KOLA BATTERY METALS AND PGM
First mover advantage in Kola Battery Metals and PGMComplex of deposits in an established mining jurisdiction with Ideal infrastructure Delivering pipeline of projects through partnership with Rosgeo
MONCHETUNDRA
Monchetundra is a fully permitted nickel and palladium driven complex of open pit deposits being developed towards production adjacent to Severonickel, the world’s largest nickel-copper-PGM processing plant.
The Monchetundra Flanks license contains extensions to the ore bodies identified within the Monchetundra license.
A binding agreement signed with Russian state company Rosgeo includes a further 9 projects (MRE table below) in the immediate vicinity of Severonickel and its infrastructure
PROJECT HIGHLIGHTS
Flagship open pit Nickel-Copper-PGM mine
Initial development focused on fully licenced and funded, 1.7Mtpa open pit mine at two deposits Loipishnune and West Nittis
Nickel and Palladium dominate mine revenues - 1Moz Pd eq production target with AISC in 1Q of the cost curve
Rosgeo Binding Agreement
The Rosgeo Binding Agreement has the potential to be transformational for the Company in developing a new global centre for Battery Metals and PGM production.
Eurasia is working with Rosgeo, to gain a 75% equity stake in nine battery metals and PGM assets in the immediate vicinity of the Severonickel plant and the Company’s Monchetundra Project
The projects are comprised of:
• Four Nickel-Copper-Cobalt-PGM open pit deposits, with feasibility studies and reserves approved by the Russian State Committee of Reserves (GKZ).
• A further five predominantly open pit Nickel-Copper-Cobalt-PGM assets having passed Eurasia’s due diligence which can be developed within the JV structure, at Eurasia’s option.
COMBINED RESERVES & RESOURCES BY METAL - MONCHETUNDRA, ROSGEO AGREEMENT PROJECTS AND NKT
| Metals | Reserves*, Contained Metal, tonnes | Resources**, Contained Metal, tonnes |
|---|---|---|
| Copper | 292,714 | 1,807,049 |
| Nickel*** | 388,485 | 1,858,875 |
| Cobalt | 13,947 | 114,925 |
| Palladium**** | 148 | 1,080 |
| Platinum***** | 46 | 276 |
| Silver | 68 | 394 |
| Gold | 8 | 76 |
Sources: Russian Feasibility Studies, Reserves & Resources Reports, Rosgeo, Norilsk Nickel
* Reserves include B, C1 and C2 categories under the Russian classification
** Resources include P1 and P2 categories under the Russian classification and do not include P3
*** The cut-off grade is in the range of 0.3% - 0.5%
**** The cut-off grade is in the range of 0.5 to 4 g/t
***** The total of reserves and resources in the table above is 184.6Moz of Platinum equivalent