ACF Equity Research - Eurasia Mining PLC (EUA) Eurasia Mining Plc Research Flash Note ACF 17092021

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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 which is either subject to the production of JORC reports or the production of metals.

17/09/2021 5 EN

Underlying

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.

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GB0003230421 London Stock Exchange United Kingdom

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ACF Equity Research

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

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Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining Plc Flash Note ACF Equity Research FINAL 20122021

Eurasia Mining Plc Research Update ACF 06092021

Itaconix Plc Core Investment Case 01052024

Ciel Limited (CIEL) Finance Cluster 08042024

Ionic Rare Earths (IXR) Post-Results 1H24 21032024

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