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Eurasia Mining starts work at its West Kytlim Project in the Ural Mountains

The AIM-listed firm said machinery and equipment mobilised to site with stripping works to start immediately
mining
Eurasia Mining has finalised terms with alluvial mining contractor Techstroy of Nizhny Tagil

Eurasia Mining plc (LON:EUA) has announced the start of site works for the 2018 field season at its West Kytlim Project in the Ural Mountains.

The AIM-listed firm said terms have now been finalised with OOO Techstroy of Nizhny Tagil, an alluvial mining contractor, and machinery and equipment have been mobilised to the site with stripping works to start immediately.

READ: Eurasia Mining amends US$2mln loan agreement so more cash can be directed to mining preparation

Christian Schaffalitzky, Eurasia's executive chairman, said: “We can take full advantage of the full mining season at Malaya Sosnovka starting now and aim to break ground at the Kluchiki area later in this summer.”

Last month, the platinum group metals and gold producer said its application for a mining permit for the Monchetundra project in Russia was progressing much quicker than expected.

The Russian authority of mining, Rosnedra approved a draft of the permit and forwarded the relevant documents to the ministry for defense (MOD) and Federal Security Service (FSB) for the go-ahead.

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