Eurasia Mining PLC (AIM:EUA) provided a reserves and resources breakdown by metals for the Monchetundra project (Loipishnune and West Nittis deposits), the NKT area, and the projects included in a joint venture with Russian state-owned company Rosgeo.
The reserves and resources were stated under the Russian classification. JORC-compliant reserves and resources, further to those already announced for part of the NKT deposit, will be announced separately, the AIM-traded company said.
The reserves breakdown included 388,485 tonnes of contained nickel, 292,714 tonnes of copper, 13,947 tonnes of cobalt, and 148 tonnes of palladium at a cut-off grade of 0.5 to 4.0 grammes a tonne.
Last March, Eurasia agreed to create a new joint venture with Rosgeo.
READ: Eurasia Mining boosts Russian footprint with new joint venture
The resources breakdown included 1.86mln tonnes of contained nickel, 1.81mln tonnes of copper, and 114,925 tonnes of cobalt as well as providing figures for palladium, platinum, silver and gold.
The total of reserves and resources announced were 184.6 million ounces of platinum equivalent.
"The directors are pleased to update shareholders on our reserves and resources,” said executive chairman Christian Schaffalitzky, adding that the company has continued to make good progress regarding a previously announced potential asset sale and that a separate update will be made.