Member Info for mac4671

The area is an old copper mining area, it's where the visible open pits have came from, old copper mining days there. The previously worked areas South of Monchegorsk have always been visible -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.9306123,32.8986447,22603m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

You can find some previous Copper mining reference here -

https://thediggings.com/mines/usgs10232359

Norilsk's Monchegorsk big copper project . . . . . . could be a coincidence, but, is more likely all part and parcel of taking the district to production.

"Kola MMC is preparing its own railway infrastructure for the implementation of the Big Copper project"

https://www.kolagmk.ru/news/2021-09-08/kolskaya-gmk-gotovit-sobstvennuyu-zheleznodorozhnuyu-infrastrukturu-k-realizacii-proekta-bolshaya-med.html

Koka Kola's all round!

GLA

When third parties have arrived at positive conclusions for the Monchegorsk district -

"Conclusions and recommendations:
• as a result of the completed enlarged geological and economic assessment of platinum-metal objects of the Monchegorsk ore region, it can be argued that in modern conditions, the Vuruchuayvench deposit (with the Plast "330", Yuzhnosopchinsky, Arvarench sites), as well as the tubing ore occurrence and the site Loipishnyun in the general GOK can be worked out highly profitably and are of commercial interest; • the facilities include the Plast section "330" with simplified access to the ore, as well as enriched with platinum group metals section Vuruchuayvench (S [Pt + Pd] ˜ 3.29 g / t, in
including Pd ˜ 2.9 g / t), which allows us to expect fast payback of capital investments; • it is recommended to carry out additional exploration of the deep horizons of the Vuruchuaivench deposit with the calculation of reserves; • assess the condition of the exploration well, which was passed to the Sopchi vein massif below Plast "330", as well as the possibility of selective mining of this vein massif using modern tunneling and small-sized equipment; • carry out a separate feasibility study of conditions for ore occurrence Nittis-Kumuzhya-Travyanaya; • based on additional data from the exploration of the listed objects, taking into account new information on the Poaz ore occurrence to develop TPP for long-term development of Monchegorsk ore region."

http://www.tsnigri.ru/magazine/RM/2021/2021_1_min.pdf

From that conclusion you'll recognise these named areas -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find everything associated - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20 -
Poaz - https://rfgf.ru/gin/itemview.php?id=b2eabd5d1afdd02021dde143e6c0d859
"20300157 G-1-176GCM passport Layer 280
20131279 G-1-175GCM passport Eastern Vuruchuayvench
20124654 G-1-174GCM passport Poaz (bottom deposit)"
https://efgi.ru/object/20078236

It gives you even more confidence when you can put the jigsaw together from highly respected third party conclusions.

GLA

Indeed Arsenalles, we've discussed it may times to date, we're definitely at the end stages of it, bidding war and JORC's seem to be the hold up -

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Both are good hold ups as both add significant values as they progress!

GLA

I will do Arsenalles, all the way to some good news landing. It pays to keep certain info in circulation as a reminder of why we're all here.

I think the hardest part of all of this is trying to predict just how long things could and have taken with certain stages, there isn't anyone has been right so far with timeframes to conclusion etc. Even the longest of original estimations are long gone at this stage, but, it's the environment that we're in which is the cause, the big boys are scooping up Nickel and Copper projects at pace at the moment, ours just so happens to be an entire district though which is 'buy and go' ready.

Whatever deal is being worked on it's massive at this stage, smaller deals would have been completed a long time ago imho.

GLA

Mine life for both WK and MT is greater than 20 years.

GLA

"WEST KYTLIM

Established low-cost and cash generative asset with capacity expansion upside.

Asset overview:

Ownership: 68%

Operating Partner: Owner operated

Region: Sverdlovskaya Oblast

Mine type: Open pit soft rock PGM

Licensing: Production license to 2040.

Status: First industrial production 2018, ramping up to nameplate capacity

Product/Offtake: PGM concentrate (Platinum, Palladium, Rhodium, Iridium), and Gold

Infrastructure: Sealed road 80km, gravel road 24km

Mine life: >20 years

Target production: 64koz at full capacity

Exploration upside: Expanding mineable reserve base via application for adjacent licences; all drilling completed on mining right"

GLA

It's an interesting tool. From something a long time ago Dmitry stated the price range they were using was 2500-3000. But remember, we also have a huge amount of Nickel, Copper and Cobalt to go on top of any Palladium equivalent calculation -

"MONCHETUNDRA

A fully funded development project; with 15moz palladium dominated PGM resource, it is one of the largest assets globally not owned by a PGM major.

Asset overview:

Ownership: 80%

Operating Partners: Sinosteel, Central Kola Expedition

Region: Murmanskaya Oblast, Russian Kola Peninsula bordering Finland.

Mine type: Open pit.

Licensing: Mining license to 2038. Financed via Sinosteel EPCF.

Status: Preparation for production.

Product/Offtake: PGM and base metals concentrate (Palladium dominant, Platinum, Gold, Nickel and

Copper).

Infrastructure: Road, Rail, Sea Hub, Power and labour. Close to Finish border

Mine life: >20 years

Target production: 1,000koz at full capacity

Exploration upside: Expanding mineable reserve base via acquisition of adjacent licences."

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

Another week is almost upon us and it rolls into a month past the first mention of JORC coming shortly -

"· The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly"

Hopefully they only meant a short month for it to arrive, we've all been very patient, could be a really good week this one!

GLA

No problem Ian, they're always keeping themselves busy and Japan appears to be a crucial part of whatever long term plan they have for things.

