MONCHETUNDRA PROJECT - KOLA PENINSULA
Monchetundra is a fully permitted palladium driven complex of open pit deposits being developed towards production adjacent the mining town of Monchegorsk. An EPC contract and finance package is in place with Chinese Group Sinosteel. The production license is valid to 2038.
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Project Highlights

Reserves + Resources
2 million ounces 2 PGE + Au
(Palladium and Platinum)
State approved reserve and resource.
Permitted for mining
Polymetallic deposit with substantial by products
Copper – 28,124 tonnes,
Nickel – 30,410 tonnes,
EPC contract agreed with Sino Steel
EPC Finance : 85% 10 year facility at 6m LIBOR+3.5%

PROJECT HISTORY; DISCOVERY TO RESERVES APPROVAL

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2006

Acquired three licences from Local vendors

2007

JV with Anglo Platinum

2008

Monchetundra identified as the stand out target

2011

West nittis Discovery

2014

Eurasia doubled its interest by buying out Anglo

2016

Feasibility study for two open pits at West Nittis and Loipishnune

2017/2018

Reserves approved and Mining License issued

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