78 Kola PGM Project Pt Platinum - proactiveinvestors.co.uk · џ Average 2015 All-in costs amount to $1,534 Pt eq.oz ... Miner/Commodities trader Glencore closed Eland Mine (SA) in

Reserve drilling at Kola PGM Project

Sor�ng Pla�num nuggets at West Kytlim Pla�num and Gold Mine

Drilling in 2016 at Semenovsky Gold Tailings Project

Pt78

Platinum195.08

Au79

Gold196.97

Pd46

Palladium106.42

May 2017

This document, either presented in person or offered as independent reading material, (the “Presentation”), and the information contained herein ,does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in Eurasia Mining PLC (“The company”), nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever .The Presentation does not purport to contain all information that a prospective investor may require and it may be subject to updating, revision and further amendments..

This Presentation does not constitute a recommendation regarding the shares of the Company. No part of the contents of this presentation is to be taken as any form of commitment on the part of the company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the company be responsible for any costs losses or expenses incurred in connection with any appraisal or investigation of the company. In furnishing this presentation, the company does not undertake or agree to any obligation to provide the recipient with access to any additional or to update this Presentation or to correct any inaccuracies in , or omissions from this presentation that may become apparent.

This Presentation has been prepared by and is the sole responsibility of the Company although reasonable care has been taken to ensure that the facts stated in the presentation and in this document are accurate to the best of the directors knowledge, information and belief and that the opinions expressed are fair and reasonable. No reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by the Company (or by any of their respective directors, officers, employees, agents or advisers (as the case may be)) as to the accuracy of the information or opinions contained in, or as to the completeness of this document. Prospective investors are encouraged to obtain separate and independent verification of information and opinions contained herein as part of their own due diligence.

This document is made available only on request to recipients whom the Company believe on reasonable grounds are persons falling within sections 19(5)(3), 48(2) and 50 of the financial Services and Markets Act 2000 (Financial Promotion) order 2001. By attending this Presentation the recipient represents and warrants that they are a person who falls within the above description of persons entitled to attend the Presentation. The content of this presentation is not to be disclosed to any other person or used for any other purpose. Any investment or investment activity to which this proposal relates is available only to such persons and will be engaged in only with such persons. Persons who do not have professional experience in matters relating to investments should not rely on this document. The figures included are illustrative projections and are based on a number of assumption and no figures should be regarded as a profit forecast.

By accepting this document, the Recipient agrees to keep permanently confide ntial the information contained herein or sent herewith or made available in connection with further enquiries. It is a condition of the issue of this document that it will not be reproduced, copied or circulated to any third party without the express prior consent of the Directors of the Company.

The distribution of this document in certain jurisdictions may be restricted by law and therefore any person into whose possession this document comes should inform itself about and observe any such restriction. This document is not for distribution outside United Kingdom and, in particular, it or any copy of it should not be distributed by any means ( including electronic transmission) either to persons with addresses in Canada, Australia, Japan or the Republic of Ireland, or to persons with an address in the United States , its territories or possessions or to any citizens thereof, or to any corporation, partnership or other entity created or organized under the laws thereof. Any such distribution could result in a violation of Canadian, Australian, Japanese, Irish, or United States law.

This Presentation has not been approved by an authorised person in accordance with Section 21 of the FSMA and therefore it is only being made to person falling within an exemption to Section 21 of the FSMA. No prospectus has been registered in the United Kingdom and no offer is being made in the United Kingdom which would require a prospectus to have been registered in the United Kingdom under the Public Offer of Securities Regulations 1995.

