Eurasia Mining Live Discussion

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Totally_Wired 24 Jun 2019

RNS-Historic 24 June 2019 Eurasia Mining plc (“Eurasia” or “the Company”), Issue of Equity & Directors’ Holdings Eurasia Mining plc (“Eurasia” or “the Company”), the PGM and gold producing company, announces that it has today issued 25,273,400 ordinary shares of 0.1 pence at 0.5 pence per share, being the closing price on 21 June 2019 (the “New Shares”) in settlement of invoices for various services including accrued directors fees. The Directors and management have decided to continue to receive their compensation in shares and to reinvest the cash generated by the mining at West Kytlim into further expansion of production. It is expected that this will accelerate the payback to the Company and its shareholders and is a further demonstration of Directors’ confidence in the Company’s operations. . Of the New Shares: (i) 8,500,000 ordinary shares are being issued to Executive Chairman Christian Schaffalitzky, in lieu of £42,900 accrued directors fees, bringing his total holding to 89,569,517 ordinary shares or 3.60 % of issued share capital; (ii) 9,920,000 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of £49,600 accrued consulting and director’s fees, bringing his total holding, including shares held in a company in which he owns and controls, to 465,647,496 ordinary shares or 18.72% of issued share capital ; and (iii) A further 6,853,400 ordinary shares are issued at 0.5 pence to consultants in lieu of accrued fees. Accordingly, the Company has today issued a total of 25,273,400 new ordinary shares (“New Shares”). Application has been made to admit the New Shares to trading on AIM and dealings in the New Shares are expected to commence at 80am on or around the 28 June 2019 (“Admission”) Following Admission, the total number of issued ordinary shares in the Company will be 2,487,751,921 ordinary shares and consequently the total number of voting rights in the Company will be 2,487,751,921. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules. [link]

TrickyDickyTwo 10 Jun 2019

RNS-Historic Reading between the lines they didn’t have the necessary detail at West Kytlim to satisfy the authorities and are now required to do a whole load of additional drilling. The same, I expect, applies the Monchetundra except on a much larger, and therefore more costly, scale. Same old same old from this lot. TDT

Totally_Wired 10 Jun 2019

RNS-Historic 10 June 2019 Eurasia Mining plc (AIM: EUA) West Kytlim DFS approval, Reserves upgrade and Production expansion strategy Eurasia Mining, the palladium, platinum, iridium, rhodium and gold production Company, is pleased to report that the feasibility study of permanent conditions (equivalent to a Definitive Feasibility Study (‘DFS’) in Western minerals industry reporting codes) has now been approved by the authorities for the Kluchiki Area, where mining is currently ongoing. A revised reserve calculation, prepared in accordance with the DFS is also scheduled for approval by the Russian Government, in accordance with the Russian Mining standard. The reserves at Kluchiki were recalculated after reserves infill drilling, performed in 2018, expanded the ore bodies at that location and upgraded the calculated reserves from C2 to C1 category ore. Furthermore, a new strategy for reserves approvals has been adopted by the Company going forward. All Russian category C2 Reserves at all areas on the West Kytlim license are expected to be upgraded to C1 category in a single drilling program. The drilling program of circa 2,600 m of shallow drilling, 140m of which has already been drilled at the Bolshaya Sosnovka area, is fully funded. The Company expects this drilling program to be completed during 2019 in parallel with mining, and are excited about the opportunity this presents to increase capacity at site Highlights: · Kluchiki DFS now approved by Russian Mining authorities. · A new strategy for reserve upgrade drilling has been adopted by the Company and is aimed at allowing major capacity expansion. All C2 reserves within the mining license are anticipated to be upgraded to C1 category ore. · The drilling program is fully funded and now underway. Production of raw platinum is ongoing at site with recent new additions to the washing circuit reported to be working well. Chairman Schaffalitzky commented: “The new drilling program is designed to save time and cost by reducing the reporting required for approvals at individual sites. It also creates the potential to open the project up to much greater production volumes and, by potentially lifting the majority of ore to higher reserve categories, could increase the market value of the asset. We look forward to updating on the program as it progresses throughout this year.” Further detail: Kluchiki DFS approval: The Kluchiki ‘feasibility study of permanent conditions’, considered equivalent to a DFS in western mineral industry reporting codes’, has been approved at a sitting of the Uralnedra Reserves Commission (the Russian Mining Authority). A revised reserves statement, on which the DFS is based, is now scheduled for approval at a later sitting of the Reserves Commission and is aimed at bringing all reserves at the Kluchiki area to Russian C1 category. A final statement on the total current approved reserves at Kluchiki will be issued in due course. A new strategy for reserve upgrade drilling designed to streamline statutory reporting and allow for capacity expansion: All C2 reserves within the mining license at the Ust Tylai, Ust Tylai Right, Bolshaya Sosnovka and Kosva Valley areas are anticipated to be upgraded to C1 category ore in an aggressive drilling program to be carried out in parallel with production during 2019. The fully funded program aimed at raising all reserves to C1 category will use drill rigs operated by Eurasia’s drilling contractor is now underway. A second shift will be added to the on-site laboratory to process samples generated. Shareholders are encouraged to follow the non-regulatory progress at the mine site through the Company’s media channels including: Vimeo Eurasia Mining Eurasia Mining is a member of Vimeo, the home for high quality videos and the people who love them. [link] Vox Markets EUA.L | Eurasia Mining Plc | Share Prices & News In One Place - Vox Markets Real time AIM Market investment news, RNS feeds, watchlists & expert insight from Fund Managers, CEO’s & Analysts. Vox Markets the definitive source for AIM Market news, insight & analysis.

