Rns Figures8 Feb 2022 07:07
Metals
Reserves*, Contained Metal, tonnes
Resources**, Contained Metal, tonnes
Copper
292,714
1,807,049
Nickel***
388,485
1,858,875
Cobalt
13,947
114,925
Palladium****
148
1,080
Platinum*****
46
276
Silver
68
394
Gold
8
76
Sources: Russian Feasibility Studies, Reserves & Resources Reports, Rosgeo, Norilsk Nickel
* Reserves include B, C1 and C2 categories under the Russian classification
** Resources include P1 and P2 categories under the Russian classification and do not include P3
*** The cut-off grade is in the range of 0.3% - 0.5%
**** The cut-off grade is in the range of 0.5 to 4 g/t
***** The total of reserves and resources in the table above is 184.6Moz of Platinum equivalent
The table is released, as additional information has been received by Eurasia.
The reserves and resources are stated under the Russian classification. The reserves and resources under the JORC Code (by Wardell Armstrong International), further to those already announced for a portion of the NKT deposit, will be announced separately.
The table above includes the Nyud deposit for which Eurasia's subsidiary already has paid Rosgeo (as announced via RNS on 26 March 2021) and the license transfer thereof will be separately announced. In the meantime, Wardell Armstrong International has presented a draft CPR under the JORC Code and the NPV model to Eurasia for review. Nyud is a nickel dominant relaunch project, similar to NKT.
The table does not include new applications made by the Company that will be announced when the reserves and resources estimation is compiled.
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased to update shareholders on our reserves and resources, as we continue to make good progress further to the RNS of 28 October 2021 in relation to the potential sale for which a separate update will be provided".
Consent for release
Christian Schaffalitzky, FIMMM, PGeo, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.
A copy of this announcement is also available on Eurasia's website at:
https://www.eurasiamining.co.uk/investors/news-announcements.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Ewan Leggat / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Optiva Securities (Joint Broker)
Christian Dennis
Tel: +44 (0) 20 3137 1902
About Eurasia Mining Plc
Eurasia Mining plc is a PGM and battery metals producing company, operating the established West Kytlim Mine in the Urals, and also being the
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