Disclaimer and confidentiality

Corporate Strategy

• 20 years on the AIM market (EUA.L) focussed on Platinum Group Metals (PGMs) and Gold

• 4 PGM discoveries in Russia – 2 in the Urals (one of which is West Kytlim) and 2 in Kola (one of which is Monchetundra)

• Alluvial mining and tailings reprocessing are proven routes to success for junior explorers/miners

Focus on Russia - Russian teams

with knowledge of Russian system

ў West Kytlim Platinum Mine developed through 2016, reopened April 2017

ў Monchetundra Maiden Reserve - GKZ Approval March 2017, E.P.C contract in place

ў Metallurgy Study complete at Semenovsky Gold Tailings Project- Under negotiation

Portfolio or pipeline of projects at various

stages of development

Make discoveries / Develop exploration

targets to production, sale or JV

Eurasia Mining Plc May 2017 3 | |

Projects Overview

Yekaterinburg

Moscow

Barents Sea

R u s s i aPRODUCTION : 21Km : 75%

• Trial mining 2016 - first full season 2017

• Contract Mining with 70/30 split of gross revenue

DEVELOPMENT : 1.5Km : 33/67%

DEVELOPMENT 36Km : 80%

џ EPC contract with Sinosteel now in place

• Approval of C1/C2 Reserve > > Discovery Cert Application mid 2017

2

2

2


• Near term production potential, modest capital and opex consideration

• EUA Study proves concept - Under negotiation

Monchetundra Platinum Group Minerals

West Kytlim Alluvial Platinum & Gold

Semenovsky tailings Gold & Silver

Demand

• Robust or steady forecasts in all demand sectors for 2017 BullionVault launched Platinum platform Q1 2017

• EV’s predicted to be only 1-2% of global sales by 2020

• Euro 6 (EU Emissions legislation) being rolled out in Europe and in India. Diesel still 49% of Euro car market

џ Diesel bashing unfounded - 11% of Nox in London generated from diesel engines, gasoline cars generate 7%

Market outlook for Platinum


Supply

џ Recent price softness despite strong fundamentals and under-supply - 4 years of deficits (average 5%)

џ Above ground stocks now < 2 moz, from 4 moz in 2012

џ 120k oz deficit forecast for 2017, and to 2020

џ Supply from SA continues to show more downside risk than upside potential

џ 80% reduction in SA miner capital expenditure - slow turn aroundAutomotive Jewellery Industrial

Chemical Investment

35%

41%

13%

7%4%

2016 Demand

8,235 koz

1% YoY(2015-16)

2017 forecast flat

2017 forecast 1%

Source : SFA Oxford/ World Platinum Investment Council, Mar ‘17

2009 2010 2011 2012 2013 2014 2015 2016 2017f 2018f

800

600

400

200

0

-200

-400

-600

-800

koz

2011: $1,720/oz 2016: $1,000/oz

Platinum Market Balance (000 oz)

Above ground stocks

Light duty emissions control legislative roadmap

Europe

North American EPA

North American CARB

Japan

South Korea (Gasonline)

South Korea (Diesel)

China (Beijing)

China (Nationwide)

India

Indonesia

Thailand

џ Autocatalysts represent 41% and 76% of platinum and Palladium demand

џ Ongoing global rollout of ever tighter emissions control legislation for Co2 / NOX / Particulate emissions

џ 3-7 grams Platinum per car - Autocat demand is inelastic

Emissions control legislative roadmap - significant growth driver


2015 average Pt price $1052,91/oz

Market outlook for PGM


џ ll-in cost curve shows that 80% of platinum producers are unprofitableA

џ Average 2015 All -in costs amount to $1,534 Pt eq.oz

џ Polymetal investing in Open Pittable PGM Projects - Viksha in Karelia - 9m Pd eq.oz

џ Russian producers have lower cash costs, Miner/Commodities trader Glencore closed Eland Mine (SA) in 2015 citing falling prices and more difficult operating conditions

2015 Global Platinum Equivalent All-in Cost Curve

Projects Overview - West Kytlim

Yekaterinburg

Moscow

Barents Sea


• Trial Mining 2016 - First full season in 2017 now underway





• Approval of C1/C2 Reserve > > Discovery Cert Application end 2017

2

2

2








10/70 draglines remain an option -1.7m tonne pa

Pt

Stockpile

Pt

Excavator FeedsWashplant

Washplant of2 vibroscreensdriven by electric motorsDisintegration ofgravels, water jets inside

