Eurasia Mining PLC
02 October 2002
PRESS RELEASE
New Managing Director bolsters experience in key areas of development
October 2, 2002: Eurasia Mining Plc, the AIM-quoted platinum exploration company
with projects in Russia and South Africa, is pleased to announce the appointment
of Mr Christian Schaffalitzky as Managing Director with effect from today.
Dr Michael Martineau, Eurasia's Executive Deputy Chairman said 'Mr Schaffalitzky
brings a wealth of practical experience to Eurasia as the company moves into the
next phase of its development. With a background that includes hands-on
exploration, negotiating deals and managing smaller mining companies, he is
perfectly placed to help us conclude forthcoming agreements in both Russia and
South Africa, where we are aiming to develop projects for the exploitation of
platinum group metals and gold.'
Mr Schaffalitzky has 25 years' experience in international minerals exploration,
most recently in Russia and adjacent areas of the former Soviet Union. He was
the co-founder and later Managing Director and Chairman of the CSA consulting
group, a leading global consultancy specialising in mineral exploration and
management. He was a founder of Ivernia West PLC, where he initiated and was
responsible for the exploration leading to the discovery of the world class
Lisheen zinc-lead deposit in Ireland. He was the Technical Director for Ivernia
through to the completion of the bankable feasibility study on Lisheen and
worked on the negotiations and joint venture to introduce Anglo American as
development and production management partner. Most recently he was Managing
Director of Ennex International PLC, focussing on zinc development projects and
latterly has been responsible for the company's diversification into oil and
gas.
Mr Schaffalitzky has recently been involved with a team seeking to identify and
to acquire platinum and related minerals projects in Russia. Working with
Eurasia on a consultancy basis, the team has identified properties holding near
term development potential and discussions are in progress to obtain entry to at
least one of them.
In parallel with the appointment of Mr Schaffalitzky as Managing Director
additional changes are being made to the administration and running of Eurasia
which will result in significantly reduced costs.
The following information falls to be disclosed in relation to Christian
Schaffalitzky (aged 49) in accordance with paragraph F of Schedule 2 of the AIM
Rules.
Current Directorships
Company Country of incorporation
Ennex International Plc Ireland
CJSC Shaimerden Kazakhstan
Crowe Schaffalitzky & Associates Ltd Ireland
CSA Computing Services Ltd Ireland
Mogul of Ireland Ltd Ireland
Oranmore Resources Ltd Isle of Man
Summit Exploration Ltd Ireland
Westland Exploration Ltd Ireland
Zinc Corporation of Kazakhstan Ltd B.V.I.
AfricaOne Services (Ireland) Ltd. Ireland
Sloane Business Development Ltd U.K.
Directorships over last 5 years
Company Country of incorporation
Shallee Exploration Ltd Ireland
Tameir Ltd Ireland
Ulster Minerals Ltd Northern Ireland
Treviro Ltd Ireland
CSA Group Ltd Ireland
Eurasia Mining plc confirms that no other details are required to be disclosed
under paragraph F of Schedule 2 of the AIM Rules with respect to Christian
Schaffalitzky.
For further information contact:
Michael Martineau, Executive Deputy Chairman, Eurasia Mining plc:
+44 (0) 20 7976 1222
Allan Piper, First City Financial Public Relations:
+44 (0) 20 7689 6095
Laurie Beevers, WH Ireland:
+44 ()) 161 819 8724
This information is provided by RNS
The company news service from the London Stock Exchange
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