Member Info for theofficecat

Bobzrig, in a word No. The DFS is ongoing and is BAU. The fact is getting it done greatly adds value to the project. You don't stop doing these things because you are selling it. To me it is saying will be done by November but of course a sale may precede that and whoever buys simply step into the shoes and continue.

why Sinosteel contract not activated.......it IS being sold!

The Group has spent £682,419 on a development programme for the Monchetundra asset during 2021 and has budgeted a further £527,000 for statutory reporting on this asset to November 2022, keeping the asset in good standing while strategic options for the project's development are considered

The Board consider the West Kytlim asset to be fully capitalised for sustainable mine production for an up to 15 year mine life (at 2022 capacity), without consideration of possible reserves in the adjacent West Kytlim Flanks and Typil License areas. The Group is in the process of installing electric draglines and grid power, realising its plans for the West Kytlim asset which is intended to be self-funding from 2022.

montyboz, only second one in after Kira, exalted company indeed, just not worth the air we breathe........

silly squid, no brains

Montyboz therein lies your complete stupidity in that the Sinosteel contract would have been activated already if there were no interested parties. You waste of space!

oldspursfan and others, how many times? this is an end of year report and financial results not a sales update ffs However the following is as much as they can probably say at this time, NDA's WILL still be in place. Dear me nothing is good enough for some.......next up will be the market doesn't like it as we are not up 1000%

Active discussions with interested parties continue, and will be pursued with patience and care,
against the background of the now more complex and changed geopolitical landscape. The Company recently
appointed KPMG as agent within Russia to further this strategy and although there can be no guarantees, we
remain confident of a positive outcome from these discussions.

how about some apologies from all those this week and before screaming the accounts would just get kicked down the line? Thought not, yet your posting history reveals all.

The Group’s current (as at 30 May 2022) cash position is around £14,200,000

The Group maintains tight financial and budgetary controls as well as cost control,
and forward planning helps ensure the Group is adequately funded to reach its objectives. Two significant equity
placings were undertaken in May and September 2021 raising a total of $35m and the Directors consider the Group
to be well funded for its short and medium-term objectives

So Artem is NOT being paid and the company recognise the Hydrogen arm is further down the line. Which the sensible all knew! Find JV partners for the hydrogen arm i.e. a free carry or more likely imo prove up and sell this asset separately. So for me the original plan is in place. Sell the assets, Nickel, Palladium separately, move on to eua2 the hydrogen arm possibly with WK as an add on to it. Given how important Platinum is in process a very attractive one. Great stuff!

Artem Matyushok was appointed to the position of independent non-executive Director in May 2022. Artem brings
experience in and in-depth knowledge of high-level Mergers and Acquisitions transactions and expertise in the
hydrogen sector. Artem is a director of H4Enegy Joint Stock Company ("H4Energy”), which entered into an
agreement with the Company on 30 December 2021 to assist Eurasia in finding joint venture partners (“JVs”), the
ultimate aim of which JVs would be to secure off-take for Eurasia’s metal production and associated financing,
which could be used for the development of the Company’s metal production and use of hydrogen in its operations.
The Board does not regard the agreement with H4Energy to be material at this time and neither Artem nor H4
Energy has received or receives remuneration from Eurasia as a consequence of this agreement. Accordingly, the
Board does consider that Artem’s independence is not impugned by the agreement between the Company and
H4Energy.

more resources upgrades here as well, jeeezzz the amount we have/will have is simply mind boggling!!!

During 2022 drilling commenced to the east and north of the West Nittis deposit targeting extensions to the West
Nittis ore body within the NKT Massif. Historical drill core from Norilsk/ Severonickel drilling prior to 2015 did
not include an assay for PGM and the Company has undertaken to complete this work with an expected
improvement in reliability of confidence levels and therefore resource classification.

looking good for further resources upgrades at WK!

Exploration upside – Typil and West Kytlim Flanks
‘Field exploration work at Typil commenced in August 2021 with reconnaissance and mapping accompanied by
stream sediment sampling. Both banks of the Kosva River have been worked, at the inflows of the Typil and Kyria
Rivers and in the area of the Typilez Creek. 12 samples have shown presence of platinum and gold.
Land surveying was carried out to allow the planning of drilling traverses. Drilling then commenced in March
2022 in the area around the inflow of the Typil River and the adjoining part of the Kosva River valley. 3 traverses
totaling 39 holes and 273 meters have been drilled for a total of 426 samples. The average depth of the holes is 3-
4 meters, maximum – 11.5 m.
Drilling intersected alluvial sediments of the Kosva and Typil terraces, 6-7 meters thick, and pre-Quaternary
(assumingly Neogene) sediments up to 5 m thick. Neogene sediments are a key resource in ore bodies on the
current mining license. At the time of writing, drilling was ongoing, and samples were being washed in a Kosvinsky
Kamen field laboratory.’

treadingcarefully of course they are still in discussion stages and will be until the RNS comes out which says sale agreed and we vote on it ffs. No satisfying some, wanting a date and price in a Accounts/AGM RNS. Going to be thoroughly stupid on here today.

Carry on negheads, derampers, loonys you won't make a dent in my confidence. That RNS is as good as it gets!!! An AIM company debt free, with huge assets in the ground, expanding, assets sales ongoing, no impact from sanctions etc etc.

sod off herbet......try your best the report is in black and white, no debt for example..............now folk can either read it, believe it and in the BOD and selling the assets.

Or be thick as 2 short planks and believe the likes of Herbet and the rest who will come on here today with childish dribble.

As for moaner, whining holders you own the BOD an apology. Doubt be any humility there either!

won't be long before the derampers get their teeth into it lol No one should have been expecting speciifc sale details in this report. They have told us ongoing and expect successful out come. Good enough for me and in 20 days a lot can happen.

WK---2.3 times increase in raw platinum production; 3,643 oz (2020 – 1,525 oz) and that is just up to end of 2021!

and for the derampers, moaners, whiners ....Sale of assets will happen

While we expect these developments to add value to these projects, we have not lost sight of our principal strategy,
which is to focus on maximising shareholder value, primarily through a sale of assets, for the benefit of our
shareholders. Active discussions with interested parties continue, and will be pursued with patience and care,
against the background of the now more complex and changed geopolitical landscape. The Company recently
appointed KPMG as agent within Russia to further this strategy and although there can be no guarantees, we
remain confident of a positive outcome from these discussions.

Continued interest in the Company’s assets from potential buyers with a focus on BRICS counterparties

the BOD deliver..first goodie

"Company’s cash position remains strong at circa £14.2 million and no significant debt"

fook off naysayers!

fleabittenwolf assume, fantasise away, means nothing to me....hadn't you attend to the fantasy girlfriend?