Totally_Wired 03 Jun 2019

RNS-Historic From this morning: 03 June 2019 Eurasia Mining plc (AIM: EUA) West Kytlim Production Update Eurasia Mining, the palladium, platinum, iridium, rhodium and gold production Company, is pleased to report on production at the West Kytlim Open Pit Mine. Development of ore blocks has been ongoing since the first quarter of 2019 in preparation for the washing season. As mining and development of reserve blocks can be carried out in advance of gravel washing, it was decided to commence mining and to stockpile the ore. It is intended that the ore stockpile be maintained at the washplant site. This ore has been and will be continuously sampled during excavation to confirm the grades and acts as a buffer to ensure continuous feedstock for the onsite washplant. Full scale washing and production started in the second quarter. Highlights: · Mining on-going at West Kytlim Project since 1Q2019. · Ore stockpile of around 30,000m3 of ore creates a buffer of material to ensure constant production. · Full scale washing and production started in the second quarter. Chairman, Christian Schaffalitzky commented ‘We are confident of a strong second year at West Kytlim in 2019 with mining ongoing since the first quarter and with the full scale production and washing started in Q2. Our own team and that of our Contractor are building on their experience of last year with several modifications to the circuit aimed at further increasing efficiency and metal recovery. We will publish the improved grades and recovery numbers later this year, after these improvements are confirmed over longer term production period.’ Further detail: Update in Kluchiki Open Pit Mine: Reserve blocks have been developed at the Kluchiki Open Pit Mine in the first half of this year. A ore stockpile of around 30,000m3 was established at the washplant site and is now being fed through the trommel using a feeder system. This addition to the washplant is designed to establish a more consistent flow of gravel through the plant than the excavator used to feed the washplant in the 2018 season. Maintaining a consistent flow of material improves washing efficiency and metal recovery. A graphic of the West Kytlim and its mines is available on the Company’s website at: [link] A site visit to describe the operation and demonstrate upgrades to the washing circuit by means of video blog is scheduled for later in June 2019. Whilst all updates will be provided through the Regulatory News Service, in the usual way, shareholders are also encouraged to follow the non-regulatory progress at the mine site through the Company’s media channels including: Christian Schaffalitzky, FIMMM, PGeo, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results. The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. [link]

TrickyDickyTwo 19 May 2019

RNS-Historic Chairman’s statement “…and look forward to delivering further tangible shareholder value in the coming years.” He’s got to be having a laugh. TDT