Pump

Sluice Concentration

Pt

Water Pipeline

Process Water Pond

Sluice ConcentrateCollected Twice a Day

Oversize Tailings

Process WaterRuns off SluiceBack to Pond

2 WASHPLANT & SLUICING

Process WaterFeeds Washplant

Pt

Excavation of Productive Sediments

Trucking to WashplantStockpiling

MINING

Supplementary Bulldozer Works

1

Pt

Sluice Concentrate

PtPt

20gal drums forbetter handling

Pt Pt Pt

Vibroscreen- 6mm

Shaking Table-6mm concentrate

Table TailingsDumped

Table Middlingsstockpiled for

reconcentration

PtPt

+6mm OversizeManual Check for

Nuggets

Pt

Pt

Manual Sievingto -2mm

Pt

-6 +2mmtable concentrate toreconcentration

Pt

Cleaner TableTo Saleable Quality

Pt

DryingCleaner tailings toreconcentration

Weighing

Pt

Packing To Refinery

Pt

CLEANING TO SALEABLE3

Diesel fleet and washplant at Malaya Sosnovka

Contract Mining at West Kytlim - Negotiated Jan 2017

Owner: EUA / KK 30%

џ Capital expansion including up to 4 washplants by year 5

џ All operating costs, fuel, electricity, wages etc.

џ Provision of interest free loan to KK covering all exploration costs circa $1,000,000

џ Mining operations including stripping and tailings management

џ Site management, ecology, security and staff amenities


SKRS REMIT:

Contractor SK ‘Region Metal’ 70%Gross Revenue split

EUA REMIT:

џ Reserves and exploration management/ reporting

џ Recovery of metal at Washplants

џ Refining cost and distribution of income

Revenue sharing Pros:џ De-risk construction and start-upџ Remove need for project finance and loan servicingџ Income at all scales of operationџ Control of sale of product and a healthy balance sheetџ Retain ownership of licence џ Contractor strongly motivated to mine efficiently

џ May not benefit from cost saving measuresџ Loss of some control on operations

Revenue sharing Cons:

Other Highlightsџ Eurasia retains 55-90% of profits in the first 3 years of productionџ 30% of profits when project is in full productionџ Eurasia reports 100% of revenue to its balance sheetџ Eurasia also claims VAT payments for 100% of the operations and split 60/40

• First concentrates shipped August 2016

џ Camp now operational, gravel washing in early May - weather permitting

џ Resource upgrade exploration work in parallel with mining operation

3џ 2017 production of 338,000m gravel for 3,500 oz Pt

Approved Reserves

Р Resources

0 1km

N

Malaya SosnovkaArea

(100kg Pt Reserve)Bolshaya

Sosnovka

Omutoshnaya

Tylai

Levy

420

420

430

410

415

425

430

410

425

415

435

440

430

435

425

420

r. Tylai

Basecamp

Z =443,5гребняZ =443,5гребняZ =443,5гребня

442,5442,5442,5

442,5442,5442,5

1

2

4

5

3

Tailings Dam

Process water pond

Washplant site

Reserves Blocks

N

0 100m

Mine layout - Malaya Sosnovka Area - 2017

Proposed Mine Schedule - Ramp up to 4 washplants in 2020

2022 2023 . . . . . . . . 2028 20182017 2019 20212020

Malaya Sosnovka

Kluchiki

Ust Tylai

Bolshaya Sosnovka

Omutoshnaya

Tylai Levy

Ust Tylai Right Bank

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4

Total Raw Platinum

Mining operations

Resource drilling - Upgrade of Resources to Reserves

Infill Reserves Drilling - Upgrade to C2 to C1 Category

Developed 2026 -2028


avg LOM 340kg pa (12,000oz)

Developed 2026 -2028

2017 circa 105kg

(3,700oz)

Projects Overview - Monchetundra

Yekaterinburg

Moscow

Barents Sea


• Mining underway at Malaya Sosnovka Area - June 2016




џ EPC contract with Sinosteel now in placeџ Approval of Reserves > Discovery Cert Application mid 2017џ GKZ Approval April - Rosnedra approval expected

