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Eurasia's expansion efforts have taken several forms. In December last year, the company revealed that it had been granted an additional 71.1km2 exploration licence at the project. The ground is thought to have the potential to bolster West Kytlim’s resource base and life of mine considerably. Following this, in June, Eurasia announced that it had applied for another licence called Tipil in the West Kytlim area. Tipil contains around 17km of river course and sedimentary units that have been proven to host platinum group metal deposits. With Tipil covering 24.5km2, West Kytlim’s total project area will grow to 117km2 when Eurasia is granted the Tipil licence formally.

Eurasia has had its Definitive Feasibility Study approved for West Kytlim’s Kluchiki area – a revised reserves statement for this area has also been lodged with authorities and is due for approval imminently. Furthermore, the Company aims to upgrade the entire mine's existing reserves into the Russian C1 category through a single ‘aggressive’ drilling programme. This work is fully funded and is on track to be completed by the end of this year. A total of 2,600m of drilling is planned at the reserves occurring as separate areas within the broader West Kytlim deposit. The aggressive reserves upgrade program is part of a ‘phased mine development strategy’ to ensure sufficient mineable material for multiple washplants operating on site from 2020. The business has also made several process improvements to West Kytlim’s washplant aimed at increasing overall recovery of precious metals, and improving efficiencies.

Most recently, in September, Eurasia announced that it has acquired its own enrichment plant and some mining equipment from the operating free cash flow at West Kytlim. The firm will now produce from the asset on an owner-operator basis, meaning it is entitled to 100pc of revenues, up from 30-35pc. As a result, Schaffalitzky expects to see an ‘obvious concurrent increase’ in the project’s profit margin moving forward.

As well as maintaining production, the last year has also seen Eurasia work to develop West Kytlim into the largest soft rock PGM mine globally. It is currently the second largest behind the Kondyor mine operated by Russian Platinum, which is thought to be winding down after producing an impressive 275kg of raw platinum last year.

https://miningmaven.com/companies/eurasia-mining/972-eurasia-mining-accelerating-growth-into-2020-eua

Major polymetallic open pit reserve on the Kola Peninsula

Global, state approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 59 tonnes (1.9 million ounces) palladium equivalent (palladium, platinum and gold) with major additional base metal credits, at two open pittable locations.
Reserves are now fully compliant, as defined under GKZ standards. A mining license was approved for the project in November 2018.
An exploration license application adjacent the mine was lodged in September 2019. On strike continuation of known ore bodies may be explored as demonstrated in this graphic (opens in a new window)
To appreciate how this project compares to other similar projects please consider this recent independent benchmarking exercise undertaken by Mining Maven.

https://www.proactiveinvestors.co.uk/companies/news/905934/eurasia-mining-s-dmitry-suschov-discusses--strategic-options--for-its-mining-assets-905934.html

Sam take the time to research more. Ring the company have a chat get as much information as you can.

Chairman Schaffalitzky commented:

"The new drilling program is designed to save time and cost by reducing the reporting required for approvals at individual sites. It also creates the potential to open the project up to much greater production volumes and, by potentially lifting the majority of ore to higher reserve categories, could increase the market value of the asset. We look forward to updating on the program as it progresses throughout this year."

Further detail:

Kluchiki DFS approval:

The Kluchiki 'feasibility study of permanent conditions', considered equivalent to a DFS in western mineral industry reporting codes', has been approved at a sitting of the Uralnedra Reserves Commission (the Russian Mining Authority). A revised reserves statement, on which the DFS is based, is now scheduled for approval at a later sitting of the Reserves Commission and is aimed at bringing all reserves at the Kluchiki area to Russian C category. A final statement on the total current approved reserves at Kluchiki will be issued in due course.

A new strategy for reserve upgrade drilling designed to streamline statutory reporting and allow for capacity expansion:

All C reserves within the mining license at the Ust Tylai, Ust Tylai Right, Bolshaya Sosnovka and Kosva Valley areas are anticipated to be upgraded to C category ore in an aggressive drilling program to be carried out in parallel with production during 2019. The fully funded program aimed at raising all reserves to C category will use drill rigs operated by Eurasia's drilling contractor is now underway. A second shift will be added to the on-site laboratory to process samples generated.

Shareholders are encouraged to follow the non-regulatory progress at the mine site through the Company's media channels including:

https://vimeo.com/user71951711

https://twitter.com/eurasiamining

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Spread is tight sell 2.37 buy 2.39 on iweb and you can buy there

https://www.eurasiamining.co.uk/investors/presentations/download?path=EUA%2BMJS%2B21%2BJune%2B2019.pdf

https://www.eurasiamining.co.uk/investors/media-news/240-Eurasia%20Mining%20-%20121%20Conference%20Highlights-2019-06-05T07-00-00.000Z%20

OMITC thanks for the warrants post very useful not all of the warrants will be exercised. I didn't realise but warrants don't have to be exercised as they get bought in a buy out too.

Eurasia is currently evaluating several gold targets in Eastern Russia and is focused on the following ongoing advanced exploration projects:

Monchetundra Project - Kola Peninsula
West Kytlim Mine - Ural Mountains
Semenovsky tailings Project - Bashkiria

I really want them to suspend here have never seen such manipulation by Peel https://invst.ly/nsfc8

Listen to the media you will realise these shares are a strong hold https://www.vox markets.co.uk/listings/LON/EUA/multimedia/

Palladium is worth more than Gold have a think about that

I suggest you call the company and ask
Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

LB yes we could get a special dividend payment from the asset sale but it won't be coming from the $50million that Sino have earmarked for the development of the asset. That is totally separate.

https://twitter.com/Goodshare1/status/1189799675085414400

omg listen to it write it down word for word if you have to

LB that is not what he said at all

https://www.vox ma rkets.co.uk/media/5d274f0c052336001724ebe7/?context=/articles/q-a-with-dmitry-suschov-of-eurasia-mining-eua--c4a8e60/&jwsource=cl