Member Info for mac4671

Yes AlexHodler, but, also has a JV with H4Energy in the works, do see the appropriate RNS that relates to such things.

PGM's are needed for the storage of Hydrogen for example, also in Hydrogen fuel cells.

Remember, we have an asset here with a dragline now and a stockpiled black sand concentrate containing Platinum -

"Platinum is especially suited as a fuel cell catalyst as it enables the hydrogen and oxygen reactions to take place at an optimal rate"

https://www.cmegroup.com/articles/2021/platinum-and-the-hydrogen-economy.html

PGM's & Hydrogen very much go hand in hand tbh.

GLA

For ease i'll drop the segment again. But, you'll also clearly see Artem named as supporting Dmitry also -

"Possible sale of Russian assets

The Company continues to focus on selling its Russian assets, a process led by Mergers and Acquisitions Officer Dmitry Suschov with support from Artem Matyushok, Non-Executive Director of the Company, as well as from the Company's Representative Office in Japan."

It's why i started this specific thread, due to Artem's involvement with H4Energy, the sale of assets still very much mentioned in the corporate update, but, also, 2024 is approaching and it will take quite a long time to construct a plant to run at the initial pilot plant Hydrogen output rate imho

GLA

"Investment friendly jurisdictions can be interpreted many ways - and my interpration of this statement would likely knock-on-the-head any new development by Eurasia on Sakhalin" - Not at all. With ERDC it is very much investor friendly, they help secure everything. See the Hydrogen presentation on the Eurasia Mining website to read that part.

"With reference to Japan - it has now only been referenced as an office now - not as the base location of a potential suitor" - Do see the previously copied and pasted corporate update RNS segment which clearly states that the office is supporting Dmitry with the sale of assets.

Then do look at the appointment of this gentleman -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are delighted that Mr. Kosaka has decided to join Eurasia as a non-executive director. We see significant interest from Japan in PGM and battery metals assets, as Japan moves towards net zero-emission goals and the hydrogen economy. With JOGMEC and Hanwa having already acquired PGM assets in South Africa, the Japanese players are interested to further expand their presence in lower cost and energy abundant mining jurisdictions. Mr. Kosaka's appointment is a part of the execution of our strategy as previously announced".

GLA

Both Japan and Artem were mentioned in the corporate update, so, it all still looks very positive to me -

"Possible sale of Russian assets

The Company continues to focus on selling its Russian assets, a process led by Mergers and Acquisitions Officer Dmitry Suschov with support from Artem Matyushok, Non-Executive Director of the Company, as well as from the Company's Representative Office in Japan."

It does make you wonder exactly what they're selling and who to when the Japan office was mentioned recently as supporting Dmitry with the sale of assets.

A legitimate line, or, a red herring to keep any potential buyer totally anonymous? They do have a nack for keeping us all guessing through this entire process tbh don't they!

GLA

Just to be clear about those people, they're the H4Energy side of the JV -

"H4Energy is under management of H2Transition Capital founded by ex-Shell energy transformation team members (in alphabetic order):"

All big hitters with bucket loads of experience!

GLA

You're welcome Apresto. It will be very interesting to see what may have changed and how it will all be structured to fit into the geopolitical situation.

You have to be optimistic with the team that has been brought here to get everything done -

"· Artem Matyushok, former vice-president M&A for Rosneft, and former Shell alumnus, where he participated in several development projects and later was involved in Shell's incipient Energy transition initiative;

· Geoff Nesbitt, ex-Shell R&D senior manager and former CTO for Petrofac, well-rounded Process Chemist with executive IMD degree. His career has spanned both sides of the energy industry transition from extractive to renewable sources;

· Richard Oblath whose last 25 years of a 40 year industrial career was with Royal Dutch Shell in senior roles including VP Downstream Global Portfolio Projects heading M&A for both Downstream and the then emerging New Energies businesses. Post retiring from Shell he is a non-executive director of Boson Energy (a waste to energy and hydrogen firm), Chair of the Energy Transition Group and a Fellow of the Institute of Materials, Minerals and Mining, a Fellow of the Energy Institute, a Member of Chatham House and Chapter Zero (a community of non-executive directors who understand and can position the Energy Transition with their board colleagues)."

GLA

"The design services agreement, signed with H4 Energy, includes an initial screening study to explore opportunities for using predominantly wind energy to produce green hydrogen at a proposed site on the southwestern tip of the island, Petrofac said"

"Sakhalin offers excellent land availability, coastal proximity, and a location adjacent to Eastern Asian markets, with an only 40 kilometre sea crossing to Japan, Petrofac added.

According to UK-listed Eurasia Mining, this company has recently formed its own a joint venture with H4 Energy to promote hydrogen and ammonia projects on the Kola Peninsula and Sakhalin Island in Russia. Another partner in this venture is locally based company Sakhalin Oil & Gas.

Eurasia Mining has described H4 Energy as an engineering and development company that specialises on hydrogen and ammonia projects, aiming to reach production of 1 million tonnes of hydrogen per year by 2030"

https://www.upstreamonline.com/energy-transition/petrofac-to-study-wind-and-hydrogen-options-at-sakhalin/2-1-1165752

Merry Christmas ;)

GLA

..../ year will be launched to supply hydrogen to the Asia-Pacific region as well as domestic consumption"

"According to the SakhalinOneTwo telegram channel, the British company plans to produce up to 16 thousand tons of gas per year within the pilot period, which will begin in 2024.

By 2030, it is planned to expand production to 150 thousand tons / year"

https://globuc.com/news/uk-based-eurasia-mining-plc-to-produce-hydrogen-on-sakhalin/

Construction will need to begin next year for them to hit the pilot production rate for 2024

Tick tock.....