Totally_Wired 15 May 2019

RNS-Historic 15 May 2019 Eurasia Mining plc (AIM: EUA) Annual report and accounts 31 December 2018 and notice of AGM Chairman’s statement Last year was a key year for the Company’s development: Eurasia recorded a maiden gross profit and obtained a mining licence on its flagship Monchetundra Project. At the time of writing production is ramping up for the year to full scale at West Kytlim and the Directors now regard Eurasia as an established mining Company. The Company’s strategy, as outlined since 2015/16 was to develop the West Kytlim Mine to production, and to generate sufficient revenues to allow the Company to pursue development of its further interests, while minimising possible dilution of the shareholder base. As a standalone unit the mine at West Kytlim demonstrated excellent profit margins during 2018 and contributed to the gross profit at group level. The economics of this style of operation - with limited overheads and capital expenditure are assured, however expanding the mine at West Kytlim to multiple operating sites is now a key objective for the Company. The Directors’ look forward to continued successful production at West Kytlim and believe the Company can grow its West Kytlim operation to become the largest alluvial platinum mine globally. The Directors’ believe West Kytlim mine cash flows, from a single operating and contracted washplant, notwithstanding considerable final settlements of loans through 2018 (which made the Company debt free) are now sufficient to make significant contributions to the running of the Company at Group level. The issue of the mining license at the Company’s flagship Monchetundra Project in December 2018 was a further welcome addition to an already successful year. The reserves comprise palladium plus platinum, gold and base metals. The Company’s plans for the project’s development with Eurasia’s working partners at Sinosteel (one of the largest corporations in China) and the Central Kola Expedition, the key contractor in the region for both Russian and international companies, can now be progressed. The project is a more considerable undertaking than West Kytlim and could be transformational for the Company. The Company continues to keep all options for this major project’s development on the table and are further encouraged by the potential to add further to the reserve and resource base directly adjacent the project. Finally, the Directors would like to thank Eurasia’s shareholders, old and new, for their continued support -and look forward to delivering further tangible shareholder value in the coming years. Also, the Directors would like to thank all management and staff for delivering on the Company’s goals in recent years but particularly through the transformational year that was 2018. With the mine at West Kytlim now well established and the Monchetundra Project fully permitted, the Director’s believe they have established a firm base on which to build a strong and diversified exploration and development Company More via link below: [link]

TrickyDickyTwo 29 Apr 2019

RNS-Historic In November 2016 Eurasia had 1,457,594 shares in issue and a market cap of £11m. Today Eurasia has 2,462,478,521 shares in issue and a market cap, based on a mid-price of 0.54p, of £13.3m. Over 1 billion additional shares issued in the last two and a half years for a paltry £2.3m increase in market cap most if not all of which can be attributed to an increase in the price of PGMs over that period. And this is a company that’s in production!!! Schaffalitzky presided over the appointment of an incompetent contactor that they had to sack. Schaffalitzky presided over the issuing of an additional 1 Billion shares over the last two and a half years despite the fact that he said back then that he would try to avoid issuing more shares. Schaffalitzky claimed West Kytlim would provide sufficient cash making future dilution unnecessary. It hasn’t. Schaffalitzky has presided over the issuing of presentations that are both inaccurate and misleading. You need to look at and understand the detail here if you want to get an accurate picture of what’s going on. Last year, from 3 May to 19 September 2018, West Kytlim produced 4,549 ounces of raw platinum. The amount of platinum contained in raw platinum is, at best, 70% so the amount of actual platinum produced is only 3,185 ounces. You then need to factor in the 65/35 split with the contractor. That leaves 1,115 ounces. You then then to factor in the fact that Eurasia only owns 75% of WK. That leaves 836 ounces. You also need to factor in the fact that Eurasia has to sell the platinum to the refinery at 97% (2018 rate) of the LME price and will be charged an additional 2.75% refining fee. That leaves Eurasia with approximately 795 ounces of pure LME grade 1 platinum. On the 1st. November 2018 platinum was about $840/ounce. In other words Eurasia made $667,800 (£514,00) from West Kytlim in 2018. That just about covers the wages and social security costs for 2017. The above helps explain the reasons why, since the end of the season in 2018, they haven’t published what they made that year and ultimately why they had to do a placing. But then they’ve known all along that they were going to have to do a placing. TDT