2

2

2







џ 1937-1971 - 160,000t Ni Produced, 81,000t Cu, 7.7t of Pt+Pd

• Possible new major resource for PGM’s in Russia

• Excellent infrastrucure, skilled personnel and refinery options

PK

KandalakshaЃ

Monchegorsk

Murmansk

K a r e l i aK A N

DA L A

K S HA B A

Y

Apatity

Barents Sea

Norway

Finland

Upper Proterozoic layered mafic intrusions

Archaean greenstone belts

Yekaterinburg

Moscow

Barents Sea

R u s s i a

Kola Peninsula

Monchetundra Project

Monchetundra PGM Project - Kola Peninsula

• Maiden Reserve filed Dec 16 - Discovery Certificate application Q2 2017

• EPC Contract covering $176m plant build in place with Sinosteel Equipment and Engineering Company

џ $50m sub-contract assigned to local subsidiary TGK to cover pre-strip

џ 2 open pit targets recovering Pt, Pd, Au, Cu, Ni and Co

џ Discussions ongoing with interested parties to manage mine operation - post EPC


0 25 50km

Maiden Reserve and Discovery Certificate application

PK

KandalakshaЃ

Monchegorsk

Murmansk

K a r e l i aK A N

DA L A

K S HA B A

Y

Apatity

Barents Sea

Finland

0 1 2km

West Nittis Open Pit

Loipishnune Open Pit

Monchepluton massif

Monchetundra massif

џ TEO (pre-feasibility document) and Reserves Report approved by GKZ

џ C1-C2 Reserves at two open pits - West Nittis and Loipishnune

џ Discovery Certificate application on approval of TEO and Reserves Report

NKT massif

None

License

OpCoSINOSTEEL

Tt TETRATECH

Equity Sponsor

EPC Contract

OperationsContract

RefiningContract

Possible route to development


Mine operator

Harajavalta

Monchegorsk

Projects Overview - Semenovsky Tailings Project

Yekaterinburg

Moscow

Barents Sea


• Mining underway at Malaya Sosnovka Area - June 2016





• Approval of C1/C2 Reserve > > Discovery Cert Application end 2017

2

2

2







Semenovsky Tailings Project - Overview

Background picture taken at site in mid 2016

Why are tailings projects attractive ?

џ No geological risks (Resource risk)

џ Shorter lead time to production (no exploration)

џ No mining costs - and the material is already homogenised

џ More straightforward licensing and reporting requirements

џ Keep it simple - low tech means lower CAPEX

џ successful examples throughout Australia and US eg Kalgoorlie and Mount Morgan

Summary economics (revised Dec 2016 (internal calculation)

Life of Mine 8.5 years

C2 state Reserves 3.5t Gold, 43t Silver

Project CAPEX $3-5m

Processing route Agitated cyanide vat leaching

IRR 54% Cash Costs 400-450 USD/oz NPV $15m (at 10%)


Resource estimation:

• 1964-1965 - 98 drill holes to 2.5m (then total depth), average 1.64 g/t Gold.

• Further exploration in 1988 by UralZoloto; - Average thickness then 5.6m, grading 1.2 g/t Au and ~ 20g/t Ag, Rock mass – 2.5Mt

џ Established a Resource of 3,206kg Au and 43.2t Ag.

Semenovsky Tailings Project - Resource and Metallurgy

Eurasia Mining Plc | | 20May 2017

Base Case Scenario - ‘low tech’ cyanide leach circuit with no grinding

Alternative scenarios - Fine Grinding, Sparging, Pre Treatment, De-sliming

Metallurgical testwork

• EUA/MTR drill program early 2016. Assays confirm grades

• 2014 sampling – 5 core samples to base of dam. Average 50% recoveries without grinding. џ Surface sampling in 2006 - Cyanide leach after grinding will recover 61%

