Monchetundra Project - Feasibility Study Approval

RNS Number : 4293B

Eurasia Mining PLC

03 April 2017

 

Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company") 

Monchetundra Project - Feasibility Study Approval

Eurasia Mining plc, the PGM mining and exploration company, is pleased to announce that the Feasibility Study for the Monchetundra Project, submitted in late December 2016 (see RNS dated 22 December 2016) has been approved by the State Commission on Mineral Reserves ("GKZ"). An official protocol confirming this decision will now be issued by GKZ who then send the document for final approval to Rosnedra.

The Feasibility Study describes the economic extraction of reserves identified at two open pit targets on Eurasia's 80% owned Monchetundra License. Two open pittable targets have been identified at Loipishnune and at West Nittis occurring approximately two kilometers apart. Further details will be released when the reserves are officially released by Roznedra, which is the final stage for their approval under the Russian Standard.

Enquiries:

Eurasia Mining Plc
Christian Schaffalitzky/Michael de Villiers                        [phone]

WH Ireland Limited
Katy Mitchell/Nick Prowting                                            [phone]

Beaufort Securities
Elliot Hance                                                                   [phone]

 

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