It will be very interesting to see what finally lands on the deal front here, no matter which way you look at things you can only arrive at the very large deal scenario at this stage. The demand for Nickel, Copper, Cobalt etc is currently going through the roof and we have a ridiculous amount of those metals in the Monchegorsk district.

By the time Monday comes, it will have been 2 years since the original bank RNS of Oct 19, it's crazy how much time has passed since then tbh.

I hope all have a lovely weekend, i'm keeping one eye on red dot watch until 18:30 just in case!

All the best!

GLA

Oh Ian, just look here -

https://twitter.com/iMuesliBrown/status/1450941812508610562?s=20

They've been attending the big Hydrogen events in Japan recently!!

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

"Moscow deploys 800th electric bus, on the way to 1,000 by year-end"

https://chargedevs.com/newswire/moscow-deploys-800th-electric-bus-on-the-way-to-1000-by-year-end/

"TOKYO, Oct 18 (Reuters) - Japan's Mitsubishi Corp (8058.T) will invest 2 trillion yen ($17.54 billion) by 2030 in alternative energies such as renewables and hydrogen to drive its decarbonisation efforts and cut emissions, it said on Monday."

https://www.reuters.com/business/sustainable-business/japans-mitsubishi-corp-aims-net-zero-greenhouse-emissions-by-2050-2021-10-18/

Eurasia Japan, now isn't it quite handy having an office over there!

It's very good that Eurasia has metals for both the Hydrogen economy and battery EV's isn't it!

GLA

Is the route forward. Even Norilsk are working on a closed loop recycling cluster for electric vehicle batteries in Finland with others.

The World is finally changing for the better -

"Norilsk Nickel's program to reduce air pollution costs $ 3.6 billion"

https://www.helsinkitimes.fi/business/18380-norilsk-nickel-s-program-to-reduce-air-pollution-costs-3-6-billion.html

GLA

But remember, the very old mining town of Monchegorsk is all just an elaborate scam, there can't possibly be what they that there is there, because, well, one person says their knowledge is better that many professional geologists and mining experts who have worked and explored the area over many decades.

GLA

I also have full control over wiki, well, just because i can lol -

"It was established in the 1930s[citation needed] as the inhabited locality of Moncha-Guba (?????-????), which served copper and nickel mining in the Monchetundra Massif."

https://en.wikipedia.org/wiki/Monchegorsk

GLA

Here's some of my first controlling work, honest, i'm just that old and magical lol -

https://www.e-sga.org/fileadmin/sga/newsletter/news5/art1.htm

GLA

For over 100 years i've managed to single handedly control the exploration of the Monchegorsk area, i know, it's a good effort lol -

The area is an old copper mining area, it's where the visible open pits have came from, old copper mining days there. The previously worked areas South of Monchegorsk have always been visible -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.9306123,32.8986447,22603m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

You can find some previous Copper mining reference here -

https://thediggings.com/mines/usgs10232359

Norilsk's Monchegorsk big copper project . . . . . . could be a coincidence, but, is more likely all part and parcel of taking the district to production.

"Kola MMC is preparing its own railway infrastructure for the implementation of the Big Copper project"

https://www.kolagmk.ru/news/2021-09-08/kolskaya-gmk-gotovit-sobstvennuyu-zheleznodorozhnuyu-infrastrukturu-k-realizacii-proekta-bolshaya-med.html

Koka Kola's all round!

GLA

When third parties have arrived at positive conclusions for the Monchegorsk district -

"Conclusions and recommendations:
• as a result of the completed enlarged geological and economic assessment of platinum-metal objects of the Monchegorsk ore region, it can be argued that in modern conditions, the Vuruchuayvench deposit (with the Plast "330", Yuzhnosopchinsky, Arvarench sites), as well as the tubing ore occurrence and the site Loipishnyun in the general GOK can be worked out highly profitably and are of commercial interest; • the facilities include the Plast section "330" with simplified access to the ore, as well as enriched with platinum group metals section Vuruchuayvench (S [Pt + Pd] ˜ 3.29 g / t, in
including Pd ˜ 2.9 g / t), which allows us to expect fast payback of capital investments; • it is recommended to carry out additional exploration of the deep horizons of the Vuruchuaivench deposit with the calculation of reserves; • assess the condition of the exploration well, which was passed to the Sopchi vein massif below Plast "330", as well as the possibility of selective mining of this vein massif using modern tunneling and small-sized equipment; • carry out a separate feasibility study of conditions for ore occurrence Nittis-Kumuzhya-Travyanaya; • based on additional data from the exploration of the listed objects, taking into account new information on the Poaz ore occurrence to develop TPP for long-term development of Monchegorsk ore region."

http://www.tsnigri.ru/magazine/RM/2021/2021_1_min.pdf

From that conclusion you'll recognise these named areas -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find everything associated - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20 -
Poaz - https://rfgf.ru/gin/itemview.php?id=b2eabd5d1afdd02021dde143e6c0d859
"20300157 G-1-176GCM passport Layer 280
20131279 G-1-175GCM passport Eastern Vuruchuayvench
20124654 G-1-174GCM passport Poaz (bottom deposit)"
https://efgi.ru/object/20078236

It gives you even more confidence when you can put the jigsaw together from highly respected third party conclusions.

GLA

Certainly saxonaxe, a nice and easy waiting game. West Kytlym will stop processing ore shortly due to next weeks temp drop, we should hear what they've managed to produce with the 3 wash plants running as well.
At MT, similar weather situation, mountain tops are now covered in snow there so hopefully they're not far away with releasing a load of info that we've all sat ad patiently waited on arriving.

GLA