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(EUA) Eurasia Mining Share Chat

Discussion in 'General Share Chat (EUA)' started by rodrod1, Mar 15, 2016.

  1. rodrod1

    rodrod1 member

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    I bought an initial small tranche here this morning.

    A friend of mine has a substantial holding and suggested I look into this. When I saw that @BrassTacks1 had some, I simply had to follow :)
     
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  2. rodrod1

    rodrod1 member

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    6 March 2016

    Eurasia Mining plc (AIM: EUA)

    ("Eurasia" or the "Company")

    Update re Gold Tailings Opportunity

    Eurasia Mining plc, the Russia focused PGM exploration and development company, is pleased to announce that on 15 March 2016, Metal Tiger plc (LON:MTR) exercised its option with Eurasia to participate alongside Eurasia in the Semenovsky Tailings Project ("STP").

    Background information with regard to this opportunity was originally provided in the Company's announcement dated 16(th) November 2015 with a further update supplied in the subsequent announcement dated 12(th) February 2016.

    Under the terms of the option, Metal Tiger will fund up to US$100,000 of exclusivity work programme costs (an additional US$50,000 plus the US$50,000 option payments already made) on the Semenovsky Tailings Project, and thereafter look to work with Eurasia on developing the STP project. US$135,000 has been spent so far by Eurasia.

    Eurasia and Metal Tiger are now working together to refine plans and are specifically working to complete the due diligence work and schedule the 2016 developmental steps.

    A further update will be provided to the market in the near term.

    Christian Schaffalitzky Managing Director of Eurasia Mining said: "We are pleased to confirm Metal Tiger's participation in the Semenovsky Tailings Project.

    The Board of Eurasia Mining believe that the project offers a very attractive opportunity to move into production generating revenues and cash inflow, something that investors are increasingly keen to see in the junior mineral equity space.

    We look forward to updating the market with further information in the near term."
     
    BrassTacks1 and jackjack like this.
  3. BrassTacks1

    BrassTacks1 Paid-up Member Moderator

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  4. BrassTacks1

    BrassTacks1 Paid-up Member Moderator

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    Christian Schaffalitzky, MD at Eurasia Mining comments (who cut an impressive figure at the MTR/MOD presentation):
    'These results from Monchetundra are hugely positive and we look forward to seeing the remaining core assays at West Nittis, and indeed the results of geochemical sampling at Loipishnune. The 2015/16 campaign has in a sense reignited exploration at the Monchetundra licence even as discussions with interested parties are further advanced. Our aim with this drilling programme at West Nittis was to define a C1 Reserve by in-filling on our previous drilling grid. Initial results suggest that this has been a success and a C1 Reserve will be defined at West Nittis, in due course. We look forward to reporting on a more complete data set in due course. In the meantime we are heading to production of our first platinum in West Kytlim that will start this summer now that all permitting is in place.'
     
    Tonto42 likes this.
  5. Tonto42

    Tonto42 A Legendary Member

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    Added to my small position this morning.
     
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  6. BrassTacks1

    BrassTacks1 Paid-up Member Moderator

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    Good timing Tonto
     
  7. BrassTacks1

    BrassTacks1 Paid-up Member Moderator

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  8. Tonto42

    Tonto42 A Legendary Member

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    A new placing today at 0.55p has dragged the price back down (raising £500k).
     
  9. Mongoose82

    Mongoose82 A Legendary Member

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    Read Beaufort Securities's note on EURASIA MINING PLC (EUA), out this morning, by visiting https://www.research-tree.com/company/GB0003230421

    "The successful placement of shares to raise money for repayment of loans bodes well for the company. In addition, the proceeds would enable it to fulfil its underlying working capital requirements and support the completion of the work programme at Monchetundra and the test work on the Semenovsky Tailings Project. Earlier this month, the company signed an agreement with Metal Tiger to acquire exclusive right to a 67% stake in the Semenovsky Tailings Project owned by Golden Sands. The pre-feasibility study equivalent for the project, a TEO of Conditions in Russia, has now been approved and metallurgical testing is now underway. We look forward to further updates from the company and therefore ..."
     
  10. Steamy

    Steamy Co-Founder of BlueShare Staff Member Moderator

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  11. marketgem

    marketgem Well-Known Member

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    Do you have to pay for these reports? I registered but can't see the research.
     
  12. Steamy

    Steamy Co-Founder of BlueShare Staff Member Moderator

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    I think you have to sign up for a trial subscription which is free. Ask @Mongoose82 to clarify.
     
  13. Mongoose82

    Mongoose82 A Legendary Member

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    Beaufort note out this morning: https://www.research-tree.com/company/GB0003230421

    "This is clearly very good news for Eurasia Mining shareholders. As Eurasia’s CEO Mr Schaffalitzky commented, it’s impressive how quickly SKRS has mobilized equipment 600km and started mining. It suggests SKRS are a competent and motivated operator. We expect further newsflow describing progress at the alluvial platinum operation (West Kytlim) culminating in first production and sales during 2H16."
     
