Member Info for mac4671

AGM on Monday, asset sale news can land at any point, more Rosgeo JV assets can land at any point, and WK is in a lovely treasure churning expansion process.

Koka kola's and treasure all round!

GLA

All true shareholders being fully in support of the BOD and their PGM, battery metal, and dividends plan -

"Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?

It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.

Q2: Have the board used the circa £14m from the recent placing?

No. As announced on 4 June 2021 the cash balance of Eurasia is c.$23m. The work programme is being developed in relation to the Rosgeo Joint Venture.

Q3: Can the board release a comprehensive update regarding the potential asset sale?

Our RNS of 12 May 2021 stated the Company had received a proposal for the potential acquisition of substantially all of the Company's assets, and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business"). The Company has provided as much detail as permitted by the AIM Rules regarding this proposal and looks forward to providing more detail when appropriate and permitted by the AIM Rules. Proceeding under the remit of AIM Rule 15 would require a shareholder circular to be published and a general meeting of shareholders held to approve any transaction.

Q4: If commenced, how long will it take for the Monchetundra Project preparatory works assigned to TGK?

The engineering, procurement and construction ("EPC") contract allows for an 18-months to 2-year construction phase to commence in line with pit preparation works, undertaken by Eurasia subsidiary TGK, in a sub-contract costed within the EPC. These preparatory works include stripping at West Nittis and Loipishnune, transportation and compacting and dumping, slope grading, compacting of run of mine pad.

Q5: If a dividend is paid, following a sale of assets, what would be the dividend date?

The Directors and management (being the largest shareholders in Eurasia) intend to proceed with a dividend payment as soon as practicable following a sale. The date from which a shareholder qualifies for a dividend will be determined when the terms for a sale are agreed."

Feet up, relaxed and sipping on nice chilled koka kola.

GLA

The most interesting part in this "PGE PROJECTS OF EURASIA MINING ON KOLA PENINSULA, RUSSIA" for some, may well be the Volchetundra work they did. You can see that they were getting plenty of positive results back at the time.

Dec 2019 RNS extract -

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

First mover advantage on the whole area, beautiful, enough to make any real pirate get excited aaaarrrrrrrggggghhhhhhhh

GLA

REE content study, page 9 for a few pages -

https://globaljournals.org/GJHSS_Volume20/E-Journal_GJHSS_(B)_Vol_20_Issue_3.pdf

Needs translating to work through -

"TO THE QUESTION ABOUT THE GEOLOGICAL POSITION AND PLATINITY OF THE MASSIVE GABBRO-10, MONCHEGORSK COMPLEX, KOLSKY REGION"

"Geological and geochemical studies show that the Gabbro-10 massif is a late intrusive phase of the layered Nyud-Poaz massif and is part of the Paleoproterozoic ore-magmatic system of the Monchegorsk complex. Platinum-metal-copper-nickel mineralization of the massif, containing, according to our data, up to 2.3 g / t Pd, refers to the contact type"

Blue PDF link in here, page 1 top left -

http://www.tsnigri.ru/magazine/RM/2018/4_18_Arm.pdf

The old license areas of Anglo JV days for those who are interested. Page 79 for a few pages. Explains about the exploration they did back in Anglo JV days -

"PGE PROJECTS OF EURASIA MINING ON KOLA PENINSULA, RUSSIA"

https://docplayer.ru/49133320-An-interreg-tacis-project-strategic-mineral-resources-of-lapland-base-for-the-sustainable-development-of-the-north.html

GLA

What the assets are worth is all down to what is in the ground and how they plan to extract them -

Reserves, Vuruchuaivench deposit,
Category C1+C2
Ore (Mt) 83.6
Nickel (kt) 248.2
Copper (kt) 164.9
Cobalt (kt) 10.9
Platinum (kOz) 569.0
Palladium (kOz) 2781.0
Gold (kOz) 144.0

*Plat, Plad, & gold adjusted to correct kOz as per original Norilsk source.

https://www.ngu.no/upload/Aktuelt/CircumArtic/9_Russia_.pdf

Big one this, first part is at page 60 about Monchegorsk.Then page 158 for monchegorsk as numbered on left. Page 163 on about the very rare positive Rhodium anomaly -

"6.4.6 Positive Rh anomaly
One of the key questions regarding PGE mineralisation in the Monchegorsk Complex is the origin of the positive Rh anomaly in the primitive mantle-normalised PGE patterns (Fig. 49) as most large layered intrusions, such as the Bushveld Complex or the Great Dyke, do not show this distinctive feature"

"The only other intrusion that features such an anomaly is the Muskox Intrusion in Canada (Barnes & Francis 1995)."

