Eurasia is currently focused on developing platinum, palladium and gold deposits capable of delivering value to its shareholders.

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Board of Directors and Senior Management

Christian Schaffalitzky, EurGeol, FIMMM, PGeo, CEng. With over 35 years experience in minerals exploration working for companies and also as founder and principal of the geological consultancy CSA, Christian Schaffalitzky co-established Ivernia West PLC, where he led the exploration, discovery and development of the Lisheen zinc deposit in Ireland. Currently he is active in precious and base metals minerals exploration and development in Russia and the former Soviet Union. He is also chairman of Kibo Mining plc.

Gary FitzGerald is a Non-executive Director. He was previously a Director of Framlington Investment Management Limited and has over 30 years experience in investment management. He has diverse experience of emerging markets including the launch of the first fund for investing in Russia in the early 1990’s.

Michael Martineau, MA, D.Phil, FIMMM, is Non-Executive Chairman. Following a First Class Honours degree and a Doctorate in Geology from Oxford University, he has had 40 years experience in the mining and minerals industry. He was in charge of global exploration for BP Minerals International later becoming Exploration Director of its Australian listed subsidiary, Seltrust. In 1987, he joined Cluff Resources PLC, as Director Minerals and Managing Director of Cluff Mineral Exploration Limited. In 1989 he co-founded Samax Resources, which listed on the Toronto Stock Exchange in 1996 and which was acquired by Ashanti Goldfields in 1998. He has been an independent director of several public companies including Ashanti Goldfields and Golden Star Resources and is currently an independent director of First Quantum Mining.

Dmitry Suschov is a Non-executive Director. He is currently a director of Deloan Investments Limited and the following Russian and Ukrainian companies: Daltekhgas (Open Joint Stock Company), Kiev Oxygen Works (Closed Joint Stock Company), and Pivdentekhgas (Open Joint Stock Company). He has also been a director of NH Capital Limited, Dutch Noble House Limited and Noble House Kazakhstan Limited. He is an Investment Banker with extensive experience in the Russian resources industry and has previously worked with IG Capital (former Lukoil- Reserve-Invest), MDM Bank, PricewaterhouseCoopers and Ernst & Young as mining & metals leader in corporate finance for Russia and CIS.

Michael de Villiers, B Comm., PA (SA) is the Chief Financial Officer. Mr de Villiers qualified as a professional accountant with Ernst & Young in Cape Town and gained some fourteen years experience as financial manager at various mining and chemical operation in Namibia, Botswana, South Africa, Ghana and Bulgaria before moving to London in 1999 to become the finance director of Navan Mining Plc and then Oxus Mining Plc. He is also chairman of Ariana Resources plc.

William Anderson, M Sc, B Sc, FAus IMM is Exploration Manager. During over 20 years with WMC Resources, he rose from chief geologist at Hill 50 Gold Mines and the Emperor Gold Mines in Fiji to occupy the post of general manager at Emperor and subsequently general manager at Kalgoorlie Gold Operations and Kambalda Nickel Mines, in Western Australia and finally chief executive-Brazil. He joined the company in 1997, and has since had responsibility for the development of its platinum group metals projects in Russia.

Statement of Directors' responsibilities

The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare financial statements in accordance with UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to:

  • select suitable accounting policies and then apply them consistently
  • make judgments and estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Directors are aware:

  • there is no relevant audit information of which the Company's Auditors are unaware; and
  • the Directors have taken all steps that they ought to have taken as Directors to make themselves aware of any relevant audit information and to establish that the Auditors are aware of that information.

The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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