8th Feb 2022 15:18
Eurasia Mining PLC - Russia-focused mining and mineral exploration company - Estimates it has 292,714 tonnes of copper reserves and 1.8 million tons of copper resources.
Its nickel reserves total 388,485 tonnes and its resources 1.9 million tonnes.
Says it has 13,947 tonnes of cobalt reserves and 114,925 tonnes of resources of cobalt.
Continues that it has 148 tonnes of palladium reserves and 1,080 tonnes of resources.
Furthermore, the company has 8.0 tonnes and 76 tonnes in gold reserves and resources and 46 tonnes and 276 tonnes in platinum reserves and resources, respectively.
Says silver reserves amount to roughly 68 tonnes and resources to around 394 tonnes.
States that it is also making good progress on the potential sale of its nickel-copper-platinum group metals assets that was announced on October 28.
"The directors are pleased to update shareholders on our reserves and resources, as we continue to make good progress further to the announcement in relation to the potential sale for which a separate update will be provided."
Current stock price: 21.90 pence, up 6.9% on Wednesday
12-month change: down 21%
By Abby Amoakuh; [email protected]
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