Totally_Wired 29 Apr 2019

RNS-Historic 29 April 2019 Eurasia Mining plc West Kytlim Update April 2019 Eurasia Mining PLC, the palladium, platinum, rhodium, iridium and gold producing company, is pleased to provide an update on activity on site at the West Kytlim Mine for March and April 2019. All of the necessary mining equipment has now arrived on site at West Kytlim, the circuit is being assembled in advance of first washing of gravels, which is expected within the following two weeks. Improvements to the washing circuit which were demonstrated to have performed well in the 2018 mining season have been approved and are being installed by the Company’s contractor. Specifically; a Jig (a fluid-based gravity separation device), has arrived at site and will operate with an additional concentration table adjacent to the wash-plant. These are designed to increase recoveries of precious metal beyond what was achievable in 2018. Infill reserves upgrade drilling at Bolshaya Sosnovka is ongoing. Samples from the 100m drilled to date are currently being processed at the on-site laboratory, and results will be provided to the market in due course when available. Highlights: · All necessary mining equipment in place for mine start up · Additional gravity recovery circuit added for the 2019 season aimed at increasing recoveries · Drilling program ongoing at the Bolshaya Sosnovka area - video available on the Company’s Vimeo channel · Wash-plant within the Kluchiki area relocated after the 2018 season. The directors believe the Kluchiki area still holds sufficient mineable gravels to support a full season of production in 2019, and two wash-plants operating concurrently through 2019-2020. Christian Schaffalitzky commented; ‘It has been a busy couple of weeks for both our own staff in Ekaterinburg and those of our contractor. Safety on site is paramount, especially during assembly of the plant. We now look forward to building on the success of the 2018 season, which has set a benchmark to surpass in 2019’. Further details: Washing of gravels is expected to commence at the Kluchiki Area (‘Kluchiki’) in the next two weeks. The wash-plant has been relocated within the Kluchiki Area, and is intended to operate at full capacity for the entire 2019 mining season. The Company continues to develop plans for adding an additional wash-plant, either contracted or owner-operated during 2019-2020, which should significantly improve total throughput. A scheduled infill drilling program at the Bolshaya Sosnovka Area is now advanced. 100m of drilling have already been completed, a further 250m are planned for later in the season. Samples from the 100m of drilling completed are now being processed at the laboratory on site. Results of this drilling program will be published in due course . The results will also be compiled in an updated reserve report for submission at Uralnedra, as soon as practicable. This will complete the reserves infill drilling program at Bolshaya Sosnovka, on approval of the report by the Russian Mining department all gravels at that location will be considered mineable, in accordance with the Russian Mining Standard. As previously reported (see RNS dated 25 October 2018) a report based on the Kluchiki Area within the West Kytlim project was submitted by the Company’s local subsidiary Kozvinsky Kamen (‘KK’) to Uralnedra (the Urals branch of the Federal Subsoil licencing agency). Further clarifications have subsequently been sought by Uralnedra, and were answered by the Company. The directors of Eurasia are confident the discussions will lead to a positive result in the near term. Sufficient mineable reserves are already in place at the Kluchiki Area for a single washplant operating at full capacity throughout the 2019 season and for the operation to be upscaled with the addition of a second wash-plant during 2019-2020. The option of using information from the 2018 and subsequent mining seasons to apply a factor to measured resource and reserve grades, thereby lifting the measured grade and contained reserves of the deposit significantly, is being discussed with Uralnedra. It is standard practice in the industry generally for mining data to supersede exploration data, especially for alluvial deposits of this nature. Further clarity on this matter will be achieved by demonstrating production data from the 2019 season, the second year of production at the mine. A video of the drilling operation at Kluchiki has been added to the Company’s Vimeo Channel at For further information please see the Company’s web page at [link]

Totally_Wired 26 Mar 2019

RNS-Historic 26 March 2019 Eurasia Mining plc (AIM:EUA) Monchetundra Update Sinosteel EPC Q1 2019 Eurasia Mining PLC, the palladium, platinum, rhodium and gold producing company, is pleased to provide an update on developments at the Monchetundra Project in the first quarter of 2019. Eurasia is developing its Monchetundra Project towards production following the issue of a mining permit for circa 2Moz (2PGE + Gold) deposit in November 2018. An Engineering, Procurement and Construction (EPC) contract, with an associated mine finance package has been signed with Chinese company Sinosteel. Discussions between the parties have been ongoing since issue of the mining permit, as the project is progressed towards the production stage. Highlights: Sinosteel advised Eurasia that it is prepared to work in close co-operation with CKE towards commencement of the EPC contract and the expected associated financing. Land Surveying to mineable detail to commence immediately. Evaluation of surrounding 'Flanks' to the deposits at Monchetundra as potential new development licenses is already underway - license applications to be made in due course. Christian Schaffalitzky, Chairman at Eurasia, added: "We are delighted to advance the Monchetundra Project. The details include not only the engineering components, but also the financing and legal documentation. We will be busy over the coming months developing our plans with Sinosteel for the mine’s start up and expected move towards production. More via link below: [link]