GLA

It looks like good old Tesla is going to help drive Nickel demand further -

https://cleantechnica.com/2020/09/22/everything-you-need-to-know-about-teslas-new-4680-battery-cell/

Anyone know where we can find some Nickel? -

"· Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation.

· Nickel is the main metal comprising half of the value in the metal basket on a Net Smelter Royalty ("NSR") basis"

Merry Christmas!

GLA

T or V what is it to be, some time in the new year we will all see -

"Nittis Kamuzhaya Travanya (NKT) Massif"

GLA

Interesting take Lovelyboy, i'm leaning on Volchetundra myself, the reason is because it is mentioned with the Rosgeo JV section rather than the previous RNS NKT section -

"NKT/Monchetundra Flanks

Work continues on the assessment of the NKT Project, contained within the Flanks license adjacent the Monchetundra (West Nittis and Loipishnune) mining license, which may be developed as a standalone project or as a project combined with Monchetundra (West Nittis and Loipishnune) deposits. In accordance with the exploration license's requirements, a diamond core drilling programme at several locations has so far produced 5,488m of drill core testing for both near surface high-grade veins and disseminated Ni, Cu, PGE mineralisation, as well as greater width 'bottom lode' mineralisation as a possible continuation on strike of the mineralisation at West Nittis. A study undertaken by Wardell Armstrong International in the Second Half of 2021 (please refer for details to our website at https://www.eurasiamining.co.uk/investors/technical-reports) demonstrates the economic potential of the bottom lode mineralisation as an underground room and pillar mining operation, with a potential overlying or concurrent open pit operation.


Rosgeo and other exploration license interests on the Kola Peninsula

A new application for an exploration license for the Nyud area has been progressed by Rosgeo and the Company will update shareholders on receipt of this license in due course. The Nyud project will form the basis for the evaluation of other projects within the Rosgeo Agreement. Separately, the Company, through its subsidiaries, is advancing a 100% owned exploration license application in the Monchegorsk area which is currently being reviewed by the relevant authorities. The exploration and mining license tenements held by Eurasia and under application position Eurasia at the forefront of Kola Ni, Cu and PGE exploration."

It reads as if it's a separate license on the Kola Peninsula, Travyanaya would make sense if mentioned under the appropriate NKT section above, Volchetundra makes more sense when mentioned where it is in RNS.

Just an opinion of course with how things have been worded.

Hope you have a lovely festive season!

GLA

https://youtu.be/KIxWDHr1ddc

GLA

For anyone who is interested -

"What's Inside the World's Deepest Artificial Hole"

https://interestingengineering.com/video/whats-inside-the-worlds-deepest-artificial-hole

GLA

Early stage mining company is what Kazera is.

You can't really call it anything else as they did produce Tantalite, they do produce Diamonds and now also HMS and so are a mining company.

GLA

Merry christmas to all genuine shareholders!

Green boxes, you'll just get a lump of coal.

GLA

Agreed, it's been a long year due to the hostilities, an end to them soon would be great.

GLA

Something to note with WK DFS is that we were informed at a few stages, and example -

"Definitive Feasibility Study

As previously announced, the Company had engaged GeoInvestProject ("GIP") to prepare the DFS for its West Kytlim project. The DFS has now been approved by the working meeting of the Russian State Committee on Reserves. The final approval is expected to happen this month. The DFS approval is an important milestone for the West Kytlim project for several reasons:"

So, even after it was submitted we were updated at various stages as it ran through the approval process.

The difference with Monchetundra is the Arctic residency status and ERDC. Now we know that Eurasia receive legal support for all licenses, including the Rosgeo JV ones, but, no one knows how these things may or may not affect the MT DFS approval process. There has been multiple measures put in place by various Russian gov bodies to speed up getting relevant resources into production, i guess we'll just have to wait and see how exactly it affects what Eurasia have at Monchegorsk.

GLA

We have to appreciate that if it was put together by third parties then our own BOD will have had to run through it all prior to submission also, to ensure that it matches what they have had in mind for Monchetundra all along etc -

"The DFS report for the Loipishnune and West Nittis open pits, which incorporates work from numerous contractors, consultants and laboratories has now been completed."

See, i'm still a bit confused, because, if it is a 25 DFS mine plan for example then other assets will be involved in phase 2 of mining. We were told what phase 1 included a long time ago -

"Monchetundra Detailed Mining Plan

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company is pleased to announce that a detailed mining plan has been completed for the first 5 years of the life of mine of Loipishnune open pit and the West Nittis open pit, both of which form part of the Monchetundra project.

Summary Highlights:

· Updated results of block modelling and open pit optimisation have created the opportunity to increase phase one ("Phase One") annual ore production by 1.7 times (from 1Mtpa to 1.7m Mtpa) compared to the Russian Feasibility Study (the "FS") throughput. The FS was approved by the State Commission on Mineral Reserves as announced on 3 April 2017. Phase One includes Loipishnune open pit and West Nittis open pit only"

A couple of weeks to go through the DFS and then submit it could be reasonable imho

GLA

Mont, someone made this suggestion a while back and they were right, we have only heard once Rosnedra received it and acknowledged receipt. I don't think any of us will ever know how long the process is of submitting it and receiving acknowledgement, but, it was clearly complete and sent in prior to yesterdays RNS -

"Following submission, a notice has been received from Rosnedra, the relevant state authority, acknowledging receipt."

It's funny that the doomsayers are still here tbh, they moaned about the DFS for long enough lol

GLA

With DFS done Monchetundra is heading to production in 2023. Well, pit construction and processing facility construction will begin. Either a buyer starts that or we do with the DFS information once it is accepted by the relevant authorities.

The clock is ticking!

GLA