Member Info for mac4671

If we get Volchetundra back then it's more of the same.

Table 4 for some Rhodium figures:

https://www.researchgate.net/publication/260958520_Low-sulfide_PGE_ore_in_the_Volchetundra_gabbro-anorthosite_pluton_Kola_Peninsula_Russia

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."

GLA

Table 5 on the Vuruchuaivench link also has some interesting GOLD & SILVER figures!

Another anomaly feature at Vuruchuaivench appears to be this -

"Gersdorffite, is rare and has simi-lar PGE contents. Pd and Rh are evenly distributed among grains. Sulfoarsenides with a high Pd content(5–10 wt %) are developed after sulfoarsenides within signi?cant PGE admixtures as rims and frames(Fig. 6)"

Here's a bit of an eye opener about South Sopcha -

The South Sopcha massif (Fig. 1) is situated to the south of the Monchegorsk pluton and separated from the Monchetundra massif by a block of Archean rocks at Mount Arvarench. The massif is elongated; its length at the surface is about 10 km2 and width is 550–600 m (Ivanchenko and Davydov, 2009). The massif strikes in a northwestern direction and steeply (60°–70°) dips to the southwest. As follows from drilling and3D modeling results, the massif is traced to a depth of–1.7 km beneath the massif of Mt. Sopcha in its western part."

These assets are colossal, no other way to describe it ladies and gents.

I found a diagram with multiple named areas, Horizon 330, Sopcha, Nud, Poaz, Critical horizon, Gabbro 10, Vuruchuaivench & South - Sopcha Massif. From that you have most of 9 Rosgeo JV assets named, possibly?.

Page 23 in here for the diagram -

http://geoksc.apatity.ru/images/stories/Print/Monchegorsk_eng.pdf

GLA

Rosgeo JV -

"In the brecciated rocks of the marginal group, Pd bismuthotellurides (mainly merenskyite), sperrylite, hollingworthite, and Pd and Rh bearing cobaltite and gersdorffite are predominant"

https://www.researchgate.net/publication/255969188_Geology_Mineralogy_and_Genesis_of_PGE_Mineralization_in_the_South_Sopcha_Massif_Monchegorsk_Complex_Russia

Table 2 and figure 2 for Vuruchuaivench -

https://www.researchgate.net/publication/255969073_PGE_Mineralization_in_the_Vuruchuaivench_Gabbronorite_Massif_Monchegorsk_Pluton_Kola_Peninsula_Russia

"Nyud lithologies also show positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20 (Fig. 14 C, D, E)."

MT -

"Travyanaya has higher PGE concentrations and features an enrichment in PPGE relative to IPGE with positive Pd as well as Rh anomalies and a high Pd/Ir ratio of more than 75 (Figs. 12 J, 14 A). Chromite-rich dunite from the Dunite Block exhibits a strong enrichment in IPGE relative to PPGE, which reflects the presence of IPGE-rich cumulus chromite (e.g., Capobianco and Drake, 1990). All other lithologies from Travyanaya, ranging from websterite to orthopyroxenite and gabbronorite, have remarkably similar patterns with Pd/Ir ratios from 48 to 65 and positive Pd as well as Rh anomalies (Fig. 14 B). Kumuzhya, Nittis and Nyud lithologies also show positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20 (Fig. 14 C, D, E). Only the ophitic orthopyroxenite from Nittis has a different pattern lacking distinct anomalies. It is worth noting that the positive Pd and Rh anomalies are characteristic of many other Fennoscandian intrusions of similar age, such as the Portimo Complex, and also in parts of the Great Dyke of Zimbabwe and the Muskox intrusion in Canada (Barnes and Francis, 1995; Iljina et al., 1992; Maier et al., 2015)."

https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf

WK -

"Rh-rich pentlandite KT 150-154 A bis 3 3 0.39 0.00 12.13 24.95 27.12 0.33 0.05 0.00 0.40 31.7 10.36 97.44"

12.3 being the Rhodium.

https://www.researchgate.net/publication/276054678_Unusually_pge-rich_chromitite_in_the_butyrin_vein_of_the_Kytlym_Uralian-Alaskan_complex_northern_urals_Russia

GLA

The other 5 assets, Rosgeo will explore them up to the same level as the the proved 4, it's what they bring to the JV table. In essence, Eurasia have bagged an explored district via that JV, work of absolute M&A genius by Dmitry tbh.

"It is the Board's intention to progress both strategies (project development and sale of assets) concurrently"."

From the above rns statement it would indeed appear that the rinse and repeat asset sale process will continue after an initial Monchetundra disposal. Some to production and some sold going forward, hence sale of 'assets' rather than sale of asset.

This is all just the start of bigger things to come imho.

Feet up, very relaxed. sipping on that fine koka kola with Rhodium sprinkles!

GLA

The third party link that relates to that recent FS which increased Resource figures -

"After the completion of all work, both the main resources - platinum group metals and associated components - nickel, copper and gold will be accurately calculated. The end of the research is scheduled for December this year."

"K. Firstov, head of North-West PGO, explained that as a result of research work at Poaz, the uniqueness of the deposit was confirmed, according to preliminary calculations, the deposits of platinum and palladium are about 336 tons (category P2), which is much higher than the initial forecasts."

https://www.vnedra.ru/novosti/rosgeologiej-okoncheny-burovye-raboty-po-obnaruzheniyu-metallov-platinovoj-gruppy-na-territorii-murmanskoj-oblasti-10745/

It looks like they've managed to find an expansion of it, good work tbh -

https://twitter.com/GMF782/status/1397585365653917701?s=20

All leading to -

"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:"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

Koka kola's all round!