Semenovsky village pop. 200

Available for next generation of tailings

N

Proposed new plant location

3 million tons sands in reserve

10kv power line in the village and a further 35kv passing at 5km

100m 500m0

Semenovsky Tailings Dam - Infrastructure

Eurasia Mining Plc May 2017 21 | |Eurasia drilling 2016

NaCN

Filter press

Agitated columns

Slurry from dam

Wandering column array

Oxygen/ Air pump

Waste to dam

Ship to Kyshtym Copper Gold Plant, Chelyabinsk Oblast, 270km North.12-13kg gold when loaded - grading 20-30kg/t

Gekko resin column modular plant - 50,000oz gold per annum

CyanideReturn

Simplified Process Flow - Tank leach : Filter Press : Resin Columns

Loaded resin

to smelter

• Preference is for less capital intensive projects generating cash flow in the near term

l Mining at West Kytlim underpins the company avoiding constant dilution

• Contract mining at West Kytlim for a 70/30 split of gross revenue is an excellent solution for Eurasia

• Novel route to production being pursued at Kola Project. EPC contract combined with a royalty like structure a’ la West Kytlim

џ Company should be valued based on a composite of West Kytlim (NPV/ IRR) and Monchetundra (Reserves in ground)

• Russian shareholder holds 24.2% interest. Directors and management hold 27.3%

Eurasia Mining Summary


Share Capital and contacts


Share Capital – Shares in issue (Apr 2017) 1,528,157,030

Market Capitalisation (May 2017 0.005 ) 8 million

Share Analysis

Holdings No of accounts No of shares held % of share capital

1 - 50,000 896 6,835,553 0.45%

50,001 - 100,000 30 2,498,178 0.16%

100,001 - 500,000 46 10,228,640 0.67%

500,001 - 1,000,000 10 8,036,556 0.52%

1,000,001 - 5,000,000 23 62,884,925 4.11%

5,000,001 – 10,000,000 8 54,165,716 3.54%

10,000,000 – 100,000,000 18 794,247,539 51.88%

Over 100,000,000 2 592,127,066 38.68%

Totals 1,138 1,531,024,173 100%

£

Nominated advisor & Joint Broker W H Ireland Ltd

Brokers: Beaufort Securities Ltd

Auditors: Grant Thornton

Address: Second floor, 85-87 Borough High stLondon SE1 1NH

Telephone: +44 (0) 20 7932 0418

E-mail: [email protected]

Web: www.eurasiamining.co.uk

@eurasiamining

£

• Michael Martineau - Non-Executive Chairman

MA, D. Phil, FIMMM. 40 years experience in mining and mineral exploration. Founder and director of several mining and mineral exploration companies and was a formerly a director of Anglogold Ashanti and First Quantum.

• Christian Schaffalitzky - Managing Director

EurGeol, FIMMM, Pgeo, CEng. 40 years experience in mineral exploration. Founder of CSA international. Numerous discovery credits including Lisheen zinc deposit in Ireland. Also chairman at Kibo Mining Plc.

• Michael de Villiers - Chief Financial Officer

B.Comm, Professional Accountant(SA) Experienced mining company director, previously finance director of Mercator Gold (now ECR Minerals plc), Oxus Gold plc and Navan Mining plc Involved in gold & industrial mineral operations in Africa, Central Asia & Europe. Currently chairman at Ariana Resources plc.

• Dmitry Suschov – Non-Executive Director

Investment banker with extensive experience in the Russian resources sector.

• Gary Fitzgerald – Non-Executive Director

30 years experience in investment management, prior director of Framlington Investment Management.

• Bill Anderson - Operations Consultant

M Sc, B Sc, FAus, IMM. 20 years experience with WMC Resources where he managed several mine projects incl Emperor Mine Fiji, Kalgoorlie, Kambalda and later served as chief executive of WMC Brazil. Former director and operations manager of Eurasia with 20 years of Russian industry experience.

Russia

• Ekaterinburg Head office – Urals Projects• Monchegorsk office - Kola Projects

Board of Directors

Eurasia Mining Plc Apr 2017 25 | |

Documents

78 Kola PGM Project Pt Platinum - proactiveinvestors.co.uk · џ Average 2015 All-in costs amount to $1,534 Pt eq.oz ... Miner/Commodities trader Glencore closed Eland Mine (SA) in