Totally_Wired 28 Feb 2019

In the Media Eurasia Mining‏ 2 hours ago West Kytlim Mine - Photo Update 2019 Work has begun, site clearance & tree removal in prep for the 2019 production season. #Platinum #Gold West Kytlim is the 2nd largest alluvial PGM reserve in the world with concentrate production possible from April (weather permitting) #EUA twitter

Totally_Wired 24 Feb 2019

Info EUA are one of the ‘Exhibitors’ at this years UK Investor Show (30th March 2019 London): UK Investor Show (London)

Totally_Wired 21 Feb 2019

In the Media MiningMaven Q&A: Eurasia Mining’s Christian Schaffalitzky on his firm’s ambitious plans for 2019 (EUA) MiningMaven recently caught up with Eurasia Mining’s (LSE:EUA) chairman Christian Schaffalitzky to discuss the Russia-focused exploration firm’s plans following a busy news period. Last month saw the business announce that preparatory work, including tree felling, had begun ahead of this year’s production at its West Kytlim mine in Russia’s Urals region. This is expected in April once the seasonal thaw sets in. Meanwhile, the company is also continuing to make progress at its 80pc-owned Monchetundra project in the Kola Peninsula, where first palladium, platinum, and gold production is targeted in 2021. The business received a mining licence for the project in December 2018, and can now look to advance the project through construction. Read on for more details on Schaffalitzky’s plans at its principal assets over the coming year as well as his views on the platinum market and Russia as an operational jurisdiction: MiningMaven: Can you give us an overview of your plans at West Kytlim now that operations have re-started? Christian Schaffalitzky: We are waiting for the ice to melt so we can start the washing process. If things go well, we could begin to produce in April. It depends on when the thaw kicks in because we need running water to wash the gravel. The preparatory work required ahead of mining is relatively straightforward. First of all, the site contains ‘pay gravels’ that contain ore. We can start working on clearing forest and non-ore from above these gravels because we have identified where the platinum-bearing gravels are. Forest is removed, overburden is stripped back, and this is work that can be undertaken in winter and early spring. So that’s the immediate work plan. We are actually mining sediments that are in an active river system. So, once the river is flowing, we redirect it for the section on which we are working and also the terraces on the side of the river, from earlier river systems. Those terraces are also platinum bearing, giving us several generations of sand and gravel that are potentially platinum-bearing. That is what we are looking for when we are exploring. MM: Did the company deliver its production targets last year? CS: We did, yes. We had an informal target of around 100kgs of platinum, and we produced 165kgs. So, we were delighted with our performance in spite of difficult conditions in the platinum market, where prices remained very weak as gold and palladium roared ahead. MM: On that note, do you think platinum prices are basing and are ready to move up shortly? CS: There seems to be a perception in the market that there is an excess of platinum globally, which is pushing prices down. This is because the metal is used primarily in catalytic converters in diesel engines, which are expected to suffer declining demand over the coming years. Personally, I don’t buy into the idea that this dynamic is this simple. At current prices, around 80pc of the platinum mines in the world – or at least in South Africa – are operating below breakeven. They cannot keep working on negative income. You also have to remember that many of the underground mines in South Africa are old and, as such, are not mechanised. This could ultimately cause them to close, which would also throw up serious geopolitical concerns as they employ thousands of people who cannot be fired overnight. New mines are coming, of course, but as these older mines close, it will be a big problem for supply. MM: So, with South Africa’s potential issues in mind, is the area of Russia you are based in prolific for mineralisation? CS: Yes. If we focus on the Urals, it is famous for platinum. In fact, it was the first place in the world where platinum was discovered and then worked commercially. The Russians discovered significant platinum nuggets at the beginning of the 19th Century, and work has been going on since. Over this period, 16Mozs of the metal has been worked, so it really is prolific. There are both small-scale and large-scale platinum mining operations in the river system. What you do not find in the Urals are hard rock platinum mines, which are present in South Africa. In other words, in the current environment, the only economic platinum that we see in the Urals is as alluvial deposits like our West Kytlim Project, which are also very low cost operations, relative to the South African mines. At Monchetundra the focus is on Palladium as our identified ore bodies are at least 2:1 Pdt. There are several other licences adjacent to our current permit and further afield, which we are reviewing. We believe Kola can be a really hot area on the global PGM map in years to come. MM: Moving away from the Urals, what can you tell us about developments at the Monchetundra project? There are a lot of elements in place at Monchetundra and a lot of things that we are currently doing. It is a complicated, big project, that very well may be a company maker for us. To recap, we have now completed a Russian style feasibility study to apply for a mining licence. This has now been granted and covers c.2Moz of palladium-rich mineralisation with platinum and gold as well as copper and nickel. We now have to have the mine development approved by the government, and also by ourselves. In other words, we need to get the engineers at work now, to put together the actual construction of the mine, and to make the planned detailed engineering for the mine. As part of this, we signed a contract back in 2016 with Sinosteel, a large Chinese engineering group to do an Engineering, Procurement, and Construction contract. They did an estimate at the time that said it would cost about $178m to construct the mine in roughly two years. They estimated that it could produce 130,000oz of palladium mineralisation per annum. To do the project, they would finance 85pc of the $178 million, and they would carry that loan on their books until the plant was fully operational, or commissioned and handed over. And then it goes on to Eurasia’s books. The remaining 15pc, which is roughly $24 million, is our bill- our equity contribution to the development of the mine. However, at the same time, there is a cashback element to the project whereby Sinosteel sub-contract to us to do specific preparatory work. All that part of the work is subcontracted back to Eurasia. So, what this means is that we have to come up with $24m now, but we get $50m back, we believe less than what it costs to do the work. We’ve pretty much estimated that this will actually generate positive cashflow for our development. MM: Excellent, so can you give shareholders any indication of when more information will be available? CS: Right now, we are preparing the plans for all of this work and are making sure we have the licensing schedule organised with the government, and so on. There is a lot of paperwork involved in all of the aspects of the deal, and it does take time. We have to do it right, and we are a small company, relatively speaking, and this is a massive project, so we have to get it right. We will be providing further information to the shareholders in stages over the coming months with an update due soon. Interview by Stuart Langelaan MiningMaven Q&A

