Has anyone heard anything about this firm regarding newsflow?

Looks like winter is setting in, should get news soon on production so far before the freeze, also news on other projects awaits.
Fully loaded here..

Not a bad day for EUA!

2017 could be a great year for this one!!

Yes starting to motor, a long way to go yet.

Nice start.

EUA being rerated here no top end could go any where.

It would be nice to break through and hold above 1p today

ff
1p is on the cards for the end of day IMO

Two sells reported 3.5 m are buys not sells if you check the times.

MiningMaven 7 Year Anniversary 'Elevator Pitches' from 9 AIM/ASX Mining + Exploration Companies including EUA

https://www.youtube.com/watch?v=Ip0BD3Fp_fM&feature=youtu.be

21 December 2016 

Loan Agreement and Issue of Equity

Eurasia is pleased to announce that it has entered into a new funding facility with a syndicate led by Sanderson Capital Partners Limited ("Sanderson"), of up £1 million (this includes the £500,000 drawn down under the previous loan arrangement with Sanderson, announced on 1 August 2016). . The directors believe this loan will provide the Company with sufficient working capital for the immediate future, with cashflow generation from West Kytlim due to begin in April when production commences.
 
The facility comprises the following;
-     A £500,000 unsecured, interest free, fixed term loan due for repayment no later than 15 May 2017
-     The loan can be drawn down in two tranches of £150,000 tranches no less than 30 days apart and two tranches of £100,000, with tranches two, three and four subject to successfully achieving certain specified project deliverables;
-     The option for Sanderson to include the £500,000 drawn down from the previous arrangement with Eurasia (announced on 1 August 2016) into this facility (taking the total to £1m).
-     A fee payable in 30,769,231 ordinary shares in the company shall be issued as soon as is practicable to Sanderson as an arrangement fee on signing.
-     In addition, a drawdown fee of 15% will be paid by Eurasia to Sanderson for each drawdown, and a further 15% fee will be paid if Sanderson elects to include the previous £500,000 into the facility.
 
Issue of Equity
Following the execution of the Agreement, the Company has today issued new shares in lieu of both the arrangement fee and initial drawdown fee. The total number of shares issued amounts to 33,581,731 ordinary shares ("New Shares") (30,769,231 in respect of the arrangement fee, and a further 2,812,500 calculated as 15% of £150,000 at a share price of £0.008).

Admission is expected to become effective on 29 December 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 1,497,373,790 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 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, Managing Director said: "We are pleased to have arranged our financing with Sanderson, essential in maintaining liquidity in the business without diluting our shareholders, while allowing us to further our projects in Russia through Q1 2017, as we anticipate the cash flow from our West Kytlim project. We expect to provide a further strategic project update before close of business for 2017.

http://www.moneyam.com/action/news/showArticle?id=5469314

22 December 2016 
Eurasia Mining plc (AIM: EUA) 

Projects Update and Semenovsky Metallurgical Study Results.
 
Update on West Kytlim and Monchetundra Projects

West Kytlim
Eurasia commenced mining operations at its 75% owned West Kytlim Alluvial Platinum Mine in the Ural Mountains this year (See RNS dated 1 September 2016). Shipments of raw platinum concentrate to a refinery in Ekaterinburg continued through the mining season with a final shipment in the second week of December.

A final statement on revenue from Platinum, Gold, Palladium, Iridium and Rhodium revenues is expected from the refinery in January 2017. The project is performing well, while the deferred payment basis from the refinery (which is a high credit rating company) required the use of a debt facility from Sanderson Capital Partners (See RNS dated 21 December 2016), partly as a temporary interim financing.

Monchetundra
A Feasibility Study "TEO" (Technico Economicheskiye Obosnovaniye or Technical and Economic Feasibility) was officially submitted today (22 December 2016) for approvals at the State Commission on Mineral Reserves ("GKZ"). This document, considered equivalent to a 'Western' feasibility study, documents the economic extraction of the reserves already identified at two open pit targets on Eurasia's 80% owned Monchetundra License.