RHODIUM in the whole complex -

"In contrast, Grokhovskaya et al. (2003) reported that hollingworthite ((Rh,Pt,Pd)AsS), as they main host for Rh, was present throughout the complex, which may indicate that the parental magma may have been unusually rich in Rh."

Sample lists start at page 297 and 'Whole rock geochemical analyses' starts on page 349 -

https://orca-mwe.cf.ac.uk/108748/1/2017karykowskibtphd.pdf

GLA

I only keep the facts on repeat to drown out the noise we collectively get on here. Bank RNS 19 is when the vast majority of people started arriving, from that point forward. Before that RNS there were about 10 people at a max posting on this chat board, the few of us that were here were actually waiting for Eurasia to draw down the £50mn first part of the Sinosteel contract for Monchetundra. They didn't draw it down, so the likes of TDT who was practically the only resident naysayer at the time were using it as their little base for their doom and gloom narrative, until, well, that bank RNS landed and they changed their angle.

It's been interesting, the characters who have turned up since that point and the too and throw with the naysayers has helped pass the time quite well during the pandemic, but, the Eurasia story was only ever going one way due to the work ethic of the BOD and the entire team beneath them. When the deal news lands it was all down to their work, no one else's, just like the Rosgeo JV that landed, all down to their hard work behind the scenes.

Top place, well if there is one, or if people really are that ego driven, belongs fully to the BOD who are the largest shareholders. It if their plan, it is their voyage, we're all just along for the journey . . . . . .

Koka kola's, treasure, and BOD appreciation all round aaaaarrrrrrrrgggggggghhhhhhhhhhhh

GLA

"And A1ex trying to take Mac s spot as no 1 , can’t see it really as A1ex doesn’t actually get images himself , no no not at all." - There is no 1st, 2nd, 3rd or any other spot. Being a shareholder of a company isn't a competition, people obviously arrive at different stages and so sometimes have a different take on things. It isn't a competition, if the company does well then so do all of the shareholders, the company are the ones doing the work, everyone else simply shares what they find.

GLA

There was one i went to post that didn't even get posted i think quant, it was calling HH a shill, fake etc lol

GLA

Qualified, not like the green box lot -

"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 siteLoipishnyun 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

Koka kola's and treasure all round!

GLA

REE content study, page 9 for a few pages -

https://globaljournals.org/GJHSS_Volume20/E-Journal_GJHSS_(B)_Vol_20_Issue_3.pdf

Needs translating to work through -

"TO THE QUESTION ABOUT THE GEOLOGICAL POSITION AND PLATINITY OF THE MASSIVE GABBRO-10, MONCHEGORSK COMPLEX, KOLSKY REGION"

"Geological and geochemical studies show that the Gabbro-10 massif is a late intrusive phase of the layered Nyud-Poaz massif and is part of the Paleoproterozoic ore-magmatic system of the Monchegorsk complex. Platinum-metal-copper-nickel mineralization of the massif, containing, according to our data, up to 2.3 g / t Pd, refers to the contact type"

Blue PDF link in here, page 1 top left -

http://www.tsnigri.ru/magazine/RM/2018/4_18_Arm.pdf

The old license areas of Anglo JV days for those who are interested. Page 79 for a few pages. Explains about the exploration they did back in Anglo JV days -

"PGE PROJECTS OF EURASIA MINING ON KOLA PENINSULA, RUSSIA"

https://docplayer.ru/49133320-An-interreg-tacis-project-strategic-mineral-resources-of-lapland-base-for-the-sustainable-development-of-the-north.html

