Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No problem Les, hopefully we get some nice juicy RNS drops shortly. Specific resource figures for NYUD would be nice. There's that much going on that you don't have much of an idea as to what news will land next, it keeps you on your toes.
GLA
Re Queeld - more shares have been issued so maybe their % share has just been diluted ..
GFD I dont think they have reduced, they had 307,250,000 in 2018 and still have the same now
Thank you Mac
Les82, at Monchegorsk they have to sell parts, it's far too large for one company to take to production themselves, well, from a mining minnow position like the one Eurasia started at anyway.
By the time the whole district is in production there, that includes Volchetundra, there will be multiple companies on the ground there.
GLA
Semenovsky has dropped off the website. Anyone know what happened to it?
I did email the company a while ago but got no reply.
Strategy
Clarity of focus on PGM & battery metals – 20 years' experience as successful operators
Monchetundra: transform Eurasia into a globally significant PGM player
Maintain focus on strong ESG position (Eurasia has already been included in the L&G Future World ESG UK Index; and Liberum’s climate portfolio)
Would the above from the web site suggest the sale of parts of the company would help move the company to a production company.
Apologies if I'm being thick.
Another on gold in the southern Urals -
https://twitter.com/AlexeiBoucher/status/1154371018305265664?s=20
GLA
Something else which will no doubt get you thinking, is this tweet Alexei dropped -
https://twitter.com/AlexeiBoucher/status/1178782987053350912?s=20
I've missed his tweets tbh, a very enthusiastic geologist, you can tell that he loves the job that he does.
GLA
I wish they would RNS that difference, that would get the SP moving.
Well probably not knowing the way this seems to be working.
Surely you would RNS that difference before adding to website.
From Dec 2019 RNS:
"there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre; "
From website update today MT highlights page:
"15Moz resource in MT license & Flanks license"
Subtle change of wording from 15Moz "potential resources" to "resource".
Maybe reading too much into the website updates....or maybe further resource update JORC to come soon?
The West Kytlym page confirms what i had already suspected tbh, that they're looking at the other licenses again. They held multiple areas in the Urals during Anglo JV days. The plan is rather simple, go back to previously explored areas, they already know what is there due to Anglo funding the exploration years ago, thank you Anglo.
There were also hints on Alexei's twitter at one stage, hinting towards exploration of a new area. I'll dig the tweet out -
https://twitter.com/AlexeiBoucher/status/1161627460787683328?s=20
This is all just the start of Eurasia mining, what a great place to be.
GLA
Summary of Web updates:
News removed from Home page replaced by latest tweets
Updated text on home page
Updated history page
New ESG page
Updated Share capital page
New Monchetundra and Rosgeo page
Updated WK page
Remove Semenovsky page
From Home Page
'Monchetundra PGM and Battery Metals Open Pit deposits with EPCF contract signed with Sinosteel are being advanced to production with Flanks areas to be integrated into the production plan. The Flanks and the projects under the JV with ROSGEO significantly increase resource base and create a first mover advantage in a new district for global PGM and battery metals mining on Kola'
Does this mean they are advancing with the Sinosteel deal or just advancing site into production?
GLA
The small gold tailings project is also gone, binned to focus on the main prize nitro?
Possibly nitro, they submitted the exploration plan in April, they had explored it previously in Anglo JV days, so, the work required will have been quite minimal i would imagine. They have probably explored the flanks part as Rosgeo have carried on further exploration on the rest of NKT?
We'll all find out soon enough, a RNS may be due to do with NYUD license arriving since they have now added the area to their website map. Exciting times.
GLA
It will be fun watching the others get added over the next couple of years -
All officially registered with the Russian Government.
For current potential Rosgeo JV marked areas, NYUD being first to head to production on current plan which is unfolding -
1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232
6: NKT (Nittis-Kumuzhia-Herbal) - The rest of it that we didn't get in the flanks app - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find that, i've not come across it myself digging around on there - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20
It takes quite a bit of digging through their systems to find the relevant parts tbh. The other 2 could possibly be Pentlandite creek and possibly something to account for the green area south of Poaz on Richards provided overlay map.
Original open pit MT map marks. Being SOLD with part of NKT (The flanks) -
Loipishnun -
https://rfgf.ru/gkm/itemview.php?id=44819
West Nittis -
https://rfgf.ru/gkm/itemview.php?id=44814
GLA
All previous mentions of 2.2Moz at MT have gone from the website, it now says:
"15Moz resource in MT license & Flanks license"
Is JORC almost here?
Their map confirms the NYUD area as being the officially registered one on the Russian system -
https://rfgf.ru/gkm/itemview.php?id=53232
GLA
Good spot nitro, cheers for the heads up!
GLA
Lots of updates on EUA website - including Rosgeo JV