  14. TwitterPost

    TwitterPost A Legendary Member

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  15. Steamy

    Steamy Co-Founder of BlueShare Staff Member Moderator

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  16. TwitterPost

    TwitterPost A Legendary Member

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  17. TwitterPost

    TwitterPost A Legendary Member

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  18. Mongoose82

    Mongoose82 A Legendary Member

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    Beaufort note out this morning:

    "When Eurasia acquired Semenovsky, it came with a Russian-standard 2.5mt resource grading 1.2g/t gold and 20g/t silver. Although management's experience in Russia gave them confidence in the historic estimates, having up to date confirmatory assays from SGS is obviously comforting. We look forward to metallurgical testwork which, if positive, should make the project financeable."

    Https://www.research-tree.com/company/GB0003230421
     
  19. Cacher

    Cacher A Legendary Member

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    West Kytlim Mining operation update - July 2016

    Eurasia Mining plc, the PGM and gold mining company, is pleased to update on developments at its West Kytlim platinum and gold mine. As reported on 21 June 2016, machinery and personnel from both Eurasia and its contractor SK Region-Stroy ("SKRS") are working at the site building necessary infrastructure and preparing open pits for mining. Work remains on schedule with the first black sand platinum and gold bearing concentrates planned for shipment for refining by mid -August 2016.

    Highlights:

    - Machinery including two excavators, two bulldozers, three dump trucks and one loader are being operated on a shift rota;

    - Water pond to manage processing water now fully excavated;
    - Work is continuing on a trench to protect the open pit from water ingress;
    - Southern end of tailings dump retaining wall now complete, work continues at the northern end;

    - Some washplant components including conveyer belts and parts of the sluices have arrived, other components due;

    - Construction has commenced on the field laboratory which will upgrade concentrates ahead of shipping for refining.

    Further detail

    Excellent progress has been made by the team onsite at the West Kytlim Project in the five weeks since commencing the operation. The preparatory work necessary to organise a safe, effective and environmentally sound work site to mine an alluvial orebody is now well advanced. As described previously, (see RNS's date 25 May 2016 And 21 June 1016), the current phase of operations is a start-up operation utilising diesel powered machinery to produce near and at surface ore bodies in the area known as Malaya Sosnovka. Significant capital expansion to include draglines operating on mains grid power is planned for year 2 and for the projected ten-year life of mine.

    Once preparatory work has been completed the focus will immediately shift to production from the 5 defined reserve blocks in the Malaya Sosnovka area. Critical elements of the washplant have arrived to site ahead of time while other longer lead time parts are now due. The washplant when constructed will have sufficient capacity to fulfil the 2016 mining schedule. A second washplant owned by Eurasia is being refurbished and can be used to process a small volume of metal bearing gravels before the main washplant is installed.

    Documentation and reporting;

    The Exploration Project Report covering upgrade of Resource blocks to Reserves, on the entire 21Km(2) mining licence will be submitted in the coming weeks. Under the terms of the agreement with SKRS, Eurasia are responsible for exploration on the licence which will be phased to ensure supply of sufficient reserves for the mining operation.

    Christian Schaffalitzky, MD at Eurasia Mining commented'

    "Our 2016 field season is off to an excellent start thanks to the experienced field personnel in both Eurasia and SKRS. As a consequence we are now a matter of weeks away from producing our first concentrates for refining with no major delays envisaged. We anticipate that the final components of the washplant will be delivered and the washplant commissioned within two to three weeks, which gives us enough time to complete the tailings dam and install the final elements of the mine design, including the facility for upgrading to a shippable black sand concentrate. We are also finalizing our plans for metal refining which will be announced shortly."
     
    stockman likes this.
  20. Cacher

    Cacher A Legendary Member

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    Eurasia Mining close to production at West Kytlim in Russia
    07:58 27 Jul 2016
    Plans for refining the concetrate will be announced shortly
    [​IMG]
    A refining deal is expected shortly


    Eurasia Mining plc (LON:EUA) expects to produce the first concentrate from its West Kytlim alluvial platinum prospect in Russiain ‘a matter of weeks,’ according to its managing director.

    “We anticipate that the final components of the washplant will be delivered and the washplant commissioned within two to three weeks, which gives us enough time to complete the tailings dam and install the final elements of the mine design, including the facility for upgrading to a shippable black sand concentrate,” said Christian Schaffalitzky

    “We are also finalizing our plans for metal refining which will be announced shortly," he added.

    Russian firm SK Region-Story (SKRS) is carrying out the work at West Kytlim on a toll basis in return for a 70% share of revenues.
     

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