Totally_Wired 07 Feb 2019

RNS-Historic 7 February 2019 Metal Tiger plc Kalahari Metals Limited - High-Resolution Geophysics Identifies Drill-Ready Targets Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited’s (“KML”) copper-silver exploration progress. Highlights -- Drill-ready targets identified through Phase-2 high resolution aerial electromagnetic (“AEM”) and helicopter-borne magnetic geophysics surveys over the Ngami Copper Project (“NCP”) and Okavango Copper Project (“OCP”) licence areas, significantly advancing the exploration potential of both projects. -- Phase-2 geophysical surveys identified high-interest targets including ‘dome style’ exploration targets, analogous to the MOD Resources Limited (“MOD”) T3 Deposit (60Mt @ 0.98% Cu & 14 g/t Ag) (initially identified in the Phase-1 AEM survey as announced on 31 October 2018). -- Layered Earth ("LE") inversion modelling of the high-resolution data has identified compelling targets for follow-up: At the NCP, three anticline fold-hinge (“dome”) targets are considered to be ready to be drill tested; and At the OCP, the marker conductors associated with potentially mineralised contacts have been mapped from the Zone 5 (100 Mt @ 1.95% Cu & 19.9 g/t Ag) and Zone5 North (17 Mt @ 2.27% Cu & 43.4 g/t Ag) deposits, both held by Cupric Canyon Capital (“Cupric”), into the OCP licences with a prominent fold closure target considered drill ready. Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: "Theincreased resolution provided by the Phase-2 Airborne Electromagnetic and Magnetic survey data combined with Layered Earth inversion modelling has provided compelling structural and lithological targets for drill-testing. We are actively reviewing KML’s proposed diamond and reverse circulation drilling targets against the strong likelihood of adding significant value to the project through drilling. KML is awaiting sign off or feedback on the Environmental Management Plan (“EMP”) shortly for the Ngami licence and further updates will be provided to shareholders in due course." We recommend that readers also refer to the below linked version of this news release which includes informative images showing the geophysical interpretations: [link] Further Details:

