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 per 12th May 21 RNS (global investment bank UBS and lawyers DLA Piper). Management team strengthened. 0% discount raises with top tier institutions – cash $23m, zero debt. ESG internal disciplines increase EVA.
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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