RE: Traders Cafe with Zak Mir: Eurasia Mining6 Jul 2021 11:42
"Nice to see that Rosgeo say there are $100b in the ground just waiting to be dug out." - Now consider this, they have only done feasibility studies on 4 areas, so, realistically can only be talking about the areas they have studied. Those 4 have also already been considered as additional ore sources to a recent/new mining plan -
"The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards and are comprised of:
· Four palladium, platinum, copper, nickel and cobalt open pit deposits, upon which Russian FS completed and reserves (according to the Russian standards) approved by the Russian State Committee of Reserves (GKZ).
Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis."
The other 5 have simply had some due diligence and exploration done by Eurasia, well, according to what has been released anyway -
"· A further five mostly open pit palladium, platinum, copper, nickel and cobalt assets are included in the JV, where Eurasia has carried out due diligence including c.20km of exploration drilling and some 12 thousand samples taken by Eurasia."
The numbers can only theoretically grow as further feasibility studies are done on any other areas that require them.
GLA