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Eurasia Mining Plc
West Kytlim Flanks License Received
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that an additional exploration license has been granted at its West Kytlim project (the "Flanks License"). The Company applied for this license area in 2019 and the grant was expected.
Summary Highlights:
· The area of the Flanks License is adjacent to our current mining license and is largely intersecting with (as well as extending beyond) the initial exploration license that Eurasia owned via its former joint venture with Anglo American Platinum ("Anglo JV").
· Thus, the Flanks License area is largely known to Eurasia via the exploration work undertaken within the Anglo JV.
· The Flanks License is aimed at increasing the resource available and potentially extending the life of mine at Eurasia's West Kytlim project, where 2 additional plants have been launched this year (in addition to 1 plant operating in the previous years).
· This additional license area is to ensure long term resource for further scale ups of production, including the electrically powered draglines aimed to further improve our operational efficiency and our ESG credentials.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we continue expanding our presence in the Urals beyond our current mining license area and Typil exploration license area, including to the areas known to us through the work done within our former 15-year joint venture with Anglo American Platinum. Once again, we have demonstrated the capacity of our team to successfully obtain licenses and implement our strategy".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "The Board members are happy that we have once again delivered on the promise we made to obtain the Flanks License at our West Kytlim project, strengthening its position as the world's largest soft rock PGM project, as we continue to successfully execute on our plans".
More information about the West Kytlim Flanks is set out in the Company's announcements of 15 March 2021, 25 August 2020, 17 Dec 2019 and 4 Dec 2019.
A copy of this announcement is also available on Eurasia's website at:
https://www.eurasiamining.co.uk/investors/news-announcements.
Well after 4 years in for me is today really the day? Big thanks to all you guys keeping this chat room real with some fantastic updates and news, along with some humour to go with it… really mean it , thank you to the researchers and update it’s been a long journey for me and hopefully I will find the end of the rainbow? Fortune favours the brave and I’ve been brave with a lot of ups and downs…. GLA X
I was in SOLG about 10 years ago when exactly the same thing happened with Newmont, I remember that day very clearly, it was a midday RNS and the share went 10p to 80p in 3 hours of that RNS, I’m not saying it’s going to do that but this deal is a lot bigger... Monday looks like it’s going to be a big day, this could fly so hold onto your shares... GLA
Jealousy is eating away at these trolls, that's why they keep talking so much sh*t...
Give it a test boys please, the biggest fund management company in the world (I think ) just bought 23m worth? Do you think that's a punt? NO.
what I think is they may know more than all of us... GLA
It’s been one hell of a journey for me here I must say, bought in at 0.45 after being tipped it and to this day I haven’t got a clue why I bought when I did. **** all happened for 16 months and nearly sold out, then it started moving, the interview threw a spanner in the works and I sold half at 1.6p, since then I have held on to the rest thank God... you long term holder here have kept me in this and I will be always grateful and hope to tell you this at the after-party... there were some right trolls also, that looking back has probably cost some investors a lot of money With their constant negative comments and de-ramping!!.. we all know who they are... GLA and let’s get this job finished
What we must undwerstand is the price we were at last week and now incudes the test results being positive thats why we will float around 60p.. some of you are way off with the number and now we need to look at the next update to push on to anywhere near £1.
Ian,
as always It’s a pleasure to read your posts and as you quoted most of us would love to escape the rat race and get off the hamster wheel... I’m in this till the end as I believe you will struggle to ever get the opportunity again.. fortune favours the brave and so far most of us are still in the running..
GLA and hope the meet up happens after the conclusion.
Well after today I think we now sit in a stronger position, all the 20p target sellers are gone, all the panic sellers have gone and all the stop losses have been triggered. MM certainly had that 15p stop-loss In their sights and succeeded in swallowing up all them shares... It's was interesting watching it all unfold, But I was on edge mind...GLA
Come on guys you’re giving these shorters/derampers way to much time on this board!!.. I’ve stopped looking on here because most of you are just spamming any good news or great research by reacting to these trolls.
The worst part about this is they know what they are doing and are getting exactly what they Set out to do!. You might think you're doing the right thing responding but you are doing more harm ( most of the time ). Any good research will be followed by trash talk we know that, an hour later it’s too far down the line for most people to read because of us chasing a response!!..
You are all playing into there hands and sadly making good vs Bad on this board around a 50/50 split which sadly not what this board is all about...
I’m invested here with a good amount of shares but this board does make me question my holding because it’s doom and gloom most of the time with everyone’s spamming all the good news by reacting to these trolls...
STOP PLAYING INTO THERE HANDS GUYS PLEASE.
Some of these trolls probably bet paid for this.
Rant over
I Don’t know why some of you are replying to these clowns on the thread giving them more coverage!!...
Or even answering at all!!.. this site highlights more negatives and positives lately with you all retaliating to these idiots!!...
Please just ignore them as we are killing and diluting all the positive posts!. Stop falling into there trap PLEASE!!...