GLA

For. . . "prioritized mineral centers of economic development". . . . . . Kola

NKT and NYUD from some years ago. They've been exploring the area for years now tbh -

"Department performance for 2014-2018

Feasibility studies and scoping prefeasibility studies were completed for development, geological study and mining operations at the following deposits:

NKT and NYUD PGM occurrences, Monchegorsk ore district, Murmansk region, JSC Severo-Zapadnoye PGA.

Federal contract execution

Federal contract “Work on investment projects of prospective precious metal and other nonfuel mineral deposit geological study within the prioritized mineral centers of economic development”."

A dead cert for a very long time to be fair ; )

http://www.tsnigri.ru/en/otdel-geologo-ekonomicheskoj-otsenki-mestorozhdenij.html

GLA

Everything to date points to a Monchetundra disposal, where are we at with it, LOI in May -

"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."

https://www.onetoonecf.com/binding-offer-or-letter-of-intent/

"Additionally, the letter of intent is often required to get financing from the bank for the transaction."

Possibly securing any financing as we speak, stage 9 here -

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

Tick tock, tick tock, tick tock aaaaaaarrrrrrrrrrggggggggghhhhhhhhhhhhhhhhhhh

GLA

"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

Filling their boots as impatient ri's ditch to chase a rainbow elsewhere. Or just more fun and games to fill the regular large orders that have been coming in, shaking it for their final time as we run up to the juicy deal news drop.

Feet up, relaxed, may actually grab more if their games continue.

GLA

Cheers Trift, you too, hope you've had a lovely weekend.

The facts are what they hate the most, so it's the best thing to serve them on a repeat prescription aaaaaaaarrrrrrrrrrrrgggggghhhhhhh

Koka kola's all round!

GLA

Everything to date points to a Monchetundra disposal, where are we at with it, LOI in May -

"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."

https://www.onetoonecf.com/binding-offer-or-letter-of-intent/

"Additionally, the letter of intent is often required to get financing from the bank for the transaction."

Possibly securing any financing as we speak, stage 9 here -

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

Tick tock, tick tock, tick tock aaaaaaarrrrrrrrrrggggggggghhhhhhhhhhhhhhhhhhh

GLA

"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

The third party link that relates to that recent FS which increased Resource figures -

"After the completion of all work, both the main resources - platinum group metals and associated components - nickel, copper and gold will be accurately calculated. The end of the research is scheduled for December this year."

"K. Firstov, head of North-West PGO, explained that as a result of research work at Poaz, the uniqueness of the deposit was confirmed, according to preliminary calculations, the deposits of platinum and palladium are about 336 tons (category P2), which is much higher than the initial forecasts."

https://www.vnedra.ru/novosti/rosgeologiej-okoncheny-burovye-raboty-po-obnaruzheniyu-metallov-platinovoj-gruppy-na-territorii-murmanskoj-oblasti-10745/

It looks like they've managed to find an expansion of it, good work tbh -

https://twitter.com/GMF782/status/1397585365653917701?s=20

All leading to -

"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:"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

Koka kola's all round!

GLA

For. . . "prioritized mineral centers of economic development". . . . . . Kola

NKT and NYUD from some years ago. They've been exploring the area for years now tbh -

"Department performance for 2014-2018

Feasibility studies and scoping prefeasibility studies were completed for development, geological study and mining operations at the following deposits:

NKT and NYUD PGM occurrences, Monchegorsk ore district, Murmansk region, JSC Severo-Zapadnoye PGA.

Federal contract execution

Federal contract “Work on investment projects of prospective precious metal and other nonfuel mineral deposit geological study within the prioritized mineral centers of economic development”."

A dead cert for a very long time to be fair ; )

http://www.tsnigri.ru/en/otdel-geologo-ekonomicheskoj-otsenki-mestorozhdenij.html

GLA

They never give up do they lol

GLA

Everyone has been dropping that link in mentioning Eurasia, fact is VW are moving with EMH in czech via their Skoda brand by all accounts.

It does show what the car manufacturers are having to go to in order to secure supplies however. 6 gigafactories planned for Europe as far as i've seen.

GLA

Great for a look around the treasure district now, when she warms up she warms up fast over there, that's for sure -

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.9151387521515&lng=32.76878356933594&zoom=12&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2020-12-01%7C2021-06-06&atmFilter=&showDates=false

GLA

Treasure will be flying off the production lines . . . . .

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=59.544303916987374&lng=58.93349647521973&zoom=14&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2020-12-01%7C2021-06-06&atmFilter=&showDates=true

GLA

Indeed stix, it has a very lovely ring to it, after a Monchetundra disposal it is significantly derisked on the financing side as well. Rapid development can take place on the JV assets to bring them to production, even sell a few at a later date at the 100% owned stage. Great options going forward for that JV tbh.

GLA

The third party link that relates to that recent FS which increased Resource figures -

"After the completion of all work, both the main resources - platinum group metals and associated components - nickel, copper and gold will be accurately calculated. The end of the research is scheduled for December this year."

"K. Firstov, head of North-West PGO, explained that as a result of research work at Poaz, the uniqueness of the deposit was confirmed, according to preliminary calculations, the deposits of platinum and palladium are about 336 tons (category P2), which is much higher than the initial forecasts."

https://www.vnedra.ru/novosti/rosgeologiej-okoncheny-burovye-raboty-po-obnaruzheniyu-metallov-platinovoj-gruppy-na-territorii-murmanskoj-oblasti-10745/

It looks like they've managed to find an expansion of it, good work tbh -

https://twitter.com/GMF782/status/1397585365653917701?s=20

All leading to -

"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:"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

Koka kola's all round!

GLA