The reserves, when approved, will represent the maiden reserves defined for the license.  In addition, an Engineering Procurement and Construction (See RNS dated 10 October 2016) contract ("EPC Contract") is already in place with Sinosteel, a Chinese state owned group operating primarily in mining, trading, equipment manufacturing and engineering. The signed EPC Contract has an obligation for Sinosteel to provide $150m financing, subject to certain conditions, with production to commence on a turn-key basis by Sinosteel.

Further updates on both the West Kytlim and Monchetundra Projects will be provided as and when information becomes available.

****Link below for more info on****:

Semenovsky Tailings ("STP") Metallurgical Study Update

Background to the Semenovsky project and metallurgy

Metallurgical study

Highlights of the Metallurgical study


http://www.moneyam.com/action/news/showArticle?id=5470547

30 December 2016 
Eurasia Mining plc (AIM: EUA) 

Issue of Equity and directors holdings

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM mining and exploration company, announces that it has issued 12,413,793 ordinary shares of 0.1 pence at 0.725 pence per share (the "New Shares") in settlement of invoices for various services including accrued directors fees. The shares are issued at 0.725 pence per share, being the closing share price on 29 December 2016.

Of the New Shares, 4,827,586 ordinary shares are being issued to Managing Director Christian Schaffalitzky bringing his total holding to 49,696,674 or 3.29% of issued share capital.

A further 7,586,207 shares are issued at 0.725 pence to other suppliers in lieu of accrued fees.

Accordingly the Company has today issued a total of 12,413,793 New Shares and dealings in these shares are expected to commence on the 6 January 2017.
Following the issue of the new shares the total number of issued ordinary shares in the Company will be 1,509,787,583 ordinary shares and consequently the total number of voting rights in the Company will be 1,589,787,583. 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.

http://www.moneyam.com/action/news/showArticle?id=5473039

17 January 2017 
Eurasia Mining plc (AIM: EUA) 

Projects Update January 2017
 
The Company is pleased to update shareholders on progress at its projects in early January 2017.
 
Monchetundra PGM Project, Kola Peninsula, NW Russia
 
As reported on 22 December 2016, a Feasibility Study "TEO" (Technico Economicheskiye Obosnovaniye or Technical and Economic Feasibility) was officially submitted on schedule, for approval at the State Commission on Mineral Reserves ("GKZ"). The document is now under review by a panel of experts who have responded with requests for clarifications and additional information, as per the standard process.
 
On 21 November 2016, it was announced that Canadian company Lemuria Royalties Corporation ('Lemuria') were engaged in considering a royalty structure for both the Monchetundra PGM mine and West Kytlim Platinum and Gold Mine ('West Kytlim'). Lemuria, preferring a focus on cash generating projects in their current portfolio, expressed an interest in West Kytlim only, however Eurasia have opted not to progress with Lemuria and to ensure the development of West Kytlim by continuing to advance the project with its existing partner.
 
 
West Kytlim Platinum and Gold Mine, Ural Mountains
 
A revision to the agreement (see RNS dated 25 May 2016) between Eurasia's Russian subsidiary Kosvinsky Kamen ('KK') and OOO SK Region Stroy ('SKRS') is currently being discussed to outline additional responsibilities for both parties and it is anticipated this could include further capital investment by SKRS. A meeting between KK and SKRS is expected to occur in the last week of January 2017 (in advance of the mining season), at which an international alluvial mining specialist has been engaged to bring additional expertise to the project teams. Items for discussion include production scheduling for 2017 and a detailed schedule for resource upgrade drilling. A further report will be released following these meetings.
 
 
MD Christian Schaffalitzky commented: "It is encouraging to have had an initial response from GKZ who are now actively working on approval of the Monchetundra TEO/Feasibility Study. Our experience in successfully attaining a Mining License at West Kytlim has proven that good communication and information exchange between the applicant and issuer is a good indication of a successful and timely application.
 
Our working relationship with SKRS at West Kytlim throughout 2016 was both amicable and mutually beneficial. It is however imperative from a KK point of view to ensure SKRS deploys the necessary capital to allow the project to expand, in this the second year of production. Whilst there can be no guarantee that this will occur, we remain confident that there is interest on both sides to reaching an agreement on this matter.
 