Totally_Wired 06 Feb 2019

Info Eurasia Mining beginning to build scale in platinum group metals portfolio, helped by track record of competence in Russia 08:52 05 Feb 2019 Eurasia has huge upside at the US$2bn Monchetundra project and is supported by cash flow from West Kytlim What Eurasia Mining does Eurasia Mining plc (LON:EAU) is one of the AIM market’s longest-standing mining constituents. In recent years the company has made a speciality of moving precious metals assets in Russia up the value chain, from the exploration stage, through a process of economic assessment and into production. What Eurasia Mining owns Eurasia is currently in production at its West Kytlim platinum and gold mine in the Ural mountains. This operation is being run on Eurasia’s behalf by a contractor, with a 65/35% revenue split in favour of the contractor. Eurasia also owns the Monchetundra platinum and palladium deposit on the Kola peninsula in north European Russia, which boasts a resource of two million ounces, and which is currently the subject of economic studies. The in-situ value of the metal is estimated at over US$2bn. The third significant asset owned by the company is the Semenovsky gold tailings project, which contains three million tonnes of sand grading 1.2 grams per tonne gold. Inflection points The West Kytlim project is currently gearing up for the 2019 production programme, once the winter thaw gets underway. In 2018 the Russian operators produced 165 kilogrammes of raw platinum from the project, exceeding expectations by 65%, so there is now a good track record of competence being established at the project. At Mochetundra, the mining license is now in place, as is an engineering, procurement and construction contract with a major Chinese contractor. The next logical step is to commence production. Chief executive Christian Schaffalitzsky strikes a positive note "We are pleased to be working again with the team that proved so effective during 2018,” Schaffalitzsky said after the programme of works for West Kytlim was announced in January 2019. “They were a very efficient operator last year, with a zero accident record, and financially motivated to develop the asset in a sensible manner. Furthermore, we are looking at ways to improve metal recoveries, based on the measured efficiency of the existing process flowsheet.” And at Montechundra he’s equally upbeat: “Again we wish to thank the officials involved in moving the license documentation along so soon after the final decree from Prime Minister Medvedev. We look forward to advancing the project through construction now that the final permits are entirely in place.” [link]

Totally_Wired 28 Jan 2019

RNS-Historic 28 January 2019 West Kytlim Production 2019 The Company is pleased to update shareholders on the West Kytlim platinum, palladium, rhodium, iridium and gold mine, and the plans for the coming year. A contract for the 2019 season has now been agreed between Eurasia’s subsidiary Kosvinsky Kamen (‘KK’) and Uralmetmash (formerly Techstroy) to carry out mining of PGM and gold at the West Kytlim mine. Work is expected to commence on site immediately, with first concentrate production expected in April, as and when running water becomes available Work to continue initially at the Kluchiki area, where work finished on schedule in November 2018 Platinum revenues to be split on a 65%/35% basis, in favour of the contractor Refinery contract between KK and the Urals precious metal refinery also renegotiated to include an extra percent payment on London Metal Exchange ('LME') Platinum prices (now at 98% LME, from 97% in 2018) The Directors of Techstroy, the contractor employed at the West Kytlim mine for the 2018 season who achieved production well in excess of target (a total of 165kg raw platinum against a targeted 100kg), have now registered a new company, Uralmetmash, as a special purpose vehicle to focus on the West Kytlim Project. The roles and responsibilities of each of the parties shall remain largely as before, with Uralmetmash responsible for pit development, mining, ore trucking, washing and disintegration - while KK remain responsible for concentrate upgrade, shipment of mine product and distribution of metal sales revenues. Commenting on this agreement, Executive Chairman Christian Schaffalitzky said: “We are pleased to be working again with the team that proved so effective during 2018. They were a very efficient operator last year, with a zero accident record, and financially motivated to develop the asset in a sensible manner. Furthermore, we are looking at ways to improve metal recoveries, based on the measured efficiency of the existing process flowsheet. We look forward to updating shareholders on progress and also our longer term development strategy for the West Kytlim reserves and resources before the season commences.” Further details: Uralmetmash intend to move on site immediately to prepare for mining, to include stripping of overburden and stockpiling of ore in preparation for washing, which can commence once the seasonal thaw is underway. The thaw can be expected sometime in April 2019. Further state approved reserves are present elsewhere at Kluchiki and the Company awaits formal approval of a refreshed reserve assessment for this area, which was submitted on completion of a drilling program in 2017/8 (see announcement dated 25 October 2018). A second washplant can be commissioned on approval of this reserve calculation. Eurasia and KK personnel continue to work on an enlarged exploration program for the West Kytlim Project, to include the recently approved Flanks exploration license and ensure adequate reserves available for future mining seasons. Work on analysis of the previous mining seasons performance has commenced and a sampling program has been outlined for the tailings of the 2018 season. This information will input to proposed modifications to the current circuit, with the possible addition of a jig to recover finer raw platinum fractions. The addition of a hopper to better control the loading of gravels to the front of the circuit, and achieve a more constant flow of material into the trommel, is also expected to improve recovery during the 2019 season. [link]