Eurasia Mining focuses on platinum group metals (PGM) and gold exploration. It aims to achieve this both through self-funded exploration targets and joint venture partnerships with strategic operators and local partners.
After an initial evaluation for viability, Eurasia will carry out further exploration on a project to carry it to feasibility study level. It will then develop the site to production or partner with a suitable operator.
Eurasia is currently focusing on several advanced exploration projects in Russia. This includes an 80pc position in the Monchetundra project, which is located 130km south of Murmansk on the Kola Peninsula. It contains state-approved reserves and resources of c.2Moz palladium equivalent with significant copper and nickel credits. A mining licence for the project was passed in November 2018 and production is planned from 2020.
Eurasia also holds a 68pc interest in West Kytlim, the world’s second largest alluvial platinum mine. The seasonal mine contains 2,283kg of raw platinum reserves with an additional 10ts of the metal sitting in resources potential.
Finally, the company owns a stake in Semenovsky, a gold and silver tailings opportunity with approved feasibility.