GLA

Research is where it's all at -

Reserves, Vuruchuaivench deposit,
Category C1+C2
Ore (Mt) 83.6
Nickel (kt) 248.2
Copper (kt) 164.9
Cobalt (kt) 10.9
Platinum (kOz) 569.0
Palladium (kOz) 2781.0
Gold (kOz) 144.0

*Plat, Plad, & gold adjusted to correct kOz as per original Norilsk source.

https://www.ngu.no/upload/Aktuelt/CircumArtic/9_Russia_.pdf

Big one this, first part is at page 60 about Monchegorsk.Then page 158 for monchegorsk as numbered on left. Page 163 on about the very rare positive Rhodium anomaly -

"6.4.6 Positive Rh anomaly
One of the key questions regarding PGE mineralisation in the Monchegorsk Complex is the origin of the positive Rh anomaly in the primitive mantle-normalised PGE patterns (Fig. 49) as most large layered intrusions, such as the Bushveld Complex or the Great Dyke, do not show this distinctive feature"

"The only other intrusion that features such an anomaly is the Muskox Intrusion in Canada (Barnes & Francis 1995)."

RHODIUM in the whole complex -

"In contrast, Grokhovskaya et al. (2003) reported that hollingworthite ((Rh,Pt,Pd)AsS), as they main host for Rh, was present throughout the complex, which may indicate that the parental magma may have been unusually rich in Rh."

Sample lists start at page 297 and 'Whole rock geochemical analyses' starts on page 349 -

https://orca-mwe.cf.ac.uk/108748/1/2017karykowskibtphd.pdf

GLA

There's a glitch in the matrix, i keep seeing HH's lame posts appear. How it has the nerve to try and lecture others is highly amusing lol. Green bin must have a slight crack from being over filled.

GLA

The table on page 47 is things measured in thousands of tons - Geological reserves, Q, thousand tons

Seam "330" 45422
Vuruchuayvench 10420
Yuzhnosopchinsky 10005
Arvarench 17600
Tubing, conditional reserves 60486
Loipishnun 12530
Total 155,935

Pages 42 - 56:

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

GLA

It's the same consistent script all the way from the original bank RNS of Oct 19 -

"The Last Non Consolidated Palladium Play".

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'"

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

"the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."

https://www.lse.co.uk/rns/EUA/potential-asset-sale-fsp-other-updates-54a1wvacahgt87n.html

Eurasia Mining plc Annual Report 2020.pdf -

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

Feet up and very relaxed, sipping on some nice chilled koka kola, aaaaaaaaarrrrrrrrrggggggggghhhhhhhhhhh

GLA

"Large kippers dragged from murky pools & dumped on deck" - Leave my top ups alone you, come straight out of crystal clear water thanks lol

GLA

When it was first listed on there it had a different name and had Eurasia Mining named there, green metals it was perhaps originally named -

https://lab.lybrion.com/project/digital-metals

GLA

Indeed -

https://lybrion.com/guide/precious-metal-tokens

GLA

This will speed up further exploration and analysis of the initial Monchegorsk district, but, can also be applied to the wider area as they look to expand back into Volchetundra -

" We are going to apply the blockchain technology to automate the collection, processing and storage of the production information, to improve the quality of the analyzed "field" data and significantly reduce the time required to document the scopes of the work done. In addition, our plans include the development of a technological platform for tokenization of junior assets, opening a new market for investment into geological exploration with emphasis to implementation of application solutions based on smart contracts."

https://www.accesswire.com/650448/Rosgeo-Will-Introduce-Application-Digital-Platforms-Using-Blockchain-Technology

GLA

The most interesting part in this "PGE PROJECTS OF EURASIA MINING ON KOLA PENINSULA, RUSSIA" for some, may well be the Volchetundra work they did. You can see that they were getting plenty of positive results back at the time.

Dec 2019 RNS extract -

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

First mover advantage on the whole area, beautiful, enough to make any real pirate get excited aaaarrrrrrrggggghhhhhhhh

GLA

It isn't about part of the game, it's about the whole game, the larger field, the bigger picture -

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-s-palladium-fund-launches-first-nickel-and-copper-etcs-on-lse/

GLA