Proactive investorsLogo Proactive Investors UK Website

Search field
  • World’s most advanced new primary molybdenum development project. MOLY MINES LTD
  • Thermal Coal interests in South Africa Strategic Natural Resources
  • South American power plant developer and operator RURELEC
  • Coking Coal Miner in Queensland, Australia Caledon Resources

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic EUA
Time: 16:30:04
Mid Price: 1.38
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 3.75
Fifty Two Week Low: 1.13
Market Capital: 1.94
Period & price data
Period Price
Now: 1.38
3 Months ago: 1.50
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Platinum Group Metals
Epic: EUA
News: Latest news
Web Site: Eurasia Mining
Other Articles: 08-10-200829-09-200820-08-2008

RSS - Subscribe to the NewsEditorial news ▼

Proactive Investors United Kingdom

RSS - Subscribe to the NewsBreaking news ▼

Proactive Investors United Kingdom

RSS - Subscribe to the NewsEditorial news ▼

Proactive Investors North Americarss_icon

RSS - Subscribe to the NewsEditorial news ▼

Proactive Investors Australiarss_icon

Eurasia Mining

Eurasia Mining Plc is a minerals development company, listed on the Alternative Investment Market (AIM), currently operating in Russia. Eurasia's stated objective is to explore for platinum group of metals (PGMs) and gold on self-generated exploration targets and fund through joint venture partnerships with strategic operators and local partners. At present the company has two principal areas of operation in Russia, the Kola Peninsula and the Urals. Both are targets for PGM mineralization. In the Urals at West Kytlim, an alluvial platinum project is completing a bankable feasibility study and following successful permitting, going straight to mining. This is possible due to the low level of capital required for this type of operation and the suitability to scale up production in stages, funded from cash-flow. In Kola, the area consists of two exploration licences where good platinum and PGM grades have been obtained within bedrock targets. In 2008, both projects are being funded by Anglo Platinum in joint venture, earning a 40% interest in Kola by completing expenditure of $10 million and at West Kytlim, earning 50% by completing the bankable feasibility study. In addition to these PGM projects, work continues on targeting the acquisition of more advanced gold projects in Russia.

CLICK HERE FOR FULL ANLAYSIS OF EURASIA MINING
Wednesday, October 08, 2008

Eurasia Mining awarded extension to West Kytlim licence

company news image

Eurasia Mining (AIM: EUA), the platinum group metals (PGM) exploration and development company,  announced that it has been awarded a two year extension to its West Kytlim exploration licence in the Central Urals, Russia.  


West Kytlin is a alluvial platinum project, and is part of a Joint Venture agreement with Anglo Platinum, the world’s largest platinum producer, whereby Anglo are paying for all exploration work up to the completion of a bankable feasibility study.


Eurasia added that it also received approval for the first stage of its Russian Feasibility Study over the Bolshaya Sosnovka River within the West Kytlim licence.


“The Company is currently submitting a resource and reserve statement to the relevant authorities for approval and registration, as part of the process for obtaining a comprehensive mining licence,” the company said.


“Exploration drilling is continuing to expand the area of reserves and potential resources in a number of areas within the licence area. In addition, bulk samples have been processed as a check of grades obtained by drilling as well as for metallurgical test work.”
 

NewsNow icon AddThis Feed Button
Register here to be notified of future Eurasia Mining articles.

Other Eurasia Mining articles


Other Eurasia Mining news

More news ►

Investors interested in Eurasia Mining recently viewed

You need the Flash Player version 8.0.0.0 or higher and a JavaScript enabled browser to view this content

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.