Eurasia Mining PLC

Eurasia Mining is engaged in mineral exploration for platinum group metals, gold and other minerals. Co. has mining licences for a platinum mine at West Kytlim area in the Central Urals region in Russia and Monchetundra Platinum Group Minerals, Nickel and Copper project on the Kola Peninsula in Russia.
  • TickerEUA
  • ISINGB0003230421
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We currently expect production to start at WN + Lo in 2023 and peak production to start in 2028, all of w...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing asset West Kytlim. We continue to exclude iridium and rhodium assets and the Rosgeo JV from our DCF bu...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed mining plan in the next few weeks. CKE clients include Norilsk, Anglo American Platinum and Barrick....

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals following Rosgeo JV. Rosgeo values the JV metal-in-situ at $100bn. Top tier advisers working on deal as...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update Valuation Research ACF 14052021.pdf

Eurasia Mining (EUA.L) is an AiM-quoted Russian Pd dominated PGM miner. In this first post-FSP update valuation we are yet to include the March Rosgeo JV and Rhodium (Rh) production from all but West Kytlim or Iridium (Ir) in EUA projects. Our PGM prices are extremely conservative in this update. We assume Pt 93.5%, Pd 5% and Rh 1.5% production at WK. We assess the Pd auto-catalysis market can support $500 per car vs. $250 per car pre-covid. The largest Pd consumer, China, returned to economic growth in 2Q20. EUA has de-risked its flagship world class Monchetundra asset, the sale of which alon...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We currently expect production to start at WN + Lo in 2023 and peak production to start in 2028, all of w...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing asset West Kytlim. We continue to exclude iridium and rhodium assets and the Rosgeo JV from our DCF bu...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed mining plan in the next few weeks. CKE clients include Norilsk, Anglo American Platinum and Barrick....

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals following Rosgeo JV. Rosgeo values the JV metal-in-situ at $100bn. Top tier advisers working on deal as...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update Valuation Research ACF 14052021.pdf

Eurasia Mining (EUA.L) is an AiM-quoted Russian Pd dominated PGM miner. In this first post-FSP update valuation we are yet to include the March Rosgeo JV and Rhodium (Rh) production from all but West Kytlim or Iridium (Ir) in EUA projects. Our PGM prices are extremely conservative in this update. We assume Pt 93.5%, Pd 5% and Rh 1.5% production at WK. We assess the Pd auto-catalysis market can support $500 per car vs. $250 per car pre-covid. The largest Pd consumer, China, returned to economic growth in 2Q20. EUA has de-risked its flagship world class Monchetundra asset, the sale of which alon...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We currently expect production to start at WN + Lo in 2023 and peak production to start in 2028, all of w...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing asset West Kytlim. We continue to exclude iridium and rhodium assets and the Rosgeo JV from our DCF bu...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed mining plan in the next few weeks. CKE clients include Norilsk, Anglo American Platinum and Barrick....

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals following Rosgeo JV. Rosgeo values the JV metal-in-situ at $100bn. Top tier advisers working on deal as...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update Valuation Research ACF 14052021.pdf

Eurasia Mining (EUA.L) is an AiM-quoted Russian Pd dominated PGM miner. In this first post-FSP update valuation we are yet to include the March Rosgeo JV and Rhodium (Rh) production from all but West Kytlim or Iridium (Ir) in EUA projects. Our PGM prices are extremely conservative in this update. We assume Pt 93.5%, Pd 5% and Rh 1.5% production at WK. We assess the Pd auto-catalysis market can support $500 per car vs. $250 per car pre-covid. The largest Pd consumer, China, returned to economic growth in 2Q20. EUA has de-risked its flagship world class Monchetundra asset, the sale of which alon...

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