Member Info for mac4671

"Eurasia began working at the Monchetundra Project in 2006 and developed the project from a green fields exploration project, initially in a joint venture with Anglo American Platinum whose interest Eurasia bought in 2014. Field work comprised extensive trenching, geochemical sampling, geophysics programs and several generations of core drilling for a total of 33km of drill core."

MT flanks -
"The applied for area comprises a significant portion of a zone to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT) Massif, an area previously mined for high grade nickel and copper mineralisation and with significant resources in PGM. Further potential resources exist in the on strike continuation of the mineralisation at Loipishnune as it extends into the area between Loipishnune and West Nittis, beyond the current mining license, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

See it there, glistening in the sun? - "in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

"Executive Chairman at Eurasia Christian Schaffalitzky highlighted 'It has always been quite clear that the mineralisation at West Nittis was in fact clipping the edge of a much larger potential target in NKT, as a contact hosted PGM target - in fact the area was partially mined for high grade copper and nickel veins in the past but never systematically explored for palladium and other PGMs. Whilst outlining the resource at West Nittis the area was not available as an exploration license. Similarly, at the Loipishnune deposit there is strong support for further on strike extensions to our identified ore body which were not sufficiently outlined prior to the submission of our mine plan. On receipt of the flanks area exploration license these areas will become high priority brown field exploration targets which the directors believe may increase the resources for the project severalfold.'"

https://www.lse.co.uk/rns/EUA/monchetundra-flanks-application-submitted-ihe77vrd1p8946y.html

"This EPC contract is being advanced as part of discussions with third parties for the sale or joint venture of the project"

Sinosteel are very confident to achieve this - "The contract provides for engineering, procurement and construction of a 1.7 million tonnes per annum PGM beneficiation project at Monchetundra."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w3d64jx

"The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play"."

"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progr

You're very welcome A1EX, thank you!

GLA

Surveying the flanks would allow this to be achieved wouldn't it? -

"Should the Company crystallise substantial value from our Monchetundra interests it would be a highly significant achievement, however whilst discussions continue it is important to progress the asset on the ground. By securing a Discovery Certificate for the licence and by pursuing various exploration and development steps, we believe we can add significant value to our interests and increase the degree of commercial interest, for any parties wishing to engage with the project."

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html

GLA

Oh yes A1EX, and guess what, that's west nittis, where they believe it was just clipping a much larger resource, which is the resource they applied for with the flanks application -

"Executive Chairman at Eurasia Christian Schaffalitzky highlighted 'It has always been quite clear that the mineralisation at West Nittis was in fact clipping the edge of a much larger potential target in NKT, as a contact hosted PGM target - in fact the area was partially mined for high grade copper and nickel veins in the past but never systematically explored for palladium and other PGMs. Whilst outlining the resource at West Nittis the area was not available as an exploration license. Similarly, at the Loipishnune deposit there is strong support for further on strike extensions to our identified ore body which were not sufficiently outlined prior to the submission of our mine plan. On receipt of the flanks area exploration license these areas will become high priority brown field exploration targets which the directors believe may increase the resources for the project severalfold.'"

https://www.lse.co.uk/rns/EUA/monchetundra-flanks-application-submitted-ihe77vrd1p8946y.html

GLA

Even the 12.28 would be a welcome bonus.

GLA

At MT -

Mt-086

49.0-50.1

1.1

12.28

6.52

98.8

2.13

0.15

Guess what the 98.8 pertains to? ;)

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html

GLA

Step 8 -

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

GLA

Keith won't tell anoyone about the AP project, it's all hush hush, even AP said so in their instagram post.

It is in effect a secret project as of right now, AP are not allowed to disclose any details on it -

https://www.instagram.com/p/B-ZhwV-jEjC/

Further proving what is at MT before a sale is a logical guess.

GLA

With the WK zoom out, head north up to the next mountain area and you will see another set of groundworks, that has also changed recently. There are now more tracks there and ground clearings, a very evident circular area now attached west and another small area being worked coming off the north west corner of the main area.

If you struggle to find it, here it is -

https://www.google.com/maps/place/Ural+Mountains/@59.6385275,59.1638686,491m/data=!3m1!1e3!4m5!3m4!1s0x439319a8e18983a7:0x350ba7fe0abbcbd2!8m2!3d60.2784931!4d59.1619065

Even the area directly above that infrastructure area has enlarged with what appears to be tree clearing, with a new area coming down south easterly from it.

GLA

Just copy and paste that WK one into google search, again it takes you straight there. It only blurs when you zoom right in, but the infrastructure is highly visible well before that happens. Do the same with the MT link, have a look at what the images show and then respond, i've tried several other satellites myself and none are as clear as the ones in those links i shared.

Judging by no snow at MT on it, it could well be quite recent imagery and would coincide with exploration via tge evident AP project.
Just take a look, i'm sure people can make their own minds up on it.

GLA

Yes well done, but something else is happening or has happened -

https://www.instagram.com/p/B-ZhwV-jEjC/

GLA

You're right about the definition, with WK you can zoom in and see the actual infrastructure, although how old the image is may be an issue -

https://www.google.com/maps/place/Ural+Mountains/@59.5075339,59.1240227,285m/data=!3m1!1e3!4m5!3m4!1s0x439319a8e18983a7:0x350ba7fe0abbcbd2!8m2!3d60.2784931!4d59.1619065

GLA

The curve in the road to the right tells you it's loipishnune tbh, puts you bang on it.

GLA

Just copy and paste the google link, you'll see as it takes you straight there. On the image it's very clear that exploration looks to have happened from loipishnune heading towards west nittis.

Not infrastructure, ground clearing and exploration -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.8631136,32.7600277,2464m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

GLA

You'll see the coords at this bit of the link ,+Russia/@67.8624338,32.7555007,366m/data

It will be interesting to see what you find heading from there up torwards west nittis with sentinel.

GLA

I'm not on telegram A1EX, just use the coordinates from that google one and have a look if you want.
I know what it looks like to me, when you marry the pic from the eurasia website to the area.

GLA

If i was to go off that satellite image from google, i would say they've been exploring, heading from loipishnune to west nittis, you can see a lot of tracks and small clearings which may well be where they have drilled imho.

GLA

Annoying how it doesn't allow the link here, just copy and paste it into google and it takes you straight there. You can clearly see that work has been going on at loipishnune.

GLA

Isn't the clear area with new roads and groundworks here loipishnune -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.8631136,32.7600277,2464m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

https://www.eurasiamining.co.uk/operations/monchetundra

GLA

Also, do you think this man would still be here if his payment structure had miraculously just became worthless?

"Mainly for his assistance with Lesego Platinum and to ensure Mr. Churakov's motivation without further dilution of Eurasia shareholders, Mr. Dmitry Suschov has transferred 25.472% of the share capital of DELOAN INVESTMENTS LIMITED ("Deloan") (a company beneficially owned and controlled by Mr. Dmitry Suschov) to VENUS GARDEN HOLDINGS LIMITED a company beneficially owned and controlled by Mr. Churakov for a nominal consideration with effect from today. Deloan holds a substantial shareholding in Eurasia."

GLA