Eurasia Mining
Eurasia Mining Plc is a minerals development company, listed on the Alternative Investment Market (AIM), currently operating in Russia. Eurasia's stated objective is to explore for platinum group of metals (PGMs) and gold on self-generated exploration targets and fund through joint venture partnerships with strategic operators and local partners. At present the company has two principal areas of operation in Russia, the Kola Peninsula and the Urals. Both are targets for PGM mineralization. In the Urals at West Kytlim, an alluvial platinum project is completing a bankable feasibility study and following successful permitting, going straight to mining. This is possible due to the low level of capital required for this type of operation and the suitability to scale up production in stages, funded from cash-flow. In Kola, the area consists of two exploration licences where good platinum and PGM grades have been obtained within bedrock targets. In 2008, both projects are being funded by Anglo Platinum in joint venture, earning a 40% interest in Kola by completing expenditure of $10 million and at West Kytlim, earning 50% by completing the bankable feasibility study. In addition to these PGM projects, work continues on targeting the acquisition of more advanced gold projects in Russia.
Wednesday, August 20, 2008
Luncroft Holdings takes 7% of Eurasia Mining
Eurasia Mining - Luncroft Holdings acquire 7% Eurasia Mining (AIM: EUA) informed the markets that Luncroft Holdings have acquired 10,140,300 shares in the company giving them 7.19% of the company's equity.
Eurasia is focused on precious metal exploration and development in Russia. The company has a number of early stage platimum exploration licences in the Kola Peninsula in western Russia, plus alluvial platinum projects in the Urals.
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Other Eurasia Mining articles
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26/06/08 Eurasia Mining makes understated progress
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06/06/07 Eurasia Mining: Revisited
Other Eurasia Mining news
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15/10/08 Eurasia Mining directors pile in
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08/10/08 Eurasia Mining awarded extension to West Kytlim licence
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29/09/08 Eurasia Mining interims and interview
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09/07/08 Eurasia Mining CEO increases stake by 50%
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17/06/08 Eurasia Mining appoints Dmitry Suschov to board
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28/05/08 Eurasia Mining secures Russian investor
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03/04/08 Eurasia finds possible open pit platinum resource
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27/09/07 Eurasia Mining steps up drilling campaign
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08/08/07 Eurasia Mining discovers more PGMs at Kola jv with Anglo Platinum
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29/06/07 Eurasia Finals - reduced losses for Russia