Last checked at 26 Mar 2018 16:53
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Company Presentation
Eurasia Mining, an established platinum, Platinum Group Mineral ("PGM") and gold mining and exploration company is pleased to announce it will be presenting at two events this coming week commencing 26th March 2018.
Eurasia, in association with Bankex (www.Bankex.com), a fintech company focused on the tokenisation of assets, will be co-presenting at the Standard and Poor's Global Platts NORTH AMERICAN DIGITAL COMMODITIES SUMMIT on March 26, 2018 in New York:
https://www.platts.com/events/americas/north-american-digital-commodities/index
Subsequently, Eurasia Mining are attending the Mining Investment Asia conference in Singapore, 27-28 March 2018 in Singapore: https://www.mininginvestmentasia.com/
Eurasia are collaborating with Bankex to explore the potential for applying blockchain based solutions to develop resource sector mining projects, although there can be no guarantee at this stage that this will be achieved.
The rationale for the early stage collaboration is that the majority of PGM mined for industrial uses are used in industry to clean exhaust fumes in diesel and gasoline drivetrains and in much larger engines at oil refineries and chemical plants. These 'Green Metals' are particularly important in protecting the environment for future generations, and will continue to find applications in a more carbon efficient future. Eurasia and Bankex are interesting in exploring the possibility of creating a special purpose vehicle to apply blockchain based solutions to developing Green Metals mining projects.
Further information on this early stage collaboration will be provided in due course. More information on Bankex can be found on their website( www.Bankex.com).
Christian Schaffalitzky, Executive Chairman at Eurasia Mining commented - "Eurasia have tracked recent developments in the world of blockchain technology and its potential application to resource project development and are very pleased to work with Bankex to explore opportunities in this space. "
About Eurasia
As set out in the announcement dated 24 January 2018, Eurasia's 68% owned West Kytlim alluvial platinum mine is entering its first year of full production in 2018. Separately, approved resources within Eurasia's 80% owned Monchetundra Project on the Kola Peninsula comprise 1.9 million ounces palladium equivalent (Russian standard C1 and C2 categories) (see announcement dated 5 December 2017).
In addition, Eurasia maintain a right to participate in up to 67% of the Semenovsky Gold in Mine Tailings Project, a project demonstrating near term gold production potential.
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell / James Sinclair-Ford
+44 (0)161 832 2174