC contract is being advanced as part of discussions with third parties for the sale or joint venture of the project.
 
Sinosteel's contract is based on a 2 year due diligence and evaluation of the Monchetundra project. The principal terms of the financing are:
 
·    The contract value totals US$176,000,000 with the loan covering 85% of the contract value.
 
·    Within the contract, a subcontract for $50,000,000 million is assigned to TGK to cover all preparatory engineering and pre-strip works on the two open pit deposits. TGK expects that this subcontract will be sufficient to meet the 15% equity contribution required for the project.
 
·    Sinosteel will be responsible for the debt finance of $149,600,000 (i.e. 85% of the contract value) with the financing terms included in the EPC contract as a 10-year loan with early repayment permitted, at an indicative interest floating rate at 6 month LIBOR plus 3.5%.
 
·    Sinosteel will carry the loan on its balance sheet with its rights and obligations under the financing and the loan will only be assigned to TGK following completion of the EPC contract, subject to key performance indicators to be achieved by the plant commissioned by Sinosteel.
 
·    The contract is exclusive to Sinosteel for a period of ten years.
 
·    The contract provides for a schedule of payments commencing within 36 months. This period is to allow for the obligatory steps within the Russian mine permitting system.
 
The contract is conditional on, amongst other things, the Company receiving all the necessary permits from the government and therefore at this stage there is no guarantee that the transaction will complete. Further updates will be provided in due course.
 
Christian Schaffalitzky Managing Director of Eurasia Mining said "We have always considered Monchetundra to be an attractive project and the recent expressions of interest, including the concept of an outright proposal to acquire the project, and the desire to secure an EPC contract in relation to Monchetundra, clearly demonstrates that our judgment was well founded.
 
This contract with one of the world largest EPC contractors provides the framework for the construction of a processing plant designed to treat ore from two open pits in the Monchetundra licence area. Meanwhile our other business continues to progress; at West Kytlim, deliveries to the refinery are continuing and payment amounts for the first batch of concentrate have been agreed, while at the Semenovsky gold project, our metallurgical testing program is nearing completion. We will provide separate updates on these projects in due course."
 
End

http://www.moneyam.com/action/news/showArticle?id=5429852

Looking good for tomorrow. Can't put a price on the sp at the moment but its defiantly a multiple of the current 1p

driver, I think the overhang has gone! :-)

Eurasia doubles on US$176mln deal for Russian project
16:29 10 Oct 2016

Sinosteel is a major engineering outfit and one of the largest importers of iron ore into China.



Eurasia Mining plc (LON:EUA) shares doubled as the Russia-focused junior unveiled a massive deal with Chinese major Sinosteel to develop its Monchetundra platinum project on the Finnish border.

The contract is for the development of two platinum deposits and a 1.7mln tonnes per year beneficiation plant.

Sinosteel is a major engineering outfit and one of the largest importers of iron ore into China.

It will construct and commission the mine on a commercial arms-length basis, with the contract in total worth US$176mln.

Sinosteel will arrange US$150mln worth of finance for the development, with funding an integral part of the EPC turnkey contract said Eurasia.

Some USS$50mln of the contract will be assigned to Eurasia’s 80% subsidiary TGK for open pit preparatory work.

Sinosteel's contract is based on a two-year due diligence and evaluation of the Monchetundra project.

The plant contract is exclusive to Sinosteel for a period of ten years.

Christian Schaffalitzky, Eurasia’s managing director said: "We have always considered Monchetundra to be an attractive project and the recent expressions of interest, including the concept of an outright proposal to acquire the project, and the desire to secure an EPC contract in relation to Monchetundra, clearly demonstrates that our judgment was well founded.

“This contract with one of the world largest EPC contractors provides the framework for the construction of a processing plant designed to treat ore from two open pits in the Monchetundra licence area."

Shares jumped 100% to 1.05p.


Elsewhere, at West Kytlim, deliveries to the refinery are continuing and payment amounts for the first batch of concentrate have been agreed, while at the Semenovsky gold project, our metallurgical testing program is nearing completion, said Schaffalitzky.

Philip Whiterow