Advancement to Production Update

RNS Number : 4695V

Eurasia Mining PLC

18 April 2016

 

EURASIA MINING PLC

("Eurasia" or the "Company")

Advancement to production update

Eurasia, the platinum development company operating in Russia, is pleased to provide an update on receiving all the permits at West Kytlim alluvial platinum project in the Urals.

Further to the announcement of 29 February 2016, the Company can confirm it has received notice that  RostekhNadzor (the Federal Service for Ecological, Technological and Nuclear Supervision) has approved the Technical Design Report and the mine plan. Accordingly, the Company confirms that the "mining allotment" certificate has been issued permitting the carrying out of mining works at Eurasia's first area of development at Malaya Sosnovka. With this formality all the approvals for mining have been obtained.

Christian Schaffalitzky, Managing Director, commented: "We are very pleased with the steady progress to production in our West Kytlim project. Mining is still targeted to commence this summer with our preparatory work still on schedule. We look forward to updating shareholders on a regular basis".

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

[phone]

WH Ireland Limited

Katy Mitchell/Liam Gribben

[phone]

Beaufort Securities

Elliot Hance

[phone]

 

END

 

 

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