Slide 1: Company presentation
MARCH 2020 The Last Unconsolidated Palladium Producer Company presentation September 2020 1
Slide 2: Disclaimer and Confidentiality
DISCLAIMER AND CONFIDENTIALITY This presentation, including any printed or electronic copies, the information communicated alongside or during any presentation relating to this presentation and any question and answer session and any document or material distributed at or in connection with it (toge
Slide 3: Section 1: Introduction
d EURASIA MINING PLC SECTION 1 Introduction
Slide 4: Introduction to Eurasia Mining
INTRODUCTION TO EURASIA MINING Eurasia Mining PLC is an AIM-listed company with a portfolio of world-class palladium-rich PGM assets in Russia West Kytlim • Open pit, soft rock PGM mine Operating mine • Commenced industrial production in 2018 • Long term production target 64Koz • Simple, low cost op
Slide 5: Investment Case
INVESTMENT CASE 1 Significant exposure to structurally attractive palladium market ✓ Palladium comprises 64% of Eurasia's resources and 50% of expected production will be palladium in 2023 ✓ Strong Pd price momentum due to a structural market deficit which will remain ✓ Eurasia provides exposure to
Slide 6: Company History
COMPANY HISTORY Eurasia has a long history operating in the Urals and Kola Peninsula and has achieved critical milestones at both the West Kytlim and Monchetundra projects Shift to owner-operated mining at West Kytlim Flanks license at Mochetundra Receipt of production Tipil license issued at West M
Slide 7: COVID-19 Response
COVID-19 RESPONSE • Our first priority is to the safety of our workforce, their families and our communities • We have put in place a number of effective measures in response to the COVID-19 pandemic – Face masks are mandatory and employee protection equipment's are provided (face masks, glasses, gl
Slide 8: Maintaining Our Best-in-Class ESG Position Remains a Key Focus
MAINTAINING OUR BEST-IN-CLASS ESG POSITION REMAINS A KEY FOCUS Eurasia is focussed on ESG activities and ensuring the safety and well-being of its workers and the environment Employee safety is our first priority Environmental protection is front of mind COVID 19 response protocols in place: • Euras
Slide 9: Section 2: Palladium market
d EURASIA MINING PLC SECTION 2 Palladium market
Slide 10: Eurasia Has Exposure to Structurally Attractive Palladium Market
EURASIA HAS EXPOSURE TO STRUCTURALLY ATTRACTIVE PALLADIUM MARKET Eurasia provides significant near-term exposure to the palladium market with palladium revenues set to rise to c.45- 50% of total revenue from 2023+ Palladium price is up +187% over last 5 years Palladium price vs platinum and base met
Slide 11: Outperformance of Palladium Expected to Continue
OUTPERFORMANCE OF PALLADIUM EXPECTED TO CONTINUE L5Y commodity price performance and broker consensus projections (US$/oz, nominal) % change L5Y L3Y LTM L6M 3,000 Palladium 187.3 125.2 24.2 1.7 Platinum (24.5) (11.6) (1.7) (14.7) 2,500 2,059 2,056 2,000 Spot: 1,912 Price (US$/oz) 1,500 973 1,000 868
Slide 12: Palladium Market in Structural Deficit
PALLADIUM MARKET IN STRUCTURAL DEFICIT Structural deficit to persist in palladium market as demand and supply fundamentals remain tight Palladium market to remain in deficit, reaching 14% of supply by 2021 (koz Pd) Declining palladium inventories reflect deficit (koz Pd) deficit (Moz) 700 Sustained
Slide 13: Palladium Demand – Automotive Market Switch to Palladium Drives Growth
PALLADIUM DEMAND – AUTOMOTIVE MARKET SWITCH TO PALLADIUM DRIVES GROWTH Palladium demand will increase on the back of increased penetration of hybrid vehicles and stricter emission regulations in China and India Palladium demand expected to continue to outgrow Switch to palladium-intensive hybrids aw
Slide 14: Palladium Supply – Significant Challenges to Bringing New Mine Supply Online
PALLADIUM SUPPLY – SIGNIFICANT CHALLENGES TO BRINGING NEW MINE SUPPLY ONLINE Mined palladium production is flat in the medium term with both South Africa and Russia facing real challenges. Eurasia's simple open-pit operations well positioned to enter this market Global palladium supply (koz Pd) 12,2
Slide 15: Section 3: West Kytlim
d EURASIA MINING PLC SECTION 3 West Kytlim
Slide 16: West Kytlim – Transition to Owner Mining
WEST KYTLIM – TRANSITION TO OWNER MINING Transition to owner operated mining from contractor mining also completed in 2020 Update on switch to owner mining West Kytlim owner operated machinery • Initially operated via contractor; now owner operated since 2H2020 • Current mine manager has a 20 year h
Slide 17: West Kytlim – Development Plan
WEST KYTLIM – DEVELOPMENT PLAN Ongoing DFS expected to further increase run-rate capacity Years 2015 2016 2017 2018 2019 2020 2021 2022 2023+ Completion of FS Receipt of mining licence First production (under contractor) Commercial production Switch from contractor mining to owner- operate
Slide 18: Section 4: Monchetundra
d EURASIA MINING PLC SECTION 4 Monchetundra
Slide 19: Monchetundra – Geology of Flanks Is Well Understood
MONCHETUNDRA – GEOLOGY OF FLANKS IS WELL UNDERSTOOD Extensive drilling underpins Flanks resource estimate Globally significant resource potential Target resource Cadastre (Moz, PGMs, (PGMs, Moz, 100% basis) Number Overview 100% basis)¹ • Adjacent to Loipishnune deposit 18, 20, 21 • Within prior expl
Slide 20: Monchetundra – Development Plan
MONCHETUNDRA – DEVELOPMENT PLAN Clear path outlined to have Monchetundra in production by 2023 and operating at nameplate capacity by 2024. Ongoing derisking at Monchetundra with aim of enhancing scale of the project Years 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+ Completion of FS and metal
Slide 21: Monchetundra Benefits from Access to Key Infrastructure
MONCHETUNDRA BENEFITS FROM ACCESS TO KEY INFRASTRUCTURE Monchetundra benefits from access to well-developed basic infrastructure which lowers the overall capex bill, reduces development risk and enhances scalability of the project. Developed infrastructure solutions will also support an expanded ope
Slide 22: Summary
SUMMARY 1 Seasoned and balanced team of Significant exposure experienced international and local to structurally attractive mining experts palladium market 5 2 Eurasia is an established operator in Near term, Russia with deep in- low risk production house expertise and a growth at West Kytlim leadin