We wish a happy New Year to our shareholders and we look forward to updating on further progress in the near term."

http://www.moneyam.com/InvestorsRoom/posts.php?tid=8369#lastread

03 February 2017
Eurasia Mining plc (AIM: EUA) 

Issue of Equity

Eurasia Mining plc, the PGM mining and exploration company, announces that it has issued 15,652,174 new ordinary shares of 0.1 pence (the "New Shares") both in settlement of fees relating to a drawdown on the Sanderson Capital Partners ('SCP') facility and as a fee for incorporation of a pre-existing facility with SCP into the current loan agreement which was outlined in RNS dated 21 December 2016, the details of which are as follows:

-     a drawdown of £100,000 was executed on the 17 January 2017 with associated fees paid by issue of 2,608,696 ordinary shares in the company's share capital. The shares are issued at £0.00575 per share, being the closing share price on 17 January 2016; and
-     SCP has elected to incorporate an amount of £500,000 outstanding from a previous facility (see RNS dated 1 August 2016)into the current facility; fees associated with this transaction (being a 15% fee) are to be settled by issue of 13,043,478 ordinary shares in the capital of the company at £0.00575, being the mid open price on 30 January 2017.

Accordingly the Company has today issued a total of 15,652,174 New Shares and dealings in these shares are expected to commence on the 8 February 2017.
Following the issue of the new shares the total number of issued ordinary shares in the Company will be 1,525,439,757 ordinary shares and consequently the total number of voting rights in the Company will be 1,525,439,757 . 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.

The Company also confirms that updates regarding the West Kytlim project are expected to be released next week beginning 6 February 2017.

http://www.moneyam.com/action/news/showArticle?id=5490740

Lift off next week.

Quite possibly if West Kytlim news is positive.........

Still think 2017 is going to be a great year for this one IMO.

06 February 2017
Eurasia Mining plc (AIM: EUA)

Successful step up to Production at West Kytlim during 2016

Eurasia can now report on the final results of the initial mining season at its 75% owned West Kytlim Alluvial Platinum and Gold Mine ("West Kytlim"). Mining at West Kytlim is seasonal with gravel washing possible in a weather window between the months of April and November. The 2016 operation commenced in the later half of this season (See RNS dated 27 July 2016) as mining and other permits became available. Site facilities and infrastructure were put in place ahead of first gravel washing which commenced in the first weeks of September and continued to early November.

A total of 11.3kg raw platinum were produced through the season, with some credits from Palladium (32g), Iridium (350g), Rhodium (49g) and Gold (56g). Two washplants employing different processing schemes were tested on site to further improve knowledge of the washability of the near surface reserves at the Malaya Sosnovka Area. Sluice concentrates from these washplants were upgraded onsite to a raw platinum product which was refined by and sold to a Precious Metals Refinery in Ekaterinburg. The larger of the two washplants had downtime due to minor breakage caused by the passing of heavier gravel and cobbles through the system. Modifications to ensure continuous operation of this washplant have been discussed and will be realized ahead of the 2017 season.

The average mining grade was 449 milligrams per cubic metre. It should be noted that mining grades were notably higher than expected. Average grade of gravels mined was 120% of reserves grade.

A further update on our mining plan for 2017, an outcome of detailed discussions held in Ekaterinburg in the last week of January with our contractors operating the West Kytlim Mine, as well as updates to the agreement with the contractor will follow this announcement directly.

Christian Schaffalitzky, MD at Eurasia commented 'Having met with our contractors this past week in Ekaterinburg we are confident that the 2016 mining season was managed well by both the Eurasia and the contractor's personnel. The season was also successful in terms of becoming familiar with the operating environment, mining machinery and the nature of the ore to be worked, essential elements in an alluvial mining operation. We now look forward to a full mining season in this 2017, preparation for which is already well advanced.'

