Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits, located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula, is pleased to announce that the Company has been granted the Tipil exploration license (24.5km(2) ) adjacent and to the west of the current mining permit at West Kytlim.
The Tipil license (24.5km (2) ) contains approximately 17 kilometres of river course and sedimentary units proven to host PGM deposits at the West Kytlim project. Geological data and historical mining information has been analysed by the Company's geologists and a report compiled which justified the application as a new exploration license tenement.
More information about the Tipil license has been provided in the announcements dated 9 April 2020, 4 December 2019 and 17 June 2019.
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased with the permitting progress achieved across all of our projects. Further announcements will be made as appropriate".
It would be very interesting to find out who their clients were,looks as if it will be Pay Up time very,very soon!! . Under these rules, the parties to the contracts (i.e. the clients of the defaulting firm and the relevant market counterparties) remain obliged to complete their transactions on the terms on which they were originally dealt.
Defaulter's dealing capacity
5. The Exchange can confirm that Jub Capital's unsettled on Exchange non-central counterparty transactions were executed in an agency capacity. As a result, the Exchange will apply the rules relating to unsettled relevant agency contracts, D150 to D155, to the firm's unsettled transactions. Under these rules, the parties to the contracts (i.e. the clients of the defaulting firm and the relevant market counterparties) remain obliged to complete their transactions on the terms on which they were originally dealt.