06 February 2017
Eurasia Mining plc (AIM: EUA)

West Kytlim capital expansion and exploration funding

The Company is pleased to further update on material changes to the sub-contracting agreement at the West Kytlim Alluvial platinum and gold mine and in the working arrangements between the parties. Capital expansion by the contractor has been assured for 2017 and subsequent years. In addition, funding has been secured for a five year detailed exploration programme to upgrade resource areas to reserves ahead of mining.

The agreement (see RNS dated 25 May 2016) between Eurasia's Russian subsidiary Kosvinsky Kamen ('KK') and Region Stroy ('SKRS') has now been superseded by a new agreement between KK and Region Metall ('RGML' or 'the Contractor') an affiliate of SKRS, 100% focused on the mining operation at West Kytlim. The new agreement further outlines responsibilities for both parties and guarantees capital expansion by the Contractor.

Highlights :

-- RGML commits to provide capital expansion for the project, sufficient to satisfy a mining schedule agreed in advance by both parties.
-- KK have moved the mining rights from SKRS to RGML, conditional on certain milestones being achieved, including production according to an agreed 17 year Life of Mine Production schedule.
-- Revised schedule for mining over the next 12 years will cover all resources plus reserves on the license. One washplant is already on site, a further three washplants to be added by 2020.
-- Resource drilling and all other third party exploration costs to be funded by RGML and undertaken under the supervision of KK's director of exploration.
-- This funding is structured as an interest free loan from RGML to KK, deployed according to a detailed 5 year exploration schedule. Total third party exploration costs over the 5 year plan are circa $1,000,000 or(57m RUR)
-- Repayment schedule for the interest free loan commences in 2018 but will be a function of mining grade, as 2016 mined grades were found to be 20% higher than reserves.
-- The split on top line sales is unchanged at 70:30, however the Contractor must achieve a number of milestones and production parameters.

All-party meetings, held in Ekaterinburg (in advance of the mining season) concluded successfully with agreement on a new mining schedule which foresees significant capital expansion at the project in 2017 and subsequent years to a 12 year life of mine. Mining operations and site preparation are to commence in February, with first gravel washing anticipated in early summer 2017. The washplant used for 2017 production will be re-commissioned and a further washplant will be built in the second half of the 2017 production season. Further washplants will be added as required, to ensure production targets stipulated in the production schedule are met, up to four operational units by year 5(2020). The production schedule is a cornerstone of the mining rights awarded to the contractor, such that failure to meet production targets may result in an annulment of mining rights.

Mining in 2017 will continue at Malaya Sosnovka and later progress to Kluchki (see map on Eurasia's website www.eurasiamining.co.uk before the end of the season. Overall it is expected that approximately 100kg raw platinum will be produced in 2017, of which 30kg is attributable to Eurasia. Stripping of overburden and mining to stockpiles will commence in March 2017 with washing expected by early summer.
A five year exploration program has been agreed and already approved by the Ministry for Subsoil use. RGML have agreed to fund this program by means of an interest free loan to KK to cover all third party exploration costs including regular, large diameter and hydro geological drilling. KK will manage these exploration programs and, as the mining license holder, will continue to calculate and make applications for reserves approval and permitting.

MD Christian Schaffalitzky commented: "We are pleased to have refreshed our agreement with the Contractor at West Kytlim and to have ensured fresh capital to the project, again without diluting our shareholders and without changing the revenue split formula, which remains favorable for Eurasia. Our working relationship with the Contractor throughout 2016 was both amicable and mutually beneficial. It was however imperative from a KK point of view to ensure the Contractor deploys the necessary capital to allow the project to expand, at no cost to our shareholders, in the second year of production. A further positive result from this new arrangement is that the Contractor has committed to support exploration expenditure by means of a loan to KK, and this without a review of the revenue split. This work is essential to ensure sufficient supply of ore to the washplants.
We feel the project is now well in hand for 2017 and are delighted to remove the additional exploration cost from our budgets for 2017 and subsequent years. Our team in the Urals are doing a great job supervising both the mining and the exploration and this is set to continue. All the technical issues have now been solved and the project is set to have a full and we are confident successful mining season in 2017."